Hypothetical Lease a lease: of the whole of the Premises; on the same terms as this Lease (including this Schedule 2) except for: the amount of Main Rent reserved immediately before the Rent Review Date; any rent free period, rent concession or any other inducement received by the Tenant in relation to the grant of this Lease; any break clause in this Lease, other than any right to terminate in Schedule 4;92 [and] [ANY OTHER SPECIFIC EXCLUSIONS] by a willing landlord to a willing tenant; with vacant possession; without any premium payable by or (subject to paragraph (qq) of the definition of “Assumptions”) to the willing tenant; for a term of [LENGTH] years starting on the Rent Review Date; [and] with rent review dates every [five] years[.][; and] [with a right for the tenant to bring the Hypothetical Lease to an end on [or at any time after] the [NUMBER] anniversary of the date on which the term starts.]93

Examples of Hypothetical Lease in a sentence

Any corresponding break clauses in the Hypothetical Lease should be included in paragraph (h) of this definition.
Property Owner MOA Real Property Assessments Sale History Subject Lease Summary Hypothetical Lease Summary Scope of AppraisalA title report was not provided.
Any corresponding break clauses in the Hypothetical Lease should be included in sub-paragraph (s).
The Central QREZ investment (estimated completion 2026) will provide additional transmission capacity into the region and support connection of up to 3,300 MW of renewable generation capacity (out of the 25,000 MW total required by 2035).
Debtor and Secured Party have entered into a sale-leaseback transaction with respect to the M/V GREEN BAY, a 199.99 m, U.S.-flag, RO-RO, pure car/truck carrier, U.S. Official Number 1204654 (the “Vessel”), pursuant to the terms of that certain Bareboat Charter Agreement dated of even date herewith between Debtor, as “Charterer”, and Secured Party, as “Owner” (the “Bareboat Charter”).

More Definitions of Hypothetical Lease

Hypothetical Lease means a lease: of the whole of the Premises; on the same terms as this Lease (including this Part of the Schedule) except for: the amount of Rent payable immediately before the Rent Review Date; any rent free period, rent concession or any other inducement received by the Tenant in relation to the grant of this Lease; any break clause in this Lease, other than any right to terminate in Part 5 of the Schedule86[; [Insert any other specific exclusions]]; [and] the definitions of "Base Rent" and "Turnover Rent", the reference to those terms in Clause 4.1, the entirety of Clause 3.7 and Part 10 of the Schedule and the words "Except when Clause 3.7 applies" in Clause 3.2 and the entirety of paragraph 5. of Part 5 of the Schedule[; and the entirety of Clause 4.15.3 and Error: Reference source not found of the Schedule]; by a willing landlord to a willing tenant; with vacant possession; without any premium payable by or (subject to paragraph (e) of the definition of "Assumptions") to the willing tenant; for a term of [Insert length] years starting on the Rent Review Date; [and] with rent review dates every [five] years[; and

Hypothetical Lease means a lease:

Hypothetical Lease a lease: of the whole of the Premises; on the same terms as this Lease (including this Schedule 2) except for: the amount of Main Rent reserved immediately before the Rent Review Date; any rent free period, rent concession or any other inducement received by the Tenant in relation to the grant of this Lease; any break clause in this Lease, other than any right to terminate in Schedule 4;95 [and] [ANY OTHER SPECIFIC EXCLUSIONS] the definitions of “Base Rent” and “Turnover Rent”, the reference to those terms in clause 4.1, the entirety of clause 3.7 and Schedule 9 and the words “Except when clause 3.7 applies” in clause 3.2 and the entirety of paragraph 5 of Schedule 4; [and] [the entirety of clause 4.15.3 and Schedule 10;] by a willing landlord to a willing tenant; with vacant possession; without any premium payable by or (subject to paragraph (ff) of the definition of “Assumptions”) to the willing tenant; for a term of [LENGTH] years starting on the Rent Review Date; [and] with rent review dates every [five] years[.][; and] [with a right for the tenant to bring the Hypothetical Lease to an end on [or at any time after] the [NUMBER] anniversary of the date on which the term starts.]96

Hypothetical Lease means a lease: of the whole of the Premises; on the same terms as this Lease (including this Part of the Schedule) except for: the amount of Rent payable immediately before the Rent Review Date; any rent free period, rent concession or any other inducement received by the Tenant in relation to the grant of this Lease; any break clause in this Lease;79 [and [Insert any other specific exclusions];] [and] the definitions of "Base Rent" and "Turnover Rent", the reference to those terms in Clause 4.1, the entirety of Clause 3.7 and Part 10 of the Schedule and the words "Except when Clause 3.7 applies" in Clause 3.2 and the entirety of paragraph 5 of Part 5 of the Schedule; [and the entirety of Clause 4.16.3 and Part 11 of the Schedule;] by a willing landlord to a willing tenant; with vacant possession; without any premium payable by or (subject to paragraph (e) of the definition of "Assumptions") to the willing tenant; for a term of [Insert length] years starting on the Rent Review Date; [and] with rent review dates every [five] years[; and

Hypothetical Lease means a lease: of the whole of the Premises; on the same terms as this Lease (including this Part of the Schedule) except for: the amount of Rent payable immediately before the Rent Review Date; any rent free period, rent concession or any other inducement received by the Tenant in relation to the grant of this Lease; any break clause in this Lease;76 [and] [Insert any other specific exclusions] by a willing landlord to a willing tenant; with vacant possession; without any premium payable by or (subject to paragraph (e) of the definition of "Assumptions" to the willing tenant; for a term of [Insert length] years starting on the Rent Review Date; [and] with rent review dates every [five] years[.] [; and] with a right for the tenant to bring the Hypothetical Lease to an end on [or at any time after] the [Insert number] anniversary of the date on which the term starts].77