Certain Lease Obligations Sample Clauses

Certain Lease Obligations. A. Leases Other than Capitalized Leases Aggregate fixed rental obligations for fiscal year $__________ Minus payments required in respect of taxes and insurance- (_________) (if included above) Total (may not exceed 3% of Consolidated Net Tangible $__________ Assets and the last day of the next preceding fiscal year)
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Certain Lease Obligations. Notwithstanding Sections 3.9(a)(i) and (ii), each of ABX and DHL (and their respective Affiliates, as applicable) shall remain obligated under the terms of each Aircraft Lease Agreement for the costs of complying with Airworthiness Directives and for the costs of satisfying the return condition requirements upon the termination or expiration of each such Aircraft Lease Agreement, in each case, to the extent provided therein.
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Certain Lease Obligations. 29 -ii- TABLE OF CONTENTS (cont'd) Section Page 7. Conditions to Closing................................................29 7.1. Conditions of the Transferee's Obligation to Close..........29 7.2. Conditions of the Transferors' Obligation to Close..........30
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Certain Lease Obligations. From and after the Closing, the Transferee shall indemnify and defend Xxxxxx X. Xxxxxx and Xxxxxxx Xxxxxx (collectively, the "Coopers") against, and hold the Coopers harmless from, any damage, loss, liability, obligation, or expense (including, without limitation, reasonable attorneys' fees and disbursements) which the Coopers may suffer or incur based upon or resulting from the failure of the Company to satisfy any of its obligations under any of the equipment leases set forth on Schedule 6.12 hereto (the "Identified Leases"); provided, however, that the foregoing indemnification with respect to any Indemnified Lease shall not apply to the extent that the Company is in default under such Indemnified Lease as of the Closing Date. In addition, following the Closing, the Transferee shall use its commercially reasonable efforts to cause the Coopers to be released as soon as reasonably practicable from all personal guaranties they have previously provided in favor of the applicable lessors with respect to the Identified Leases.
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Certain Lease Obligations. All obligations of either Deckxx xx Van Houten under the Personal Property Leases arising and to be performed on or after the Closing Date, including obligations of either Deckxx xx Van Houten under leases for Vehicles and those certain operating leases for rolling stock in favor of Meridian Leasing, Inc., Moretran Leasing Corporation and Van Houten arising prior to the Closing Date as are specifically listed in Section 1.02(a)(iii) of the Disclosure Schedule (which shall not be counted toward the $11,400,000 limitation contained in paragraph (a) above); provided, however, that any such other obligations to be performed prior to the Closing Date shall be excluded;
Sample 1

Related to Certain Lease Obligations

  • Operating Lease Obligations On the Effective Date, none of the Loan Parties has any Operating Lease Obligations other than the Operating Lease Obligations set forth on Schedule 6.01(q).

  • Capital Lease Obligations With respect to any Person, the obligations of such Person to pay rent or other amounts under any Capitalized Lease.

  • Lease Obligations The Company shall not, and shall not suffer or permit any Subsidiary to, create or suffer to exist any obligations for the payment of rent for any property under lease or agreement to lease, except for:

  • Capitalized Lease Obligations Sale and Leaseback Transactions, export credit facilities with a maturity of at least one year and Purchase Money Indebtedness of, including Guarantees of any of the foregoing by, the Issuer and/or any Restricted Subsidiary, in an aggregate principal amount at any one time outstanding not to exceed U.S.$1 billion;

  • Capitalized Lease Obligation 3 Commission................................................................ 4

