Predecessor Lease definition

Predecessor Lease. As defined in Section 9.1.
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Predecessor Lease means any lease entered into by Lessee with respect to the Aircraft prior to the Delivery Date.
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Predecessor Lease as defined in Section 5.01 hereof.
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Examples of Predecessor Lease in a sentence

  • Upon any substitution of Leases in accordance with the provisions of this Section 9, the Seller's and the Servicer's obligations hereunder with respect to the Predecessor Lease shall cease but the Seller and the Servicer shall each thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.

  • Each Pool Factor will be initially 1.0000000, and thereafter will decline to reflect reductions in the outstanding principal balance of the applicable class of Notes Predecessor Lease - Section 11.01 hereof.

  • Upon any substitution of Leases in accordance with the provisions of this Section 9, the Transferor's and the Servicer's obligations hereunder with respect to the Predecessor Lease shall cease but the Transferor and the Servicer shall each thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.

  • Upon any substitution of Leases in accordance with the provisions of this Section 9, Vendor Services' and the Servicer's obligations hereunder with respect to the Predecessor Lease shall cease but Vendor Services and the Servicer shall each thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.

  • Upon any substitution of Leases in accordance with the provisions of this Article 8, the Servicer's obligations hereunder with respect to the Predecessor Lease shall cease but the Servicer shall thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.

  • Upon any substitution of Leases in accordance with the provisions of this Article V, the Transferor's obligations hereunder with respect to the Predecessor Lease shall cease but the Transferor shall thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.

  • Upon any substitution of Leases in accordance with the provisions of this Article V, the Seller's obligations hereunder with respect to the Predecessor Lease shall cease but the Seller shall thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.

  • Upon any substitution of Leases in accordance with the provisions of this Section 9, Vendor's Services', the Contributor and the Servicer's obligations hereunder with respect to the Predecessor Lease shall cease but Vendor Services, the Contributor and the Servicer shall each thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.

  • Upon any substitution of Leases in accordance with the provisions of Section 3.08 and 3.09, such Substitute Lease shall become a "Lease" for all purposes of this Agreement and the Indenture, the Seller's and the Servicer's obligations hereunder with respect to the Predecessor Lease shall cease but the Seller and the Servicer shall each thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.

  • Upon any substitution of Leases in accordance with the provisions of this Section 9, Vendor Services', the Contributor's and the Servicer's obligations hereunder with respect to the Predecessor Lease shall cease, but Vendor Services, the Contributor and the Servicer shall each thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.


More Definitions of Predecessor Lease

Predecessor Lease for purposes of the Pooling and Servicing Agreement, is defined in Section 5.4(a) of the Pooling and Servicing Agreement, and for purposes of the Contribution Agreement, is defined in Section 4.3(a) of the Contribution Agreement.
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Predecessor Lease as defined in Section 5.01 hereof. Schedule of Leases - the schedule of Leases, annexed hereto as Schedule 1 as may be amended from time to time. Servicing Agreement - the Servicing Agreement dated as of August 1, 1999 among Charter Equipment Lease 1999-1 LLC, LaSalle Bank National Association, as Trustee and Charter Financial, Inc. as the same may be amended or modified from time to time in accordance with the provisions hereof and thereof. Substitute Lease - as defined in Section 5.01 hereof. Transfer Taxes - as defined in Section 3.19 hereof. To the extent capitalized terms are used herein which are not otherwise defined, such terms shall have meanings defined in the Servicing Agreement.
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Predecessor Lease means the Lease Agreement (N501XJ), dated as of April 25, 1997, between Lessee and Mesaba Aviation Inc.
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Predecessor Lease means the Lease Agreement (N XJ), dated as of [____________, ____], between Lessee and Mesaba Aviation Inc.
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Predecessor Lease has the meaning specified in Section 3.08.
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Predecessor Lease means the Sublease Agreement [NW 200 ], dated as of , 200 , between Sublessor and Sublessee.]
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Related to Predecessor Lease

  • Successor Landlord shall have the meaning given such term in Section 20.2.

