Core Lease definition
Examples of Core Lease in a sentence
The Servicer also shall be authorized to make such changes to the Pro Forma Lease as it shall deem necessary or appropriate from time to time to conform to current marketing practices or standards or for any other reason, provided that any such Pro Forma Lease, as so changed, shall comply with the Core Lease Provisions in the Indenture.
The terms of the Pro Forma Lease may be revised from time to time by the Servicer, provided that any such revisions shall be consistent with the Core Lease Provisions.
If the Controlling Trustees (acting pursuant to a Trustee Resolution) determine that the requirement for each Lease to be consistent with a Core Lease Provision is reasonably likely to have a material adverse effect on the Holders, taking into consideration any reasonably likelihood of risk that an Asset might not be able to be leased as a result of such requirement, then the Controlling Trustees (by Trustee Resolution) shall amend such Core Lease Provision.
If the Controlling Trustees determine that any such revision to the Servicer's Pro Forma Lease will not have a material adverse effect on the Holders, then the Controlling Trustees shall amend the applicable Core Lease Provisions and (ii) notify the Rating Agencies of any Future Lease entered into the terms of which are materially less favorable from the point of view of the lessor than any of the Leases then in effect, including without limitation, such changes to the Core Lease Provisions.
The terms of the Pro Forma Lease may be revised from time to time by the Servicer or Back-Up Servicer, provided that any such revisions shall be consistent with the Core Lease Provisions.
Nothing in this Section 3.02 shall authorize the Servicer or AerCo to propose or make any Revisions which conflict with the Core Lease Provisions or any provision of the Indenture.
To avoid doubt, the Crown’s ownership of any part of the Rail Network or Network Assets, or any other improvements on the Clawback Land, shall not be affected by removing the Clawback Land from the Released Land or adding the Clawback Land back to the Core Lease.
Toll Rail may request that Clawback Land be reincluded in the Core Lease, if it requires such land for Rail Purposes.
Substitution The Borrower may remove or change Aircraft in the Asset Pool (for the avoidance of doubt, following acquisition thereof by the applicable AOE and the acquisition of HoldCo by the Purchaser) by substituting for such Aircraft other A320 family aircraft on lease (pursuant to leases containing the Core Lease Provisions as set forth in Appendix 4) to AAB and its affiliated airlines (the "AAB Airlines") and the related collateral.
It is acknowledged that the Crown may amend the New Zealand Railways Corporation Restructuring Act 1990 to prevent any material adverse outcome for the Crown arising from the surrender of land from the Core Lease and the parties expressly agree that, at the option of the Crown, the surrender of land from the Core Lease may be delayed until any time up to the end of the Transitional Period.