Early Termination Leases Sample Clauses

Early Termination Leases. Following the Determination Date as of which any Lease first becomes an Early Termination Lease the Seller may, but shall have no obligation to, either (a) substitute one or more Eligible Leases and the Equipment subject thereto for such Lease and the Equipment subject thereto pursuant to Section 9 hereof (if the Seller is then entitled to substitute Leases and Equipment in accordance with the provisions of Section 9.01 hereof) on or before the second Business Day prior to the next succeeding Payment Date, (b) repurchase from the Company such Lease and the related Equipment by remitting to the Trustee an amount equal to the Lease Repurchase Amount in such manner as will ensure that the Trustee will have immediately available funds therefor by 11 a.m. New York City time on the second Business Day prior to the next succeeding Payment Date or (c) offer for sale to the Company one or more Additional Leases in consideration of the proceeds thereof in accordance with Section 9 hereof. Any Early Termination Lease and the Equipment subject thereto which is repurchased, or for which Additional Leases have been purchased or Substitute Leases transferred, pursuant to this Section 4.02 shall nevertheless remain subject to the Lien of the Indenture until such time as an Additional Lease or Additional Leases have been purchased or Substitute Lease or Substitute Leases have been transferred in accordance with the provisions of Section 9 hereof or the Lease Purchaser Amount has been deposited into the Collection Account. A Lease will be considered to be an "Eligible Lease" if on the date such Lease is substituted for or added in replacement of an Early Termination Lease, such Lease satisfies the representations and warranties set forth in Section 2.04(a) through (r) and the requirements of Section 9 hereof.
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Early Termination Leases. 21 4.03 Indemnification.......................................... 22 4.04
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Early Termination Leases. 28 5.03 Indemnification .......................................................... 28 5.04 Purchases; Other Payments ................................................ 29 5.05 Seller's Obligation in Respect of Non-Performing Leases .................. 30 5.06
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Early Termination Leases. 11 Section 4.03 Indemnification...........................................12 Section 4.04 Repurchases...............................................12 Section 4.05
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Early Termination Leases. 18 4.03 Indemnification..................................................18 4.04 Purchases; Other Payments........................................19 4.05
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Early Termination Leases. The Servicer may, in its sole discretion, permit a Lease to become an Early Termination Lease (which shall not include a Lease that becomes an Early Termination Lease due to a Casualty Loss), so long as, unless another Lease is substituted therefor as described in Section 10.4 of the Credit Agreement, the Servicer deposits in the Collection Account, not later than the second Business Day after receipt thereof by the Servicer, the sum of (y) the Discounted Lease Balance of such Lease as of the Determination Date in the month prior to the month in which such Lease becomes an Early Termination Lease and (z) interest thereon at the Discount Rate as of such Determination Date.
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Early Termination Leases. The Servicer may, in its sole discretion, permit a Lease to become an Early Termination Lease (which shall not include a Lease that becomes an Early Termination Lease due to a Casualty Loss), so long as, unless another Lease is substituted therefor as described in Section 5.1 herein, (i) the Servicer deposits in the Collection Account, not later than the second Business Day after receipt thereof by the Servicer, the sum of (A) the Discounted Lease Balance of such Lease as of the Determination Date in the month prior to the month in which such Lease becomes an Early Termination Lease, and (B) one month's interest thereon at the Discount Rate and (ii) at the time the Servicer permits a Lease to become an Early Termination Lease the aggregate principal amount of all Leases which have become Early Termination Leases since the Closing Date does not exceed 3% of the Aggregate Discounted Lease and Residual Balance as of the Cut-Off Date.
Sample 1
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Related to Early Termination Leases

  • Early Termination In the absence of any material breach of this Agreement, should the Trust elect to terminate this Agreement prior to the end of the term, the Trust agrees to pay the following fees:

  • Early Termination Charges A-48 If this Agreement is terminated prior to its End Date pursuant to Clauses 42A-42, 43(a) or A- 43(c), the Home Customer shall pay to the Company an Early Termination Charge equivalent to (Termination Rate x Unexpired Months) where:

  • Early Termination Option (a) Subject to the first sentence of Section 15.2 and the limitations contained in Section 14.1(b), on any day (the “Early Termination Payment Date”) after the Delivery Date and so long as Lessee has not delivered written notice that it intends to exercise the Sale Option, Lessee may, at its option, upon at least 30 days advance written notice to Agent and Lessor, purchase one or more Items of Equipment for a purchase price equal to the Early Termination Purchase Amount plus any Break Funding Amounts, if any (the “Early Termination Option”). Upon the payment of the Early Termination Purchase Amount by Lessee in accordance with the provisions of the preceding sentence, Lessor shall execute and deliver to Lessee such documents as may be reasonably requested to release or evidence the release of the Item or Items of Equipment subject to the Early Termination Option from the terms and scope of this Lease and the other Operative Documents (without representations or warranties, except that the Items of Equipment are free and clear of Lessor Liens attributable to Lessor), in such form as may be reasonably requested by Lessee, all at Lessee’s sole cost and expense. If Lessee has elected the Early Termination Option with respect to one or more Items of Equipment, Lessee shall continue to make all payments of Rent due under this Lease until and including the Early Termination Payment Date. Upon payment of the Early Termination Purchase Amount in respect of such Items of Equipment together with all Basic Rent and Supplemental Rent then due and owing, the remaining scheduled Basic Rent payments under this Lease shall be reduced by an amount equal to the product of the scheduled amount of each such remaining Basic Rent payment (determined in each case prior to the receipt of such Early Termination Purchase Amount), multiplied by the Item Value Fraction of the Item or Items of Equipment subject to such early termination. In the event Lessee shall elect the Early Termination Option with respect to all of the Items of Equipment, the obligation of Lessee to pay Rent hereunder shall cease and the term of this Lease shall end on the date of such payment.

