Approved Lessee definition

Approved Lessee means (i) a Taxable REIT Subsidiary of the U.S. Borrower or (ii) another lessee under an Operating Lease, which lessee must be approved by the Administrative Agent (such approval not to be unreasonably withheld) unless either such Operating Lease relates to Hotel Properties accounting, individually or with other leases of such lessee, for less than 10% of the Consolidated EBITDA of the U.S. Borrower or such lessee is a Permitted Facility Manager.

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Approved Lessee means (a) a Taxable REIT Subsidiary of the Company or (b) another lessee under an Operating Lease, which lessee must be approved by the Administrative Agent (such approval not to be unreasonably withheld) unless either such Operating Lease relates to Hotel Properties accounting, individually or with other leases of such lessee, for less than 10% of the Consolidated EBITDA of the Company or such lessee is a Permitted Facility Manager.

Approved Lessee means any Equipment Lessee, or the parent company of such Equipment Lessee, which has a rating of “BBB-“ or “Baa3” long term or better or “A-1” or “P-1” short term or better, by Standard & Poor’s and ▇▇▇▇▇’▇ Investor Services, respectively, or that are otherwise approved in writing by the Administrative Agent in its sole and absolute discretion. The list of Approved Lessees as approved by Administrative Agent in its sole and absolute discretion as stated above is contained in Schedule B hereto, as the same may be modified from time to time by the Administrative Agent.

Examples of Approved Lessee in a sentence

• Any successor to Lessee under clause (c)(ii) above shall be subject to Manager's prior written approval, which approval shall not be withheld or delayed if such successor to Lessee is (i) a direct or indirect wholly-owned subsidiary of Lessor, (ii) a person or entity to whom a Sale of the Inn is permitted under Section 10.02.A. of the Management Agreement, or (iii) a person or entity who otherwise is approved by Manager in its sole discretion (an "Approved Lessee").

• Approved (Lessee and FMD) Drawing(s) of Planned Renovations, as applicable.

• Any successor to Lessee under clause (c)(ii) above shall be subject to Manager's prior written approval, which approval shall not be withheld or delayed if such successor to Lessee is (i) a direct or indirect wholly-owned subsidiary of Lessor, (ii) a person or entity to whom a Sale of the Inns is permitted under Section 18.01 (A) of the Management Agreement, or (iii) a person or entity who otherwise is approved by Manager in its sole discretion (an "Approved Lessee").

• The Borrower will not use, and will not permit any Approved Lessee to use, any Railcar for the carriage or transportation of Hazardous Materials.

• Neither Holdings nor any of its Subsidiaries, --------------- and to the best knowledge of each of Holdings and the Borrower, no Facility Manager or Approved Lessee, is engaged in any unfair labor practice with respect to any Hotel Property or other Real Property owned or leased by Holdings or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect.

More Definitions of Approved Lessee

Approved Lessee means any person that is listed in Part A of Schedule 5 (Leasing Criteria), subject to the provisions of Part C of Schedule 5 (Leasing Criteria). Approved Maintenance Programme has the meaning ascribed thereto (or to any similar or analogous term) in the Lease Agreement. Approved Sale Conditions has the meaning ascribed thereto in paragraph 9(b) of Schedule 4 (Aircraft Covenants).

Approved Lessee means (a) Bunge North America, Inc. (“Bunge”), (b) West Central Cooperative (“West Central”), (c) a Person the Equity Interests of which are owned by Bunge, West Central and an affiliate of USRG Management Company, LLC (“USRG”), USRG Power and Biofuels Fund II (“USRG II”) or USRG Power and Biofuels Fund III (“USRG III,” and together with USRG and USRG II, the “USRG Parties”), or (d) a Person reasonably satisfactory to the Senior Secured Parties the Equity Interests of which are owned by a USRG Party.

Approved Lessee means: Schlumberger Technology Corporation; ExxonMobil Chemical, a Division of ExxonMobil Corporation; SSAB Enterprises, LLC; Argos Cement LLC; and Badger Mining Corporation; and their successors and assigns (subject to the prior consent of the Administrative Agent); and (with notice to the Administrative Agent) a Person having a senior secured credit rating or whose lease obligations are guaranteed by a Person having a senior secured credit rating of BB or higher by Standard & Poor’s Ratings Group, BB or higher by Fitch Ratings, Inc., or Ba2 or higher by ▇▇▇▇▇’▇ Investor Service; and a Person approved by the Required Lenders.

Approved Lessee means (i) SLC or a Subsidiary thereof, as lessee under an Operating Lease, or (ii) another lessee under an Operating Lease approved by the Administrative Agent and the Required Banks.

Approved Lessee means a Lessee of a Borrower which satisfies each and every one of the conditions described on SCHEDULE 1.2(A), as determined by Agent, or any such other Lessee of a Borrower specifically approved in writing by Agent.

Approved Lessee means (i) Crestline or a Subsidiary thereof, as lessee under an Operating Lease, (ii) a Taxable REIT Subsidiary or (iii) another lessee under an Operating Lease approved by the Administrative Agent and the Required Banks (which approval shall not be unreasonably withheld).

Approved Lessee means: Schlumberger Technology Corporation; ExxonMobil Chemical, a Division of ExxonMobil Corporation; SSAB Enterprises, LLC; Argos Cement LLC; and Badger Mining Corporation; and their successors and assigns (subject to the prior consent of the Administrative Agent); and (with notice to the Administrative Agent) a Person having a senior secured credit rating or whose lease obligations are guaranteed by a Person having a senior secured credit rating of BB or higher by Standard & Poor’s Ratings Group, BB or higher by Fitch Ratings, Inc., or Ba2 or higher by Moody’s Investor Service; and a Person approved by the Required Lenders.