Substitute Lease Contract definition

Substitute Lease Contract. The meaning set forth in Section 3.04(b) hereof.
Sample 1Sample 2Sample 3
Substitute Lease Contract. The meaning specified in the Lease Acquisition Agreement.
Sample 1Sample 2Sample 3
Substitute Lease Contract. A Lease Contract from which a Substitute Lease Receivable is derived.
Sample 1Sample 2

Examples of Substitute Lease Contract in a sentence

  • Otherwise, the Company shall repurchase such Lease Contract from the Transferor or replace such Lease Contract with a Substitute Lease Contract in accordance with Section 3.04(c) hereof.

  • The Removal Price for a purchased Lease Contract and the related Equipment shall be paid, and any Substitute Lease Contract shall be delivered, by the Company to the Transferor in accordance with Section 3.04(c) hereof.

  • Indication of the Trustee's interest in a Lease Contract will be deleted from or modified on the Servicer's accounts and records when, and only when, the Lease Contract has been paid in full, replaced with a Substitute Lease Contract or purchased by the Company or the Transferor or conveyed to the Servicer pursuant to this Agreement.

  • Upon the substitution of a Substitute Lease Contract pursuant to this Section 3.04(b), the Issuer and the Company shall also comply with the provisions and limitations set forth in the Indenture.

  • The Purchase Price for a purchased Lease Contract shall be paid, and any Substitute Lease Contract shall be delivered, by the Contributor to the Issuer in accordance with Section 3.04(c) hereof.

  • The Purchase Price for a purchased Lease Contract and the related Equipment shall be paid, and any Substitute Lease Contract shall be delivered, by the Company to the Issuer in accordance with Section 3.04(c) hereof.

  • Indication of the Indenture Trustee's interest in a Lease Contract will be deleted from or modified on the Servicer's accounts and records when, and only when, the Lease Contract has been paid in full, replaced with a Substitute Lease Contract or purchased by the Company or the Issuer.

  • Upon the substitution of a Substitute Lease Contract or the addition of an Additional Lease Contract pursuant to this Section 3.04(b), the Transferor and the Company shall also comply with the provisions and limitations set forth in the Trust and Security Agreement.

  • If LFG (i) is required to repurchase any Lease Contract or (ii) instead elects to assign to LFC VI a Substitute Lease Contract pursuant to the terms of the Lease Acquisition Agreement, then LFC VI shall promptly enforce such requirement or election thereunder.

  • If the original Certificate of Title with respect to any Vehicle covered by a Lease Contract is not delivered to the Trustee within 90 days after the Closing Date on which such Lease Contract was sold to the Purchaser hereunder, then the Seller shall repurchase such Lease Contract from the Purchaser or substitute a Substitute Lease Contract therefor, each in accordance with Section 6.01(a) hereof.


More Definitions of Substitute Lease Contract

Substitute Lease Contract means any Lease Contract substituted pursuant to Section 2.03.
Sample 1
Substitute Lease Contract means any Lease Contract substituted ------------------------- pursuant to Section 2.03. ------------- "Substitution Criteria" shall be satisfied with respect to any ---------------------- Substitute Lease Contract if such Substitute Lease Contract shall: (i) be an Eligible Lease Contract; (ii) be with respect to types of Equipment and types of Leases represented in the pool of Lease Contracts previously pledged to Trustee pursuant to this Agreement; (iii) be with a Lessee whose credit is equal to or better than that of the Lessee under the withdrawn Lease Contract; (iv) be accompanied by a supplement to this Agreement substantially in the form of Exhibit "H" hereto subjecting such Lease ---------- Contract to the provisions hereof and providing with respect to such Substitute Lease Contract the information required in the Lease Schedule; (v) not have been selected using procedures that identified the Lease Contracts as being less desirable or valuable than other comparable equipment leases owned by Rockford; (vi) have a Discounted Lease Contract Balance at least equal to the Discounted Lease Contract Balance of the Lease Contract being withdrawn; and (vii) have a remaining term that is substantially equal to (but not greater than) the remaining term of the Lease Contract being withdrawn.
Sample 1
Substitute Lease Contract. The meaning specified in the Contribution Agreement.
Sample 1
Substitute Lease Contract. The meaning specified in the Lease Acquisition Agreement. "Tangible Net Worth": The excess of (a) the tangible assets of the Servicer and any subsidiaries calculated in accordance with GAAP, as reduced by adequate reserves in each case where reserves are proper, over
Sample 1

