Examples of Portfolio Lease in a sentence
Stabilized Portfolio Lease Expiration Schedule by Region($ in thousands, except for annualized rent per sq.
On the Closing Date and during the term of this Agreement, the Borrower shall be the sole legal and beneficial owner of and shall have good and marketable title to each Portfolio Railcar and Portfolio Lease and all of its other material properties and assets, except, in the case of assets other than Portfolio Railcars and Portfolio Leases, for minor defects in title that do not interfere with its ability to conduct its business as currently conducted.
Stabilized Portfolio Lease Expiration Summary (1)($ in thousands, except for annualized rent per sq.
A Responsible Officer of the Borrower shall have certified to the Agent and each Lender that (i) each Railcar which is to become a Portfolio Railcar on such Funding Date is an Eligible Railcar and (ii) each Lease which is to become a Portfolio Lease on such Funding Date is an Eligible Lease.
Any Portfolio Lease which was not in place as of the applicable Funding Date (and described in the applicable Notice of Borrowing) (a “Follow-On Lease”) (i) will be an Eligible Lease, (ii) will only be a lease of Eligible Railcars and (iii) will have satisfied the conditions precedent described in Section 4.03 hereof.
Stabilized Portfolio Lease Expiration Summary (1)(2)($ in thousands, except for annualized rent per sq.
The Borrower also shall notify and instruct each Lessee that all payments due or to become due under each Portfolio Lease (except for Excepted Payments (which shall be payable to the Persons for whose benefit any such payment is made)) or otherwise in respect of amounts and other receivables of the Borrower are to be made directly to the Customer Payments Account (or, after the occurrence of the Customer Collections Account Administration Agreement Severance, the Collection Account).
Each Party agrees that all Warranty Proceeds shall be paid to such person and applied in accordance with the provisions the relevant Portfolio Lease.
The Borrower shall not, and the Borrower shall procure that no Owner or Intermediate Lessor shall, purchase, directly or indirectly, any aircraft, engines or other assets other than the Aircraft and the rights related thereto (other than any acquisition of parts and/or Engines that is expressly contemplated pursuant to the terms of any Portfolio Lease).
The Borrower also shall notify and instruct each Lessee that all payments due or to become due under each Portfolio Lease (except for Excepted Payments (which shall be payable to the Persons for whose benefit any such payment is made)) or otherwise in respect of amounts and other receivables of the Borrower are to be made directly to the Customer Payments Account.