Leasing Facility definition

Leasing Facility means the master lease agreement dated as of March 18, 2009 by and between Triumph Structures - Los Angeles, Inc., as lessee, and Banc of America Leasing & Capital, LLC, as lessor, together with all related notes, letters of credit, collateral documents, Guarantees, and any other related agreements and instruments executed and delivered in connection therewith, in each case as further amended, modified, supplemented, restated, refinanced, refunded or replaced in whole or in part from time to time including by or pursuant to any agreement or instrument that extends the maturity of any Debt thereunder, or increases the amount of available borrowings thereunder (provided that such increase in borrowings is permitted under clause (i), (x) or (xiv) of the definition of the term “Permitted Debt”), or adds Subsidiaries of the Company as additional lessors, borrowers or guarantors thereunder, in each case with respect to such agreement or any successor or replacement agreement and whether by the same or any other agent, lender, group of lenders, purchasers or debt holders.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Leasing Facility means the master lease agreement dated as of March 18, 2009 by and between Triumph Structures - Los Angeles, Inc., as lessee, and Banc of America Leasing & Capital, LLC, as lessor, together with all related notes, letters of credit, collateral documents, Guarantees, and any other related agreements and instruments executed and delivered in connection therewith, in each case as further amended, modified, supplemented, restated, refinanced, refunded or replaced in whole or in part from time to time including by or pursuant to any agreement or instrument that extends the maturity of any Debt thereunder, or increases the amount of available borrowings thereunder ( provided that such increase in borrowings is permitted under clause (i) or (xv) of the definition of the term “Permitted Debt”), or adds Subsidiaries of the Company as additional borrowers or guarantors thereunder, in each case with respect to such

Leasing Facility means any and all financial accommodations now or hereafter made by Chase Leasing to any of the Debtors pursuant to a master lease agreement between such Debtor and Chase Leasing and any equipment schedules executed in connection therewith. Lending Office shall mean, for each type of Loan, the lending office of the Bank (or of an affiliate of the Bank) designated by the Bank as the office by which its Loans of such type are to be made and maintained.

Examples of Leasing Facility in a sentence

• If GECC withholds its consent, FVP will cause all indebtedness outstanding under such Equipment Leasing Facility to be repaid at or before the Closing.

• The Wholesale Leasing Borrowers may repay amounts borrowed under the Wholesale Leasing Facility at any time without penalty prior to the Final Maturity Date.

• Site Characterization and Excavation Report, Penske Truck Leasing Facility, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇.

• Any balance of such Proceeds remaining after the Obligations shall have been paid in full and the USA Leasing Facility has been terminated shall be paid over to USA or to whomsoever may be lawfully entitled to receive the same.

• For clarity, the Borrower shall not be permitted to draw under the Wholesale Leasing Facility by way of Daily Compounded ▇▇▇▇▇ Advances, even if Adjusted Daily Compounded ▇▇▇▇▇ replaces the Term ▇▇▇▇▇ Reference Rate pursuant to clause (b) of the definition of “Benchmark Replacement”.

• Wholesale Leasing Borrower may repay amounts borrowed under the Wholesale Leasing Facility at any time without penalty prior to the Final Maturity Date.

• For clarity, any extension of the Maturity Date shall not limit the Lenders’ right to make demand at any time in respect of the Wholesale Flooring Facility or the Wholesale Leasing Facility, and shall not extend the time for any repayment required hereunder prior to the Maturity Date.

• The Wholesale Leasing BorrowerBorrowers may repay amounts borrowed under the Wholesale Leasing Facility at any time without penalty prior to the Final Maturity Date.

• Any such request of the Agent shall include a requested Assigned Wholesale Leasing Facility Limit by the Representative Borrower to such new Subsidiary, upon becoming a New Borrower, together with (if required) a proposed reallocation of the Assigned Wholesale Leasing Facility Limits of the other Wholesale Leasing Facility Borrowers.

• The Wholesale Leasing Facility is a continuation of the Wholesale Leasing Facility (as such term is defined in the Third Restated Credit Agreement) under the Third Restated Credit Agreement.

More Definitions of Leasing Facility

Leasing Facility means the master lease agreement dated as of March 18, 2009 by and between Triumph Structures - Los Angeles, Inc., as lessee, and Banc of America Leasing & Capital, LLC, as lessor, together with all related notes, letters of credit, collateral documents, Guarantees, and any other related agreements and instruments executed and delivered in connection therewith, in each case as further amended, modified, supplemented, restated, refinanced, refunded or replaced in whole or in part from time to time including by or pursuant to any agreement or instrument that extends the maturity of any Debt thereunder, or increases the amount of available borrowings

Leasing Facility means the master lease agreement dated as of March 18, 2009 by and between Triumph Structures - Los Angeles, Inc., as lessee, and Banc of America Leasing & Capital, LLC, as lessor, together with all related notes, letters of credit, collateral documents, Guarantees, and any other related agreements and instruments executed and delivered in connection therewith, in each case as further amended, modified, supplemented, restated, refinanced, refunded or replaced in whole or in part from time to time including by or pursuant to any agreement or instrument that extends the maturity of any Debt thereunder, or increases the amount of available borrowings thereunder (provided that such increase in borrowings is permitted under clause (i) or (xv) of the definition of the term “Permitted Debt”), or adds Subsidiaries of the Company as additional borrowers or guarantors thereunder, in each case with respect to such agreement or any successor or replacement agreement and whether by the same or any other agent, lender, group of lenders, purchasers or debt holders.