Purchased Leases definition

Purchased Leases means the Purchased Leases identified in an Assignment; provided, however, that, if Seller repurchases Purchased Assets pursuant to Article V of this Agreement, the related Purchased Lease(s) shall cease to be Purchased Lease(s) as of the date of such repurchase.

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Purchased Leases has the meaning set forth in Section 2.2(a).

Purchased Leases has the meaning set forth in Section 1.1(a)(ii)

Examples of Purchased Leases in a sentence

Seller has not selected the Purchased Leases from its portfolio of Eligible Leases using a selection procedure that would reasonably be expected to have a material adverse effect on the likelihood of collectibility of any material portion of the Purchased Leases taken as a whole.
Except as otherwise specifically set forth in this Agreement, a sale of Purchased Assets pursuant to this Agreement shall not constitute and is not intended to result in an assumption by Buyer of any obligation of Seller or any other Person, including, without limitation, any obligation arising under or in connection with the related Purchased Leases or any other Purchased Assets (it being understood that Buyer shall acquire and be solely responsible for exercising the Servicing Rights).
Seller shall, on or before each proposed Purchase Date, inform Buyer of any material adverse change known to Seller in the business or financial condition of any related Obligor since the date of the related offer or of any other circumstance or event known to Seller that would reasonably be expected to have a material adverse effect on the interest of Buyer in the related proposed Purchased Assets or the collectibility of the related proposed Purchased Leases.
Except as otherwise specifically set forth in the Agreement, the sale of the Purchased Assets pursuant to this Assignment shall not constitute and is not intended to result in an assumption by Buyer of any obligation of Seller or any other Person, including, without limitation, any obligation arising under or in connection with the Purchased Leases or any other Purchased Assets (it being understood that Buyer shall acquire and be solely responsible for exercising the Servicing Rights).
Seller represents and warrants that the following are true with respect to the Purchased Leases or the other Purchased Assets, as applicable, as of the related Purchase Date (it being understood that the representations and warranties made as of each Purchase Date only apply to the Purchased Leases or the other Purchased Assets, as applicable, purchased on such Purchase Date).

More Definitions of Purchased Leases

Purchased Leases is defined in the definition of “Lease Purchase Transaction.”

Purchased Leases means the real property leases related to the Purchased Stores as set forth on EXHIBIT 5.

Purchased Leases means the Leases listed on the Purchased Lease Schedule, as amended to reflect the sale by Trans Leasing to TLFC of certain additional Leases on the Subsequent Closing Dates, attached to the Original Agreement.

Purchased Leases means the Leases listed on the Purchased Lease Schedule attached hereto.

Purchased Leases means the real property leases and interests in real property leased to the Company as lessee as set forth on Schedule II, as such Schedule may be amended from time to time in accordance with this Agreement.

Purchased Leases shall have the meaning ascribed thereto in Schedule 2.1(e) hereof.

Purchased Leases means all Leases of Sellers for the Acquired Stores that are assumed and assigned to Buyer on or after the Closing Date, together with all security deposits related thereto and all permanent fixtures, improvements and appurtenances thereto and associated with such Purchased Leases, subject to the rejection of up to fifteen (15) Leases by the Buyer on or prior to the Delayed Assumption Date pursuant to Section 2(l) hereof.