Lease Line Sample Clauses

Lease Line. The total Lessor’s Cost of all units of Equipment under all Equipment Schedules pursuant to this Lease Line Schedule shall not exceed $2,000,000.00 (the “Commitment”). “Lessor’s Cost” means, with respect to a unit of Equipment, the total cost to Lessor of purchasing such unit, as indicated on the applicable Equipment Schedule. Lessor’s obligation to fund Equipment Schedules under the Commitment shall terminate on December 22, 2003 (the “Commitment Termination Date”). The minimum Lessor’s Cost for each Delivery & Acceptance Certificate shall be $10,000.00.
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Lease Line. Subject to the terms and conditions herein set forth and in the applicable Equipment Schedule, and provided no event of default under the Lease shall have occurred and be then continuing, Lessor agrees to purchase and lease to Lessee, from time to time, the "Equipment" (as defined below). The aggregate "Cost" (as defined below) of Equipment purchased by Lessor pursuant to this Section 22.a shall in no event exceed $350,000.00 (the "Lease Line Amount"). All Takedowns" (as defined below) shall be completed on or before April 1, 1998 (the "Last Takedown Date").
Lease Line. (a) Subject to the terms and conditions of the Lease, this Addendum and any applicable Schedules, and provided no Event of Default shall have occurred and be then continuing, Lessor agrees to purchase and lease New Equipment to Lessee.
Lease Line. This service (for merchants who authorize in Visa “2” format, but use X.25 protocol) provides direct leased-line access to a merchant’s host computer via a value-added network. Lower volume merchants are targeted who require leased-line performance and need an alternative to the VAP.
Lease Line. Subject to the terms and conditions herein set forth and in the applicable Equipment Schedule, and provided no event of default under the Lease shall have occurred and be then continuing, Lessor agrees to purchase and lease to Lessee, from time to time, the "Equipment" (as defined below). Unless otherwise expressly agreed by Lessor, the aggregate "Cost" (as defined below) of Equipment purchased by Lessor pursuant to this Section 26.a. after August 15, 1997 and before July 31, 1998 (the "97/98 Period") shall in no event exceed $1,000,000 and the aggregate "Cost" of Equipment purchased by Lessor pursuant to this Section 26.a. after July 31, 1998 and before July 31, 1999 (the "98/99 Period") shall in no event exceed $2,000,000 less the Cost of Equipment purchased by Lessor during the 97/98 Period. During the 97/98 Period and the 98/99 Period, lessee shall provide Lessor with its financial statements on a quarterly basis in a format acceptable to Lessor including Lessee's Consolidated Statements of Cash Flows. Lessor shall have no obligation to purchase Equipment for lease to Lessee upon an occurrence of an Event of Default under the Lease of a material adverse change in the financial performance of Lessee compared to the financial projections provided by independent analysts on a quarterly basis during the Lease Line Period.
Lease Line. Servicers will provide a leased line connection from its data center to Customer’s data center for a one-time installation fee of $[***] per leased line; and will provide [***] modems at $[***]; additionally, monthly line charges will be $[***]. Voice
Lease Line. Subject to the terms and conditions herein set forth and ---------- in the applicable Equipment Schedule, and provided no event of default under the Lease shall have occurred and be then continuing, Lessor agrees to purchase and lease to Lessee, from time to time, the "Equipment" (as defined below). Subject to the condition set forth in Section 29 below, the aggregate "Cost" (as defined below) of Equipment purchased by Lessor pursuant to this Section 22.a shall in no event exceed [*] (the "Lease Line Amount"). The first [*] of Cost of Equipment purchased by Lessor for lease to Lessee is referred to herein as the "Existing Lease Line Amount". The next [*] of Cost of Equipment purchased by Lessor for lease to Lessee is referred to herein as the "First Supplemental Lease Line Amount". The final [*] of Cost of Equipment purchased by Lessor for lease to Lessee is referred to herein as the "Second Supplemental Lease Line Amount". Lessor shall have no obligation to purchase Equipment having a Cost in excess of the First Supplemental Lease Line Amount unless and until LINC has received independent confirmation that the Lessee has received additional equity investments aggregating at least [*]. All "Takedowns" (as defined below) shall be completed on or before October 31, 1999 (the "Last Takedown Date"). If all Takedowns which occur on or before October 31, 1999 do not aggregate Equipment having a Cost equal to the Lease Line Amount then LINC shall have the right to assess and Lessee agrees to pay LINC a non-utilization fee equal to [*] of the difference between the Lease Line Amount and the aggregate Cost of all Equipment purchased by LINC on the Last Takedown Date. The non-utilization fee described above shall be due and payable to LINC on the next business day after the Last Takedown Date.
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Lease Line. The total Lessor's Cost of all units of Equipment under all Equipment Schedules pursuant to this Lease Line Schedule shall not exceed Five Hundred Thousand Dollars ($500,000) (the "Commitment"). "LESSOR'S COST" means, with respect to a unit of Equipment, the total cost to Lessor of purchasing such unit, as indicated on the applicable Equipment Schedule. Lessor's obligation to fund Equipment Schedules under the Commitment shall terminate on October 31, 1996 (the "Commitment Termination Date"). The minimum Lessor's Cost for each Equipment Schedule shall be Ten Thousand Dollars ($10,000).
Lease Line. (b) The aggregate Equipment Cost of such Equipment shall not exceed $650,000.

