Existing Synthetic Lease definition

Existing Synthetic Lease means the Synthetic Lease with respect to the property in Visalia, Tulare County, California.
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Existing Synthetic Lease means, collectively, (i) Master Agreement, dated as of May 30, 1997, among the Borrower, as lessee, Atlantic Financial Group, Ltd., as lessor, certain financial institutions parties thereto as lenders, and SunTrust Bank, as agent; (ii) Lease Agreement, dated as of May 30, 1997, between the Borrower and Atlantic Financial Group, Ltd; (iii) Master Agreement, dated as of June 3, 1999, among the Borrower, as lessee, Atlantic Financial Group, Ltd., as lessor, certain financial institutions party thereto as lenders and SunTrust Bank, as agent; (iv) Master Lease Agreement, dated as of June 3, 1999, between Atlantic Financial Group, Ltd., as lessor, and the Borrower, as lessee; (v) Master Agreement, dated as of October 11, 2000, among the Borrower, as lessee, Atlantic Financial Group, Ltd., as lessor, certain financial institutions parties thereto as lenders, and SunTrust Bank, as agent; (vi) Lease Agreement, dated as of October 11, 2000, between the Borrower and Atlan Financial Group, Ltd; (vii) Master Agreement, dated as of April 30, 2001, among the Borrower, as lessee, Atlantic Financial Group, Ltd., as lessor, certain financial institutions parties thereto as Lenders, and SunTrust Bank, as agent; and (viii) Lease Agreement, dated as of April 30, 2001, between the Borrower and Atlantic Financial Group, Ltd.
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Existing Synthetic Lease means the transactions and documentation entered into pursuant to (and including): (a) that certain Participation Agreement, dated as of March 30, 2006, among the Borrower, as lessee, BAL Investment & Advisory, Inc., as lessor, Xxxxx Fargo Bank Northwest, National Association, as collateral agent, and the financial institutions party thereto, as lenders and (b) that certain Participation Agreement, dated as of March 14, 2008, among the Borrower, as lessee, BA Leasing BSC, LLC, as lessor, Xxxxx Fargo Bank Northwest, National Association, as collateral agent, and the financial institutions party thereto, as lenders.
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Examples of Existing Synthetic Lease in a sentence

  • At December 31, 1997, the Company has two stock-based compensation plans, which are described below.

  • The Refinancing Advance will be applied to repay the various holders of interests in the principal balance of the Existing Synthetic Lease, and on the Closing Date Lessee will repay any other amounts owed by it under the Existing Synthetic Lease.

  • Level 2An incident that requires the response of a number of NHS- funded organisations within an ICS and will require NHS coordination by the ICB in liaison with the relevant NHS England region.Level 3An incident that requires the response of a number of NHS-funded organisations within an NHS England region to respond.

  • In addition to the satisfaction of the conditions precedent in Section 5.02, the obligation of each Lender to fund its portion of the Term Loan is subject to the receipt by the Administrative Agent of evidence that all obligations under the Existing Synthetic Lease have been, or substantially simultaneously with the funding of the Term Loan will be, paid in full and all Liens in connection therewith shall have been, or substantially simultaneously with the funding of the Term Loan will be, released.

  • All conditions precedent to the conveyance by Seller of title to a third party buyer under the Existing Synthetic Lease shall have been satisfied or waived by Seller on or concurrently with the Close of Escrow.

  • That portion of the Existing Synthetic Lease Facility in the principal amount of not more than $25,000,000 which is to be refinanced or otherwise repaid by BGI and certain of its Subsidiaries not later than November 1, 2002.

  • Assess our fellow veteran’s needs and help them adjust back to civilian life.

  • The Existing Synthetic Lease Facility shall have been amended such that the principal amount thereunder does not exceed $100,000,000.

  • According to the abovementioned Order of the NCLT, Mr. Navneet Kumar Gupta having IP registration no.

  • The proceeds of the Term Loans and the Revolving Loans made on the Restatement Effective Date will be used (i) to repay or refinance all amounts due or outstanding under the Original Agreement on the Restatement Effective Date, (ii) to repay all amounts due or outstanding under the Existing Synthetic Lease and (iii) to pay fees and expenses incurred in connection with the Transactions.


