Lessor Commitment definition

Lessor Commitment means the Commitment of the Lessor in the amount set forth on Schedule I of the Participation Agreement, as such Schedule may be amended, supplemented, amended and restated or otherwise modified from time to time.

Lessor Commitment means the commitment of the Lessor to make available the Lessor Commitment Amount.

Lessor Commitment means the Lessor Commitment of the Lessor as set forth in Schedule I to the Participation Agreement as such Schedule I may be amended and replaced from time to time.

Examples of Lessor Commitment in a sentence

• Lessor Commitment Date: The date Lessor acknowledges its commitment to fund a purchase of Motor Vehicles so designated in an Exhibit A for each Agency Lease.

• No Credit Lender shall be obligated to make Credit Loans in excess of its Credit Loan Commitments, no Mortgage Lender shall be obligated to make Mortgage Loans in excess of its Mortgage Loan Commitment and the Lessor shall not be obligated to fund any Lessor Advance in excess of its Lessor Commitment.

• For the avoidance of doubt, the parties to this Agreement agree that, except as provided in Sections 5.8 and 11.6, any increase in the Mortgage Loan Commitments of the Mortgage Lenders, any increase in the Credit Loan Commitments of the Credit Lenders and/or any increase in the Lessor Commitment of the Lessor shall be a matter decided as a Unanimous Vote Matter.

• In addition, upon the termination of the Credit Loan Commitments, the Mortgage Loan Commitments and the Lessor Commitment and the payment in full of all amounts then due and owing by the Lessee under the Operative Agreements, the Agent is hereby authorized and directed to release the Property from the Liens created by the Operative Agreements to the extent of its interest therein.

• In the case of assignments made by a Lessor, any such assignment shall be in a minimum aggregate amount of $1,000,000 of its Lessor Commitment (or the balance of such Lessor Commitment, if less) and the aggregate remaining Lessor Commitment of the assigning Lessor shall, after giving effect to the proposed assignment, be at least $1,000,000 or if less, zero.

More Definitions of Lessor Commitment

Lessor Commitment means, with respect to each Lessor, the amount set forth opposite such Lessor's name on Schedule I to the Participation Agreement.

Lessor Commitment means the commitment of the Lessor to (a) make available the Lessor Commitment Amount on the Original Closing Date or (b) extend the maturity date, effective as of the Restatement Date, of the Lessor Amount in an amount equal to the Lessor Commitment Amount, as the context may require.

Lessor Commitment means, as to Lessor, the obligation of Lessor to make and/or continue Lessor Fundings in an aggregate principal amount at any time outstanding not to exceed $51,658,075.58.

Lessor Commitment means with respect to any Property, the Commitment of the Lessor to make available Equity Amounts in an aggregate principal amount not to exceed the amount set forth under the heading for such Property on Schedule I of the Participation Agreement.

Lessor Commitment means the obligation of the Lessor to make the Lessor Advances in an aggregate principal amount at any one time outstanding not to exceed $1,920,000, as such amount may be increased or reduced from time to time in accordance with the provisions of the Operative Agreements; provided, the Lessor shall not be obligated to make any Lessor Advance in excess of the Lessor Commitment.

Lessor Commitment means the Commitment of the Lessor to make available funds in an aggregate principal amount not to exceed the amount set forth on Schedule I of the Participation Agreement, as revised pursuant to Article XI or Article XII of the Participation Agreement.

Lessor Commitment means the obligation of the Lessor to make the Lessor Advance in an amount not to exceed $3,900,000.