Leveraged Lease definition

Leveraged Lease means a lease, sublease, concession, management agreement, operating agreement or other similar arrangement in which the Lessor has borrowed a portion of the purchase price of the interest in the Concessionaire Interest acquired by the Lessor and granted to the lenders of those funds a security interest in that interest.

Leveraged Lease means (a) any lease that is collateral for indebtedness through which the lessor financed or acquired an asset and to which the Company, any of its Affiliates or any Company Joint Venture is a party and (b) all Contracts and documents entered into by the Company, any of its Affiliates or any Company Joint Venture with the lessee or an Affiliate of the lessee in connection with the transactions contemplated by such lease.

Leveraged Lease means a lease of tangible personal property in which the Company or a Subsidiary (or an owner-trustee holding legal title for the benefit of the Company or a Subsidiary) as owner and lessor shall have acquired such property in whole or in part with funds borrowed from one or more lenders, each of which shall agree that such loan is payable exclusively from the rentals paid by the lessee or lessees of such property or, upon default of such lessee or lessees, from the proceeds of sale of such property, and shall agree that such loan is made absolutely without recourse to the lessor, any affiliated entity, or, if present, any owner-trustee.

Examples of Leveraged Lease in a sentence

• Any balance of such Proceeds in a subaccount remaining after applicable Leveraged Lease Obligations shall have been paid in full shall be paid over to the Pledgor or to whomsoever may be lawfully entitled to receive the same.

• The Subordinated Parties shall not have any subrogation or other rights as a holder of Senior Claims, and each Subordinated Party hereby irrevocably waives all such rights of subrogation and all rights of reimbursement or indemnity whatsoever and all rights of recourse to any security for any Senior Claims, until such time as all Senior Leveraged Lease Obligations shall have been paid in full.

• This Agreement shall terminate when all Senior Leveraged Lease Obligations with respect to the Initial Lessor Notes shall have been paid in full.

• Subject to Article XIV of each Participation Agreement, if a Lease Event of Default shall occur and be continuing, the Collateral Agent, on behalf of the Secured Parties, may exercise, in addition to all other rights and remedies granted to them in this Agreement and in any other instrument or agreement securing, evidencing or relating to the applicable Leveraged Lease Obligations, all rights and remedies of a secured party under the New York UCC or any other applicable law.

• Leveraged Lease A leveraged lease is a specialized form of direct financing lease that involves at least three parties: a lessee, a long-term creditor (the debt participant), and a lessor (the equity participant).

More Definitions of Leveraged Lease

Leveraged Lease means, collectively, (i) the Lease Agreement dated as of March 1, 1985 between the Borrower and D&K Financial Corporation as amended from time to time and (ii) the Lease Agreement dated as of March 1, 1985 between the Borrower and Westinghouse Credit Corporation as amended from time to time.

Leveraged Lease means a lease having all of the following characteristics:

Leveraged Lease means the Lease Agreement to be entered into between EDNC and the Owner Trustee (as hereafter defined).

Leveraged Lease means a lease transaction in which the lessor has borrowed a portion of the acquisition cost of the asset leased by the lessee on a non-recourse basis and the lender obtains an assignment of the lease and a mortgage or security interest in the leased asset as collateral for such Indebtedness. “Liabilities” means any losses, claims (including intraparty claims), demands, damages or liabilities of any kind. “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing

Leveraged Lease. Dispute As defined in the Restructuring Support Agreement.

Leveraged Lease has the meaning given to such term in the definition of "Leveraged Lease Transaction" hereof.

Leveraged Lease the leveraged lease with respect to the Geysers Assets pursuant to the Leveraged Lease Documents.