  • Superior Lease means the document which sets out the obligations your Landlord has made to their Superior Landlord. The promises contained in this Superior Lease will bind the Tenant if they have prior knowledge of those promises.

  • Master Leases refers to the four second amended and restated master lease agreements, dated as of April 27, 2007, by and among the Operating Partnership and Kindred Healthcare, Inc. and Kindred Healthcare Operating, Inc.

  • Master Lease means any master lease now or hereafter entered into, in which the Healthcare Facility is aggregated with other HUD-insured healthcare facilities and leased to a Master Tenant and any amendments or joinders thereto.

  • Lease means any agreement, whether written or oral, no matter how styled or structured, pursuant to which a Loan Party is entitled to the use or occupancy of any space in a structure, land, improvements or premises for any period of time.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Other Leases means, collectively, the Lease Agreements between Landlord, or an Affiliate of Landlord, and Tenant with respect to the properties described on Exhibit B, but excluding any Lease Agreements terminated pursuant to their terms or by mutual agreement of the parties.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Subleases means the Sublease(s) of even date herewith by and between the District and Contractor together with any duly authorized and executed amendment hereto under which the District subleases the Site from the Contractor.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Consumer lease means a lease that a lessor regularly engaged in the business of leasing or selling makes to a lessee who is an individual and who takes under the lease primarily for a personal, family, or household purpose, if the total payments to be made under the lease contract, excluding payments for options to renew or buy, do not exceed $25,000.00.

  • Assigned Leases has the meaning specified in Section 2.01(b).

  • Lessor Liens means any Lien or disposition of title or interest arising as a result of (i) claims against Lessor, First Security Bank, National Association, in its individual capacity, or the Owner Participant not related to the transactions contemplated by the Operative Documents, (ii) any act or omission of the Owner Participant, Lessor, or First Security Bank, National Association, in its individual capacity, which is not related to the transactions contemplated by the Operative Documents or is in violation of any of the terms of the Operative Documents, (iii) claims against the Owner Participant, Lessor, or First Security Bank, National Association, in its individual capacity, with respect to Taxes or Expenses against which Lessee is not required to indemnify the Owner Participant, Lessor or First Security Bank, National Association, in its individual capacity, pursuant to Section 7 of the Participation Agreement or (iv) claims against Lessor or the Owner Participant arising out of any transfer by Lessor or the Owner Participant of all or any portion of the respective interests of Lessor or the Owner Participant in the Aircraft, the Trust Estate or the Operative Documents other than the transfer of possession of the Aircraft by Lessor pursuant to this Agreement, the transfer pursuant to the Trust Indenture or a transfer of the Aircraft pursuant to Section 9, 10 or 19 hereof or pursuant to the exercise of the remedies set forth in Section 15 hereof, provided, however, that any Lien which is attributable solely to First Security Bank, National Association or the Owner Participant and would otherwise constitute a Lessor Lien hereunder shall not constitute a Lessor Lien hereunder so long as (1) the existence of such Lien poses no material risk of the sale, forfeiture or loss of the Aircraft, (2) the existence of such Lien does not interfere in any way with the use, possession, operation, or quiet enjoyment of the Aircraft by Lessee (or any Sublessee), (3) the existence of such Lien does not affect the priority or perfection of, or otherwise jeopardize, the Lien of the Trust Indenture, (4) First Security Bank, National Association or the Owner Participant, as appropriate, is diligently contesting such Lien and (5) the existence of such Lien does not pose a material threat of interference with the payment of Rent (other than Excluded Payments in favor of First Security Bank, National Association or the Owner Participant, as appropriate).

  • Head Lease or “Superior Lease” means the document which sets out the promises the Landlord has made to the Superior Landlord. The promises contained in this Head Lease will bind the Tenant if he has prior knowledge of those promises.

  • Superior Landlord means and includes people or persons to whom the ownership or interest in the Leasehold Property might revert in the fullness of time.

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.