Operating Equipment Lease definition

Operating Equipment Lease means, as to any Person, any asset backed securitization transaction (other than the ABS Facility) entered into for the purpose of financing gas compression equipment and any operating lease transaction relating to gas compression equipment that is treated as an operating lease for purposes of accounting in accordance with GAAP but not for tax purposes.
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Operating Equipment Lease has the meaning set forth in Section 5.9(a).
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Examples of Operating Equipment Lease in a sentence

  • Without the prior written consent of the ------------ Majority Tranche B Lenders, Lessee shall not, and shall not permit any Subsidiary to, create any additional Subsidiaries except for (i) Subsidiaries formed in connection with Operating Equipment Lease Facilities permitted hereunder, (ii) Subsidiaries resulting from the Merger or from future mergers or acquisitions permitted hereunder, and (iii) new Subsidiaries created by Lessee in compliance with Section 9.3(h).

  • Without the prior written consent of the Majority Tranche B Lenders, Lessee shall not, and shall not permit any Subsidiary to, create any additional Subsidiaries except for (i) Subsidiaries formed in connection with Operating Equipment Lease Facilities permitted hereunder, (ii) Subsidiaries resulting from the Merger or from future mergers or acquisitions permitted hereunder, and (iii) new Subsidiaries created by Lessee in compliance with Section 9.3(h).

  • The Borrower shall not, and shall not permit any Subsidiary to, create any additional Subsidiaries except for (a) Subsidiaries formed in connection with Operating Equipment Lease Facilities permitted hereunder, (b) Subsidiaries resulting from the WCG mergers or from future mergers or acquisitions permitted hereunder and (c) new Subsidiaries created by the Borrower in compliance with Section 9.

  • The Borrower shall not, and shall not permit any Subsidiary to, create any additional Subsidiaries except for (a) Subsidiaries formed in connection with Operating Equipment Lease Facilities permitted hereunder, (b) Subsidiaries resulting from the WCG mergers or from future mergers or acquisitions permitted hereunder, (c) new Subsidiaries created by the Borrower in compliance with Section 9.03; and (d) Subsidiaries created in connection with the reorganization of Borrower or any Subsidiary.

  • Lessee shall not, and shall not permit any Subsidiary to, create any additional Subsidiaries except for (i) Subsidiaries formed in connection with Operating Equipment Lease Facilities permitted hereunder, (ii) Subsidiaries resulting from the Merger or from future mergers or acquisitions permitted hereunder, and (iii) new Subsidiaries created by Lessee in compliance with Section [___].

  • Commencing on the Commencement Date, Tenant shall at all times comply with all applicable laws, regulations and ordinances governing Hazardous Substances promulgated by an federal, state, county or municipal entity or agency (“Environmental Laws”) affecting the Premises.