More Definitions of Existing Synthetic Lease

Existing Synthetic Lease means, collectively, (i) that certain Master Agreement dated as of June 22, 2001 among Parent, as "Guarantor," Parent and certain of its Subsidiaries that may become party thereto, as "Lessees," Atlantic Financial Group, LTD., as "Lessor," the certain financial institutions party thereto, as "Lenders," and Lender, as "Agent" and (ii) that certain Master Lease Agreement dated as of June 22, 2001 between Atlantic Financial Group, LTC, as "Lessor," and Parent with certain of its Subsidiaries, and "Lessees."
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Existing Synthetic Lease means the Synthetic Lease Facility dated as of June 27, 2001, as amended from time to time prior to the Restatement Effective Date, between Rite Aid Realty Corp. and RAC Distribution Statutory Trust.
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Existing Synthetic Lease means the Synthetic Lease facility of BGI and certain of its Subsidiaries evidenced by the Existing Synthetic Lease Facility Documents.
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Related to Existing Synthetic Lease

  • Synthetic Lease means any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing arrangement whereby the arrangement is considered borrowed money indebtedness for tax purposes but is classified as an operating lease or does not otherwise appear on a balance sheet under GAAP.

  • Synthetic Leases means, in respect of any Person, all leases which shall have been, or should have been, in accordance with GAAP, treated as operating leases on the financial statements of the Person liable (whether contingently or otherwise) for the payment of rent thereunder and which were properly treated as indebtedness for borrowed money for purposes of U.S. federal income taxes, if the lessee in respect thereof is obligated to either purchase for an amount in excess of, or pay upon early termination an amount in excess of, 80% of the residual value of the Property subject to such operating lease upon expiration or early termination of such lease.

  • Synthetic Lease Obligation means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property (including sale and leaseback transactions), in each case, creating obligations that do not appear on the balance sheet of such Person but which, upon the application of any Debtor Relief Laws to such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment).

  • Synthetic Lease Obligations means, as to any person, an amount equal to the capitalized amount of the remaining lease payments under any Synthetic Lease that would appear on a balance sheet of such person in accordance with GAAP if such obligations were accounted for as Capital Lease Obligations.

  • Capital Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee that, in conformity with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person.

  • Capital Lease Obligations of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

  • Capital Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized on a balance sheet in accordance with GAAP.

  • Capitalized Lease Obligations means, with respect to any Person, obligations of such Person and its Subsidiaries under Capitalized Leases, and, for purposes hereof, the amount of any such obligation shall be the capitalized amount thereof determined in accordance with GAAP.

  • Operating Lease Obligations means all obligations for the payment of rent for any real or personal property under leases or agreements to lease, other than Capitalized Lease Obligations.

  • Capitalized Lease Obligation means, as to any Person, the obligations of such Person under a lease that are required to be classified and accounted for as capital lease obligations under GAAP and, for purposes of this definition, the amount of such obligations at any date shall be the capitalized amount of such obligations at such date, determined in accordance with GAAP.

  • Financing Lease Obligation means, as applied to any Person, an obligation that is required to be accounted for as a financing or capital lease (and, for the avoidance of doubt, not a straight-line or operating lease) on both the balance sheet and income statement for financial reporting purposes in accordance with GAAP. At the time any determination thereof is to be made, the amount of the liability in respect of a financing or capital lease would be the amount required to be reflected as a liability on such balance sheet (excluding the footnotes thereto) in accordance with GAAP.

  • Lease Obligations of a Person means for any period the rental commitments of such Person for such period under leases for real and/or personal property (net of rent from subleases thereof, but including taxes, insurance, maintenance and similar expenses which such Person, as the lessee, is obligated to pay under the terms of said leases, except to the extent that such taxes, insurance, maintenance and similar expenses are payable by sublessees), including rental commitments under Capital Leases.

  • Non-Financing Lease Obligation means a lease obligation that is not required to be accounted for as a financing or capital lease on both the balance sheet and the income statement for financial reporting purposes in accordance with GAAP. For the avoidance of doubt, a straight-line or operating lease shall be considered a Non-Financing Lease Obligation.

