Lease Receivable definition

Lease Receivable any Receivable (other than an ExIm Bank Receivable) created pursuant to a Contract which is a lease between Raytheon Credit, as lessor, and the Obligor thereunder, as lessee, with respect to the Aircraft described therein, other than any such Receivable which is also a L/C Receivable.

Lease Receivable means any Pool Receivable arising under a lease agreement, under which the related Obligor is the lessee and the Originator, immediately prior to the sale of such Receivable and the related Equipment to the SPV pursuant to the First Tier Agreement, is the lessor.

Lease Receivable means, with respect to any Lease at any time, all Scheduled Payments then or thereafter payable by the Obligor under such Lease, together with all supplemental or additional Payments required to be paid to Lessor by the terms of such Lease with respect to insurance (other than premiums) and other specific charges identified under such Lease, excluding any such payments or charges which constitute sales or other taxes or the price for a purchase option occurring at the end of the term of such Lease unless such payments, charges or price are Scheduled Payments.

Examples of Lease Receivable in a sentence

• Any such breach or failure will be deemed not to have a material and adverse effect if such breach or failure does not affect the ability of the Purchaser to receive and retain timely payment in full on any related Lease Receivable.

• Also VWL warrants as of the Cut-Off Date that each Purchased Lease Receivable is free of defences (see "DESCRIPTION OF THE PORTFOLIO", "Warranties and Guarantees in relation to the Sale of the Purchased Lease Receivables").

• Also VWL warrants as of the Cut- Off Date that each Purchased Lease Receivable is free of defences (see "DESCRIPTION OF THE PORTFOLIO", "Warranties and Guarantees in relation to the Sale of the Purchased Lease Receivables").

• This risk, however, will be mitigated by contractual representations and warranties and the contractual obligation of VWL to pay to the Issuer a Settlement Amount in respect of any Lease Receivable affected by such breach.

• Also VWL warrants as of the Cut-Off Date that each Purchased Lease Receivable is free of defences (see "DESCRIPTION OF THE PORTFOLIO" and "Warranties and Guarantees in relation to the Sale of the Purchased Lease Receivables").

More Definitions of Lease Receivable

Lease Receivable. As of any date of determination, each "Lease Receivable," as that term is defined in the Receivables Purchase Agreement; provided that, from and after the date, if any, on which such Lease Receivable -------- is purchased, removed or substituted by or on behalf of the Issuer in accordance with Section 4.04, such Lease Receivable shall no longer constitute a "Lease Receivable" for purposes of the Servicing Agreement or this Indenture.

Lease Receivable means as to any Borrower or any of its Subsidiaries, any right to payment (including, without limitation, lease, rental, principal, interest, stipulated loss, terminal adjustment of rents, penalties, fees, indemnification amounts or other payments and any payments by a rentee or lessee in respect of the purchase price for related Leased Property) under, or in respect of, any Lease or related Leased Property (including the right to liquidation or residual proceeds of such Leased Property).

Lease Receivable means a Receivable arising under a Vehicle Lease.

Lease Receivable means a Receivable arising from a Lease Agreement and consisting of the then-current lease payment due under the Lease Agreement.

Lease Receivable means any right to payment from a Person, whether constituting an account, chattel paper, instrument, or a general intangible (as such terms are defined under the UCC), arising from the lease of a Lease Device, by any Originator pursuant to a Lease Contract, including any payment obligations of such Person with respect thereto; provided, however that (A) no MTM Lease Receivable shall constitute a Lease Receivable, and (B) no right to payment or other indebtedness owing by a Sanctioned Person shall (i) constitute a Lease Receivable, (ii) be deemed to have been sold or contributed to the Sellers by the Originators pursuant to the Sale Agreement, or (iii) sold or pledged hereunder by the Sellers.

Lease Receivable means, with respect to any Lease at any time, any Periodic Installment of Rent then or thereafter payable by the Obligor under such Lease, or any supplemental or additional payment, if any, required by the terms of such Lease with respect to insurance, maintenance, ancillary products and services and other specific charges, excluding any such payments or charges which constitute sales or use taxes, personal property taxes, or the price for a purchase option.

Lease Receivable means any right to payment from a Person, whether constituting an account, chattel paper, instrument or a general intangible (as such terms are defined under the UCC), arising from the lease of a Lease Device, by any Originator pursuant to a Lease Contract, including any payment obligations of such Person with respect thereto; provided, however that no right to payment or other indebtedness owing by a Sanctioned Person shall (i) constitute a Lease Receivable, (ii) be deemed to have been sold or contributed to the Sellers by the Originators pursuant to the Sale Agreement or (iii) sold or pledged hereunder by the Sellers.