Non-Integral definition
Examples of Non-Integral in a sentence
Excluding in each case, Non-Integral Equipment, all Modifications shall immediately and without further action upon their incorporation into any Property (1) become property of Lessor, (2) be subject to this Lease and (3) be titled in the name of Lessor.
The Agent is hereby authorized and directed by all the Secured Parties to grant releases requested from time to time by the Lessee from the Liens of the Security Documents with respect to Non-Integral Equipment which has not been financed with any Advance or with any Casualty proceeds, Condemnation proceeds or insurance proceeds from insurance policies required to be maintained pursuant to the Operative Agreements.
The Borrower will not sell, assign, convey, lease, allow the use of or otherwise transfer any property except for the Platform Use Agreement and the disposition of certain Non-Integral Modifications (as such term is defined in the Platform Use Agreement) pursuant to Section 9.3 of the Platform Use Agreement.
In all cases, Lessee, at its own cost and expense, will pay for the repairs of any damage to any Property caused by the removal or attempted removal of any Non-Integral Equipment.
Prior to the Agent’s execution and delivery of any such release, the Lessee must certify in writing to the Financing Parties that the subject property is in fact Non-Integral Equipment which has not been financed with any Advance or with any Casualty proceeds, Condemnation proceeds or insurance proceeds from insurance policies required to be maintained pursuant to the Operative Agreements.
Without further action, any and all additional Equipment funded under the Operative Agreements and any and all additional Improvements which are not Non-Integral Equipment made to the Land shall be deemed to be titled to the Lessor and subject to the terms and conditions of the Lease and this Lease Supplement.
Unless the Majority Secured Parties object to the characterization of any item as Non-Integral Equipment which has not been financed with any Advance or with any Casualty proceeds, Condemnation proceeds or insurance proceeds from insurance policies required to be maintained pursuant to the Operative Agreements within ten (10) Business Days of their receipt of such Lessee certification, then the Agent is hereby directed by the Majority Secured Parties to execute and deliver such release to the Lessee.