  • Early Termination of Agreement This Agreement may be terminated prior to the expiration of its term by:

  • Early Termination Benefit If Early Termination occurs, the Bank shall distribute to the Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Article.

  • Early Termination Right Tenant shall have the right, subject to the provisions of this Section 39, to terminate this Lease (“Termination Right”) with respect to the entire Premises only as of July 31, 2021 (“Early Termination Date”), so long as Tenant delivers to Landlord (i) a written notice (“Termination Notice”), of its election to exercise its Termination Right no less than 12 months in advance of the Early Termination Date, and (ii) concurrent with Tenant’s delivery of the Termination Notice to Landlord, an early termination payment equal to the sum of (1) the unamortized amount of the Tenant Improvement Allowance actually disbursed by Landlord as of the Early Termination Date with amortization calculated on a straight line basis from the Commencement Date through the Base Term, (2) all of the unamortized leasing commissions paid by Landlord in connection with this Lease as of the Early Termination Date, with amortization calculated on a straight line basis from the Commencement Date through the Base Term, (3) the unamortized amount as of the Early Termination Date of the Additional Tenant Improvement Allowance actually disbursed by Landlord to Tenant, if any, with amortization calculated on a straight line basis from the Commencement Date through the Base Term, (4) the unamortized amount of the Base Rent that would have been payable during the Abatement Period had such amounts not been abated, with amortization calculated on a straight line basis from the Commencement Date through the Base Term, and (5) an amount equal to 4 months of Base Rent that would have been payable for the 4 months immediately following the Early Termination Date (collectively, the “Early Termination Payment”). If Tenant timely and properly exercises the Termination Right, Tenant shall vacate the Premises and deliver possession thereof to Landlord in the condition required by the terms of this Lease on or before the Early Termination Date and Tenant shall have no further obligations under this Lease except for those accruing prior to the Early Termination Date and those which, pursuant to the terms of this Lease, survive the expiration or early termination of this Lease. If Tenant does not deliver to Landlord the Termination Notice and the Early Termination Payment within the time period provided in this paragraph, Tenant shall be deemed to have waived its Termination Right and the provisions of this Section 39 shall have no further force or effect.

  • Early Termination Notice If the Corporate Taxpayer chooses to exercise its right of early termination under Section 4.1 above, the Corporate Taxpayer shall deliver to each TRA Party notice of such intention to exercise such right (“Early Termination Notice”) and a schedule (the “Early Termination Schedule”) specifying the Corporate Taxpayer’s intention to exercise such right and showing in reasonable detail the calculation of the Early Termination Payment(s) due for each TRA Party. Each Early Termination Schedule shall become final and binding on all parties thirty (30) calendar days from the first date on which all TRA Parties are treated as having received such Schedule or amendment thereto under Section 7.1 unless the TRA Party Representative (i) within thirty (30) calendar days after such date provides the Corporate Taxpayer with notice of a material objection to such Schedule made in good faith (“Material Objection Notice”) or (ii) provides a written waiver of such right of a Material Objection Notice within the period described in clause (i) above, in which case such Schedule becomes binding on the date the waiver is received by the Corporate Taxpayer. If the Corporate Taxpayer and the TRA Party Representative, for any reason, are unable to successfully resolve the issues raised in such notice within thirty (30) calendar days after receipt by the Corporate Taxpayer of the Material Objection Notice, the Corporate Taxpayer and the TRA Party Representative shall employ the Reconciliation Procedures in which case such Schedule becomes binding ten (10) calendar days after the conclusion of the Reconciliation Procedures. The TRA Party Representative will fairly represent the interests of each of the TRA Parties and shall timely raise and pursue, in accordance with this Section 4.2, any reasonable objection to an Early Termination Schedule or amendment thereto timely communicated in writing to the TRA Party Representative by a TRA Party.

  • Early Termination Fees The amount of an Early Termination Fee that we are entitled to charge is:

  • Early Termination Fee After this contract goes into effect, if you terminate this contract for any reason, or switch your service to a different electricity generation supplier or default service supplier prior to the end of the contract term, you will be responsible for paying XOOM Energy an early termination fee in the amount of $500. This Early Termination Fee is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electric power to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses.

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

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