Continuing Leases definition

Continuing Leases has the meaning set forth in the Recitals.
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Continuing Leases means leases for the Leased Real Property that will continue to be used by the Company and the Subsidiaries after consummation of the Plan, which excludes the Rejected Leases.
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Continuing Leases means the Leases for each of the Hotels that the ENN Entities are unable to obtain the Necessary Consents.
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Examples of Continuing Leases in a sentence

  • Schedule 1 attached hereto lists all of the Continuing Leases and Continuing Lease Guaranties and all amendments, supplements and other material modifications thereof.

  • Following closing, to the extent that we elect not to extend any or all of the Continuing Leases, the face amount of the Letter of Credit will be reduced proportionally in respect of the rent obligations under the Continuing Leases that are not extended.

  • The Marriott Parties hereby agree that, notwithstanding anything to the contrary set forth in the Reimbursement Agreement, commencing January 1, 2014, no Collateral Event shall be deemed to have occurred with respect to the Continuing Leases, the Continuing Lease Guaranties or the Lifecare Agreements so long as, and at any time that, the Letter of Credit is in effect or Marriott is in possession of L/C Proceeds, in each case sufficient to satisfy the Secured Obligations in full.

  • With respect to the Continuing Leases, the Sellers and the Owners shall have delivered a Tenant Estoppel Certificate substantially in the form of Exhibit 6.3(b) attached hereto.

  • On the terms set forth in this Agreement and subject to the conditions set forth in Section 3 hereof, at the Closing, the Marriott Parties shall execute for the benefit of, and deliver to, Sunrise a written consent to the extension of the Continuing Leases in the form set forth on Exhibit A attached hereto (the “Marriott Consent”).

  • At Closing (I) each Lease with respect to a Property (other than the Continuing Leases) will (A) be a Sonic Lease within the meaning of the Sonic Agreement, and (B) be guaranteed by SAI, and (II) each Continuing Lease will be guaranteed by the Person, if any, guaranteeing such Lease as of the Effective Date.

  • Sunrise hereby authorizes Marriott to deliver, on or after October 1, 2016, Terminating Lease Notices to the Landlord with respect to the Continuing Leases relating to lease terms commencing after December 31, 2018.

  • Marriott has agreed to reduce the face amount of the Letter of Credit proportionally on a quarterly basis during the Extension Term as we pay our rental obligations under the Continuing Leases.

  • The Owners shall have terminated all of the Leases (including, without limitation, licenses and occupancy agreements (and any amendments thereto or extensions thereof), rights of occupancy and rights of possession), other than the Continuing Leases, using a Pre-Acquisition Lease Termination Agreement and Estoppel Certificate substantially in the form of Exhibit 6.3(a) attached -------------- hereto.

  • We provided Marriott with a letter of credit (the “Letter of Credit”) issued by KeyBank, NA (“KeyBank”) with a face amount of $85.0 million to secure Marriott’s exposure under the Lease Guarantees for the Continuing Leases during the Extension Term and certain other of our obligations (collectively, the “Secured Obligations”).


More Definitions of Continuing Leases

Continuing Leases means the Leases with respect to those Properties known as Citrus Chrysler-Plymouth-Dodge, Dade City, Florida; Chrysler-Plymouth Used Car Lot, Dade City, Florida; Saturn of Chattanooga, Chattanooga, Tennessee; Toyota of Cleveland, Cleveland, Tennessee; and the Body Shop Properties.
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Continuing Leases means those leases of certain of the Conifex Group entities listed in Section 1.1(ddd) of the Disclosure Schedule.
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Related to Continuing Leases

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • 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.

  • 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.

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • 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.

  • 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.

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • 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:

  • Facility Leases means agreements for the lease by the Company or any of its Subsidiaries or Joint Ventures of real estate utilized as a vehicle parking facility and/or for ancillary parking and transportation services.

  • New Leases means, collectively, any lease for space at the Property entered into between the Commencement Date and the Closing Date.

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

  • Lease Guaranty A guaranty of certain obligations of Tenant under this Lease executed and delivered by each Guarantor substantially in the form of Exhibit G annexed hereto.

  • Financing Lease any lease of property, real or personal, the obligations of the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee.

  • Real Property Leases has the meaning set forth in Section 4.7(b).

  • Subleases means the Sublease(s) of even date herewith by and between the District and Contractor together with any duly authorized and executed amendment hereto under which the District subleases the Site from the Contractor.

  • Material Leases has the meaning set forth in Section 4.21.

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • Company Leases shall have the meaning set forth in Section 3.12(a).

  • 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.

  • Leases means all present and future leases, subleases, licenses, concessions or grants or other possessory interests now or hereafter in force, whether oral or written, covering or affecting the Mortgaged Property, or any portion of the Mortgaged Property (including proprietary leases or occupancy agreements if Borrower is a cooperative housing corporation), and all modifications, extensions or renewals.

  • Equipment Leases shall have the meaning set forth in Section 2.1(b) hereof.

  • Property Agreements means all agreements, grants of easements and/or rights-of-way, reciprocal easement agreements, permits, declarations of covenants, conditions and restrictions, disposition and development agreements, planned unit development agreements, parking agreements, party wall agreements or other instruments affecting the Property, including, without limitation any agreements with Pad Owners, but not including any brokerage agreements, management agreements, service contracts, Space Leases or the Loan Documents.

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

  • FF&E Leases means all leases of any FF&E and other contracts permitting the use of any FF&E at the Improvements that are assumed by Buyer.

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • Personal Property Leases has the meaning set forth in Section 2.1(e).