Examples of Synthetic Lease Documents in a sentence
At or prior to Closing, Seller shall procure or obtain such documents or instruments as may be required in order to terminate the Synthetic Lease with respect to the Subject Property and to release the Subject Property from all liens and encumbrances created pursuant to the Synthetic Lease Documents and the Revolving Credit Documents.
The Borrower shall have obtained such consents, amendments, or other modifications to the Synthetic Lease Documents and the Securitization Documents in each case as are necessary in the reasonable judgment of the Lead Agents to permit the execution, delivery and performance of this Agreement and the other Loan Documents.
The Borrower will, and will cause its Subsidiaries to, use commercially reasonable efforts to cause the lenders under and the other parties to the Synthetic Lease Documents to terminate the Synthetic Lease Documents promptly following the Closing Date (other than any obligations, covenants and agreements that by their terms expressly survive the termination of such Synthetic Lease Documents) to the extent not terminated on the Closing Date.
Until such time as the ADS Lessees shall have exercised their "Purchase Option" or "Remarketing Option" (as each such term is defined in Appendix A to the ADS Participation Agreement) as to the ADS Mortgaged Properties under the ADS Synthetic Lease, each of the ADS Synthetic Lease Documents is in full force and effect.
The Loan Parties are the legal and beneficial owners of the Collateral free and clear of any Lien, except for the liens and security interests created or permitted under the Loan Documents and the Synthetic Lease Documents and the Landlord's Lien Rights in respect of the property listed on Schedule 5.01(r)(ii) located in the States of Washington, Oregon and Florida.