Lease Acquisition definition
Examples of Lease Acquisition in a sentence
Cell Site NewCo II, LLC Cell Tower Lease Acquisition LLC Central States Tower Holdings, LLC CNC2 Associates, LLC Colo ATL, LLC Communications Properties, Inc.
The price to be paid by the Participants with respect to their acquisition of an interest in a Lease pursuant to this Section 2 shall be an amount equal to the Participants’ respective shares, as set forth in Section 3(a) of either (i) the Lease Acquisition Costs with respect to such Lease or (ii) as provided in Section 5.10(h) of the Partnership Agreement, the fair market value of such Lease.
Capitalized terms used herein but not otherwise defined shall have the respective meanings assigned to such terms in the Servicing Agreement or the Lease Acquisition Agreement.
Except as provided in Section 4.01(a) hereof, this Lease Acquisition Agreement may not be assigned or delegated by the Company without the prior written consent of the Transferor, MBIA and the Trustee and, except as provided in Section 4.03 hereof, may not be assigned or delegated by the Transferor without the prior written consent of the Company, MBIA and Trustee.
The Company understands that the Transferor will convey to the Trustee all of its right, title and interest in and to this Lease Acquisition Agreement and the Lease Assets.
This Lease Acquisition Agreement and the rights and obligations of the parties hereunder may not be changed orally but only by an instrument in writing signed by the party against which enforcement is sought together with the prior written consent of the Trustee and MBIA but without the consent of any Certificateholder.
In consideration for its contribution and sale of the Lease Assets and its representations, warranties, covenants and other agreements under this Lease Acquisition Agreement, the Company has received all of the Common Stock of the Transferor and such other consideration as may from time to time be paid hereunder.
Upon any termination of the rights and powers of the Servicer pursuant to Section 6.01 hereof, or upon any appointment of a successor Servicer, all the rights, powers, duties and obligations of the other parties under this Agreement, the Trust and Security Agreement, and the Lease Acquisition Agreement shall remain unaffected by such termination or appointment and shall remain in full force and effect thereafter.
Any provisions of this Lease Acquisition Agreement which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
Lease Acquisition Costs may include costs incurred to evaluate a property which is not acquired.