Eligible Lessee definition

Eligible Lessee means (1) the current lessee or lessees of an Eligible Vehicle

Eligible Lessee means: (1) the current lessee or lessees of an Eligible Vehicle with an active lease as of the date the Eligible Vehicle receives the applicable Emission Modification; or (2) solely for purposes of any applicable Special Extended Warranty, the subsequent lessee or lessees of an Eligible Vehicle that has received the applicable Emission Modification.

Eligible Lessee means (1) a Person who leases an Eligible Vehicle when the

Examples of Eligible Lessee in a sentence

• Because the result of this calculation is less than the $2,550 minimum, this seller will receive the $2,550 minimum.Lessee Restitution:All Eligible Lessees will be offered a cash payment of 10% of the vehicle’s base value (adjusted for options but not mileage) plus $1,529.005.• Example: An Eligible Lessee with an Eligible Vehicle that has a base value adjusted for factory options of$20,000 will receive $3,529.005 as Lessee Restitution.

• The fixed component is the same for every Eligible Lessee and is equal to half of the average fixed component of Owner Restitution for Eligible Owners who purchased their vehicles on or before September 18, 2015 (including the amount required to fund the $5,100 minimum).

• In the event of an Assignment to an Eligible Lessee, Lessor shall enter into a new lease with such Eligible Lessee on the same terms and conditions as herein provided, and such Eligible Lessee shall agree to be bound by all the conditions and covenants of the new lease.

• Following the termination of a Lease, the Borrower, Borrower Subsidiaries and the Service Providers shall be entitled to withdraw from the Maintenance Reserves Account any balances contained therein attributable to the related Aircraft for the payment of any expenses incurred in maintaining, repairing, remarketing, storing, insuring or getting the applicable Off-Lease Aircraft generally in a condition for Lease, to another Eligible Lessee.

• Notwithstanding any provisions of this Lease to the contrary, and without any prior consent from the Lessor, (i) the leasehold created hereby may be assigned to such Leasehold Mortgagee pursuant to a Leasehold Mortgage, (ii) a Leasehold Mortgagee may effect Foreclosure, and (iii) after Foreclosure the Leasehold Mortgagee may assign this Lease only to an Eligible Lessee.

More Definitions of Eligible Lessee

Eligible Lessee means a lessee of a Mortgaged Helicopter under an Eligible Lease, which lessee satisfied the requirements of the Revolving Credit Facility.

Eligible Lessee means a lessee satisfying one of the following criteria specified below:

Eligible Lessee means a lessee of a Mortgaged Helicopter under an Eligible Lease, which lessee satisfies each of the following requirements at the time that such Eligible Lease becomes effective: (a) such lessee is not subject to an Insolvency Proceeding upon the commencement of the Eligible Lease with such lessee; (b) such lessee is in compliance with the material terms of all leases with which such lessee has entered into with the Borrower or any of the Helicopter Owning Subsidiaries; (c) except for United States entities or agencies (whether federal or state), such lessee is not a governmental entity or agency or otherwise able to claim sovereign immunity as a defense or shall have waived any such sovereign immunity to the satisfaction of the Administrative Agent; (d) such lessee, if not formed or incorporated under federal or state laws of the United States or if not a United States federal or state agency or entity, shall have executed an IDERA; and (f) such lessee is organized under the laws of, and is domiciled in, an Acceptable Jurisdiction.

Eligible Lessee means a Class Member who (1) leases and Registers a Subject Vehicle on or before the Settlement Announcement Date; and (2) is leasing the Registered Subject Vehicle at the time the Approved Emission Modification is installed in that vehicle. A Class Member is not an Eligible Lessee if they surrender their Subject Vehicle under the terms of the lease or assign their lease to another Person before the AEM is installed.

Eligible Lessee means at any date of determination, a Lessee (i) that has provided a billing address for the related Lease in the United States of America, (ii) that is organized under the laws of the United States of America or any State thereof, or that is organized under the laws of Canada or any province thereof, or (iii) with respect to which the Rating Agency Condition has been satisfied. For purposes of this definition, any Lessee the obligations of which under the related Lease are fully and unconditionally guaranteed by an entity that would be an Eligible Lessee under the preceding sentence, shall be deemed to be an Eligible Lessee.

Eligible Lessee. Any Person (other than any Sanctioned Person) that meets all of the applicable requirements set forth in clauses (a), (b) and (c) below:

Eligible Lessee means (a) Bank of America, N.A. or an Affiliate thereof that has been approved in writing by the Administrative Agent or (b) a Person with publicly traded senior debt that is rated AA or better by S&P and that has been approved in writing by the Administrative Agent, in each case to the extent such Person is not the subject of any Bankruptcy Event.