Synthetic Lease Documentation definition

Synthetic Lease Documentation means the 2006 Synthetic Lease and all other “Operative Documents” (as such term is defined in Appendix A to the 2006 Synthetic Lease), in each case as amended, supplemented or otherwise modified from time to time in accordance with the terms hereof.
Sample 1Sample 2Sample 3
Synthetic Lease Documentation means any master agreement, lease agreement, loan agreement or other document or instrument evidencing or governing any Synthetic Lease Financing.
Sample 1Sample 2Sample 3
Synthetic Lease Documentation means the 2006 Synthetic Lease and all other “Operative Documents” (as such term is defined in Appendix A to the 2006 Synthetic Lease), in each case as amended, supplemented or otherwise modified from time to time in accordance with the terms hereof
Sample 1

Examples of Synthetic Lease Documentation in a sentence

  • The Administrative Agent shall have received duly executed copies of the Synthetic Lease Documentation, including the Synthetic Lease Amendment, in form and substance reasonably acceptable to the Administrative Agent.

  • The Borrower Representative has delivered to the Administrative Agent a complete and correct copy of any agreements governing the Existing Euro Notes and the 2006 Synthetic Lease, including the Existing Euro Notes Documentation and the Synthetic Lease Documentation, and including any material amendments, supplements or modifications with respect to any of the foregoing.

  • Section 8.03 of the Credit Agreement is amended by (x) deleting the "and" at the end of clause (l) thereof; (y) changing the period at the end of clause (m) thereof to read "; and"; and (z) adding a new clause (n) to read: "(n) Liens on assets of the Borrower and the Subsidiary Guarantors created pursuant to the Synthetic Lease Documentation." 3.

  • The Borrower Representative has delivered to the Administrative Agent a complete and correct copy of any agreements governing the Euro Notes Documentation and the Synthetic Lease Documentation, including any material amendments, supplements or modifications with respect to any of the foregoing.

  • Section 8.04 of the Credit Agreement is amended by (x) deleting the "and" at the end of clause (h); (y) changing clause "(i)" to read clause "(j)"; and (z) adding a new clause (i) to read: "(i) Indebtedness of the Borrower and each Subsidiary Guarantor created pursuant to the Synthetic Lease Documentation; and" 4.


More Definitions of Synthetic Lease Documentation

Synthetic Lease Documentation means each and every document and instrument evidencing and/or governing the transactions described below provided that all such documents and instruments shall be satisfactory to the Agent: (i) the incurrence of up to $48.5 million of indebtedness by a trust (or other Person) not an Affiliate of the Borrower ("XX Xxxxxx") to finance the purchase and/or construction of land and/or distribution centers (collectively, the "SL Properties") for lease as provided in clause (iii) below; (ii) the guaranty by each of the Credit Parties of the indebtedness described in clause (i) above, which guaranty shall be secured by a Lien on all the Collateral (other than the Mortgaged Properties) that is pari passu to the Lien on the Collateral securing the obligations of the Credit Parties under the Credit Document; (iii) the lease by XX Xxxxxx of the SL Properties to a lessee that shall be either the Borrower or a Subsidiary Guarantor (the "SL Lessee") pursuant to a master lease and supplements thereto providing for a rental stream sufficient to repay the indebtedness described in clause (i) above and related interest and fees and to return up to $1.5 million of equity contributions made to XX Xxxxxx and a specified return thereon; and (iv) the unsecured guaranty by each of the Credit Parties other than SL Lessee of SL Lessee's obligations under the master lease referred to in clause (iii) above. 5. In order to induce the Banks to enter into this Amendment, the Borrower (x) represents and warrants that no Default or Event of Default exists on the Effective Date referred to below after giving
Sample 1

Related to Synthetic Lease Documentation

  • Synthetic Lease means any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing arrangement whereby the arrangement is considered borrowed money indebtedness for tax purposes but is classified as an operating lease or does not otherwise appear on a balance sheet under GAAP.