Related to Lease Line

  • Sublease Limitation For so long as Landlord or any Affiliate as to Landlord shall seek to qualify as a real estate investment trust, anything contained in this Agreement to the contrary notwithstanding, Tenant shall not sublet the Leased Property on any basis such that the rental to be paid by any sublessee thereunder would be based, in whole or in part, on either (a) the income or profits derived by the business activities of such sublessee, or (b) any other formula such that any portion of such sublease rental would fail to qualify as "rents from real property" within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.

  • Sublease Rent Limitation Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublet the Leased Property on any basis such that the rental to be paid by the sublessee thereunder would be based, in whole or in part, on either (a) the income or profits derived by the business activities of the sublessee, or (b) any other formula such that any portion of the Rent would fail to qualify as “rents from real property” within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.

  • Operating Lease The parties hereto intend that this Lease shall be deemed for all purposes to be an operating lease and not a capital lease.

  • Real Estate Leases The Company Disclosure Statement sets forth a list of (a) all leases and subleases under which the Company or the Subsidiaries is lessor or lessee of any real property together with all amendments, supplements, nondisturbance agreements and other agreements pertaining thereto; (b) all options held by the Company or the Subsidiaries or contractual obligations on the part of the Company or the Subsidiaries to purchase or acquire any interest in real property; and (c) all options granted by the Company or the Subsidiaries or contractual obligations on the part of the Company or the Subsidiaries to sell or dispose of any interest in real property. Except as set forth in the Company Disclosure Statement, as to such leases, subleases and other agreements referred to above, (i) there exists no breach or default, and no event has occurred which with notice or passage of time would constitute such a breach or default or permit termination, notification or acceleration, on the part of the Company or any Subsidiary, or on the part of any other party thereto, and (ii) as of the Effective Time, no material third party consent, approval or authorization shall be required for the consummation of the Merger. To the Company's knowledge, there are no Liens on any of the leasehold interests set forth on the Company Disclosure Statement hereof except for (i) Liens reflected in the balance sheet included in the Company's Form 10-K for the period ended December 31, 1996, (ii) Liens of record consisting of zoning or planning restrictions, easements, permits and other restrictions or limitations on the use of real property which do not materially detract from the value of, or materially impair the use of, such property by the Company or the Subsidiaries in the operation of their respective businesses, (iii) Liens for current Taxes (as defined in Section 3.22(a)), assessments or governmental charges or levies on property not yet delinquent or being contested in good faith and for which appropriate reserves have been established in accordance with GAAP (which contested levies are described on the Company Disclosure Statement), and (iv) Liens imposed by law, such as materialman's, mechanic's, carrier's, workers' and repairmen's Liens securing obligations not yet delinquent or being contested in good faith and for which appropriate reserves have been established in accordance with GAAP or securing obligations not being paid in the ordinary course of business in accordance with customary and commercially reasonable practice. (collectively, "Permitted Liens").

  • 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).

  • Amended Lease If: (i) Tenant fails to timely deliver a Space Acceptance Notice, or (ii) after the expiration of a period of 10 days after Landlord’s delivery to Tenant of a lease amendment or lease agreement for Tenant’s lease of the Available Space, no lease amendment or lease agreement for the Available Space acceptable to both parties each in their sole and absolute discretion, has been executed, Tenant shall be deemed to have waived its right to lease such Available Space.

  • Operating Leases Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be made) by the Loan Parties (on a consolidated basis) to exceed $1,000,000 in any Fiscal Year.

  • Ground Lease Reserved.

  • Real Property Lease Except as set forth in Disclosure Schedule 1.1.(b), Seller has no leases of real property used or held for use in connection with the Business or the Purchased Assets.

  • Existing Leases Notwithstanding the provisions of Section 4.1 above, Seller has disclosed to Buyer the existence of the following two leases with third party tenants for space in Building A: (a) a lease to the Orange County Bar Association ("OCBA") for 7425 square feet of space on the first floor of Building A for a term that expires on November 30, 2007, with no option to extend (the "OCBA Lease"), and (b) a lease to Xxxxxxx & Associates for 1420 square feet of space on the 4th floor of Building A for a term that expires on May 31, 2006, with no option to extend (the "AA Lease"). The OCBA Lease and the AA Lease are referred to as the "Existing Leases" and the tenants thereunder are referred to as the "Existing Tenants." Prior to the Due Diligence Expiration Date, Seller shall deliver to Buyer a true and complete copy of each of the Existing Leases. As of the Closing and at Seller’s option, either (i) Seller shall have caused the Existing Leases to be terminated and the Existing Tenants to vacate Building A, or (ii) Seller shall remain as the lessor to the Existing Leases as a direct lease between Seller and the Existing Tenants and as a sublease to the Lease for Building A , or (iii) Buyer shall assume the Seller’s interest in the Existing Leases as a direct lease between Buyer and the Existing Tenants. If clause (ii) above is applicable to an Existing Lease, then such Existing Lease shall be considered as a sublease between Seller and the Existing Tenant, and except as provided below, Seller shall be solely responsible for the Existing Lease as a sublease under the Seller Lease for Building A and Buyer shall have no obligations or liabilities in connection with the Existing

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