TSFC definition
Examples of TSFC in a sentence
TSFC may, from time to time, agree with a Lessee under a Lease that the Equipment subject to such Lease shall be upgraded or that additional Eligible Equipment should be added to such Lease.
If TSFC has not remarketed any Equipment at the conclusion of the Remarketing Period, upon notice from Lender, TSFC's exclusive right to remarket shall terminate and Lender shall have the right to remarket such Equipment on terms and conditions satisfactory to it.
The Operating Agreement, duly executed by CCI/Triad, TSFC, SPE, and Lender.
The obligations of TSFC to remarket such Equipment for sale or lease shall include, but not be limited to, efforts to sell such Equipment, preparation and supervision of the documentation of each transaction and an accounting of the activities referred to in this Section 10.1, including information relative to the status of negotiations for offers made in respect of such Equipment.
As soon as available, SPE shall cause TSFC to deliver to Lender any changes in account status for any Leases then outstanding that TSFC becomes aware of from time to time.
Both SPE and TSFC have the full power, authority and legal right to enter into and perform its obligations under each Operative Document.
SPE shall cause TSFC to give no less priority to remarketing Equipment pursuant to this Section 10.1 than it would similar equipment owned, leased or managed by TSFC.
Upon request of Lender, SPE shall cause TSFC to furnish Lender written evidence of such payment.
Each Operative Document has been duly authorized and upon execution and delivery will constitute legal, valid and binding obligations, enforceable against it, TSFC and CCI/Triad in accordance with the terms thereof.
If TSFC and such Lessee amend such Lease to increase the Rent payable thereunder in consideration of such upgrade or addition, SPE may request that Lender finance the additional Lease Proceeds arising under such amendment ( the "Lease Amendment") attributable to such increase in Rent.