Final Staircasing definition

Final Staircasing means the purchase by the Leaseholder from the Landlord of such Portioned Percentage that reduces the Unacquired Percentage to nil.
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Final Staircasing means the purchase by the Leaseholder from the Landlord of such Portioned Percentage that reduces the Unacquired Percentage to nil
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Final Staircasing means the purchase by the Leaseholder from the Landlord of such Portioned Percentage that increases the Acquired Percentage to the Maximum Percentage.
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Examples of Final Staircasing in a sentence

  • If a Mortgagee enforces its security in respect of the Loan then (subject to the other provisions of this Clause 5.15 the Mortgagee is entitled to deduct the amount of the Mortgagee Protection Claim from monies that would otherwise be paid to the Landlord as the price for the Final Staircasing.

  • There is no obligation on a Mortgagee to accomplish Final Staircasing.

  • If a Mortgagee enforces its security in respect of the Loan then (subject to the other provisions of this Clause 8 (Mortgage protection )) the Mortgagee is entitled to deduct the amount of the Mortgagee Protection Claim from monies that would otherwise be paid to the Landlord as the price for the Final Staircasing.

  • For the purpose of this Clause 17.1.1(c) the onus of proof is on the Landlord to show the sale was at an undervalue; and the Leaseholder has not, prior to any default occurring under the Loan, accomplished Final Staircasing.

  • The Leaseholder covenants with the Landlord to pay the Service Charge during the Term by equal payments in advance at the same time and in the same manner in which the Specified Rent is payable under this Lease, or following Final Staircasing, by any other method that the Landlord from time to time reasonably requires by giving notice to the Leaseholder.

  • Not without the prior written consent of the Landlord (such consent not to be unreasonably withheld) to assign the whole of the Premises before Final Staircasing has been accomplished.

  • The existing definition of Pre-emption Period shall be deleted and replaced with the following: “Pre-emption Period” means the period commencing on the Commencement Date and ending on the date of Final Staircasing.

  • For the purpose of this clause 8.3.3 the onus of proof is on the Landlord to show the sale was at an undervalue; and the Leaseholder has not, prior to any default occurring under the Loan, accomplished Final Staircasing.

  • If a Mortgagee enforces its security in respect of the Loan then (subject to the other provisions of this clause 8) the Mortgagee is entitled to deduct the amount of the Mortgagee Protection Claim from monies that would otherwise be paid to the Landlord as the price for the Final Staircasing.


More Definitions of Final Staircasing

Final Staircasing means the purchase of such Portioned Percentage as reduces the Relevant Percentage to nil
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Final Staircasing means the final disposal by the Landlord to the lessee of an Intermediate Housing Unit
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