Examples of User Lease in a sentence
Unless otherwise agreed upon by the Authorized User, Lease Vehicles shall be titled to the Lease Provider throughout the term of the Lease.
If the Servicer shall commence a legal proceeding to enforce a User Lease, the Trust shall thereupon be deemed to have automatically assigned, solely for the purpose of collection on behalf of the Trust, its interest in such User Lease and the related Leased Vehicle to the Servicer to the extent necessary for the purposes of participating in such proceeding.
Describe the provisions of a lease if applicable including the Tenant Company, and Type of User, Lease Type (Gross or Net), Dollar Amount per square foot, Amount of square feet leased, Term of Lease, The status of the Lease (intent or Pre-Leas agreement), Describe the assumptions used for employment projections.
The Servicer shall use commercially reasonable efforts (consistent with its Customary Servicing Practices with respect to similar types of vehicles) to enforce the provisions of the User Leases and to repossess or otherwise take possession of the Leased Vehicle related to any User Lease that shall have terminated or expired or that the Servicer shall have determined (in accordance with its Customary Servicing Practices) to be in default.
In no way detracting from the generality of any other provisions of these Articles of Company, in the event of the Company and/or Propco incurring any legal costs as a result of any breach of these Articles, the Rules and/or the End User Lease by any Member, the Company shall be entitled to recover all such legal costs from such Member on an attorney and own client scale in full whether or not legal action is actually instituted.
In the event that any User Lease becomes a Charged-off Lease or, if earlier, the related Leased Vehicle is repossessed, then the related Security Deposit, to the extent permitted by such User Lease and applicable law, shall thereby become a Collection.
If in any enforcement suit or legal proceeding it is held that the Servicer may not enforce a User Lease on the grounds that it is not the real party in interest or a holder entitled to enforce such User Lease, the Trust shall, at the expense and direction of the Servicer, take steps to enforce the User Lease, including bringing suit in the Trust’s name.
Property Sale AgreementSenior Bond AmountEnd User Lease End User Tenants Seller Figure 6.
So long as no Event of Default shall have occurred ---------- and be continuing, Lessee and any User Lessee shall be entitled, as against Lessor or its assignee, to the possession and use of the Equipment in accordance with and during the term of this Lease; as long as any User Lessee is not in default under the User Lease, the User Lessee shall be entitled to continued possession and use of the Equipment.
The Shari‘a- Compliant Investor may not hold an equity interest in the Residual Interest Purchaser because the Junior Bonds will bear a rate of interest and because the Residual Interest Purchaser will hold an actual or constructive equity interest in the Project Owner (the Project Owner will have non-conforming obligations on the Senior Bonds as well as the Junior Bonds and the Project Owner will be a party to a non-compliant End User Lease with an End User Tenant in a non-conforming business).