Lease Obligations

Lease Obligations. Means the collective reference to the payment obligations and undertakings applicable to the Lessee contained in or arising under the Lease or any of the other Operative Agreements to which the Lessee is a party, including, but not limited to, the full and punctual payment by the Lessee, when due, of any and all Rent, the payments required pursuant to Section 17.2 and 17.3 of the Lease, the Purchase Option Price and the Final Rent Payment.

Lease Obligations. Means, at any date, the obligations of the Borrower under leases of real or personal property for a remaining term of one (1) year or longer (including taxes, insurance, maintenance and similar expenses which the Borrower is required to pay under any such lease) whether or not such obligations are reflected as liabilities on the balance sheet of the Borrower or in a note thereto.