Initial Ground Lease definition
Examples of Initial Ground Lease in a sentence
As used herein, the expression "term hereof," "Ground Lease Term" or any similar expression refers collectively to the Initial Ground Lease Term and to any renewals of the Initial Ground Lease Term exercised by the Corporation or its assignee as provided in Section 22 hereof.
If the amount of the Ground Lease Escrow Fund (excluding the Initial Ground Lease Escrow Deposit or the Subsequent Ground Lease Escrow Deposit, as applicable) shall exceed the amounts due for Ground Rent, Lender shall, at the option of Borrower, return any excess to Borrower or credit such excess against future payments to be made to the Ground Lease Escrow Fund.
The Initial Ground Lease is hereby amended and restated in its entirety as set forth in this Lease.
From and after the Lease Assignment Date, Landlord shall pay or otherwise remove all fines, penalties and other monetary charges imposed by reason of the Existing Violations (it being acknowledged that, prior to the Lease Assignment Date, 42DP is obligated to perform the foregoing obligations pursuant to the Initial Ground Lease).
CPT shall guaranty the completion of the Initial Ground Lease Property Improvements.
The parties acknowledge that the Initial Ground Lease shall differ from the Form Ground Lease to the extent required to include the obligation to construct the Initial Ground Lease Property Improvements on the Initial Ground Lease Property.
Instead of delivering the same as of the Lease Assignment Date, Tenant shall cause the Total Taxable Square Feet Certification to be executed and delivered to Landlord upon Substantial Completion (as defined in the Initial Ground Lease).
If the amount of the Ground Lease Escrow Fund (excluding the Initial Ground Lease Escrow Deposit or the Subsequent Ground Lease Escrow Deposit, as applicable) shall exceed the amounts due for Ground Rent, Lender shall, at the option of Borrower or Baltimore Owner, return any excess to Borrower or Baltimore Owner or credit such excess against future payments to be made to the Ground Lease Escrow Fund.
On the Lease Assignment Date, Landlord and Tenant shall enter into an amendment of this Lease to modify Exhibit D attached to the Initial Ground Lease to identify the condominium units comprising the Demised Premises.
If there shall have occurred an event of default or nonappropriation under the Series 2008A Lease and any Series 2008A Certificates remain outstanding at the end of the Initial Ground Lease Term, then the term of this Series 2008A Ground Lease shall be automatically renewed for an additional term of 5 years, at a fair market rental to be determined, adjusted and paid in the manner set forth in Section 3 of this Series 2008A Ground Lease.