Acquired Lease definition

Acquired Lease means each Lease that is assumed by any Seller and assigned to Buyer pursuant to the terms of this Agreement.

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Acquired Lease means any Lease which is assumed and assigned by any of Sellers to Purchaser pursuant to the exercise by Purchaser of the Designation Rights.

Acquired Lease means the Lease for the Acquired Leased Real Property.

Examples of Acquired Lease in a sentence

• Parent shall guarantee any Acquired Lease as required pursuant to Section 6.2(a) hereof.

• Upon request from the Company, Parent agrees to provide a guarantee of Purchaser Sub’s obligations under any or all of the Acquired Leases in form and substance reasonably satisfactory to the landlord party to such Acquired Lease and the Company.

• At Closing, Parent shall reimburse the Company for any cash or other collateral posted by the Company or its Affiliates resulting from renewing, extending, amending or supplementing any Acquired Lease for any period after the Closing, and each Party shall reimburse the other Party in accordance with Section 2.2(e) for any payments by a Party in connection with any actions such Party takes with respect to obtaining any consents to assign the Acquired Leases.

• The Company and its Affiliates have a valid leasehold interest in all properties subject to an Acquired Lease, free and clear of all Liens except for Permitted Liens.

• Upon request from Parent or Seller, Fred’s agrees to provide a guarantee of Buyer’s obligations under any or all of the Acquired Leases in form and substance reasonably satisfactory to the landlord party to such Acquired Lease and Parent.

• From the Closing Date to the applicable Release Date, Buyer shall provide Parent with prompt written notice upon entering into any renewal, extension, amendment or supplement of any Acquired Lease resulting in an extension of such Acquired Lease.

• Such notice shall also set forth Sellers’ good faith estimate of the amounts necessary to cure any defaults under each of the Assigned Contracts and any Acquired Lease as determined by Sellers based on their books and records or as otherwise determined by the Bankruptcy Court.

• At the Closing, Sellers shall, pursuant to the Sale Order, and the Assignment and Assumption Agreement(s) assume and assign to Purchaser (the consideration for which is included in the Purchase Price), all Assigned Contracts and any Acquired Lease that may be assigned by any such Seller to Purchaser pursuant to sections 363 and 365 of the Bankruptcy Code, subject to adjustment pursuant to Section 1.5(b).

• Sellers shall provide timely and proper written notice of the motion seeking entry of the Sale Order to all parties to any executory Contracts or unexpired Leases to which any Seller is a party that are Assigned Contracts or an Acquired Lease and take all other actions reasonably necessary to cause such Contracts to be assumed by Sellers and assigned to Purchaser pursuant to section 365 of the Bankruptcy Code to the extent that such Contracts are Assigned Contracts or an Acquired Lease at Closing.

• On the date hereof, Sellers shall set forth on Schedule 3.6(a) their good faith estimate of the Cure Costs of each executory Assigned Contract, Material Contract, and unexpired Lease, including the Acquired Lease.

More Definitions of Acquired Lease

Acquired Lease means the lease for 1195 ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ 1187 ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, each located in the city of Creve Coeur, County of St. ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (▇▇e "ACQUIRED LEASE"). With respect to property leased by the Seller in connection with the Business, including, without limitation, the Acquired Lease, (i) the Seller is the owner and holder of all the leasehold interests and estates purported to be granted by such leases, (ii) all leases to which the Seller is a party are in full force and effect and constitute valid and binding obligations of the Seller and, to the knowledge of the Seller, of the other parties thereto, enforceable in accordance with their terms, (iii) there is no pending or, to the knowledge of the Seller, threatened proceeding against the Seller that might interfere with the quiet enjoyment of the lessee under any such lease, and (iv) the Seller has made available to the Purchaser true and correct copies of all leases referred to in SCHEDULE 3.8(b). There exists no default, or any event which upon notice or the passage of time, or both, would give rise to any default, in the performance by the Seller or, to the knowledge of the Seller, the lessor under any lease. The Seller has not, and to the knowledge of the Seller, no other Person has, granted any oral or written right to anyone other than the Seller to lease, sublease or otherwise occupy any of the properties described in SCHEDULE 3.8(b) through the end of the applicable lease periods.

Acquired Lease any lease, sublease, license, or other written agreement (including any amendment, modification or supplement thereof) made or entered into prior to the Closing under the terms of which the Company or any of its Subsidiaries has any right to occupy or use any Acquired Theatre or any part thereof or interest therein. "Acquired Theatre(s)"—the theatres listed on Annex I as being acquired by Buyer.

Acquired Lease shall have the meaning given to such term in Section 4.15(b).

Acquired Lease has the meaning specified in Section 3.8.