TRAC Leases definition

TRAC Leases means leases of tractors, trailers, containers, chassis and/or other similar transportation equipment for which the rental obligations of the lessee thereunder constitute Capitalized Lease Obligations of such lessee.
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TRAC Leases means leases of the Borrower or its Subsidiaries for Rolling Stock, motorized equipment and aircraft, which contain a terminal rental adjustment clause for the adjustment of lease payments upon its termination.
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TRAC Leases means any lease agreements with respect to motor vehicles leased from time to time by Borrower (or an Affiliate thereof), as lessee, and Lender (or an Affiliate of Lender), as lessor.
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Examples of TRAC Leases in a sentence

  • Sellers have made available to Buyer current, correct and complete copies of all TRAC Leases and all amendments, modifications, renewals and addenda to such TRAC Leases.

  • Exhibit A-3 contains, and the Closing List as of the Closing Date will contain, a fair, complete and accurate list of all TRAC Lease Transportation Equipment and TRAC Leases and a fair, complete and accurate description of the information disclosed under the categories addressed therein.

  • Each Seller has valid and effective TRAC Leases relating to all of the TRAC Lease Transportation Equipment which it purports to lease as lessee as of the date hereof as set forth on Exhibit A-3 hereto and, as of the Closing Date, will have valid and effective leasehold interests pursuant to the relevant TRAC Leases to all of the TRAC Lease Transportation Equipment listed on the Closing List.

  • We can provide loans, fair market value leases, TRAC or Split TRAC Leases, Capital Leases.


More Definitions of TRAC Leases

TRAC Leases means the TRAC leases which relate to the TRAC Leased Transportation Equipment, pursuant to which a Seller is lessee, all of such TRAC Leases as of the date hereof being listed and described on Exhibit A-3 hereto.
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