Lessor Confirmation Letter definition

Lessor Confirmation Letter means the confirmation letter issued by the Lessor from time to time to the Lessee pursuant to Section 8.2(f) of the Participation Agreement, in a form substantially similar to the form of confirmation letter provided to the Lessee on or prior to the Closing Date.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Lessor Confirmation Letter means that certain letter, delivered on or before the Document Closing Date, from Lessor to Lessee pursuant to which Lessor provided to Lessee information to assist in Lessee’s evaluation of Lessor.

Lessor Confirmation Letter means that certain letter, dated March 15, from the Lessor to the Lessee with respect to ASC 810.

Examples of Lessor Confirmation Letter in a sentence

Lessor shall annually, and upon the request of Lessee, and in any event not more than quarterly, provide to Lessee a letter of the same tenor as the Lessor Confirmation Letter.
In the event the Lessor is not able to provide the Lessor Confirmation Letter, then at the Lessee’s option, the Lessor shall, at the Lessee’s expense, assign its interest in this Agreement, the other Operative Documents and the Leased Property to a successor lessor designated by the Lessee in accordance with Section 6.3(b).
The Lessor shall, upon the reasonable request of the Lessee and, in any event, not more than on an annual basis, provide to the Lessee a letter substantially similar to the Lessor Confirmation Letter.
The Lessor shall, upon the request of the Lessee and, in any event, not more than on an annual basis, provide to the Lessee a letter of the same tenor as the Lessor Confirmation Letter.
In the event the Lessor is not able to provide the Lessor Confirmation Letter, then at the Lessee’s option, the Lessor shall, at the Lessee’s expense, assign its interest in this Agreement, the other Operative Documents and the Leased Property to a successor lessor designated by the Lessee in accordance with Section 6.3(a).
Lessor shall annually, and upon the request of the Lessee, and in any event not more than quarterly, provide to the Lessee a letter of the same tenor as the Lessor Confirmation Letter.

More Definitions of Lessor Confirmation Letter

Lessor Confirmation Letter means that certain letter dated the Closing Date to the Lessee confirming certain facts and each subsequent such letter issued pursuant to Section 8.2(c) of the Participation Agreement.

Lessor Confirmation Letter means that certain letter, dated March 15, from the Lessor to the Lessee with respect to ASC 810. “Lessor’s Gain” shall mean, as of any date of determination, the amount equal to the periodic gain on the Lessor Investment during the Lease Term as of such date as pro-rated for any period between Payment Dates, as set forth in a schedule to the Lease Supplement. “Lessor Investment” shall mean, as of any date of determination, the aggregate amount funded by the Lessor pursuant to Article II of the Participation Agreement, as set forth in the Lease Supplement, exclusive of any amount so funded with the proceeds from the sale of Rent Assignment Interests or with the Lessor Retained Interest, and less any distributions received by the Lessor with respect thereto (other than distributions of Lessor’s Gain or Break Amount, if any), as set forth in the Lease Supplement. “Lessor Liens” shall mean Liens on or against the Leased Property, the Site, the Lease or any payment of Rent (a) which result from any act of, or any Claim against, either of the Agents and any Participant, in any case, unrelated to the transactions contemplated by the Operative Documents, (b) which result from any Tax owed by the Lessor (in its individual capacity), the Agents or any Participant, except any Tax for which such Person is entitled to indemnification by Lessee under the Operative Documents, or (c) which result from any act or omission of the Lessor that is in breach of such Person’s covenants or agreements under the Operative Documents. “Lessor Retained Interest” shall mean the right of Lessor to receive payment of that portion of Rent and other amounts under the Lease and other Operative Documents which has not