Split Lease definition

Split Lease means any lease to which an Owner Container is subject that also relates to containers that are not Owner Containers.
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Split Lease has the meaning given to it in Clause 14.5;
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Split Lease. Means a lease agreement, (i) a portion of which relates to Equipment which has been transferred to the Trust and (ii) a portion of which relates to Equipment which has not been transferred to the Trust; provided, however, that a master lease (as referred to in the definitions of Original Contract, Additional Contract and Replacement Contract ) which consists of multiple contract or equipment schedules shall not constitute a “Split Lease” to the extent that each associated schedule relates to equipment which has been transferred to the Trust in its entirety or has not been transferred to the Trust at all; provided, further, however, that a lease agreement, a portion of which related to Equipment which has been transferred to the Trust and allocated to a SUBI Certificate subject to the lien of the Indenture and a portion of which relates to Equipment which has been transferred to the Trust but has not been allocated to a SUBI Certificate subject to the lien of the Indenture shall not constitute a “Split Lease”.
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Examples of Split Lease in a sentence

  • Notwithstanding anything contained in this Section 13.4 to the contrary, neither the Manager nor any Submanager shall have any obligation to make available to any such Replacement Manager the original chattel paper copy of any Lease that is a Split Lease.

  • Unless the context clearly indicates otherwise, all references to the “Lease" in the Split Lease and in this First Amendment shall hereinafter be deemed to refer to the Split Lease, as amended hereby.

  • At such time as the Avon Lake Lot Split is completed, the Seller will deliver to Purchaser a Deed for the Avon Lake PP&S Property in the form that would have been delivered at Closing and subject only to the Permitted Liens that would have been in effect at Closing (other than the cross easements contemplated below) and the Lot Split Lease will terminate.

  • The Parties shall execute such documents as reasonably requested by either Party to confirm the termination of the Lot Split Lease and remove the memorandum of lease for the Lot Split Lease of record.


More Definitions of Split Lease

Split Lease. Means a lease agreement, (i) a portion of which relates to Equipment which is included in the Collateral and (ii) a portion of which relates to equipment which is not included in the Collateral; provided, however, that a master lease (as referred to in the definitions of Original Contract, Additional Contract and Replacement Contract) which consists of multiple contract or equipment schedules shall not constitute a “Split Lease” to the extent that each associated schedule relates to equipment which is entirely included in the Collateral or is entirely excluded from the Collateral.
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Split Lease. Any lease to which a Sold Container is subject that also relates to Containers that are not Sold Containers.
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