Attributable Liens definition

Attributable Liens means, in connection with a sale and lease-back transaction, the lesser of: (i) the fair market value of the assets subject to such transaction, as determined in good faith by the Company’s Board of Directors; and (2) the present value (discounted at a rate of 10% per annum compounded monthly) of the obligations of the lessee for rental payments during the shorter of the term of the related lease or the period through the first date on which the Company may terminate the lease.

Attributable Liens means in connection with a sale and lease-back transaction the lesser of:

Attributable Liens means in connection with a sale and lease-back transaction the lesser of (a) the fair market value of the assets subject to such transaction and (b) the present value (discounted at a rate per annum equal to the average interest borne by all outstanding Securities issued under the Indenture determined on a weighted average basis and compounded semi-annually) of the obligations of the lessee for rental payments during the term of the related lease.

Examples of Attributable Liens in a sentence

• Attributable Liens of the Company and any of its Subsidiaries in respect of sale and lease-back transactions entered into after the First Issue Date pursuant to Section 4.7(b) above.

• Attributable Liens of the Company and any of its Subsidiaries in respect of sale and lease-back transactions entered into after the Closing Date pursuant to Section 4.6(b) above.

• Attributable Liens of the Company and any of its Subsidiaries in respect of sale and lease-back transactions entered into after the Closing Date pursuant to Section 4.7(b) above.

• Exempted Debt means the sum of the following as of the date of determination: (1) the Issuer’s Indebtedness incurred after the Issue Date and secured by Liens not permitted by the first sentence under Condition 10(a) above; and (2) the Issuer’s and its Subsidiaries’ Attributable Liens in respect of sale and lease-back transactions entered into after the Issue Date pursuant to the second paragraph of Condition 10(b) above.

More Definitions of Attributable Liens

Attributable Liens means in connection with a sale and lease-back transaction of an Obligor the lesser of:

Attributable Liens means, in connection with a Sale and Lease-back Transaction, the lesser of:

Attributable Liens has the meaning specified in Section 3.11.

Attributable Liens has the meaning assigned to such term in Section 3.09.

Attributable Liens means in connection with a Sale/Leaseback Transaction the lesser of: (1) the fair market value of the assets

Attributable Liens means in connection with a sale and lease-back transaction the lesser of (a) the fair market value of the assets subject to such transaction and (b) the present

Attributable Liens in respect of a Sale/Leaseback Transaction means, as at the time of determination, the lesser of (a) the fair market value of the assets subject to such Sale/Leaseback Transaction and (b) the present value (discounted at the interest rate borne by the Securities, compounded semi- annually) of the total obligations of the lessee for rental payments during the remaining term of the lease included in such Sale/Leaseback Transaction (including any period for which such lease has been extended).