Related to Substitute Lease Contract

  • Lease contract means the total legal obligation that results from the lease agreement as affected by this article and any other applicable rules of law. Unless the context clearly indicates otherwise, the term includes a sublease contract.

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

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • Installment lease contract means a lease contract that authorizes or requires the delivery of goods in separate lots to be separately accepted, even though the lease contract contains a clause "each delivery is a separate lease" or its equivalent.

  • Site Lease or “Lease” means the Site Lease of even date herewith, by and between the District and the Lessor together with any duly authorized and executed amendment thereto under which the District leases the Site to the Lessor.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • 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:

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

  • Sale Contract means a contract providing for the sale of one or more projects to one or more contracting parties and includes a contract providing for payment of the purchase price in one or more installments. If the sale contract permits title to the project to pass to the other contracting party or parties prior to payment in full of the entire purchase price, it shall also provide for the other contracting party or parties to deliver to the municipality or to the trustee under the indenture pursuant to which the bonds were issued one or more notes, debentures, bonds or other secured or unsecured debt obligations of such contracting party or parties providing for timely payments, including without limitation, interest thereon for the balance of the purchase price at or prior to the passage of such title.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Lease Supplement means a Lease Supplement, substantially in the form of Schedule 2 hereto, to be entered into between Lessor and Lessee on the Delivery Date for the purpose of leasing the Aircraft under and pursuant to the terms of this Agreement, and any subsequent Lease Supplement entered into in accordance with the terms of this Agreement.

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Approved Lease has the meaning set forth in Section 6.11(a).

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

  • Substitute Aircraft Has the meaning specified in the NPA.

  • Eligible Lease means, as of any date of determination, a Lease for a Property that satisfies all of the following:

  • Eligible Ground Lease means a ground lease that (a) has a minimum remaining term of twenty-five (25) years, including tenant controlled options, as of any date of determination, (b) has customary notice rights, default cure rights, bankruptcy new lease rights and other customary provisions for the benefit of a leasehold mortgagee or has equivalent protection for a leasehold permanent mortgagee by a subordination to such leasehold permanent mortgagee of the landlord’s fee interest, and (c) is otherwise acceptable for non-recourse leasehold mortgage financing under customary prudent lending requirements. The Eligible Ground Leases as of the date of this Credit Agreement are listed on Schedule EG.

  • Equipment Leases has the meaning set forth in Section 2.1.9.

  • 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).

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Loan Contract , subject to section 15, means a contract under which a person in the course of a business carried on by him provides or agrees to provide, whether on one or more occasions, credit to another person, not being a body corporate, in one or more of the following ways —

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • Eligible Substitute Mortgage Loan With respect to a Mortgage Loan substituted by the Transferor for a Deleted Mortgage Loan, a Mortgage Loan which must, on the date of such substitution, (i) have a Principal Balance, (or, in the case of a substitution of more than one mortgage loan for a Deleted Mortgage Loan, an aggregate Principal Balance), not in excess of, and not more than 10% less than the Principal Balance of the Deleted Mortgage Loan; (ii) be accruing interest at a rate no lower than and not more than 1% per annum higher than, that of the Deleted Mortgage Loan; (iii) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (iv) have a remaining term to maturity no greater than (and not more than one year less than that of) the Deleted Mortgage Loan; (v) comply with each representation and warranty set forth in Section 2.03 hereof; (vi) be the same credit grade category as the Deleted Mortgage Loan; (vii) have the same prepayment penalty term; and (viii) not be a Cooperative Mortgage Loan unless the Deleted Mortgage Loan was a Cooperative Mortgage Loan.

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.