Lease Commitment definition

Lease Commitment means either (i) an executed binding lease agreement under which either the Trust or an Affiliate of the Managing Trustee is the lessor, which agreement is assignable by such Affiliate to the Trust, or (ii) such other agreement or commitment to lease equipment which constitutes an enforceable obligation against the Lessee.
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Lease Commitment means as of any date the commitment of a Seller to any Person with respect to the Business as of such date to enter into a Lease on or after such date.
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Lease Commitment means, with respect to any Lease Participant, the amount of the purchase price paid by such Lease Participant to purchase participation interests with respect to the 1996 Master Lease Agreement.
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Examples of Lease Commitment in a sentence

  • On each Due Date, each Lessee shall pay to the Lessor its allocable share of the Availability Payment in respect of the unutilized portion of the Maximum Lease Commitment.

  • On each Due Date, each Lessee shall pay to the Lessor its allocable share (as determined by the Master Servicer) of the Availability Payment in respect of the unutilized portion of the Maximum Lease Commitment.

  • The Lessor shall, subject to Section 4 and to compliance with the terms of the Indenture, make available to the Lessees under this Lease financing for Financed Vehicles (other than Texas Vehicles) in an aggregate amount, and Acquired Vehicles and Texas Vehicles for lease to the Lessees hereunder in an aggregate Net Book Value, which collectively shall not exceed the Maximum Lease Commitment.

  • Delivery of the New VTC Lease and VTC Lease Appraisal in form acceptable to FAAC; or if either the New VTC Lease or VTC Lease Appraisal are not acceptable to FAAC, then documents acceptable to FAAC terminating the VTC Lease Commitment and the New VTC Lease.

  • The Lessor shall, subject to Section 4 and to compliance with the terms of the Indenture, make available to the Lessees under this Lease financing for Financed Vehicles in an aggregate amount, and Acquired Vehicles for lease to the Lessees hereunder in an aggregate Net Book Value, which collectively shall not exceed the Maximum Lease Commitment.

  • Execution, delivery and approval by FAAC of the New VTC Lease and delivery to and approval by FAAC of the VTC Lease Appraisal; or if either the New VTC Lease or VTC Lease Appraisal are not acceptable to FAAC, the termination of the VTC Lease Commitment and New VTC Lease.

  • Lessor and Lessee are currently parties to a written Master Equipment Finance Lease dated September 19, 2006 and an Equipment Lease Commitment dated December 6, 2007 (collectively, the “Master Lease”) and sixteen (16) separate leases identified on the attached Exhibit A (each, a “Lease”), relating to the lease of certain furniture, fixtures, machinery, equipment and other personal property as described in Exhibit A to each Lease (the “Equipment”).

  • Future payments associated with these leases are as follows: Operating Lease Commitment Amount ----------------------- Year: 2006 $ 3,141 2007 3,119 2008 1,968 2009 412 2010 412 2011 and thereafter 1,496 ----------------------- Total minimum future rental payments $10,548 ======================= In connection with the Transaction, the Company entered into a capital lease with a related party (an affiliate of GE Capital), covering leasehold improvements and computer equipment to be used at its headquarters.

  • Such early termination shall be made on no less than ninety (90) days advance written notice to Landlord and is subject to Tenant having signed the 60,000 Lease Commitment, such date to be referred to as the “Fifth Floor Early Termination Date”.

  • Purchaser shall execute and deliver, at or prior to the Closing, the Purchaser Master Lease in the form agreed to by the parties thereto pursuant to the terms of the Lease Commitment Agreement.


More Definitions of Lease Commitment

Lease Commitment means the portion of the Commitment available to acquire Sites (other than the Unimproved Land) and the Existing Improvements thereon and to pay Fees and Transaction Expenses related thereto, as set forth on Schedule I to the Participation Agreement with respect to each such Site.
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Lease Commitment. Retailer and MGM shall mutually agree on the number of Units for each respective title that Retailer shall lease from MGM. In the event the parties cannot agree on the number of Units on or before forty five (45) days prior to the Street Date of any Title, the number of Units shall be determined by reference to the matrix attached hereto as Exhibit A ("MGM Matrix"). Retailer agrees to provide MGM with written notice of the inability of the parties to agree on or before the expiration of said forty-five (45)-day period ("Matrix Notice"). * In the event * is used to determine the number of Units acquired by Retailer, Xxxxxxxx agrees to pay * * Confidential material omitted and separately filed with the Commission under an application for confidential treatment. The allocation between VHS and DVD within the number of Units leased shall be determined by Retailer in Retailer's sole discretion; provided, however, that in the event Retailer elects to increase the percentage of DVD acquired in excess of * percent (*%) of the Retailer's * at the time of the allocation, the allocation in excess of such * percent (*%) increase shall be subject to MGM's prior written consent, which consent shall not be unreasonably withheld. For purposes of illustration, if at the time of the allocation * Matrix Adjustment: The parties agree that the MGM Matrix * shall be adjusted semi-annually during the term of this Agreement. The first such adjustment shall be made effective December 15, 2001, with later adjustments being made on June 15, 2002, December 15, 2002, June 15, 2003, and December 15, 2003 ("Adjustment Date(s)"). The adjustment in the * for the next period shall be a pro rata increase or decrease in the Unit ranges based upon the percentage year-over-year increase or decrease in Store Revenue for Retailer's stores for the six (6)- month period ending the month prior to the month of the Adjustment Date ("Adjustment Period"); provided, however, that unless the adjustment is greater than * percent (*%), there shall be no adjustment made in the *. Year-over-year increases or decreases shall be effective as of the Adjustment Date and shall be determined by comparison of Store Revenue for the prior Adjustment Period to Store Revenue for the same six (6)- month period of the prior year. The Store Revenue percentage increase or decrease shall determine the percentage increase or decrease in the Unit ranges in the *. For purposes of this Agreement, Store Revenue for Retailer's sto...
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Lease Commitment means Two Hundred Fifty Million Dollars ($250,000,000) except that, during the Commitment Reduction Period (if any), "Lease Commitment" means Two Hundred Million Dollars ($200,000,000).
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Lease Commitment means Two Hundred Million Dollars ($200,000,000).
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Related to Lease Commitment

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Letter of Credit Commitment means, with respect to the Issuer, the Issuer's obligation to issue Letters of Credit pursuant to Section 2.1.3 and, with respect to each of the other Lenders that has a Revolving Loan Commitment, the obligation of each such Lender to participate in such Letters of Credit pursuant to Section 2.6.1.

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Real-Time Commitment means NYISO’s multi-period security constrained unit commitment and dispatch model, as defined in the NYISO Tariffs.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • L/C Commitment $50,000,000.

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Facility A Commitment means, with respect to any Lender, the principal amount set out beside such Lender's name in Schedule V with reference to Facility A, as amended from time to time, and to the extent not cancelled or terminated hereunder.

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Commitment means, as to each Lender, its obligation to (a) make Committed Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).