IDB Lease definition

IDB Lease means a lease between the Lessor and an Authority with respect to a Leased Property.
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IDB Lease has the meaning specified in Section 4.24.
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IDB Lease means a lease between the Lessor and an Authority with respect --------- to a Leased Property.
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Examples of IDB Lease in a sentence

  • If any Leased Property is subject to an IDB Lease, this Lease shall be deemed to be a sublease.

  • If and to the extent that requirements imposed upon IP specifically pursuant to the IDB Lease relate specifically to the Premises, and IP has notified Exult thereof in writing, Exult will comply with such requirements at Exult's expense.

  • Members shall abide by approved professional practices and recommended standards.

  • Notwithstanding anything to the contrary in this Sublease, the Prime Lease, or the IDB Lease, at the termination or expiration of this Sublease, Exult shall deliver the Premises in the same condition as shown in the Inspection Report, ordinary wear and tear and casualty or condemnation loss excepted.

  • For such purpose, if allowed by the relevant IDB Documentation, and if Lessor is the holder of the related Bonds, Lessor will at Lessee's request (i) surrender such Bonds for cancellation in payment thereof and (ii) assign its interest in the relevant IDB Lease to Lessee in lieu of obtaining and conveying legal title to the subject Leased Property, in each case at the related Lessee's expense and pursuant to documentation reasonably satisfactory to Lessor.

  • In support of IP's employment commitments under the Pilot program referenced in the IDB Lease, Exult will comply with its commitments under the MSA regarding employment in connection with the Premises.

  • Neither Seller nor any of the Companies has paid any ad valorem taxes with respect to the Project (as defined in the IDB Lease) during the term of the IDB Lease, except for personal property taxes with respect to furniture and equipment.

  • IP shall inform Exult of all other requirements under the IDB Lease that may be applicable to Exult pursuant to this Section 9(b).

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  • If any Leased Property is subject to an IDB Lease, this Lease shall be deemed to be a sublease as to such Leased Property.


More Definitions of IDB Lease

IDB Lease means that certain Lease dated December 1, 1988, by and between The Industrial Development Board of the City of Alexander City, Alabama, as lessor, and Xxxxxx-Xxxxxxxx Co., predecessor corporation of Seller, as lessee, as recorded in the Probate Office of Tallapoosa County, Alabama on Fiche Card No. #051956 (the "Lease") as assigned to Seller (then known as HCR, Inc.) by Xxxxxx-Xxxxxxxx Co. under that certain Assignment of Leasehold Interest and Assumption Agreement dated February 3, 1995 between Xxxxxx-Xxxxxxxx Co. and Seller, as recorded on Card No. 0099750 in the Office of the Judge of Probate of Tallapoosa County, Alabama.
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Related to IDB Lease

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

  • 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.

  • Operating Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which is not a Capital Lease.

  • 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:

  • 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).

  • 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.

  • Mining Lease means the mining lease granted pursuant to Clause 12 and includes any renewal thereof and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;

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

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

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

  • 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.

  • Site Lease means the lease of part of the Site from the Minister for Finance on behalf of the State to the Company;' ;

  • 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.

  • Head Lease or “Superior Lease” means the document which sets out the promises the Landlord has made to the Superior Landlord. The promises contained in this Head Lease will bind the Tenant if he has prior knowledge of those promises.

  • Master Lease means any master lease now or hereafter entered into, in which the Healthcare Facility is aggregated with other HUD-insured healthcare facilities and leased to a Master Tenant and any amendments or joinders thereto.

  • mineral lease means the mineral lease referred to in clause 8(1)(a) hereof and includes any renewal thereof;

  • Facility Lease means a lease or master lease with respect to any Real Property Asset owned or ground leased by any of the Consolidated Parties as lessor, to a third party Tenant, which, in the reasonable judgment of the Administrative Agent, is a triple net lease such that such Tenant is required to pay all taxes, utilities, insurance, maintenance, casualty insurance payments and other expenses with respect to the subject Real Property Asset (whether in the form of reimbursements or additional rent) in addition to the base rental payments required thereunder such that net operating income to the applicable Consolidated Party for such Real Property Asset (before non-cash items) equals the base rent paid thereunder; provided, that each such lease or master lease shall be in form and substance reasonably satisfactory to the Administrative Agent.

  • Lease means any agreement, whether written or oral, no matter how styled or structured, pursuant to which a Loan Party is entitled to the use or occupancy of any space in a structure, land, improvements or premises for any period of time.

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

  • Company Lease means any lease, sublease, sub-sublease, license and other agreement under which the Company or any of its Subsidiaries leases, subleases, licenses, uses or occupies (in each case whether as landlord, tenant, sublandlord, subtenant or by other occupancy arrangement), or has the right to use or occupy, now or in the future, any real property.

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

  • 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.

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • 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.