Model Lease definition

Model Lease means the form of the Head Lessee's standard form lease agreement from time to time agreed and initialled by the ECA Facility Agent and the Head Lessee as being the "Model Lease". Mortgage means the Original Mortgage together with any other additional or replacement mortgage over the Aircraft granted in favour of the Security Trustee pursuant to the Transaction Documents. National Agent means the French National Agent, the German National Agent or the British National Agent. National Interest shall have the same meaning as in the Cape Town Convention. Netting Letter means a netting and payment instructions letter between the Head Lessee, the Borrower, the ECA Facility Agent and the Manufacturer, relating to the Aircraft. Net Worth means, at any date of determination, the total stockholders' equity of the Guarantor and its Subsidiaries on a consolidated basis determined in accordance with generally accepted accounting principles adopted and accepted in the United States of America. Net Worth Event means the Net Worth falling below the greater of:
View Source
Model Lease. Mortgage means the Original Mortgage together with any other additional or replacement mortgage over the Aircraft granted in favour of the Security Trustee pursuant to the Transaction Documents. National Agent means the French National Agent, the German National Agent or the British National Agent. National Interest shall have the same meaning as in the Cape Town Convention. Netting Letter means a netting and payment instructions letter between the Head Lessee, the Borrower, the ECA Facility Agent and the Manufacturer relating to the Aircraft. Net Worth means, at any date of determination, the total stockholders' equity of the Guarantor and its Subsidiaries on a consolidated basis determined in accordance with generally accepted accounting principles adopted and accepted in the United States of America. Net Worth Event means the Net Worth falling below the greater of:
View Source

Related to Model Lease

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • special lease means a special lease or license to be granted in terms of this Agreement under the Ratifying Act the Land Act or the ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ and includes any renewal thereof; “this Agreement” “hereof” and “hereunder” include this Agreement as from time to time added to varied or amended;