Designated Lease definition

Designated Lease means any lease in respect of any industrial land granted to a lessee by a relevant body —

Designated Lease means, on any date of determination, a lease of space within the Property or any Other Property, (a) which (1) has been approved or deemed approved by Lender in accordance with this Agreement or the applicable Other Loan Documents, as the case may be, or (2) is a proposed new lease (or proposed amendment to a lease described under clause (a)(1) above) assumed to have taken effect pursuant to Section 4.02(c) below for the sole purpose of calculating whether the Property and the Other Property will, after giving effect to such proposed lease or amendment, satisfy the then required minimum Pro Forma Debt Yield Ratio and minimum Pro Forma Minimum Debt Service Coverage Ratio, (b) which has a remaining term of not less than three (3) months (and is not month-to-month), (c) under which the tenant has taken occupancy and commenced paying rent, or, in the case of a proposed new lease described under clause (a)(2) above, the tenant will take occupancy and commence paying rent within the immediately following three (3) month period, and (d) under which no Tenant Monetary Default has occurred and is continuing.

Designated Lease has the meaning set forth in Section 2.8(c).

Examples of Designated Lease in a sentence

• New Secured Party agrees to be bound by the terms thereof and hereby authorizes Collateral Agent to act on its behalf under the Collateral Agency Agreement with respect to its Designated Lease Assets set forth on Schedule I attached hereto.

• The rejection of any Designated Contract or Designated Lease shall be effective without further order of the Bankruptcy Court.

• Time is of the essence in assuming and assigning the Designated Lease in connection with the Court approved Sale Transaction.

• The Designated Lease constitutes property of the Debtors’ estates, and title thereto is vested in the Debtors’ estates within the meaning of 541(a) of the Bankruptcy Code.

• For the avoidance of doubt, (i) all Contracts and Leases not set forth on Schedule 2.7(b) immediately prior to the Closing shall be a Designated Contract or Designated Lease, as applicable, and (ii) all Designated Contracts assumed and assigned to Buyer or its designee pursuant to this Section 2.7(c) shall be Transferred Contracts, and all Designated Leases assumed and assigned to Buyer pursuant to this Section 2.7(c) shall be Assumed Leases.

More Definitions of Designated Lease

Designated Lease means an agreement for the use or possession of property entered into in connection with a Sale-and-Leaseback Transaction that does not create Capital Lease Obligations and that has a Weighted Average Life to Expiration that is less than either the Weighted Average Life to Maturity of the Obligations or the number of years remaining at such time until April 21, 2007. Notwithstanding anything to the contrary contained herein, no Contractual Obligations existing on the date hereof (including any extensions or renewals thereof) will constitute a Designated Lease under this Credit Agreement.

Designated Lease shall have the meaning ascribed to such term in Section 3.1(i) of this Agreement.

Designated Lease has the meaning set forth in Section 2.7(c). “Designation Counterparty” has the meaning set forth in Section 2.7(c). “Designation Notice” has the meaning set forth in Section 2.7(c). 6 Seller NTD: To include only Latin America (including Brazil), Philippines, and Mexico subsidiaries.

Designated Lease means each of the existing Space Leases set forth on Exhibit G attached hereto and made a part hereof.

Designated Lease means any of the Cirrus Logic Lease, the Vxxxxx & Exxxxx Lease, the Sigmatel Lease, the Westech Lease or any Lease related to any Tenant Relocation Event.

Designated Lease all unexpired Leases not set forth on Schedule 2.8(b) immediately prior to the Closing.

Designated Lease. PREMISES: Suite 210 of the Office Building located at 0000 Xxxxx Xxxxxxx Xxxxxxxxx, as more fully described in Exhibit "A" attached hereto, comprising the following area: