Examples of Sale Recourse Amount in a sentence
In addition, if the Appraiser concludes that the Fair Market Value of such Leased Property as of the Lease Termination Date was in excess of the aggregate Proceeds from the sale of Leased Property, Lessee shall promptly pay to Lessor, as Supplemental Rent, such excess, which together with such Proceeds and the Sale Recourse Amount so paid to Lessor shall not exceed the Lease Balance determined immediately before the application of the foregoing amounts.
Each Participant's determination with respect to an Extension Option Request shall be a new credit determination and within such Participant's sole and absolute discretion and may be conditioned on different pricing, modification of the Sale Recourse Amount and receipt of such financial information, documentation or other information or conditions as may be requested by such Participant including satisfactory appraisals of the Leased Property.
The Claimants plead that, although they are incorporated in the Marshall Islands, they are affected by paragraph 594.204 of the Regulations that imposes prohibitions on “US persons” because they are “owned by investment funds that are ultimately managed and owned by US persons”, including Oaktree CM and Oaktree Capital Group LLC, and because “the individuals who oversee, manage and operate the Claimants are or may be deemed US persons and are therefore required to comply with the [R]egulations”.
If the net Sale Proceeds with respect to any Aircraft are less than the aggregate outstanding Lease Balance for such Aircraft, the Lessee shall pay or shall cause to be paid to Lessor, as Supplemental Rent, on the Expiration Date, in addition to such net Sale Proceeds, an amount equal to the lesser of (x) the Sale Recourse Amount for the Aircraft so sold and (y) the amount by which the Lease Balance for such Aircraft exceeds such net Sale Proceeds actually and irrevocably received by Lessor.
The obligation of Lessee to pay the Sale Recourse Amount shall be a recourse obligation of Lessee and shall be payable on the date provided for in the preceding sentence without regard to the amount of Proceeds.