Approved New Lease definition

Approved New Lease means any new Lease (i) the terms of which have been approved by Seller as of the date hereof, but which Lease has not been executed and delivered as of the date hereof and (ii) identified on Exhibit C attached hereto. Exhibit C also contains a description of the anticipated major economic terms of each Approved New Lease.
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Approved New Lease is defined in Section 10.3.
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Approved New Lease means a New Lease which (i) has been approved or deemed approved by Buyer pursuant to either Section 14.1 or 14.2 above; or (ii) which Seller is entitled to enter into without Buyer's approval pursuant to Section 14.2 above.
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Examples of Approved New Lease in a sentence

  • Purchaser shall (A) assume all payment and performance obligations of Seller in respect of Tenant Concessions (other than free rental attributable to the period prior to and including Closing) that become due and payable (whether before or after Closing) in connection with any Approved New Lease, and (B) shall not receive a credit against the Purchase Price therefor.

  • At the Close of Escrow, Seller shall receive a credit and Buyer shall be charged for Buyer's Total Share of Approved New Lease Costs.

  • With respect to any Approved New Lease entered into after the date on which Bedford has delivered to Seller its written notice of approval of its conditions as provided in Section 10.1.4 hereof, Bedford shall pay all leasing commissions and tenant improvement costs incurred in connection with such Approved New Lease, not to exceed the amounts disclosed in writing to and approved in writing by Bedford in connection with its approval of such Approved New Lease.

  • Purchaser has no right to review and approve any Approved New Lease during the Inspection Period, but Seller agrees to furnish Purchaser copies of any Approved New Lease signed during the Inspection Period promptly following receipt thereof.

  • At Closing, Venture will reimburse Property Owner for any Tenant Concessions, leasing commissions or other reasonable out of pocket expenses actually incurred by Property Owner pursuant to a renewal or expansion of any existing Lease executed after the Effective Date or Approved New Lease.

  • Purchaser’s failure to respond within five (5) Business Days after receipt of a request for approval, together with a copy of the proposed Approved New Lease or letter of intent to lease and credit information on the proposed replacement tenant or tenants, shall be deemed approval by Purchaser.

  • Seller shall not enter into any new lease or lease modifications, renewals or extensions ("Lease Transaction(s)"), the terms of which shall be assumed by Buyer at Closing, without Buyer's consent (not to be unreasonably withheld) which if given, will cause each such Lease Transactions to be deemed an "Approved New Lease Transaction" for purposes of this Agreement.

  • Buyer's failure to provide written notice of its approval or disapproval to Seller within such two (2) business day period shall be deemed approval, and the subject Lease Transaction shall be deemed an "Approved New Lease Transaction" for purposes of this Agreement.

  • The sheathing shall prevent the intrusion of cement paste and the escape of coating material.

  • With respect to any Approved New Lease (defined in Section 10.1.4), Bedford shall pay all leasing commissions and tenant improvement costs incurred in connection with such Approved New Lease, not to exceed the amounts set forth in Section 10.1.4. Seller shall provide Bedford with copies of invoices or other reasonably satisfactory evidence of payment of such expenses that are the subject of reimbursement by Bedford, together with copies of any lien releases to the extent obtained by Seller.


More Definitions of Approved New Lease

Approved New Lease means a new lease for space with respect to the Assets which is approved or deemed approved by Prudential pursuant to the terms of Paragraph 10.3 hereof, or, any lease for space entered into after Closing by Venture Five (or any Subsidiary LLC, as applicable).
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Approved New Lease. Any new Space Lease entered into by Borrower for any occupancy of space within the Real Property which is approved by Lender, is deemed approved by Lender pursuant to Section 4.25.8 or Section 4.25.9 below, or which satisfies the criteria in Section 4.25.7 below and does not require the prior approval of Lender.
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Related to Approved New Lease

  • Approved Lease means (a) each existing Lease as of the Closing Date as set forth in the Leasing Affidavit and (b) each Lease entered into after the Closing Date in accordance with the terms and conditions contained in Section 9.09 as such leases and related documents shall be Modified as permitted pursuant to the terms of this Agreement.

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • Approved Valuer means a firm of valuers recognized as such by the Income Tax Department and having experience of valuing at least 5 (five) properties exceeding Rs. 100 cr. (Rupees one hundred crore) each in value;

  • Approved Location means (a) a storage terminal or facility located in the United States or Canada owned by the Borrower or a Subsidiary; or (b) other storage location located in the United States or Canada identified by the Borrower by notice to the Administrative Agent for which, if requested by the Administrative Agent, the Borrower has used commercially reasonable efforts to cause the owner, operator or landlord thereof to execute and deliver, a waiver of lien, subordination agreement or similar agreement in form and substance reasonably acceptable to the Administrative Agent with respect to any inventories of Petroleum Products stored at such terminal or facility.

  • Site or Area means the vacant space or any area which is to be given on rent.

  • Site Lease means the lease of part of the Site from the Minister for Finance on behalf of the State to the Company;' ;

  • Approved Annual Budget shall have the meaning set forth in Section 5.1.11(d) hereof.

  • Major Lease shall have the meaning assigned to such term in the Mortgage Loan Agreement.

  • Sale and Lease-Back Transaction means any arrangement providing for the leasing by the Issuer or any of its Restricted Subsidiaries of any real or tangible personal property, which property has been or is to be sold or transferred by the Issuer or such Restricted Subsidiary to a third Person in contemplation of such leasing.

  • Superior Lease means the document which sets out the obligations your Landlord has made to their Superior Landlord. The promises contained in this Superior Lease will bind the Tenant if they have prior knowledge of those promises.

  • Leasehold Mortgage means a mortgage, a deed of trust, a deed to secure debt, or other security instrument by which the Leasehold is mortgaged, conveyed, assigned, or otherwise transferred to secure a debt or other obligation.

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • Eligible Ground Lease means a ground lease that (a) has a minimum remaining term of twenty-five (25) years, including tenant controlled options, as of any date of determination, (b) has customary notice rights, default cure rights, bankruptcy new lease rights and other customary provisions for the benefit of a leasehold mortgagee or has equivalent protection for a leasehold permanent mortgagee by a subordination to such leasehold permanent mortgagee of the landlord’s fee interest, and (c) is otherwise acceptable for non-recourse leasehold mortgage financing under customary prudent lending requirements. The Eligible Ground Leases as of the date of this Credit Agreement are listed on Schedule EG.

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Operating Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which is not a Capital Lease.

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • Sale and Leaseback means, with respect to any Person, the sale of Property owned by that Person (the “Seller”) to another Person (the “Buyer”), together with the substantially concurrent leasing of such Property by the Buyer to the Seller.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Lease means any agreement, whether written or oral, no matter how styled or structured, pursuant to which a Loan Party is entitled to the use or occupancy of any space in a structure, land, improvements or premises for any period of time.

  • Permitted Sublease means a sublease permitted under Section 7.2.7 of the Lease.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Permitted Sale and Leaseback Transaction has the meaning provided in Section 3.02(b).

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Major renovation means the renovation of a building where:

  • Approved Appraiser means any of the following: Xxxxx Xxxxxxxx Xxxxxx, Xxxxx, H Xxxxxxxx & Co. Ltd., London, X.X. Xxxxxx Shipbrokers, Norway, or Fearnley AS, Norway.