Substitute Lease Contract definition

Substitute Lease Contract. The meaning set forth in Section 3.04(b) hereof.
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Substitute Lease Contract. The meaning specified in the Lease Acquisition Agreement.
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Substitute Lease Contract. A Lease Contract from which a Substitute Lease Receivable is derived.
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Examples of Substitute Lease Contract in a sentence

  • On April 11, 2013, the parties met with a mediator from the State Mediation and Conciliation Service, but mediation was unsuccessful.

  • The Removal Price for a purchased Lease Contract and the related Equipment shall be paid, and any Substitute Lease Contract shall be delivered, by the Company to the Transferor in accordance with Section 3.04(c) hereof.

  • The Purchase Price for a purchased Lease Contract and the related Equipment shall be paid, and any Substitute Lease Contract shall be delivered, by the Company to the Issuer in accordance with Section 3.04(c) hereof.

  • The Purchase Price for a purchased Lease Contract and the related Equipment or Leased Vehicle shall be paid, and any Substitute Lease Contract shall be delivered, by the Company or the applicable Contributor to the Transferor in accordance with Section 3.04(c) hereof.

  • The Purchase Price for a purchased Lease Contract shall be paid, and any Substitute Lease Contract shall be delivered, by the Contributor to the Issuer in accordance with Section 3.04(c) hereof.

  • The Purchase Price for a purchased Lease Contract and the related Equipment shall be paid, and any Substitute Lease Contract shall be delivered, by the Company or the applicable Contributor to the Issuer in accordance with Section 3.04(c) hereof.

  • Otherwise, the Company shall purchase such Lease Contract from the Issuer or replace such Lease Contract with a Substitute Lease Contract in accordance with Section 3.04(c) hereof.

  • Concurrently with LFG's assignment to LFC VI of any Substitute Lease Contract under the Lease Acquisition Agreement, LFC VI shall promptly assign to the Issuer the Substitute Lease Receivable derived from such Substitute Lease Contract and a security interest in the Related Security of such Substitute Lease Receivable.

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  • If LFG (i) is required to repurchase any Lease Contract or (ii) instead elects to assign to LFC VI a Substitute Lease Contract pursuant to the terms of the Lease Acquisition Agreement, then LFC VI shall promptly enforce such requirement or election thereunder.


More Definitions of Substitute Lease Contract

Substitute Lease Contract means any Lease Contract substituted ------------------------- pursuant to Section 2.03. ------------- "Substitution Criteria" shall be satisfied with respect to any ---------------------- Substitute Lease Contract if such Substitute Lease Contract shall: (i) be an Eligible Lease Contract; (ii) be with respect to types of Equipment and types of Leases represented in the pool of Lease Contracts previously pledged to Trustee pursuant to this Agreement; (iii) be with a Lessee whose credit is equal to or better than that of the Lessee under the withdrawn Lease Contract; (iv) be accompanied by a supplement to this Agreement substantially in the form of Exhibit "H" hereto subjecting such Lease ---------- Contract to the provisions hereof and providing with respect to such Substitute Lease Contract the information required in the Lease Schedule; (v) not have been selected using procedures that identified the Lease Contracts as being less desirable or valuable than other comparable equipment leases owned by Rockford; (vi) have a Discounted Lease Contract Balance at least equal to the Discounted Lease Contract Balance of the Lease Contract being withdrawn; and (vii) have a remaining term that is substantially equal to (but not greater than) the remaining term of the Lease Contract being withdrawn.
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Substitute Lease Contract. The meaning specified in the Contribution Agreement.
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Substitute Lease Contract. The meaning specified in the Lease Acquisition Agreement. "Tangible Net Worth": The excess of (a) the tangible assets of the Servicer and any subsidiaries calculated in accordance with GAAP, as reduced by adequate reserves in each case where reserves are proper, over (b) all indebtedness (including subordinated debt) of the Servicer and its subsidiaries; provided, however, that (i) in no event shall there be included in the above calculation any intangible assets such as patents, trademarks, trade names, copyrights, licenses, goodwill, organizational costs, advances or loans to, or receivables from, directors, officers, employees or subsidiaries (other than subsidiaries that are special purpose entities owned by the Servicer or any subsidiary thereof), prepaid assets, amounts relating to covenants not to compete, pension assets, deferred charges or treasury stock or any securities of the Servicer or any other securities unless the same are readily marketable in the United States of America or entitled to be used as a credit against federal income tax liabilities, (ii) securities included as such intangible assets shall be taken into account at their current market price or cost, whichever is lower, and (iii) any write-up in the book value of any assets shall not be taken into account. "Targeted Balance": For each Payment Date occurring in the Amortization Period, the amount indicated for such Payment Date on the Targeted Balance Schedule "Targeted Balance Schedule": The schedule prepared by the Certificate Funding Administrator at the close of the Funding Period in accordance with Section 3.03(c) hereof. "Terms Schedule": Schedule II attached hereto. "Transaction Documents": The Agreement, the Servicing Agreement, the Lease Acquisition Agreement, the Certificates, the Insurance Agreement, the Certificate Insurance Policy and the Certificate Funding Administration Agreement. "Transaction Documents Date": March 1, 1997. "Transferor": GF Funding Corp. III, and all successors thereto in accordance with the terms hereof. "Transferor Certificate": The Certificate substantially in the form of Exhibit C attached hereto executed by the Transferor and authenticated by the Trustee. "Transferor Order" and "Transferor Request": A written order or request signed in the name of the Transferor by its President or a Vice President, and delivered to the Trustee. "Transition Cost": Any documented expenses reasonably incurred by a successor Servicer, the Trustee or MBIA in co...
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Substitute Lease Contract means any Lease Contract substituted pursuant to Section 2.03.
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Related to Substitute Lease Contract

