Successor Residual Agreement definition

Successor Residual Agreement has the meaning specified in the Lease.
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Successor Residual Agreement means an agreement in substantially the same form as the Residual Agreement, or with such changes in such form as are reasonably approved by the Owner Participant, among the Owner Participant, Lessor and the Manufacturer or, in lieu of the Manufacturer, another Person whose unsecured long-term debt is rated "A" or better by Standard & Poor's Rating Group or equivalent rating of Xxxxx'x Investor Services, Inc., which Successor Residual Agreement shall protect an Agreed Residual Value (as such term is used in the Residual Agreement) at the end of such Renewal Term in an amount that shall be calculated to preserve the Owner Participant's originally assumed economic return, taking into account the Basic Rent paid during the previous Renewal Terms and to be paid during such Renewal Term (such calculation to be made by the Owner Participant and subject to verification pursuant to Exhibit E hereto).
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Successor Residual Agreement means an agreement in substantially the same form as the Residual Agreement, or with such changes in such form as are reasonably approved by the Owner Participant, among the Owner Participant, the Owner Trustee and the Manufacturer or, in lieu of the Manufacturer, another Person whose unsecured long-term debt is rated "A" or better by Standard & Poor's Rating Group or equivalent rating of Xxxxx'x Investor Services, Inc., which Successor Residual Agreement shall protect an Agreed Residual Value (as such term is used in the Residual Agreement) at the end of such Renewal Term in an amount that shall be calculated to preserve the Owner Participant's originally assumed economic return, taking into account the Basic Rent paid during the previous Renewal Terms and to be paid during such Renewal Term (such calculation to be made by the Owner Participant and subject to verification pursuant to Exhibit E hereto), provided that such calculation shall be performed by utilizing the highest federal corporate income tax rate as in effect at such time.]
Sample 1

Examples of Successor Residual Agreement in a sentence

  • On the expiration of the Basic Term or a Renewal Term in the event Lessor shall have irrevocably exercised its option to sell the Aircraft at such expiration, and shall be simultaneously exercising its rights, pursuant to the Residual Agreement or a Successor Residual Agreement, the Aircraft shall be returned with all Aircraft Documentation.

  • Lessor authorizes Lessee, with the participation of Lessor, to negotiate such Half-Life Adjustments and amount directly with the Manufacturer or any Person who is the counterparty to any Successor Residual Agreement.

  • In addition and notwithstanding the foregoing, Lessee agrees to (i) perform all of Owner Participant's obligations under Section 3(c) of the Residual Agreement or any comparable provision of any Successor Residual Agreement and (ii) fully cooperate with any inspections of the Aircraft and any books, record or logs related thereto, conducted by or behalf of by the Manufacturer under the Residual Agreement or any Person who is the counterparty to any Successor Residual Agreement.

  • Lessee further agrees to pay to Lessor on the expiration of the Term the amount deducted from the Agreed Residual Value (as such term is used in the Residual Agreement or any comparable term is used in any Successor Residual Agreement) pursuant to clause (y) in the definition of Agreed Residual Value.

  • Without limiting the foregoing, Lessee agrees to fully cooperate with any requests by the Manufacturer under the Residual Agreement or any Person who is the counterparty to any Successor Residual Agreement in connection with the remarketing of the Aircraft.

  • In view of the fact that the required return condition of the Aircraft for purposes of the Residual Agreement are identical to Lessee's obligations herein, Lessee agrees that any determination of Half-Life Adjustment under the Residual Agreement or any Successor Residual Agreement shall be binding on Lessee for purposes of Exhibit H to this Lease.

  • In view of the fact that the required return conditions of the Aircraft for purposes of the Residual Agreement are identical to Lessee's obligations herein, Lessee agrees that any determination of Half-Life Adjustment under the Residual Agreement or any Successor Residual Agreement shall be binding on Lessee for purposes of Exhibit H to this Lease.


More Definitions of Successor Residual Agreement

Successor Residual Agreement means an agreement in substantially the same form as the Residual Agreement, or with such changes in such form as are reasonably approved by the Owner Participant, among the Owner Participant, Lessor and the Manufacturer or, in lieu of the Manufacturer, another Person whose unsecured long-term debt is rated "A" or better by Standard & Poor's Rating Group or equivalent rating of Xxxxx'x Investor Services, Inc. and otherwise acceptable under the Owner Participant's then applicable credit standards, which Successor Residual Agreement shall protect an Agreed Residual Value (as such term is used in the Residual Agreement) at the end of such Renewal Term in an amount that shall be calculated to preserve the Owner Participant's originally assumed economic return, taking into account the Basic Rent paid during the previous Renewal Terms and to be paid during such Renewal Term (such calculation to be made by the Owner Participant and subject to verification pursuant to Exhibit E hereto), provided that such calculation shall be performed by utilizing the highest federal corporate income tax rate as in effect at such time.
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Related to Successor Residual Agreement

  • Individual Agreement means an employment, consulting or similar agreement between a Participant and the Company or one of its Subsidiaries or Affiliates.

