Master Lease Agreement Sample Clauses


Master Lease Agreement. To the extent that, and at the time that, GTA-IB, Lender or any successor owner of the Property (a “Successor Property Owner”) derives a cash savings under the Rental Pool Agreement (i.e., a liquidated reduction in a liquidated financial obligation of GTA-IB) from the settlement or final adjudication of the Ball Claims and, to the extent that Successor Property Owner is not obligated to pay participants in the rental pool pursuant to the terms of that certain Innisbrook Rental Pool Master Lease Agreement effective as of January , 2002 (as amended from time to time) (including, without limitation, by that First Addendum effective January 1, 2002; that certain Second Addendum dated December 2001; and by those certain Annual Lease Agreements executed by certain lessors to adopt the benefits and burdens of the Innisbrook Rental Pool Master Lease Agreement for the relevant forthcoming year), then any amounts that the GTA Parties are otherwise entitled to under Article 5.2 of the Defense and Escrow Agreement shall be offset against the GTA Parties and allocated to Borrower by an amount which represents thirty percent (30%) of such cash savings (i.e., a liquidated reduction in a liquidated financial obligation of GTA-IB) as amended or adjusted and to the extent that it is actually realized.


Master Lease Agreement that certain Innisbrook Rental Pool Master Lease Agreement dated January 1, 2002, by and among certain lessors and Golf Host Resorts, Inc., as lessee, as amended from time to time (including, without limitation, by that First Addendum dated October 5, 2001; that certain Second Addendum dated December, 2001; and by those certain Annual Lease Agreements executed by certain lessors to adopt the benefits and burdens of the Innisbrook Rental Pool Master Lease Agreement for the relevant forthcoming year), as hereafter modified with the prior written consent of Owner and Westin; provided, however, that Westin’s prior written consent shall not be required with respect to non material changes that do not affect the economic terms and provisions thereof (although a copy of any such change shall be delivered to Westin).

Master Lease Agreement. The Consolidated, Amended and Restated Master Lease Agreement, dated November 2, 2000, between Getty Properties Corp. and Getty Petroleum Marketing Inc. has not been amended since its date of execution and has been duly authorized, executed and delivered by the Company and constitutes a valid and legally binding agreement of the Company and, to the Company’s knowledge, Getty Petroleum Marketing Inc. enforceable against the Company and , to the Company’s knowledge, Getty Petroleum Marketing Inc. in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally or by equitable principles relating to enforceability.

Master Lease Agreement. Commencing on the Closing Date, Purchaser, as landlord, shall lease to Seller, as tenant, the Leased Premises pursuant to one or more lease agreements (collectively, the “Master Lease Agreement”) substantially in the form attached as Exhibit C hereto. The Master Lease Agreement shall have an initial term of fifteen (15) years. Seller shall have the right to renew the term of the Master Lease Agreement, on a Property-by-Property basis, for up to eighty-five (85) additional years (i.e., 17 renewal terms of 5 years each) at the Banking Center Properties and up to thirty-five (35) additional years (i.e., 7 renewal terms of 5 years each) at all other Properties.

Master Lease Agreement. The Memorandum of Lease and any RIDERS signed by Landlord and Tenant are attached to and made a part of this Master Lease Agreement. The Memorandum of Lease and the applicable RIDER shall be construed in light of this Master Lease Agreement but in case of conflict, the Memorandum or the RIDER corresponding to particular Lease Premises will take precedence.

Master Lease Agreement. The pricing, pass-through costs, other out-of-pocket costs and other material terms and conditions under the Master Lease Agreement in the aggregate are no less favorable to Opco than the transfer pricing, pass-through costs and other material terms and conditions applicable to the Business and its operation in the same properties during the year prior to the date hereof, subject to reasonable and customary price adjustments (“Acceptable Adjustments”) and pass-through increases imposed by third parties (“Acceptable Increases”).

Master Lease Agreement. That certain Master Lease Agreement pertaining to the Property, entered into by Seller, as tenant, and The Guider Group, LLC and Lake Riley, LLC, as landlord, dated July 10, 2013. 2


Master Lease Agreement. On the date of Closing, Seller and Buyer shall finalize and execute a master lease agreement (the “Master Lease”) in the form substantially similar to

Master Lease Agreement. This Master Lease Agreement (“Lease”) is made and entered into as of June 1, 2004 (the “Effective Date”) between GRAND TERRACE ASSISTED LP, a limited partnership organized under the laws of the State of Washington (“Landlord”), having its principal office located at 600 University Street, Suite 2500, Seattle, WA 98101, and Emeritus Corporation, a corporation organized under the laws of the State of Washington (“Tenant”), having its chief executive office located at 3131 Elliott Avenue, Suite 500, Seattle, Washington 98121.R E C I T A L S