Lessor Group definition
Examples of Lessor Group in a sentence
Provided that in determining whether any request under this proviso is reasonable, the Lessor, in its capacity as an Indemnified Person, shall be entitled to take into account the interests of the other customers of the Lessor Group, in its absolute discretion acting in good faith, and the future liability to Tax of the members of the Lessor Group.
Notwithstanding the above, the Lessor shall not be obliged to take any such action where the Lessor notifies the Lessee that it considers in its conclusive opinion but acting in good faith that it is or would be materially prejudicial to the interests of the Lessor Group or any member thereof for such action to be taken.
Lessor Group and EagleCare agree to indemnify and hold Lessee Group harmless from all claims, liabilities, penalties, assessments, and costs relating to or arising out of Lessor Group's or EagleCare's failure to perform this covenant between the date of execution of this Agreement and the Effective Date, except as expressly provided to the contrary herein.
Contemporaneous with the final execution hereof by the Debtors, SAVVIS and GECC, on behalf of the Lessor Group (the "Execution Date"), such parties, together with ___________________________________ as escrow agent (the "Escrow Agent"), shall enter into an escrow agreement substantially the form attached hereto as Exhibit B (the "Escrow Agreement").
Upon the Effective Date, GECC, on behalf of the Lessor Group, shall release their security interest in any and all collateral including the Master Lease Collateral (other than the SAVVIS Sublease Lease, SAVVIS Sublease Payments, SAVVIS Subleased Equipment and the Escrow Funds), the Reuters Sale Proceeds (other than those amounts payable to it pursuant to paragraphs 1, 3.b., 3.c. and 4 hereof), and any collateral granted to either GECC or the Lessor Group as adequate protection in the Chapter 11 Cases.