Existing Equipment Leases definition
Examples of Existing Equipment Leases in a sentence
There are no existing defaults under the Existing Equipment Leases, and there have been no payments of any sums due thereunder made more than thirty (30) days in advance of any due date thereunder.
The Existing Equipment Leases are in full force and effect and have not been modified except as may be set forth in Exhibit "F".
Effective immediately prior to the Transfer Effective Time, the respective Terms of the Existing Equipment Leases shall be deemed terminated in respect of the Equipment leased thereunder with the mutual consent of the parties (the “Existing Equipment Lease Terminations”), without, however, in any way affecting any of the rent payment or other obligations of the applicable Lessee thereunder accruing though the date of the Existing Equipment Lease Terminations.
The Existing Equipment Leases, when taken together with the Type 3 Franchisee Equipment Leases, constitute all of the Equipment Leases to which the Seller or any Affiliate thereof is a party.
The Existing Equipment Leases are in full force and effect and have not been modified except as may be set forth in Exhibit "D".
Subject to the provisions of the Senior Credit Agreement concerning Existing Equipment Leases, as defined therein, Mortgagor shall not enter into any material Equipment Lease, or any other material agreement by which Mortgagor is given possession of the Equipment without ownership thereof, without Mortgagee's prior written consent.