Examples of Lessor Section 467 Loan Balance in a sentence
Upon payment of all amounts due under this section, the Owner Lessor shall pay to the Facility Lessee the Lessor Section 467 Loan Balance, if any, determined as of the Obsolescence Termination Date.
Unless this Facility Lease continues pursuant to Section 14.5, on the Obsolescence Termination Date, the balance of the Lessor Section 467 Loan Balance or the Lessee Section 467 Loan Balance (as the case may be) shall be reduced to zero and shall be fully discharged for all purposes.
Unless this Facility Lease is to continue as described below, on the Termination Date specified in the Burdensome Termination Notice (or such later Termination Date as permitted under Section 13.1), the balance of the Lessor Section 467 Loan Balance or the Lessee Section 467 Loan Balance (as the case may be) shall be reduced to zero and shall be fully discharged for all purposes.
On the date the Facility Lessee is required to pay Termination Value pursuant to this Section 10.2, the balance of the Lessor Section 467 Loan Balance or the Lessee Section 467 Loan Balance (as the case may be) shall be reduced to zero and shall be fully discharged for all purposes.
Dr.To share capital A/c.(being share application amount transferred to share capital).
For the avoidance of doubt, it is understood and agreed that the treatment of the Lessor Section 467 Loan Balance and any Lessor Section 467 Interest in connection with the consummation of any Implementation Transaction shall be addressed in the Annex relating to such Implementation Transaction.
If the Section 467 Loan balance is positive, such amount ("Lessor Section 467 Loan Balance") represents a loan from the Facility Lessee to the Owner Lessor; if the Section 467 Loan Balance is negative, such amount ("Lessee Section 467 Loan Balance") represents a loan from the Owner Lessor to the Facility Lessee.
If there shall be a Lessor Section 467 Loan Balance, the Owner Lessor shall deduct interest expense and the Facility Lessee shall accrue interest income in an amount equal to the amount set forth for such Rent Payment Period on Schedule 1-C ("Lessor Section 467 Interest").
Xxxxx City acknowledges and agrees that the execution and delivery of this Agreement does not alter, modify, change, amend or waive any obligation of GE to pay any Lessor Section 467 Loan Balance and that no Lessor Section 467 Loan Balance or Lessor Section 467 Interest shall be due or payable solely as result of the execution and delivery of this Agreement.
The Owner Lessor may, upon payment of the Lessor Section 467 Loan Balance, if any, payable to the Facility Lessee, irrevocably elect to retain, rather than sell, the Owner Lessor's Interest by giving notice to the Facility Lessee at least 90 days prior to the Obsolescence Termination Date.