Examples of True Lease in a sentence
In connection with a material modification, Lender may request, and in such event, Borrower shall not effect such modification without, an Additional True Lease Opinion in form and substance reasonably satisfactory to Lender issued by Borrower’s counsel (at Borrower’s expense).
It is understood and agreed, however, that no filings will be made to perfect any security interest of the Issuer or the Indenture Trustee in the Seller's interests in True Lease Equipment.
Immediately prior to the transfers and assignments contemplated herein and in the NH Liquidity Receivables Purchase Agreement, NH Credit had good title to each NH Receivable and any True Lease Equipment related to such NH Receivable, free and clear of all Liens and, immediately upon the transfer thereof, CNHCR shall have good title to each NH Receivable and any True Lease Equipment, free and clear of all Liens; and the transfer and assignment of the NH Receivables to CNHCR has been perfected under the UCC.
It is the intention of NH Credit that the transfers and assignments contemplated herein and in the NH Liquidity Receivables Purchase Agreement constitute a sale of the NH Receivables from NH Credit to CNHCR and that the beneficial interest in and title to the NH Receivables and any True Lease Equipment related to such NH Receivables not be part of the debtor's estate in the event of the filing of a bankruptcy petition by or against NH Credit under any bankruptcy or similar law.
Lessee further acknowledges and agrees that Lessor has entered into such True Lease Schedule on the assumption that Lessor will be taxed throughout the Lease Term of the True Lease Schedule at Lessor's federal corporate income tax rate existing on the date of such Lease Schedule (the "Assumed Tax Rate").