Lease Facility definition

Lease Facility means a lease facility appearing under the sub-heading “Operating Lease” in Schedule 3.
Sample 1Sample 2
Lease Facility shall have the meaning assigned to it in Section 1(a). "LEASES" shall mean all of those leasehold estates in real property now owned or hereafter acquired by Aladdin Gaming, as lessee. "LEASE TERM" shall mean the Basic Lease Term and all available Renewal Lease Terms. "LESSEE" shall have the meaning assigned to it in the first paragraph of the Master Lease Agreement. "LESSOR" shall have the meaning given to it in the first paragraph of the Master Lease Agreement. "LIBOR RATE FUNDING" shall mean any Funding as to which the interest rate is calculated by reference to 30-Day LIBOR or 90- Day LIBOR. "LIBOR RESERVE PERCENTAGE" means, relative to any Interest Period, the reserve percentage (expressed as a decimal) equal to the maximum aggregate reserve requirements (including all basic, emergency, supplemental, marginal and other reserves and taking into account any transitional adjustments or other scheduled changes in reserve requirements) specified under regulations issued from time to time by the F.R.S. Board and then applicable to assets or liabilities consisting of or including "Eurocurrency Liabilities", as currently defined in Regulation D of the F.R.S. Board, having a term approximately equal or comparable to such Interest Period.
Sample 1Sample 2
Lease Facility shall refer to the transactions contemplated by the Operative Agreements.
Sample 1

Examples of Lease Facility in a sentence

  • Lease payments under the Equipment Lease Facility are payable monthly and comprise principal payments and interest, interest being at a fixed rate between 7.5% and 8.10%.

  • Bank Indebtedness and Credit FacilitiesBank indebtedness includes borrowings on CAP REIT’s Acquisition and Operating Facilities and CAPLP’s Land Lease Facility.

  • In addition, the Land Lease Facility of $10 million was renewed for a one-year term maturing on June 30, 2012.

  • The Land Lease Facility has been fully advanced and there is no further availability under this credit facility.

  • Effective June 30, 2012, the Land Lease Facility of $10 million was combined with the Acquisition and Operating Facility.

  • The maximum amount available under the Land Lease Facility is $65 million, subject to compliance with various provisions of the credit agreement.

  • The Acquisition and Operating Facilities and the Land Lease Facility were restructured into one Credit Agreement.

  • On renewal, the Credit Facilities agreement was amended, to combine the Acquisition and Operating Facility and the Land Lease Facility into one credit facility for a total of $280,000 for a revolving three year term.

  • Effective March 12, 2001, the Company entered into an operating lease facility (Lease Facility) with its banks.

  • The Lease Facility, among other things, requires the maintenance of certain specified financial ratios, restricts the payment of certain distributions and prohibits the incurrence of certain new indebtedness.


More Definitions of Lease Facility

Lease Facility means an arrangement pursuant to this Agreement for the purposes of providing on lease, the Leased Assets to the Lessee by the Lessor, valuing a maximum of Rs. (Rupees only).
Sample 1
Lease Facility as defined in Section 2A of the Master Lease.
Sample 1
Lease Facility is the amount specified on the front page under the heading "Total Lease Facility".
Sample 1
Lease Facility means the lease facility made available by the Lessor pursuant to the Sale Agreement and the Lease;
Sample 1
Lease Facility. The proposed financing arrangement with respect to the securitization of certain lease receivables to be entered into among Xxxxxx, certain Xxxxxx Affiliates, Falcon Asset Securitization Corporation, Bank One, NA, Wachovia and Blue Ridge and various other parties.
Sample 1
Lease Facility the collective reference to the synthetic lease facilities entered into by GI Delaware on August 12, 1996 and June 30, 1997 (and to be assigned to and assumed by the Company in connection with the Spin-Off).
Sample 1

Related to Lease Facility

  • Secure facility or "detention home" means a local, regional or state public or private locked

  • Purchase Facility has the meaning set forth in Section 1.1 of the Sale Agreement.

  • Warehouse Facility means any bank credit agreement, repurchase agreement or other credit facility entered into to finance the making of Mortgage loans originated by the Company or any of its Subsidiaries.

  • On-site facility means a structural BMP located within the subject property boundary described in the permit application for land development activity.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Off-site facility means a structural BMP located outside the subject property boundary described in the permit application for land development activity.

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.

  • Idle facilities means completely unused facilities that are excess to the governmental unit's current needs.

  • Permitted Facility means a facility authorized by the general permit to discharge total nitrogen or

  • Facility Leases means agreements for the lease by the Company or any of its Subsidiaries or Joint Ventures of real estate utilized as a vehicle parking facility and/or for ancillary parking and transportation services.

  • Securitization Facility means any of one or more receivables or securitization financing facilities as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, the Obligations of which are non-recourse (except for customary representations, warranties, covenants and indemnities made in connection with such facilities) to the Issuer or any of its Restricted Subsidiaries (other than a Securitization Subsidiary) pursuant to which the Issuer or any of its Restricted Subsidiaries sells or grants a security interest in its accounts receivable or Securitization Assets or assets related thereto to either (a) a Person that is not a Restricted Subsidiary or (b) a Securitization Subsidiary that in turn sells its accounts receivable to a Person that is not a Restricted Subsidiary.

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • Infrastructure facility means a building; structure; or networks of buildings, structures, pipes, controls, and equipment, or portion thereof, that provide transportation, utilities, public education, or public safety services. Included are government office buildings; public schools; courthouses; jails; prisons; water treatment plants, distribution systems, and pumping stations; wastewater treatment plants, collection systems, and pumping stations; solid waste disposal plants, incinerators, landfills, and related facilities; public roads and streets; highways; public parking facilities; public transportation systems, terminals, and rolling stock; rail, air, and water port structures, terminals, and equipment.

  • 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.

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • Storage Facility means a facility used for the stocking of natural gas and owned and/or operated by a natural gas undertaking, including the part of LNG facilities used for storage but excluding the portion used for production operations, and excluding facilities reserved exclusively for transmission system operators in carrying out their functions;

  • 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.

  • Underground facility means any item which shall be buried or placed below ground for use in connection with the storage or conveyance of water, sewage, electronic, telephone or telegraphic communications, electric energy, oil, gas or other substances, and shall include, but not be limited to pipes, sewers, conduits, cables, valves, lines, wires, manholes, attachments and those portions of poles and their attachments below ground.

  • Facility Site shall have the meaning set forth in the recitals to the Facility Site Lease.

  • Existing Facility Agreement means Existing Facility Agreement A, Existing Facility Agreement B, Existing Facility Agreement C and Existing Facility Agreement D and, in the plural, means all of them;

  • Non-Extended Facility has the meaning assigned to such term in Section 3.6(d).

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

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