Lessor Equity Interest definition

Lessor Equity Interest that portion of the B Percentage Lessor Investments in an amount equal to 5.00000% of the Facility Cost and which is part of the Non-Recourse Amount, which amount shall be owned and retained by the Lessor.
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Lessor Equity Interest. Unrecovered Lessor Investments consisting of the portion of the Non-Recourse Amount which is attributable to the 3% of the aggregate Ownership Interests owned and retained by the Lessor as Non-Recourse Amount Ownership Interests and referred to in clauses (i) and (iii) of the definition of “Required Percentage Composition”.
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Examples of Lessor Equity Interest in a sentence

  • Upon such assignment, from and after the effective date thereof, (A) the assignee thereunder shall be the Lessor hereunder and have the rights and obligations of the Lessor hereunder (including, without limitation, the obligations with respect to the Lessor Investments and the Lessor Equity Interest) and (B) the assigning Lessor shall relinquish its rights under this Agreement, and such assigning Lessor shall cease to be a party hereto.

  • Any Lien on any Lessor Equity Interest other than a Permitted Lessor Lien with respect to any Lessor Equity Interest shall be null and void ab initio and Lessor shall not recognize any such Lien on any Lessor Equity Interest.

  • No Lessor Equity Interest Owner shall Transfer beneficial ownership of (including, for the avoidance of doubt, indirectly by allowing a change in the Beneficial Owner of) any portion of a Lessor Equity Interest to any Person that would result in possession of Controlling Lease Rights by any Person or Persons except pursuant to a Permitted Equity Transfer, and any such Transfer which is not a Permitted Equity Transfer shall be null and void ab initio and Lessor shall not recognize any such Transfer.

  • Upon such assignment, from and after the effective date thereof, (i) the assignee thereunder shall be the Lessor hereunder and have the rights and obligations of the Lessor hereunder (including, without limitation, the obligations with respect to the Lessor Investments and the Lessor Equity Interest) and (ii) the assigning Lessor shall relinquish its rights under this Agreement, and such assigning Lessor shall cease to be a party hereto.

  • No Lessor or Lessor Guarantor shall be released or relieved of any liability or obligation under this Lease or its applicable Lessor Guaranty in connection with or as a result of a Transfer of any Lessor Equity Interest or any beneficial ownership of any Lessor Equity Interest.

  • Such notice shall be given not less than fifteen (15) Business Days prior to such issuance (ten (10) Business Days in the case of issuance to a Lessor Equity Interest Owner) and shall contain the information that is required for notices that are given pursuant to Section 17.5(c)(ii).

  • No Lessor Equity Interest Owner shall grant or permit the granting of, or suffer to exist, a Lien on any Lessor Equity Interest beneficially owned by such Lessor Equity Interest Owner except a Permitted Lessor Lien with respect to such Lessor Equity Interest.

  • Immediately after giving effect to such Transfer, Lessee, as Lessee, shall have no greater obligation or liability under this Lease as a result of such Transfer, based on Applicable Legal Requirements in effect at the time of such Transfer, than it would have had if the Transfer had not taken place (other than obligations indemnified by Lessor, the transferee Lessor Equity Interest Owner and such Person acquiring such beneficial ownership pursuant to subsection (iv), above).

  • Such Lessor Equity Interest Owner shall have given written notice to Lessee of any proposed Transfer of beneficial ownership of all or any portion of a Lessor Equity Interest.

  • Each Lessor and each direct owner of a Lessor Equity Interest shall at all times be a party to the Equity Investor Agreement.