Lessee Parent definition
Examples of Lessee Parent in a sentence
Relating to Original Head Lessee, Parent Guarantor, Trust Company, Owner Trustee and Owner Participant.
Relating to Original Head Lessee, Parent Guarantor, Trust Company, Owner Trustee and Owner Participant .
Upon execution hereof by Lessor, Lessee Parent, and Additional Lessee, and approval hereof by CITICORP LEASING, INC., a Delaware corporation (as administrative agent for the "Purchasers" [as defined in the Lease]) ("Agent"), this Supplement shall be included in and shall be a part of the Lease for all purposes.
The parties hereto, intending to be legally bound hereby, acknowledge and agree to the following: ___________________________, a _________ corporation ("Additional Lessee") and Lessee Parent desire for the Additional Lessee to become a party to the Lease as a Lessee as provided for in Section 31 of the Lease.
The Lessee Parent waives any right it may have of first requiring any of Option Holder or Buyer (or any trustee or agent on its behalf) to proceed against or enforce any other rights or security or claim payment from any person before claiming from the Lessee Parent under this Clause 15.