Excluded Leased Real Property definition

Excluded Leased Real Property shall have the meaning set forth in Section 1.2(l).
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Excluded Leased Real Property means any lease or license (or sublease or sublicense) of Real Property by the Borrower or its Subsidiaries of (a) warehouse space utilized for the storage of equipment in the ordinary course of business, (b) office space for administrative services in the ordinary course of business, (c) suites or skyboxes at entertainment venues for the purpose of hosting customers, employees and other Persons at events occurring at such entertainment venues, (d) signs used for marketing and other purposes in the ordinary course of business, or (e) other Real Property not otherwise covered by clauses (a) through (e) above, so long as the aggregate rents or other payments thereunder in the aggregate over the term of all such leases and licenses (including any renewals solely at the option of the Borrower or any Subsidiary), plus the aggregate amount of all Consolidated Capital Expenditures and Project Costs made by the Borrower and its Subsidiaries with respect to the Real Property encumbered by all such leases and licenses, does not exceed $5,000,000; provided, that (i) the aggregate rent to be paid by the Borrower and its Subsidiaries under all leases or licenses of Real Property described in clauses (a) through (e) above shall not be material to the value of the overall business of the Borrower and its Subsidiaries, taken as a whole, (ii) no such lease or license shall be required to be maintained by the Borrower or any of its Subsidiaries pursuant to any Legal Requirement, including any zoning law or Gaming Law, in order for the Borrower or any of its Subsidiaries to operate the Project, and (iii) no such lease or license shall be deemed “Excluded Leased Real Property” to the extent the loss thereof could reasonably be expected to have a Material Adverse Effect. For purposes of clarification, the Real Property leased by the Borrower pursuant to the XXX Leaseback Agreement, the Ground Lease, the Entertainment Village Lease and the Golf Course Lease shall not be deemed Excluded Leased Real Property.
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Excluded Leased Real Property means the real property leased by either Seller, as tenant, as set forth in Section 1.01(d) of the Disclosure Schedule, together with, to the extent leased by either Seller, all buildings and other structures, facilities or improvements currently or hereafter located thereon, all fixtures, systems, equipment and items of personal property of either Seller attached or appurtenant thereto and all easements, licenses, rights and appurtenances relating to the foregoing.
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Examples of Excluded Leased Real Property in a sentence

  • In accordance with the Site Access Agreement, Buyer shall uninstall and remove such Purchased Assets from the Excluded Leased Real Property and take such other actions as agreed upon in the Site Access Agreement, and Seller shall provide access to the Excluded Leased Real Property to permit Buyer to do so.

  • Schedule 3.18(a)(ii) sets forth all of the Excluded Leased Real Property used in part by the Business and in part by other businesses of the Company and its Affiliates (the “Shared Leased Real Property”).

  • As at 30 September 2006, deposits of approximately HK$3,762,000 (as at 31 December 2005: HK$3,407,000) were pledged with a bank to secure a banking guarantee given to the landlord of a subsidiary.


More Definitions of Excluded Leased Real Property

Excluded Leased Real Property means any Leased Real Property that has been excluded from the Acquisition by Buyer pursuant to Section 6.12, 6.13 or 6.15 of this Agreement.
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Excluded Leased Real Property has the meaning set forth in Section 2.02(m).
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Excluded Leased Real Property means all Leased Real Property other than the Assumed Leased Real Property.
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Related to Excluded Leased Real Property

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Company Leased Real Property has the meaning set forth in Section 3.14(b).

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • Material Leased Real Property shall have the meaning assigned to such term in Section 5.10(b).

  • Leased Real Estate means all real property that the Company or any of its Subsidiaries leases, subleases or otherwise uses or occupies, or has the right to use or occupy, pursuant to a Lease.

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Excluded Personal Property has the meaning set forth in Section 2.2(c).

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Real Property Lease means any lease, sublease, license or other Contract with respect to Real Property.

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Mortgaged Real Property means any parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Material Leasehold Property means a Leasehold Property which (a) is a retail or super store or distribution center or (b) has been reasonably determined by the Administrative Agent to be of material value as Collateral or of material importance to the operations of the Credit Parties after weighing the value of such property as additional Collateral against the costs and expenses associated with satisfying the requirements of Section 6.13.

  • Recorded Leasehold Interest means a Leasehold Property with respect to which a Record Document has been recorded in all places necessary or desirable, in Collateral Agent’s reasonable judgment, to give constructive notice of such Leasehold Property to third-party purchasers and encumbrancers of the affected real property.

  • Real Property Assets means as to any Person as of any time, the real property assets (including interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Estate in Real Property A fee simple estate in a parcel of land.

  • Real Property Leases means all leases, sub-leases, licenses or other agreements, in each case, pursuant to which any Group Company leases or sub-leases any real property.

  • Assumed Leases has the meaning set forth in Section 2.6(b).

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.