Precedent Lease definition

Precedent Lease has the meaning given to such term in Section 5.03(e) hereof.

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Precedent Lease has the meaning assigned to such term in Section 3(b) of Schedule 2.02(a) to the Servicing Agreement.

Precedent Lease means (i) the lease under which an Aircraft is leased at the time such Aircraft becomes subject to the financing provided herein; or (ii) in connection with the leasing of an Aircraft to a Person that is or has been a lessee of aircraft from any Borrower Subsidiary, a form of lease substantially similar to the prior or pre-existing lease to such lessee from such lessor.

Examples of Precedent Lease in a sentence

Provided that the Servicer commences the negotiation of a Lease of any Aircraft Asset in accordance with clauses (b)(i) and (b)(ii) above, the terms of any executed Lease may vary from the terms of the Pro Forma Lease or the Precedent Lease.
Provided that the Servicer commences the negotiation of a Lease of any Aircraft Asset in accordance with clauses (b)(i) and (b)(ii) above, the terms of any executed Lease may vary from the terms of the GFL Pro Forma Lease or the Precedent Lease employed by the Servicer in accordance with such clauses.
Provided that the Servicer commences the negotiation of a Lease of any Aircraft Asset in accordance with clauses (b)(i) and (b)(ii) above, the terms of any executed Lease may vary from the terms of the Company Pro Forma Lease or the Precedent Lease employed by the Servicer in accordance with such clauses.
Provided that the Servicer commences the negotiation of a Lease of any Aircraft Asset in accordance with clauses (b)(i) and (b)(ii) above, the terms of any executed Lease may vary from the terms of the GAL Pro Forma Lease or the Precedent Lease employed by the Servicer in accordance with such clauses.
SCHEDULE 2.02(a) TO SERVICING AGREEMENT Provided that the Servicer commences the negotiation of a Lease of any Aircraft Asset in accordance with clauses (b)(i) and (b)(ii) above, the terms of any executed Lease may vary from the terms of the Pro Forma Lease or the Precedent Lease employed by the Servicer in accordance with such clauses.
Provided that the Servicer commences the negotiation of a Lease of any Aircraft Asset in accordance with clauses (b)(i) and (b)(ii) above, the terms of any executed Lease may vary from the terms of the Genesis Pro Forma Lease or the Precedent Lease employed by the Servicer in accordance with such clauses.

More Definitions of Precedent Lease

Precedent Lease has the meaning assigned to such term in Article 3 of Schedule 2.02(a) to this Agreement.

Precedent Lease has the meaning assigned to such term in Article 3 of Schedule 2.02