Retained Leases definition
Examples of Retained Leases in a sentence
Effective June 1, 1998, EPCO and EPD OLP entered into one or more Sublease Agreements (the “Sublease Agreements”), pursuant to which EPCO agreed to sublease to EPD OLP the equipment covered by the Retained Leases.
EPCO has assigned to EPD OLP all options held by EPCO to purchase any and all equipment subject to the Sublease Agreements and the Retained Leases.
Each Loan Party shall use its commercially reasonable efforts to obtain the consent of the respective lessors to the assignment of each of the Retained Leases (as defined in Schedule 8.1.16) from the Current Lessee (as defined in Schedule 8.1.16) to the New Lessee (as defined in Schedule 8.1.16) as promptly as practicable after the Closing Date.
At the Closing, Limited Brands will enter into (and will cause Express to enter into) the Retained Leases Assignment and Assumption Agreement.
Any Liabilities of Sellers with respect to Retained Leases and, with respect to the period prior to Closing, also Transferred Leases.