  • Subsequent Transfer Agreement A Subsequent Transfer Agreement substantially in the form of Exhibit Q hereto, executed and delivered by and among the Depositor, DLJMC and the Trustee and acknowledged by the Servicers, as provided in Section 2.01 hereof.

  • Previous Agreement has the meaning set forth in the Recitals.

  • Initial Agreement has the meaning set forth in the Recitals.

  • Asset Transfer Agreement means the asset transfer agreement dated September 12, 2014 between Centurion Real Estate Opportunities Trust and Centurion Apartment REIT pursuant to which Centurion Apartment REIT seeded the initial portfolio of Centurion Real Estate Opportunities Trust.

  • Designation Agreement means a designation agreement entered into by a Lender (other than a Designated Bidder) and a Designated Bidder, and accepted by the Agent, in substantially the form of Exhibit D hereto.

  • Delegation Agreement means any separate agreement entered into between the Custodian and the Fund or its authorized representative with respect to certain matters concerning the appointment and administration of Subcustodians delegated to the Custodian pursuant to Rule 17f-5 under the 1940 Act.

  • Amalgamation Agreement means the Amalgamation Agreement dated as of June 26, 2020 among Cybin, Clarmin and Subco relating to the Amalgamation, as amended on October 21, 2020, a copy of which is available under the Company’s profile on the SEDAR website at www.sedar.com.

  • Mutual Agreement is defined to mean an agreement between the Union and the Employer.

  • Subsequent Transfer Instrument Each Subsequent Transfer Instrument, dated as of a Subsequent Transfer Date, executed by the Trustee and the Company substantially in the form attached hereto as Exhibit D, by which Subsequent Mortgage Loans are transferred to the Trust Fund.

  • Rollover Agreement has the meaning set forth in the Recitals.

  • Reciprocal agreement means an agreement between this state and a higher education compact or 1 or more other states that allows participating colleges to provide distance education to residents of this state and other member states under this act.

  • IDR Transfer Agreement means an agreement to transfer, subject to the terms of Tariff, Part VI, section 237, Incremental Deliverability Rights to a party for the purpose of eliminating or reducing the need for Local or Network Upgrades that would otherwise have been the responsibility of the party receiving such rights. “Immediate-need Reliability Project” shall have the same meaning provided in the Operating Agreement.

  • Substitution Agreement means the substitution agreement, substantially in the form set forth in the Schedules as entered into/ proposed to be entered into between the Authority, Developer, and the Lenders in relation to the substitution of the Developer with the Nominated Company in accordance with the Agreement;

  • Supplemental Agreement Any supplemental agreement entered into pursuant to Article IX hereof.

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Existing Agreement has the meaning set forth in the recitals.

  • Change in Control Agreement means a written Change in Control Agreement between an employee and the Company or an Affiliate.

  • Assignment of Recognition Agreement With respect to a Cooperative Loan, an assignment of the Recognition Agreement sufficient under the laws of the jurisdiction wherein the related Cooperative Unit is located to reflect the assignment of such Recognition Agreement.

  • Guarantee Assumption Agreement means a Guarantee Assumption Agreement substantially in the form of Exhibit B to the Guarantee and Security Agreement between the Collateral Agent and an entity that pursuant to Section 5.08 is required to become a “Subsidiary Guarantor” under the Guarantee and Security Agreement (with such changes as the Administrative Agent shall request consistent with the requirements of Section 5.08).

  • Issuer-ICSDs Agreement means the agreement entered into between the Issuer and each of the ICSDs;

  • Factoring Agreement means any factoring agreement by and between Borrower and/or any Restricted Subsidiary and a Factor.

  • Successor Holdings has the meaning assigned to such term in Section 6.03(a)(v).

  • Formation Agreement has the meaning attributed to it in Recital A;

  • Replacement Agreement shall have the meaning set forth in Paragraph 2(b) hereof.

  • Change of Control Agreement means the Change of Control letter agreement between the Company and the Executive of even date herewith.