Examples of Long-term lease in a sentence
Nothing set forth in this Subsection 17(n) or Subsection 17(n) of the Long-Term Lease Agreement, the July Lease Agreement or the November Lease Agreement shall otherwise limit Lessor's right to draw upon or withdraw from the Letter of Credit to the extent otherwise set forth herein or in any Long-Term Agreement.
Lessee and Lessor agree that notwithstanding the provisions of the Long-Term Lease Agreement, including Exhibit F thereto, which by its terms relates to the provision of maintenance services by Lessor of all DC10-10 aircraft leased by Lessor to Lessee, that the terms of this Lease Agreement shall govern the maintenance of the Aircraft.
No Loan Party will create, incur, assume or suffer to exist any obligation in respect of any Long-Term Lease which would cause the aggregate amount of all payments made by all Loan Parties pursuant to all such Long-Term Leases, including, without limitation, any residual payments at the end of any such Long-Term Lease, to exceed an amount equal to $2,000,000 in any calendar month without the approval of the Requisite Lenders.
Long-Term Lease: A Lease, other than a Finance Lease, having an initial term of twenty-four (24) months or more.
The Company will not, and will not permit any Subsidiary to, enter into any Sale-and-Leaseback Transaction unless, (a) the lease which is the subject of such Sale-and-Leaseback Transaction is not a Long-Term Lease or (b) immediately after giving effect to such Sale-and-Leaseback Transaction, the aggregate amount of Priority Debt does not exceed 20% of Consolidated Net Worth determined at such time.