Additional Lease Financing definition
Additional Lease Financing means one or more lease financings, other than any Permitted Lease Financing, of Manufacturing Equipment or other equipment, pursuant to leases and related documentation (including leveraged leases and single investor leases) to be entered into by the Borrower or any Subsidiary, as lessee, and one or more institutional equity investors or agents or affiliates thereof or one or more banks or trust companies or agents or affiliates thereof acting as trustee for one or more institutional equity investors or agents or affiliates thereof, as lessor, after the Closing Date and prior to the termination of this Agreement. Any such lease shall contain terms and conditions substantially as set forth on Schedule C and other customary terms and conditions not inconsistent with Schedule C that are approved by the Administrative Agent (such approval not to be unreasonably withheld).
Examples of Additional Lease Financing in a sentence
The proceeds of Revolving Loans (except as described above) will be used for general corporate purposes, including the financing of purchases by the Borrower of Manufacturing Equipment or other equipment in connection with or prior to any Permitted Lease Financing or Additional Lease Financing.