  • Synthetic Lease Obligations means, as to any person, an amount equal to the capitalized amount of the remaining lease payments under any Synthetic Lease that would appear on a balance sheet of such person in accordance with GAAP if such obligations were accounted for as Capital Lease Obligations.

  • Synthetic Leases means, in respect of any Person, all leases which shall have been, or should have been, in accordance with GAAP, treated as operating leases on the financial statements of the Person liable (whether contingently or otherwise) for the payment of rent thereunder and which were properly treated as indebtedness for borrowed money for purposes of U.S. federal income taxes, if the lessee in respect thereof is obligated to either purchase for an amount in excess of, or pay upon early termination an amount in excess of, 80% of the residual value of the Property subject to such operating lease upon expiration or early termination of such lease.

  • Synthetic Lease Obligation means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property (including sale and leaseback transactions), in each case, creating obligations that do not appear on the balance sheet of such Person but which, upon the application of any Debtor Relief Laws to such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment).

  • Operating Lease Obligations means all obligations for the payment of rent for any real or personal property under leases or agreements to lease, other than Capitalized Lease Obligations.

  • Financing Lease Obligation means, as applied to any Person, an obligation that is required to be accounted for as a financing or capital lease (and, for the avoidance of doubt, not a straight-line or operating lease) on both the balance sheet and income statement for financial reporting purposes in accordance with GAAP. At the time any determination thereof is to be made, the amount of the liability in respect of a financing or capital lease would be the amount required to be reflected as a liability on such balance sheet (excluding the footnotes thereto) in accordance with GAAP.

  • Non-Financing Lease Obligation means a lease obligation that is not required to be accounted for as a financing or capital lease on both the balance sheet and the income statement for financial reporting purposes in accordance with GAAP. For the avoidance of doubt, a straight-line or operating lease shall be considered a Non-Financing Lease Obligation.

  • Finance Lease Obligations of a Person means the amount of the obligations of such Person under Finance Leases which would be shown as a liability on a balance sheet of such Person prepared in accordance with GAAP.

  • Finance Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a finance lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) in accordance with GAAP as in effect as of the applicable time of determination.

  • Capital Lease Obligations of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

  • Lease Documents has the meaning set forth in the Basic Servicing Agreement; provided that such definition shall refer only to lease documents related to Leases allocated to the 20[●]-[●] Lease SUBI.

  • Lease Obligations of a Person means for any period the rental commitments of such Person for such period under leases for real and/or personal property (net of rent from subleases thereof, but including taxes, insurance, maintenance and similar expenses which such Person, as the lessee, is obligated to pay under the terms of said leases, except to the extent that such taxes, insurance, maintenance and similar expenses are payable by sublessees), including rental commitments under Capital Leases.

  • Capitalized Lease Obligations means, with respect to any Person, obligations of such Person and its Subsidiaries under Capitalized Leases, and, for purposes hereof, the amount of any such obligation shall be the capitalized amount thereof determined in accordance with GAAP.

  • Capital Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized on a balance sheet in accordance with GAAP.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Financing Lease any lease of property, real or personal, the obligations of the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee.

  • Capitalized Lease Obligation means, as to any Person, the obligations of such Person under a lease that are required to be classified and accounted for as capital lease obligations under GAAP and, for purposes of this definition, the amount of such obligations at any date shall be the capitalized amount of such obligations at such date, determined in accordance with GAAP.

  • Project financing gap means the part of the total project cost,

  • Facility Leases means agreements for the lease by the Company or any of its Subsidiaries or Joint Ventures of real estate utilized as a vehicle parking facility and/or for ancillary parking and transportation services.

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

  • Facility Agreements means the agreements of that name between the Issuer and different

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • Credit Improved Obligation means any Collateral Debt Obligation which, in the Investment Manager’s judgment, has significantly improved in credit quality and in respect of which one of the following is satisfied:

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Management Agreement means the agreement of the Directors in the form attached hereto as Schedule C. The Management Agreement shall be deemed incorporated into, and a part of, this Agreement.

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