Examples of Master Lease in a sentence
True and complete copies of the Master Lease Agreement as in effect on the Closing Date have been delivered to the Borrower and the Facility Agent.
The transfer, assignment and the pledge of the Master Lease Agreement by the Original Lessee to the Borrower pursuant to the Sale and Contribution Agreement and the pledge by the Borrower to the Facility Agent pursuant to the Security Agreement are not subject to and will not result in any tax, fee or governmental charge payable by the Borrower to any federal, state or local government except as paid.
The incurrence by the Borrower of the indebtedness pursuant to the Credit Agreement does not violate the Master Lease Agreement.
The Master Lease Agreement is in full force and effect in accordance with its respective terms, and there has been no breach or default by the Borrower or, to the Borrower’s Knowledge, the Lessor under such agreement that would entitle the other party to any such agreement to terminate such agreement, and none of the Borrower or, to the Borrower’s Knowledge, Lessor has given or received any notice of default under any of such agreements in respect of a default that is continuing.
There are no ongoing breaches or defaults by any Spruce Party, or, to the Knowledge of the Borrower, the Lessor or the Provider, under the Transaction Documents or the Master Lease Documents.