Expired Lease definition

Expired Lease means any Lease that has terminated on its scheduled expiration date.
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Expired Lease shall have the meaning assigned to it in Section 4.03 of the Security Agreement.
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Expired Lease means a Lease relating to a Vehicle that has reached its Maturity Date or as to which the Annual Termination Option was exercised and no Termination Value Payment was made.
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Examples of Expired Lease in a sentence

  • The Servicer will deposit any Prepayments and any Expired Lease Proceeds of any such disposition in accordance with Section 7.01.

  • The Servicer will deposit any Early Termination Lease Proceeds and any Expired Lease Proceeds of any such disposition in accordance with Section 4.3.

  • The Servicer will not change the location of any material portion of the Lease Files (other than any Lease Files which relate solely to an Early Termination Lease, an Expired Lease or a Repurchased Lease and/or related Equipment) unless the Servicer gives the Lender notice of such change not less than ten days prior to such change; provided that at all times the Lease Files shall remain under the care, custody and control of the Servicer.

  • Whenever under this Agreement an Included Lease becomes an Expired Lease or an Early Termination Lease, the security interest in favor of the Collateral Trustee in such Included Lease will be automatically released upon such event.

  • The Servicer will not change the location of any material portion of the Lease Files (other than any Lease Files which relate solely to an Early-Termination Lease, an Expired Lease or a Repurchased Lease and/or related Equipment) unless the Servicer gives the Issuer, the Indenture Trustee and the Owner Trustee notice of such change not less than ten days prior to such change; provided that at all times the Lease Files shall remain under the care, custody and control of the Servicer.

  • The Servicer will deposit any Early Termination Lease Proceeds, any Partial Early Termination Proceeds and any Expired Lease Proceeds of any such disposition in accordance with Section 3.3.

  • The Servicer will deposit any Early Termination Lease Proceeds and any Expired Lease Proceeds of any such disposition in accordance with Section 3.3.

  • J&J represents, warrants, covenants and agrees that (a) within ten (10) days following the Effective Date of this Agreement, J&J shall convey or cause the conveyance to the Company of the Expired Leases, and (b) each such Expired Lease shall be on the respective terms set forth on Exhibit F hereto.

  • Landlord and Tenant acknowledge and agree that pursuant to the Expired Lease, Tenant has on deposit with Landlord the sum of Nine Thousand One Hundred Eight Dollars ($9,108.00) as a security deposit.

  • The Servicer will deposit any Prepayments and any Expired Lease Proceeds of any such disposition in accordance with Section 4.3.


More Definitions of Expired Lease

Expired Lease has the meaning given in Article 19.9 below;
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Expired Lease an Equipment Lease that has expired or otherwise has terminated.
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Expired Lease means any Retained Lease that has not been assigned to Buyer where the scheduled term of the Retained Lease (including any renewal term specified in the Retained Lease to the extent that such Retained Lease has been renewed) as of the Closing Date has expired without the Retained Lease having become a Terminated Lease.
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Expired Lease means any lease of the land, containing a right of renewal, which has expired and has not beenrenewed at the commencement of this Act, and
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Related to Expired Lease

  • Unexpired Lease means a lease to which one or more of the Debtors is a party that is subject to assumption or rejection under section 365 of the Bankruptcy Code.

  • Rejected Executory Contract and Unexpired Lease List means the list, as determined by the Debtors or the Reorganized Debtors, as applicable, of Executory Contracts and Unexpired Leases that will be rejected by the Reorganized Debtors pursuant to the Plan, which list shall be included in the Plan Supplement.

  • Assumed Executory Contract and Unexpired Lease List means the list, as determined by the Debtors or the Reorganized Debtors, as applicable, of Executory Contracts and Unexpired Leases (with proposed cure amounts) that will be assumed by the Reorganized Debtors, which list shall be included in the Plan Supplement.

  • Schedule of Rejected Executory Contracts and Unexpired Leases means the schedule (including any amendments or modifications thereto), if any, of the Executory Contracts and Unexpired Leases to be rejected by the Debtors pursuant to the Plan, as set forth in the Plan Supplement, as amended by the Debtors from time to time in accordance with the Plan, which shall be in form and substance acceptable to the Debtors.

  • Executory Contract means a contract to which one or more of the Debtors is a party that is subject to assumption or rejection under sections 365 or 1123 of the Bankruptcy Code.

  • Schedule of Assumed Executory Contracts and Unexpired Leases means the schedule of certain Executory Contracts and Unexpired Leases to be assumed (or assumed and assigned) by the Debtors pursuant to the Plan, as the same may be amended, modified, or supplemented from time to time by the Debtors.

  • Approved Lease means (a) each existing Lease as of the Closing Date as set forth in the Leasing Affidavit and (b) each Lease entered into after the Closing Date in accordance with the terms and conditions contained in Section 9.09 as such leases and related documents shall be Modified as permitted pursuant to the terms of this Agreement.

  • Executory Contracts means executory contracts and unexpired leases as such terms are used in 11 U.S.C. § 365, including all operating leases, capital leases, and contracts to which the Debtor is a party or beneficiary on the Confirmation Date.

  • Site Lease or “Lease” means the Site Lease of even date herewith, by and between the District and the Lessor together with any duly authorized and executed amendment thereto under which the District leases the Site to the Lessor.

  • Assigned Leases has the meaning specified in Section 2.01(b).

  • Material Lease has the meaning set forth in Section 3.17(a).

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Property Lease means any Depot Lease, any lease in respect of a Managed Station Area, any lease in respect of Shared Facilities or any Station Lease and any agreement or lease of a similar or equivalent nature (whether in respect of any such facility or otherwise) which the Franchisee may enter into with a person who has an interest in a network or a railway facility which is to be used for or in connection with the provision or operation of the Franchise Services;

  • Repudiation/Moratorium Extension Notice means a notice from the Calculation Agent to the Issuer (which the Calculation Agent has the right but not the obligation to deliver) that describes a Potential Repudiation/Moratorium that occurred on or prior to the Scheduled Maturity Date. A Repudiation/Moratorium Extension Notice must contain a description in reasonable detail of the facts relevant to the determination that a Potential Repudiation/Moratorium has occurred and indicate the date of the occurrence. The Potential Repudiation/Moratorium that is the subject of the Repudiation/Moratorium Extension Notice need not be continuing on the date the Repudiation/Moratorium Extension Notice is effective.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Permitted Lease means a lease permitted under Section 4.02(b) of the Trust Indenture.

  • Recorded Leasehold Interest means a Leasehold Property with respect to which a Record Document has been recorded in all places necessary or desirable, in the Collateral Agent’s reasonable judgment, to give constructive notice of such Leasehold Property to third-party purchasers and encumbrances of the affected real property.

  • Assumed Leases has the meaning set forth in Section 2.6(b).

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • Material Leases has the meaning set forth in Section 4.21.

  • Liquidated Lease means a 2016-B Lease that is terminated and charged off by the Servicer prior to its Maturity Date following a default thereunder.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Lease contract means the total legal obligation that results from the lease agreement as affected by this article and any other applicable rules of law. Unless the context clearly indicates otherwise, the term includes a sublease contract.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).