Lease Financing Sample Clauses
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Lease Financing. “Banking Services Obligations” means any and all obligations of the Loan Parties and their Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services; provided, however, Banking Services Obligations in respect of Lease Financing shall be limited to Lease Deficiency Obligations. “Banking Services Reserves” means all Reserves which the Administrative Agent from time to time establishes in its Permitted Discretion for Banking Services then provided or outstanding. “Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy”, as now and hereafter in effect, or any successor statute. “Bankruptcy Event” means, with respect to any Person, when such Person becomes the subject of a voluntary or involuntary bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business, appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment or has had any order for relief in such proceeding entered in respect thereof, provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, unless such ownership interest results in or provides such Person with immunity from the jurisdiction of courts within the U.S. or from the enforcement of judgments or writs of attachment on its assets or permits such Person (or such Governmental Authority or instrumentality), to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person. “Beneficial Ownership Certification” means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation. “Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230. “Benefit Plan” means any of (a) an “employee benefit plan” (as defined in Section 3(3) of ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code to which Section 4975 of the Code applies, and (c) any Person whose assets include (for purpo...
Lease Financing. At the request of SJM or a SJM Target Account, Cambridge shall use commercially reasonable efforts to arrange lease financing for customers, who lease the Products, through Cambridge’s existing lease financing partners, subject to the customary customer lease approval process of Cambridge and such lease financing partners.
Lease Financing. In the event the Financing Company provides financing on a lease basis, this Agreement shall remain in effect and Customer shall continue to be bound by all of the obligations, responsibilities and undertakings under this Agreement (except the obligation to pay the purchase price of the Financed Products, to the extent the Financing Company has paid for such Products). Notwithstanding any assignment of title to the Financed Products by Customer to the Financing Company, Customer is entitled to exercise all rights and warranties with respect to the performance of Seller and the products directly under this Agreement unless and until the Financing Company otherwise advises Seller.
Lease Financing. 3.2.1 In the event that the Borrower intends to enter into a UK or French tax-advantaged lease financing for the Ship with the Lease Arranger, the Finance Parties shall agree to amend the Finance Documents and enter into such other documentation as may be required so that the facility provided hereby can be used to support such lease financing, provided that:
(a) the terms and conditions of any amendments to the Finance Documents and any other documentation to be entered into by the Lenders are acceptable to the Finance Parties; and
(b) the Security to be provided to the Lenders and the Swap Banks shall, in the opinion of the Lenders and the Swap Banks, be of at least equivalent value to the Transaction Security.
3.2.2 In connection with the matters referred to in Clause 3.2.1, the Finance Parties shall act in good faith and in accordance with their respective normal internal procedures for considering these and similar matters.
Lease Financing. 6.2.1. Subject to the prior written approval of Exchange, which shall not be unreasonably withheld or delayed, the Customer may assign a Schedule to this Agreement to a finance company for the sole purpose of financing the purchase of the System. In such event the Customer must inform Exchange in writing of the name, address and telephone number of the relevant finance company at least five (5) days prior to the planned date of such assignment and no later than ten
Lease Financing. The Company shall, and shall cause its Subsidiaries to, use reasonable efforts to finance all automobile leases originated by the Company or its Subsidiaries on terms designed to minimize any pre-payment penalties that could be imposed on the Company or any of its Subsidiaries.
Lease Financing. Purchaser and Seller shall, as promptly as reasonably practicable and in no event later than December 31, 2006, use their commercially reasonable efforts to obtain alternate lease financing in form reasonably acceptable to Purchaser for the equipment that is currently leased pursuant to the Master Rental Agreement (Contract No. LFLEAA05), dated July 16, 2003, by and between GE Capital Leasing K.K. and Spansion Japan. (the “GE Lease”), which equipment is listed in Part B of Exhibit 1 to Exhibit C to the Master Lease Agreement, such that Purchaser shall have the right to lease such equipment for a Monthly Rental amount (as defined in the Master Lease Agreement) equal to the Japan GAAP depreciation amount. In the event that such financing cannot be obtained as provided above, Seller shall purchase the foregoing equipment no later than December 31, 2006 and lease such equipment to Purchase under Schedule No. 1 to the Master Lease Agreement for a Monthly Rental amount (as defined therein) equal to the Japan GAAP depreciation amount.
Lease Financing. “Banking Services Agreement ” means any agreement entered into by the Company or any Subsidiary in connection with Banking Services. “Banking Services Obligations ” means any and all obligations of the Company and its Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services; provided , however , that Banking Services Obligations in respect of Lease Financing shall be limited to Lease Deficiency Obligations. 5
Lease Financing. Each Bank, the Security Trustee, the Arrangers and the Agent acknowledges that the Borrower or a TCN Entity may wish to enter into Finance Leases from time to time. Accordingly the parties hereto agree that they will negotiate in good faith should the relevant TCN Entity wish to use the facility granted pursuant to this Agreement by way of guarantees or letters of credit in favour of the lessors in respect of such Finance Leases in order to agree arrangements satisfactory to all parties. If, no later than 30 June, 1997, any Finance Lease is entered into by a TCN Entity which is supported by guarantees or letters of credit given under the facility granted pursuant to this Agreement (and the mandate therefor has been awarded to the prospective lessor no later than 31 January, 1997) which does not, in the opinion of each Bank (acting reasonably), require such Bank to assume any greater credit or other risk or any onerous obligations, then any such arrangements shall not involve the payment of a fee to any of the Banks, the Arrangers, the Agent or the Security Trustee and each Bank, the Security Trustee, each of the Arrangers and the Agent undertakes to act reasonably to agree any relevant documentation.
Lease Financing. To provide finance to Participating Financial Institutions for the purchase of equipment to be leased to Invest- ment Enterprises.