  • Lease contract means the total legal obligation that results from the lease agreement as affected by this article and any other applicable rules of law. Unless the context clearly indicates otherwise, the term includes a sublease contract.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • Installment lease contract means a lease contract that authorizes or requires the delivery of goods in separate lots to be separately accepted, even though the lease contract contains a clause "each delivery is a separate lease" or its equivalent.

  • Site Lease means the lease of part of the Site from the Minister for Finance on behalf of the State to the Company;' ;

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

  • Sale Contract means a contract providing for the sale of one or more projects to one or more contracting parties and includes a contract providing for payment of the purchase price in one or more installments. If the sale contract permits title to the project to pass to the other contracting party or parties prior to payment in full of the entire purchase price, it shall also provide for the other contracting party or parties to deliver to the municipality or to the trustee under the indenture pursuant to which the bonds were issued one or more notes, debentures, bonds or other secured or unsecured debt obligations of such contractingparty or parties providing for timely payments, including without limitation, interest thereon for the balance of the purchase price at or prior to the passage of such title.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Lease Supplement means a Lease Supplement, substantially in the form of Schedule 2 hereto, to be entered into between Lessor and Lessee on the Delivery Date for the purpose of leasing the Aircraft under and pursuant to the terms of this Agreement, and any subsequent Lease Supplement entered into in accordance with the terms of this Agreement.

  • Operating Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which is not a Capital Lease.

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Approved Lease means (a) each existing Lease as of the Closing Date as set forth in the Leasing Affidavit and (b) each Lease entered into after the Closing Date in accordance with the terms and conditions contained in Section 9.09 as such leases and related documents shall be Modified as permitted pursuant to the terms of this Agreement.

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • Substitute Aircraft Has the meaning specified in the NPA.

  • Eligible Lease means, as of any date of determination, a Lease for a Property that satisfies all of the following:

  • Eligible Ground Lease means a ground lease that (a) has a minimum remaining term of twenty-five (25) years, including tenant controlled options, as of any date of determination, (b) has customary notice rights, default cure rights, bankruptcy new lease rights and other customary provisions for the benefit of a leasehold mortgagee or has equivalent protection for a leasehold permanent mortgagee by a subordination to such leasehold permanent mortgagee of the landlord’s fee interest, and (c) is otherwise acceptable for non-recourse leasehold mortgage financing under customary prudent lending requirements. The Eligible Ground Leases as of the date of this Credit Agreement are listed on Schedule EG.

  • Equipment Leases has the meaning set forth in Section 2.1.9.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Loan Contract means any written agreement under which a qualified lender lends or agrees to lend funds to a borrower in consideration for, among other things, the borrower’s promise to repay the loaned funds at an agreed- upon rate of interest.

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • Eligible Substitute Mortgage Loan With respect to a Mortgage Loan substituted by the Transferor for a Deleted Mortgage Loan, a Mortgage Loan which must, on the date of such substitution, (i) have a Principal Balance, (or, in the case of a substitution of more than one mortgage loan for a Deleted Mortgage Loan, an aggregate Principal Balance), not in excess of, and not more than 10% less than the Principal Balance of the Deleted Mortgage Loan; (ii) be accruing interest at a rate no lower than and not more than 1% per annum higher than, that of the Deleted Mortgage Loan; (iii) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (iv) have a remaining term to maturity no greater than (and not more than one year less than that of) the Deleted Mortgage Loan; (v) comply with each representation and warranty set forth in Section 2.03 hereof; (vi) be the same credit grade category as the Deleted Mortgage Loan; (vii) have the same prepayment penalty term; and (viii) not be a Cooperative Mortgage Loan unless the Deleted Mortgage Loan was a Cooperative Mortgage Loan.

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.