Material Equipment Leases definition

Material Equipment Leases means, collectively, Equipment Leases of a material nature (materiality for these purposes to include contracts in excess of $150,000.00 per annum or which extend beyond one year (unless cancelable on thirty (30) days or less notice)), whether written or oral.
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Material Equipment Leases means each equipment lease entered into by the Company that, individually during the remaining term of the lease as of the date of this Agreement, would require the Company to make lease payments in excess of $10,000; provided, however, that Material Equipment Leases shall mean all equipment leases entered into by the Company if, during the remaining term of all such leases as of the date of this Agreement, the Company would be required to make lease payments in the aggregate in excess of $100,000.
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Material Equipment Leases means with respect to each of the Hotels or Manager (as the case may be), the Equipment Leases requiring aggregate remaining payments in excess of Fifty Thousand and No/100 Dollars ($50,000.00).
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Examples of Material Equipment Leases in a sentence

  • To Borrower’s knowledge, Borrower has identified all Material Equipment Leases and Borrowers have delivered to Lender correct and complete copies of any existing Material Equipment Leases affecting the Property.

  • To Borrower’s knowledge, Borrower has identified all Material Equipment Leases and Borrower has delivered to Lender correct and complete copies of any existing Material Equipment Leases affecting the Property.

  • To Seller’s Knowledge, all Material Equipment Leases are in full force and effect.

  • All Material Equipment Leases are listed on Schedule 4.7 attached hereto.

  • All Material Equipment Leases, as of the Effective Date, are listed on Exhibit 4.7 attached hereto and there are no other Material Equipment Leases related to the Property.

  • Neither Seller nor Operating Tenant has given or received, and, to Seller’s knowledge, Hotel Manager has not given or received, any notice of any breach or default under the Material Equipment Leases and, to Seller’s knowledge, there are no defaults or events that with notice or the passage of time or both, would constitute a default by Seller or Operating Tenant under any such Equipment Lease, nor by any other party thereto.

  • All Material Equipment Leases (and to Seller’s knowledge, all Equipment Leases) are listed on Exhibit 4.7 attached hereto.

  • Seller has made (or will make within five (5) Business Days after the Effective Date) available to Buyer true and complete copies of the Material Equipment Leases (and to Seller’s knowledge, all other Equipment Leases).

  • Neither Seller nor any of Seller’s Subsidiaries has given or received any written notice of any breach or default under the Material Equipment Leases which has not been cured, and, to Seller’s Knowledge, there are no material defaults under any Material Equipment Leases by any party thereto.

  • To Seller’s Knowledge, complete copies of the Material Equipment Leases have been delivered or otherwise made available to Buyer by Seller in the Due Diligence File on or prior to the Due Diligence Cutoff Time.


More Definitions of Material Equipment Leases

Material Equipment Leases means with respect to each of the ------------------------- Facilities, the Equipment Leases requiring aggregate remaining payments in excess of Twenty Thousand and No/100 Dollars ($20,000.00).
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Material Equipment Leases means all Equipment Leases that are either (i) not terminable as of right and without cause on thirty (30) days’ or less notice without cost or penalty or (ii) require the payment by, or on behalf of, the Sellers of more than Twenty Five Thousand and No/100 Dollars ($25,000) with respect to the Property in any calendar year.
Sample 1

Related to Material Equipment Leases

  • Equipment Leases shall have the meaning set forth in Section 2.1(b) hereof.

  • Material Equipment means such equipment, which, acting in accordance with a Reasonable and Prudent Standard, the Generator could reasonably be expected to have ordered and/or concluded a supply agreement in respect of in accordance with the Target Commissioning Date, and in any event, such equipment shall include the major scheme components.

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

  • Terminal Equipment means all telephone instruments, including pay telephone equipment, the common equipment of large and small key and PBX systems and other devices and apparatus, and associated wirings, which are intended to be connected electrically, acoustically or inductively to the telecommunication system of the telephone utility.

  • Leased Equipment means the computers, servers, machinery and equipment and other tangible personal property leased by Seller for use in the operation or conduct of the Business.

  • 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.

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Real Property Leases means all leases, sub-leases, licenses or other agreements, in each case, pursuant to which any Group Company leases or sub-leases any real property.

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Capital Equipment means machinery and equipment purchased or leased, and used in this state by the purchaser or lessee primarily for manufacturing, fabricating, mining, or refining tangible personal property to be sold ultimately at retail if the machinery and equipment are essential to the integrated production process of manufacturing, fabricating, mining, or refining. Capital equipment also includes machinery and equipment used primarily to electronically transmit results retrieved by a customer of an online computerized data retrieval system.

  • Additional Equipment means equipment that is not factory fitted in the Vehicle, including but not limited to navigation equipment (GPS), baby seat, bicycle rack etcetera;

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

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

  • Medical equipment means equipment used in a patient care environment to support patient treatment and diagnosis.

  • Facility Leases means all of the leases of Facilities listed on Schedule 4.6(a).

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

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Leases means any and all leases, subleases, tenancies, options, concession agreements, rental agreements, occupancy agreements, franchise agreements, access agreements and any other agreements (including all amendments, extensions, replacements, renewals, modifications and/or guarantees thereof), whether or not of record and whether now in existence or hereafter entered into, affecting the use or occupancy of all or any portion of any Real Property.

  • Scheduled Contracts has the meaning set forth in Section 4.16.

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