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Indemnity Clause. A clause in a master lease agreement that requires lessees to indemnify lessors against any and all claims, suits, actions, damages, liabilities, expenses, costs, including attorney fees, whether or not suit is instituted or incurred in connection with the equipment.
Lease Line. A lease line of credit that allows the lessee to add equipment without having to renegotiate a new lease each time.
Leveraged Lease. A specific lease involving at least three parties: a lessor, a lessee, and a funding source, which allows the lessor/owner to purchase the equipment by making a specific equity investment and to finance the remaining balance by issuing non-recourse note(s) to the lender(s).
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