Swap Equipment Transactions

Swap Equipment Transactions. Shall mean, collectively, the series of successive transactions, to occur on or subsequent to the Sale-Leaseback Date, pursuant to which (i) the Existing Equipment Lessor shall convey any of the Existing Leased Equipment intended for lease pursuant to the SPV Master Lease to Hops or the Lessor, (ii) the Lenders shall release their Liens on the Swap Equipment, and (iii) Hops shall convey the Swap Equipment to the Existing Equipment Lessor in substitution for that ... portion of the Existing Leased Equipment constituting Sale-Leaseback Personalty being conveyed by Hops to the SPV pursuant to the Sale-Leaseback Agreement. View More