Lessor Obligations definition

Lessor Obligations means and include all liabilities and obligations owed by Lessor to Agent or any Participant under any of the Operative Documents of every kind and description and however arising (whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising), including the obligation of Lessor to share payments made by Lessee to Lessor under the Operative Documents as provided in Paragraph 2.06 of the Participation Agreement.

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Lessor Obligations means an amount equal to $ , which represents certain obligations owed by the Company to certain of its aircraft lessors in connection with previously negotiated reductions in aircraft rent expense.

Lessor Obligations means the obligations of State Street Bank and Trust Company of Connecticut, National Association, as Owner Trustee in any and all capacities under and with respect to the Operative Agreements and each Property.

Examples of Lessor Obligations in a sentence

Lessor Obligations; Right to Perform Lessee Obligations.....................18 3.14.
The exercise by Agent of any of its other rights and remedies under this Deed of Trust or any other Operative Document (including the collection of Issues and Profits) shall not constitute a cure or waiver of any Event of Default or nullify the effect of any notice of default or sale, unless and until all Lessor Obligations are performed in full.
Lessor agrees that such care as Agent gives to the safekeeping of its own property of like kind shall constitute reasonable care of the Lessor Collateral when in Agent's possession; provided, however, that Agent shall not be required to make any presentment, demand or protest, or give any notice and need not take any action to preserve any rights against any prior party or any other Person in connection with the Lessor Obligations or with respect to the Lessor Collateral.
Upon the occurrence and during the continuance of an Event of Default, Lessor hereby consents to the appointment of a receiver for Lessor's interest in the Property without regard to the solvency of Lessor or to the collateral that may be available for the satisfaction of the Lessor Obligations.
Guarantor's liability hereunder shall at all times remain effective with respect to the full amount of the Lessor Obligations, notwithstanding any limitations on the liability of Lessor to Agent contained in the Loan Agreement or elsewhere.
Except to the extent Sublessor breaches its obligations under this Sublease, in no event shall Sublessor be liable to Sublessee for any liability, loss or damage whatsoever in the event that Master Lessor should fail to perform the Master Lessor Obligations, nor shall Sublessee be entitled to withhold the payment of Rent or terminate this Sublease.
The Guarantor covenants and agrees that, so long as any portion of the Lessor Obligations shall remain unpaid under the Loan Agreement or the other Operative Documents, the Guarantor will perform the covenants set forth in Section 10.1 of the Participation Agreement, which covenants are hereby incorporated by reference.
The Company Obligations and the Lessor Obligations shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon this Section 6B.
Instead of paying cash for that property, Agent may settle for the purchase price by crediting the sales price of the Property against the Lessor Obligations in any order and proportions as Agent in its sole discretion may choose.
The Guarantor waives any and all notice of the creation, renewal, extension or accrual of any of the Company Obligations or any of the Lessor Obligations and notice of or proof of reliance by any benefitted party upon this Section 6B or acceptance of this Section 6B.

More Definitions of Lessor Obligations

Lessor Obligations shall have the meaning set forth in Section 1 of the Defeasance Deposit Agreement.

Lessor Obligations means and include (a) with respect to Agent and the Participants, all liabilities and obligations owed by Lessor to Agent or any Participant under any of the Operative Documents of every kind and description and however arising (whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising), including the obligation of Lessor to share payments made by Lessee to Lessor under the Operative Documents as provided in Paragraph 2.06 of the Participation Agreement and (b) with respect to Lessee, all liabilities and obligations owed by Lessor to Lessee under any of the Operative Documents of every kind and description and however arising (whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising), including the obligation of Lessor to sell and convey the Property to Lessee pursuant to the Purchase Agreement.