Lessor Amount definition

Lessor Amount is defined in Section 3.2 of the Participation Agreement.

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Lessor Amount means, as of any date of determination, the aggregate amount of the Advance made by Lessor from its Lessor Commitment pursuant to Section 3.1 of the Original Participation Agreement, net of any distributions (other than distributions of Yield) with respect thereto.

Lessor Amount means as of any date, the aggregate amount of Lessor Fundings made or deemed made by Lessor pursuant to Section 1 of the Participation Agreement (not including any proceeds of the Loans made to Lessor) less any payments of any Lessor Fundings received by the Lessor pursuant to the Operative Agreements.

Examples of Lessor Amount in a sentence

• Each Participant hereby acknowledges that its Rent Assignment Contribution Amount or Lessor Amount, as the case may be, may be so prepaid without any prepayment premium or charge (other than Break Costs, if any).

• No amounts paid or prepaid with respect to the Lessor Amount or the Rent Assignment Contribution Amount may be readvanced.

• The making of any Rent Assignment Contribution or the advancing of the Lessor Amount by a Participant on any Advance Date shall constitute an affirmation by such Participant of the preceding representations and warranties.

• The conditions precedent to such Advance and the related Lessor Amount and Rent Assignment Contributions set forth in Article VI have been satisfied or waived in accordance with the Operative Documents.

• The Administrative Agent may deem and treat the payee of any Rent Assignment Contribution Amount or Lessor Amount as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent, in accordance with the Rent Assignment Agreement.

• If no Successor Rate is agreed to by Administrative Agent and ▇▇▇▇▇▇, the Rent Assignment Contribution Amount and the Lessor Amount will be deemed to bear Yield on an Alternate Base Rate basis until a Successor Rate is so agreed to by Administrative Agent and ▇▇▇▇▇▇.

More Definitions of Lessor Amount

Lessor Amount means, as of any date of determination, the aggregate amount of the Advance made by Lessor from its Lessor Commitment pursuant to Section 3.1 of the Participation Agreement, net of any distributions (other than distributions of Yield) with respect thereto.

Lessor Amount in immediately available funds equal to the Lessor's Commitment Percentage of the amount of the Advance being funded on such Acquisition Date. Notwithstanding any other provision hereof, the Lessor shall not be obligated to make available any Lessor Amount if, after giving effect to the proposed Lessor Amount, the outstanding aggregate amount of the Lessor Amounts would exceed the Lessor Commitment.

Lessor Amount shall have the meaning assigned to such term in the ADS Participation Agreement.

Lessor Amount shall have the meaning assigned to such term in the ADS Participation Agreement.