Novated Lease definition

Novated Lease means the Lease as novated, supplemented and amended by this Agreement.

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Novated Lease means an Employee's lease of a car from a finance company novated by the finance company to the Employer for the Employer to provide as a Benefit Item to the Employee, including arrangements associated with that lease, such as fully maintained novated lease arrangements.

Novated Lease means, for any Lease subject to a Lease Novation, such Lease as novated to the Purchaser or New Lessor (as appropriate) of the Aircraft the subject of such Lease, and as amended by the applicable Lease Novation.

Examples of Novated Lease in a sentence

Terms used in this Supplement shall have the meanings given to them in the Agreement and the Novated Lease.
Each Aircraft shall as of the applicable Delivery Date be free and clear of all Security Interests other than the Novated Lease and Permitted Liens.
No party may assign or transfer any of its rights or obligations under this Agreement (and any purported assignment or transfer in breach of this Clause 6.4.2 shall be void ab initio), except the New Lessor may, without the consent of the other parties, assign or transfer its rights and obligations under this Agreement in connection with an assignment or transfer of its rights or obligations under the Novated Lease which is permitted in accordance with the terms thereof.
The provisions of this Agreement shall not be varied otherwise than by an instrument in writing executed by or on behalf of all the parties, provided that the New Lessor and the Lessee shall be entitled to amend, modify or vary the terms of the Novated Lease after the Effective Time without reference to the Existing Lessor.
The Novated Lease, the Replacement Security Deposit Agreement and this Agreement together constitute the sole and entire agreement between Lessee and the New Lessor in relation to the leasing of the Aircraft and supersede all previous agreements in relation to that leasing.

More Definitions of Novated Lease

Novated Lease means an Employee's lease of a motor vehicle from a finance company novated by the finance company to the Employer for the

Novated Lease means the Lease Agreement as novated and amended by this Agreement. Capitalized terms used, but not defined, in this Agreement shall have the respective meanings assigned to them in the Lease Agreement. The provisions of Part II of Schedule 1 to the Lease Agreement shall apply to this Agreement as if set out herein in full and as if references therein to “this Agreement” were references to this Agreement.

Novated Lease means, for any Aircraft, the Lease in respect of such Aircraft as novated and amended by the applicable Lease Novation;

Novated Lease means the Lease as novated, amended and supplemented by this Agreement; ‘‘Previous Parties’’ means ***;

Novated Lease means an agreement between New Lessor and Lessee on the same terms as the Lease, subject to the amendments specified in this Agreement.

Novated Lease. ’ means the Lease as novated, amended and supplemented by this Agreement;

Novated Lease means, for any Aircraft, the Lease in respect of such Aircraft as novated and amended by the applicable Lease Novation; “Other Agreement” means any sale agreement, or related agreement, entered into between Celestial Aviation Trading 71 Limited seller and ALC B378 35217 LLC as purchaser in relation to the Other Aircraft; * Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.