  • Recourse Obligations The Mortgage Loan documents for each Mortgage Loan (a) provide that such Mortgage Loan becomes full recourse to the Mortgagor and guarantor (which is a natural person or persons, or an entity or entities distinct from the Mortgagor (but may be affiliated with the Mortgagor) that collectively, as of the date of origination of the related Mortgage Loan, have assets other than equity in the related Mortgaged Property that are not de minimis) in any of the following events (or negotiated provisions of substantially similar effect): (i) if any petition for bankruptcy, insolvency, dissolution or liquidation pursuant to federal bankruptcy law, or any similar federal or state law, shall be filed by, consented to, or acquiesced in by, the Mortgagor; (ii) the Mortgagor or guarantor shall have solicited or caused to be solicited petitioning creditors to cause an involuntary bankruptcy filing with respect to the Mortgagor or (iii) voluntary transfers of either the Mortgaged Property or controlling equity interests in the Mortgagor made in violation of the Mortgage Loan documents; and (b) contains provisions for recourse against the Mortgagor and guarantor (which is a natural person or persons, or an entity or entities distinct from the Mortgagor (but may be affiliated with the Mortgagor) that collectively, as of the date of origination of the related Mortgage Loan, have assets other than equity in the related Mortgaged Property that are not de minimis), for losses and damages resulting from the following (or negotiated provisions of substantially similar effect): (i) the Mortgagor’s misappropriation of rents after an event of default, security deposits, insurance proceeds, or condemnation awards; (ii) the Mortgagor’s fraud or intentional material misrepresentation; (iii) breaches of the environmental covenants in the Mortgage Loan documents; or (iv) the Mortgagor’s commission of intentional material physical waste at the Mortgaged Property (but, in some cases, only to the extent there is sufficient cash flow generated by the related Mortgaged Property to prevent such waste).

  • Limitations on Sale and Lease-Back Transactions Enter into any arrangement with any Person providing for the leasing to the Company or any Restricted Subsidiary of any Important Property owned or hereafter acquired by the Company or such Restricted Subsidiary (except for temporary leases for a term, including any renewal thereof, of not more than three years and except for leases between the Company and a Restricted Subsidiary or between Restricted Subsidiaries), which Important Property has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person (herein referred to as a “Sale and Lease-back Transaction”) unless the net proceeds of such sale are at least equal to the fair value (as determined by the Board of Directors of the Company or such Restricted Subsidiary, as applicable) of such property and either (a) the Company or such Restricted Subsidiary would be entitled, pursuant to the provisions of (1) subsection 6.2(a)(i) or (2) subsection 6.2(b), to incur Debt secured by a Mortgage on the Important Property to be leased without equally and ratably securing the Loans, or (b) the Company shall, and in any such case the Company covenants that it will, within 120 days of the effective date of any such arrangement, apply an amount equal to the fair value (as so determined) of such property to the reduction of the Commitments (to be accompanied by prepayment of the Loans in accordance with subsection 2.6 to the extent that the principal amount thereof outstanding prior to such prepayment would exceed the Commitments as so reduced) or to the payment or other retirement of funded debt for money borrowed, incurred or assumed by the Company which ranks senior to or pari passu with the Loans or of funded debt for money borrowed, incurred or assumed by any Restricted Subsidiary (other than, in either case, funded debt owned by the Company or any Restricted Subsidiary). For this purpose, funded debt means any Debt which by its terms matures at or is extendable or renewable at the sole option of the obligor without requiring the consent of the obligee to a date more than twelve months after the date of the creation of such Debt.

  • Non-recourse Obligations Notwithstanding anything in this Agreement or any Basic Document, the Owner Trustee agrees in its individual capacity and in its capacity as Owner Trustee for the Trust that all obligations of the Trust to the Owner Trustee individually or as Owner Trustee for the Trust shall be with recourse to the Owner Trust Estate only and specifically shall be without recourse to the assets of the Holder.

  • Limitations on Sale and Leaseback Transactions The Issuer will not, and will not permit any Restricted Subsidiary to, directly or indirectly, enter into any Sale and Leaseback Transaction; provided that the Issuer or any Restricted Subsidiary may enter into a Sale and Leaseback Transaction if:

  • Recourse Obligation This Agreement and the Obligations hereunder are fully recourse to the Borrower. Notwithstanding the foregoing, no recourse under or upon any obligation, covenant, or agreement contained in this Agreement shall be had against any officer, director, shareholder or employee of the Borrower except in the event of fraud or misappropriation of funds on the part of such officer, director, shareholder or employee.

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