Earnout Lease definition

Earnout Lease means: (a) a Lease with a tenant listed on Exhibit A-2 that relates to Earnout Space, (b) a Lease entered into between Seller and a third party prior to Closing in accordance with the terms of this Agreement that relates to Earnout Space; and (c) a Post Closing Earnout Lease (as defined below).
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Earnout Lease has the meaning set forth in Section 1.16 of this Agreement.
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Examples of Earnout Lease in a sentence

  • However, the local response to global methane reduction is stronger in locations where local NOx emissions are high and O3 formation is VOC-limited.

  • USOR partners with other agencies, including employers, the DWS, Community Rehabilitation Programs (CRPs) and the Division of Services for People with Disabilities (DSPD).

  • At the expiration of the Master Lease Period and the Earnout Period, Buyer shall retain any amounts in the TI/Commission Escrow for any spaces which are not subject to an executed Post Closing Earnout Lease or Post Closing Burn-Off Lease.

  • The measures provided for in this Regulation are in accordance with the opinion of the Management Committee for the Common Organisation of agricultural annex I to that Regulation and prices for those Markets, products on the Community market may be covered by an export refund.

  • Prior to the fourth anniversary of the Effective Date, Landlord shall, at Guarantor's request, make a Lease Advance to Tenant in an amount not to exceed ten percent (10%) of the Maximum Lease Amount ("Earnout Lease Advance") upon satisfaction of the Earnout Conditions (defined below).

  • If, during the Earnout Period and for six (6) months thereafter, Buyer leases any space within the Property to the prospective tenant which it previously rejected upon material terms substantially the same or more favorable to tenant as originally submitted, the lease entered into shall be deemed to be an Earnout Lease (regardless of whether the Earnout Period has expired), and the Earnout Payment with respect to such Earnout Lease shall be due and payable immediately to the applicable Seller.

  • If, during the Earnout Period and for six (6) months thereafter, Buyer leases any space within the Property to the prospective tenant which it previously rejected upon material terms substantially the same or more favorable to tenant as originally submitted, the lease entered into shall be deemed to be an Earnout Lease (regardless of whether the Earnout Period has expired), and the Earnout Payment with respect to such Earnout Lease shall be due and payable immediately to the Seller.

  • If Guarantor has not previously closed the Guarantor Option, the Earnout Lease Advance may be used only to pay the Purchase Price or Asset Purchase Price as defined in the Guarantor Option Agreement.

  • Each advance of the Earnout Proceeds shall be calculated by dividing the total base rent (net of any concessions) due during the first year of the Earnout Lease by 7.5910%.

  • Each Earnout Lease and the terms and conditions thereof shall be subject to the review and approval by Buyer, which approval may be granted or withheld in Buyer’s sole but reasonable discretion.

Related to Earnout Lease

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

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

  • 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).

  • 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.

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • 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:

  • 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.

  • Net Lease means a lease in which the tenant undertakes to pay all or substantially all the cash expenses, excluding debt service, related to the leased property.

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

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

  • 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.

  • Existing Franchise Agreement means that certain franchise license agreement between the Seller and the Franchisor, granting to Seller a franchise to operate the Hotel under the Brand.

  • Assumed Leases has the meaning set forth in Section 2.1(l).

  • 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.

  • 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.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • 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.

  • Occupancy Agreement means a written agreement entered into between an assisted living program and a tenant that clearly describes the rights and responsibilities of the assisted living program and a tenant, and other information required by rule. “Occupancy agreement” may include a separate signed lease and signed service agreement.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Design-Build Agreement means the design and construction agreement between Project Co and the Design-Builder, a certified copy of which has been delivered by Project Co to the Authority, as amended, supplemented or replaced from time to time in accordance with this Agreement;

  • New Leases means those leases, license agreements and occupancy agreements encumbering any Real Property which are entered into after the Effective Date in accordance with the terms of this Agreement, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

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

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • 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.

  • Financing Lease means 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.