Lease Upgrade definition

Lease Upgrade has the meaning set forth in the 2018 Investment Agreement.
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Lease Upgrade means any time Amazon or one of its Affiliates converts an Existing Lease with the Company or any one of its Affiliates from a lease for a Boeing 767-200 aircraft to a lease for a Boeing 767-300 aircraft.
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Examples of Lease Upgrade in a sentence

  • To the extent any Lease Upgrade Payment Amount due hereunder is paid by Sprint Corporation under the Performance Support Agreement, the Originator which owed such amount agrees to reimburse Sprint Corporation in cash for such Lease Payment Amount, and assign to Sprint Corporation such Originator’s interest in the returned Lease Device, and if not otherwise assigned to the Related SPE, the Lease Upgraded Receivable and Related Lease Device.

  • Upon any Event of Bankruptcy with respect to any Originator or any Sprint Party, the Originators and Servicer shall terminate the Lease Upgrade Program and cease permitting Obligors to make Lease Upgrade Elections.

  • At all times, each Originator shall comply with, service in accordance with, and maintain in full force and effect, the Key Lease Upgrade Provisions.

  • Without limiting the foregoing, it shall not make any change to the Lease Upgrade Program that would eliminate or impair any third party beneficiary rights of an assignee, including the right of such assignee to enforce any Originator’s or Sprint Party’s payment obligation under any Lease Upgrade Program, affect the application of Obligor payments upon a Lease Upgrade Election or impair the ability of it or its Affiliates to terminate the Lease Upgrade Program.

  • No Originator shall directly or indirectly amend, supplement or modify the Key Lease Upgrade Provisions, in each case, without the prior written consent of the Administrative Agent and the Required Purchasers.

  • The Sale is also not subject to any approval in relation to an extension of the lease of the Property being obtained although the Trustee has since obtained the In-principle Lease Upgrade Approval.

  • It is not a condition of the Sale that the Trustee fulfills the conditions of the In-principle Lease Upgrade Approval.

  • Projects to be addressed during this month include a Technical Working Group (24th May), Social Housing Repairs and Maintenance schedule, Katter Lease Upgrade schedule, Carpentaria Shire ATSI TIDS projects.Key DetailsICCIP ProjectScope is in finalization stage.

Related to Lease Upgrade

  • Customer Premises Equipment or "CPE" means equipment employed on the premises of a Person other than a Carrier to originate, route or terminate Telecommunications (e.g., a telephone, PBX, modem pool, etc.).

  • Annular space means the space between the casing and the walls of a borehole or outer casing or the space between a liner pipe and well casing.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.