  • Capitalized Lease of a Person means any lease of Property by such Person as lessee which would be capitalized on a balance sheet of such Person prepared in accordance with GAAP.

  • Capitalized Leases means all leases that have been or should be, in accordance with GAAP, recorded as capitalized leases.

  • Capital Leases means, in respect of any Person, all leases which shall have been, or should have been, in accordance with GAAP, recorded as capital leases on the balance sheet of the Person liable (whether contingent or otherwise) for the payment of rent thereunder.

  • Finance Lease Obligations of a Person means the amount of the obligations of such Person under Finance Leases which would be shown as a liability on a balance sheet of such Person prepared in accordance with GAAP.

  • Capitalized Lease Liabilities means all monetary obligations of the Borrower or any of its Subsidiaries under any leasing or similar arrangement which, in accordance with GAAP, would be classified as capitalized leases, and, for purposes of this Agreement and each other Loan Document, the amount of such obligations shall be the capitalized amount thereof, determined in accordance with GAAP, and the stated maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be terminated by the lessee without payment of a penalty.

  • Finance Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a finance lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) in accordance with GAAP as in effect as of the applicable time of determination.

  • Funded Debt means all Indebtedness of the Borrower and the Restricted Subsidiaries for borrowed money that matures more than one year from the date of its creation or matures within one year from such date that is renewable or extendable, at the option of such Person, to a date more than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date, including Indebtedness in respect of the Loans.

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Synthetic Long Position means any option, warrant, convertible security, stock appreciation right or other contractual right, whether or not presently exercisable, which has an exercise or conversion privilege or a settlement payment or mechanism at a price related to Common Stock or a value determined in whole or part with reference to, or derived in whole or in part from, the market price or value of Common Stock, whether or not such right is subject to settlement in whole or in part in Common Stock, and which increases in value as the value of Common Stock increases or which provides to the holder of such right an opportunity, directly or indirectly, to profit or share in any profit derived from any increase in the value of Common Stock, but shall not include:

  • Approved Lease means (a) each existing Lease as of the Closing Date as set forth in the Leasing Affidavit and (b) each Lease entered into after the Closing Date in accordance with the terms and conditions contained in Section 9.09 as such leases and related documents shall be Modified as permitted pursuant to the terms of this Agreement.

  • Permitted Lease means a lease permitted under Section 4.02(b) of the Trust Indenture.

  • Synthetic Debt means, with respect to any Person as of any date of determination thereof, all obligations of such Person in respect of transactions entered into by such Person that are intended to function primarily as a borrowing of funds (including any minority interest transactions that function primarily as a borrowing) but are not otherwise included in the definition of “Indebtedness” or as a liability on the consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP.

  • Permitted Contingent Obligations means, without duplication: (a) Contingent Obligations arising in respect of the Debt under the Note Documents; (b) Contingent Obligations resulting from endorsements for collection or deposit in the Ordinary Course of Business; (c) Contingent Obligations outstanding on the date of this Agreement and set forth on Schedule 8.1 (including any refinancings, extensions, increases or amendments to the indebtedness underlying such Contingent Obligations to the extent constituting (i) Refinancing Debt or (ii) extensions of the maturity thereof without any other change in terms); (d) Contingent Obligations incurred in the Ordinary Course of Business with respect to surety and appeal bonds, performance bonds and other similar obligations not to exceed $250,000 in the aggregate at any time outstanding; (f) Contingent Obligations arising under indemnity agreements with title insurers to cause such title insurers to issue to the Purchaser mortgagee title insurance policies; (g) Contingent Obligations arising with respect to customary indemnification obligations in favor of purchasers in connection with dispositions of personal property assets permitted under Section 8.6; (h) [Reserved]; (i) so long as there exists no Event of Default both immediately before and immediately after giving effect to any such transaction, Contingent Obligations existing or arising under any Swap Contract, provided, however, that such obligations are (or were) entered into by an Obligor or an Affiliate in the Ordinary Course of Business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person and not for purposes of speculation; and (j) other Contingent Obligations not permitted by clauses (a) through (i) above, not to exceed $250,000 in the aggregate at any time outstanding.