Lease Facility definition

Lease Facility shall have the meaning assigned to it in Section 1(a). "LEASES" shall mean all of those leasehold estates in real property now owned or hereafter acquired by Aladdin Gaming, as lessee. "LEASE TERM" shall mean the Basic Lease Term and all available Renewal Lease Terms. "LESSEE" shall have the meaning assigned to it in the first paragraph of the Master Lease Agreement. "LESSOR" shall have the meaning given to it in the first paragraph of the Master Lease Agreement. "LIBOR RATE FUNDING" shall mean any Funding as to which the interest rate is calculated by reference to 30-Day LIBOR or 90- Day LIBOR. "LIBOR RESERVE PERCENTAGE" means, relative to any Interest Period, the reserve percentage (expressed as a decimal) equal to the maximum aggregate reserve requirements (including all basic, emergency, supplemental, marginal and other reserves and taking into account any transitional adjustments or other scheduled changes in reserve requirements) specified under regulations issued from time to time by the F.R.S. Board and then applicable to assets or liabilities consisting of or including "Eurocurrency Liabilities", as currently defined in Regulation D of the F.R.S. Board, having a term approximately equal or comparable to such Interest Period.

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Lease Facility means a lease facility appearing under the sub-heading “Operating Lease” in Schedule 3.

Lease Facility shall refer to the transactions contemplated by the Operative Documents.

Examples of Lease Facility in a sentence

• In addition, the policies shall name as an additional insured the holder ("Facility Mortgagee") of any mortgage, deed of trust or other security agreement securing any Encumbrance placed on the Leased Property in accordance with the provisions of this Lease ("Facility Mortgage"), if any, by way of a standard form of mortgagee's loss payable endorsement.

• Notwithstanding the foregoing, prior to the occurrence of an Event of Default, all payments made by Aladdin Gaming specifically identified as being made with respect to the Lease Facility shall be applied only to those Obligations relating to the Lease Facility.

• All documentation under the End Loaded Lease Facility shall be satisfactory in form and substance to the Agent and the Lenders.

• The description of the Site Lease Facility set forth in Exhibit B to the First Supplemented Site Lease is hereby modified to read in full as set forth in Exhibit B hereto.

• Upon the exercise by the Buyer of the purchase option and payment of all amounts due under the Lease Facility, title to the Relevant Aircraft shall be transferred from the SPV to the Buyer simultaneously.

• Under the Lease Facility, the Banks shall create a special purpose vehicle (“SPV”) which (i) shall receive title to the Relevant Aircraft pursuant to an assignment to the SPV of the relevant rights and obligations of the Buyer under the Agreement, and (ii) shall lease such Relevant Aircraft to the Buyer for the Term of the Facility.

• Upon and subject to the terms and conditions hereof, GE Capital will finance the acquisition by Aladdin Gaming for use in connection with the Aladdin Hotel and Casino of Gaming Equipment having an aggregate acquisition cost not in excess of $20,000,000 (the "Term Loan Facility"; and together with the Lease Facility being referred to, collectively, as the "Facilities").

• Lessee shall select the applicable interest rate with respect to the Interim Funding Period not less than five (5) Business Days prior to the date on which the initial Funding is made with respect to the Lease Facility by written notice to Lessor.

• Effective immediately upon its acceptance of a valid appointment as Collateral Agent and the assignment of Liens from the retiring Collateral Agent, a successor Collateral Agent shall succeed to, and become vested with, all the rights, powers, privileges and duties of the retiring Collateral Agent under the CHG Lease Facility Documents.

• GE Capital shall use the proceeds of each Funding with respect to the Lease Facility to pay the acquisition cost, or to repay deposits funded by drawings under the Senior Credit Facility with respect to, the acquisition cost of the Equipment specified in the applicable Schedule.

More Definitions of Lease Facility

Lease Facility. The proposed financing arrangement with respect to the securitization of certain lease receivables to be entered into among ▇▇▇▇▇▇, certain ▇▇▇▇▇▇ Affiliates, Falcon Asset Securitization Corporation, Bank One, NA, Wachovia and Blue Ridge and various other parties.

Lease Facility the collective reference to the synthetic lease facilities entered into by GI Delaware on August 12, 1996 and June 30, 1997 (and to be assigned to and assumed by the Company in connection with the Spin-Off).

Lease Facility means an arrangement pursuant to this Agreement for the purposes of providing on lease, the Leased Assets to the Lessee by the Lessor, valuing a maximum of Rs. (Rupees

Lease Facility is the amount specified on the front page under the heading "Total Lease Facility".

Lease Facility as defined in Section 2A of the Master Lease.

Lease Facility means the lease facility made available by the Lessor pursuant to the Sale Agreement and the Lease;