Casino Ground Lease definition

Casino Ground Lease means that certain Lease Agreement by and between Landlord, as lessor, and Celebration Park Casino, Inc. (n/k/a Grand Palais Casino, Inc.), as lessee, dated as of April 27, 1993, recorded on April 27, 1993 in the conveyance records of the Parish of Orleans at Notarial Archives No. 93-018036 as Conveyance Office Instrument No. 68200, as assigned to HJC by Assignment and Assumption of Sublease, dated as of March 15, 1994, filed March 16, 1994 under Notarial Archives No. 94-13862, as Conveyance Instrument No. 83931, and as amended by Amended Lease Agreement, dated as of March 15, 1994, recorded on March 16, 1994 in the conveyance records of the Parish of Orleans at Notarial Archives No. 94-13887 as Conveyance Office Instrument No. 83942, as amended by Amendment to Lease Agreement, dated as of October 5, 1994, recorded on October 6, 1994 in the conveyance records of the Parish of Orleans at Notarial Archives No. 94-46778 as Conveyance Office Instrument No. 94519, and as amended and restated in that certain Amended and Restated Lease Agreement among Landlord, Mortgagor and the City of New Orleans, as intervenor, dated as of October 29, 1998 and recorded in the conveyance records of the Parish of Orleans at Notarial Archives No. _______ as Conveyance Office Instrument No. ______, as the same may be assigned, amended, modified, restated or supplemented from time to time, constituting a sublease of the Casino Premises in connection with a ground lease created by the City Lease.
Sample 1
Casino Ground Lease means that certain Ground Lease dated as of May 19, 1999 by and between the City of Shreveport, as landlord, and Mortgagor (formerly known as QNOV), as tenant, recorded on July 13, 1999, under Registry No. 1663803 of the records of Caddo Parish, Louisiana, and under Registry No. 683243 of the records of Bossier Parish, Louisiana.
Sample 1Sample 2Sample 3

Examples of Casino Ground Lease in a sentence

  • Nothing in this Mortgage shall limit or waive any rights granted to Mortgagee as a "Leasehold Mortgagee" or the "First Leasehold Mortgagee," as the case may be, under and as defined in the Casino Ground Lease.

  • Mortgagee, by accepting this Mortgage, consents to the terms and provisions of the Casino Ground Lease, and the rights, titles and interests created in favor of the Lessor thereunder shall not constitute a default under any provisions of this Mortgage.

  • Mortgagor acknowledges and agrees that the 365(h) Election is in the nature of a remedy available to Mortgagor under the Casino Ground Lease and is not a property interest that Mortgagor can separate from the Casino Ground Lease as to which it arises.

  • Mortgagor further acknowledges that exercise of the 365(h) Election in favor of terminating the Casino Ground Lease would constitute waste prohibited by this Mortgage unless Mortgagee shall have consented to such termination, such consent not to be unreasonably withheld.

  • If the Casino Ground Lease is for any reason terminated prior to the natural expiration of its term, and if, pursuant to any provision of the Casino Ground Lease or otherwise, Mortgagee or its designee shall acquire from the Lessor a new lease of all of any portion of the Land, Mortgagor shall have no right, title or interest in or to such new lease or the leasehold estate created thereof.

  • Mortgagor will at all times fully perform and comply in all material respects with all agreements, covenants, terms and conditions imposed upon or assumed by it as lessee under the Casino Ground Lease and Mortgagor further covenants that it will not do or permit anything to be done, the doing of which, or refrain from doing anything, the omission of which, will impair or would reasonably be expected to impair the security of this Mortgage.

  • To take possession of the Land under the Casino Ground Lease and the Shreveport Resort, remove all employees, contractors and agents of Mortgagor therefrom, complete or attempt to complete the work of construction of the Shreveport Resort, and market, sell or sublease the Land and the Shreveport Resort.

  • Mortgagor's right under such circumstances to elect either to treat the Casino Ground Lease as terminated or to retain its rights under the Casino Ground Lease pursuant to Section 365(h) of the Federal Bankruptcy Code or any similar Bankruptcy Law, or any comparable right provided under any other Bankruptcy Law, shall be hereinafter referred to as the "365(h) Election".

  • Except as permitted by the Indenture, Mortgagor will not surrender the leasehold estate and interest hereinabove described or terminate or cancel the Casino Ground Lease.

  • Unless Mortgagee directs otherwise in writing, Mortgagor shall exercise the 365(h) Election in favor of Mortgagor's remaining in possession under the Casino Ground Lease at least five (5) Business Days prior to the last day on which the 365(h) Election may be exercised.

Related to Casino Ground Lease

  • 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:

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • Franchise Area means the area within the jurisdictional boundaries of the City, including any areas annexed by the City during the term of this Franchise.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Master Leases refers to the four second amended and restated master lease agreements, dated as of April 27, 2007, by and among the Operating Partnership and Kindred Healthcare, Inc. and Kindred Healthcare Operating, Inc.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Qualified Ground Lease means each of the ground leases or ground subleases set forth on Schedule 1.01(d) hereto and for a Future Property means any ground lease (a) which is a direct ground lease or ground sublease granted by the fee owner of real property or a master ground lessee from such fee owner, (b) which may be transferred and/or assigned without the consent of the lessor (or as to which the lease expressly provides that (i) such lease may be transferred and/or assigned with the consent of the lessor and (ii) such consent shall not be unreasonably withheld or delayed) or subject to certain reasonable pre‑defined requirements, (c) which has a remaining term (including any renewal terms exercisable at the sole option of the lessee) of at least twenty (20) years, (d) under which no material default has occurred and is continuing, (e) with respect to which a Lien may be granted without the consent of the lessor (but subject to customary requirements regarding the nature of the holder of such Lien and prior notice to the lessor), (f) which contains customary and reasonable lender protection provisions, including, without limitation, provisions to the effect that (i) the lessor shall notify any holder of a Lien in such lease of the occurrence of any default by the lessee under such lease and shall afford such holder the option to cure such default, and (ii) in the event that such lease is terminated, such holder shall have the option to enter into a new lease having terms substantially identical to those contained in the terminated lease and (g) which otherwise contains no non-customary terms that are material and adverse to the lessee.

  • Site Lease or “Lease” means this Site Lease together with any duly authorized and executed amendment hereto under which the District leases the Site to the Lessee.

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Hotel means any establishment used for the purpose of temporary, overnight lodging for which a fee is paid and reservations are required.

  • Hotel Site means the real property on which the Hotel is located or to be located, as approved by us.

  • 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.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

  • Ground Lessor means the lessor under the Ground Lease.

  • Master Lease means any master lease now or hereafter entered into, in which the Healthcare Facility is aggregated with other HUD-insured healthcare facilities and leased to a Master Tenant and any amendments or joinders thereto.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Ground Lessee means the Owner Lessor as lessee of the Ground Interest under the Facility Site Lease.

  • Easement Area means the area of the servient lot marked on the survey-strata plan as being subject to the relevant easement; and

  • Franchise Agreement or “Agreement” shall mean this Agreement and any amendments or modifications hereto.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.