Lease Exposure definition

Lease Exposure means, at any time, the sum of (a) all present and future rental payments and other amounts guaranteed by Harcourt under the Guarantees plus (b) all present and future rental payments and other amounts owing under the Transferred Leases.
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Examples of Lease Exposure in a sentence

  • Commencing on February 1, 1999, the Company will pay to Harcourt a quarterly guarantor's fee, payable in advance on the first business day of each February, May, August and November in an amount equal to the product of (a) the Fee Percentage multiplied by (b) the Present Value Lease Exposure as of such day.

  • Upon entering into each Hedge Transaction, the Sellers (or the Servicer on their behalf) shall allocate all or a portion of the notional amount of such Hedge Transaction to the ISC Exposure Amount or the Lease Exposure Amount consistent with maintaining compliance with the Hedge Requirements.

  • This Agreement shall terminate at such time as the Present Value Lease Exposure is less than $50,000,000 if at such time no First Tier Default, Payment Default or Event of Default has occurred and is continuing; provided, however, that Sections 2, 3.1, 3.6, 9, 10, 11 and 12 and Sections 7.3 through 7.8 (insofar as they relate to Sections 2, 3.1 and 3.6) shall survive the termination of this Agreement.

  • The District and Association will mutually agree upon the method and system used for the collection of student surveys in order to ensure the highest possible participation rate.

  • The amount of the Defaulted Lease Exposure shall not be reduced by any payment made by either Borrower on account of any component of the Defaulted Lease Exposure.

Related to Lease Exposure

  • Swap Exposure means, as at any relevant date, the amount certified by the Swap Bank to the Agent to be the aggregate net amount in Dollars which would be payable by the Borrower to the Swap Bank under (and calculated in accordance with) section 6(e) (Payments on Early Termination) of the Master Agreement if an Early Termination Date had occurred on the relevant date in relation to all continuing Designated Transactions entered into between the Borrower and the Swap Bank;

  • Facility Exposure means, at any date of determination, the sum of the aggregate principal amount of all outstanding Advances and the Available Amount under all outstanding Letters of Credit.

  • Short Exposure means a short inversed leveraged exposure to the Reference Asset.

  • Total Exposure means, for any Lender at any time, the sum of (i) the aggregate principal amount of all outstanding Loans of such Lender plus (ii) such Lender’s Applicable Percentage of the Letter of Credit Usage.

  • Total Credit Exposure means, as to any Lender at any time, the unused Commitments and Revolving Exposure of such Lender at such time.