Material Equipment Leases definition

Material Equipment Leases means each equipment lease entered into by the Company that, individually during the remaining term of the lease as of the date of this Agreement, would require the Company to make lease payments in excess of $10,000; provided, however, that Material Equipment Leases shall mean all equipment leases entered into by the Company if, during the remaining term of all such leases as of the date of this Agreement, the Company would be required to make lease payments in the aggregate in excess of $100,000.

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Material Equipment Leases means, collectively, Equipment Leases of a material nature (materiality for these purposes to include contracts in excess of $150,000.00 per annum or which extend beyond one year (unless cancelable on thirty (30) days or less notice)), whether written or oral.

Material Equipment Leases means with respect to each of the Hotels or Manager (as the case may be), the Equipment Leases requiring aggregate remaining payments in excess of Fifty Thousand and No/100 Dollars ($50,000.00).

Examples of Material Equipment Leases in a sentence

All real property or facilities leases held by the Company as lessee, and all Material Equipment Leases, are listed on Exhibit 3.9(b) hereto.
To Borrower’s knowledge, Borrower has identified all Material Equipment Leases and Borrowers have delivered to Lender correct and complete copies of any existing Material Equipment Leases affecting the Property.
To Seller’s Knowledge, all Material Equipment Leases are in full force and effect.
Neither Seller nor Operating Tenant has given or received, and, to Seller’s knowledge, Hotel Manager has not given or received, any notice of any breach or default under the Material Equipment Leases and, to Seller’s knowledge, there are no defaults or events that with notice or the passage of time or both, would constitute a default by Seller or Operating Tenant under any such Equipment Lease, nor by any other party thereto.
To Borrower’s knowledge, Borrower has identified all Material Equipment Leases and Borrower has delivered to Lender correct and complete copies of any existing Material Equipment Leases affecting the Property.
All Material Equipment Leases are listed on Schedule 4.7 attached hereto.
Seller has made (or will make within five (5) Business Days after the Effective Date) available to Buyer true and complete copies of the Material Equipment Leases (and to Seller’s knowledge, all other Equipment Leases).
The Company shall also pay all reasonable legal expenses incurred in connection with the preparation of the Employee's employment arrangements with the Company.
All real property or facilities leases held by RBMG or any RBMG Subsidiary as lessee, and all Material Equipment Leases, are listed on Schedule 3.11(b) hereto.
To Seller’s Knowledge, complete copies of the Material Equipment Leases have been delivered or otherwise made available to Buyer by Seller in the Due Diligence File on or prior to the Due Diligence Cutoff Time.

More Definitions of Material Equipment Leases

Material Equipment Leases means all Equipment Leases that are either (i) not terminable as of right and without cause on thirty (30) days’ or less notice without cost or penalty or (ii) require the payment by, or on behalf of, the Sellers of more than Twenty Five Thousand and No/100 Dollars ($25,000) with respect to the Property in any calendar year.

Material Equipment Leases means with respect to each of the ------------------------- Facilities, the Equipment Leases requiring aggregate remaining payments in excess of Twenty Thousand and No/100 Dollars ($20,000.00).

Material Equipment Leases means any Equipment Lease for which annual payments are reasonably expected to exceed $200,000.