Landlord Collateral definition

Landlord Collateral means the following described property located at a Leased Property, or arising in connection with the operation of the Leased Property, whether now owned or hereafter acquired by Tenant or Subtenant to secure the payment and performance of the Landlord Obligations:
Sample 1

Examples of Landlord Collateral in a sentence

  • Xxxxxx Road, South Plainfield, New Jersey 07080 and (c) a Landlord Collateral Access Agreement in respect of the Leasehold Property at XXX 0, Xxx 00, Xxxxx 000, Xxxxxxxxxxxxx Xxxx, Xxxxxx, Xxxxxxxxxxxx 00000.

  • The High Watermark principle is used as a basis for calculations.

  • In the event of the liquidation or sale of the assets of Emeritus, by reason of dissolution or bankruptcy, or by appointment of a receiver, or by other legal proceeding, all amounts received by any person from the liquidation of the Landlord Collateral shall first be paid to Landlord to be applied to the Landlord Obligations.

  • HRT also hereby waives, to the extent permitted by applicable law, any rights which it may have to enjoin or otherwise obtain a judicial or administrative order preventing Landlord from taking, or refraining from taking, any action with respect to all or any part of the Landlord Collateral.

  • So long as there exists no Event of Default, Tenant shall have and may exercise all rights as the owner or holder of the Assigned Contracts and Permits which are lawful and are not inconsistent with the provisions of the Landlord Collateral Assignment.

  • HRT agrees to refrain from challenging the validity, enforceability, priority or perfection of Landlord’s security interests and liens in the Landlord Collateral.

  • Without limiting the foregoing, HRT hereby agrees (a) that it has no right to direct or object to the manner in which Landlord applies the proceeds of the Landlord Collateral resulting from the exercise by Landlord of rights and remedies under the Lease to the Landlord Obligations and (b) that Landlord has not assumed any obligation to act as the agent for HRT with respect to the Landlord Collateral.

  • HRT hereby agrees that all of its rights with respect to the Landlord Collateral shall be in all respects subject and subordinate to the rights of Landlord with respect to such Landlord Collateral in connection with and on account of the Landlord Obligations.

  • Without limiting the foregoing, the Credit Parties shall at all times ensure that the Administrative Agent has access to the Credit Parties’ material books and records whether through a Landlord Collateral Access Agreement, electronic access or as otherwise reasonably agreed between the Administrative Agent and Company.

  • Within sixty (60) days after the Closing Date, the Credit Parties shall use commercially reasonable efforts to enter into a Landlord Collateral Access Agreement with respect to each of its Leasehold Properties.

Related to Landlord Collateral

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit K with such amendments or modifications as may be approved by Collateral Agent.

  • Landlord Consent means a Landlord Consent substantially in the form of Exhibit G.

  • Landlord Liens means liens on or against the Leased Property or any payment of Rent (a) which result from any act of, or any claim against, Landlord or any owner (other than Tenant) of a direct or indirect interest in the Leased Property, or which result from any violation by Landlord of any terms of this Agreement or the Purchase Agreement, or (b) which result from liens in favor of any taxing authority by reason of any tax owed by Landlord or any fee owner of a direct or indirect interest in the Leased Property; provided, however, that "Landlord Lien" shall not include any lien resulting from any tax for which Tenant is obligated to pay or indemnify Landlord against until such time as Tenant shall have already paid to or on behalf of Landlord the tax or the required indemnity with respect to the same.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • the Premises means the building or part of the building booked and referred to in the contract

  • Lessor Lien means, with respect to any person and in respect of any property (including, without limitation, the Trust Estate, the Trust Indenture Estate, the Aircraft, Airframe, Engines, Parts or Aircraft Documents) or any payments, any Lien on such property or payments which (a) arises from claims against such person (if such person is a trustee, whether in its individual capacity or in its capacity as a trustee) not related to any of the transactions contemplated by the Operative Agreements, (b) results from acts or omissions of such person (if such person is a trustee, whether in its individual capacity or in its capacity as a trustee) in violation of such person's obligations under any of the terms of the Operative Agreements, or not related to the transactions contemplated by the Operative Agreements, (c) is imposed as a result of Taxes against such person (if such person is a trustee, whether in its individual capacity or in its capacity as a trustee) or any of its Affiliates not required to be indemnified by Lessee under the Participation Agreement, or (d) claims against such person arising out of any transfer by such person of its interest in the Aircraft, the Trust Estate or the Operative Agreements, other than a Transfer permitted by the terms of the Operative Agreements or pursuant to the exercise of remedies set forth in Section 15 of the Lease.

  • Lessor means a person who transfers the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

  • Tenant’s Property means Tenant's movable fixtures and movable partitions, telephone and other equipment, furniture, furnishings, decorations and other items of personal property.

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • Landlord means the owner, lessor or sublessor of the dwelling unit or the building of which such

  • Personal Property Collateral means all Collateral other than Real Property.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Mortgaged Premises means any real property which shall now or hereafter be subject to a Notes Mortgage.

  • Landlord Lien State means such state(s) in which a landlord’s claim for rent may have priority over the Lien of the Agent in any of the Collateral.

  • Leasehold Mortgagee means the holder of a Leasehold Mortgage.

  • Demised Premises or “Premises” (and whether or not capitalized) is used herein, it shall be understood to mean the “premises leased hereby”; and whenever the term “Entire Premises” is used herein (and whether or not capitalized), it shall be understood to mean all of the contiguous land and buildings owned by Landlord at this location, which include the premises leased hereby. The term “Non-leased Premises” shall mean the Entire Premises less the Leased Premises.

  • Lessor Liens means Liens on or against the Leased Property or any portion thereof, the Lease or any payment of Rent (i) which result from any act of, or any Claim against, the Lessor unrelated to the exercise of Lessor's rights under the Operative Documents or (ii) which result from any Tax owed by the Lessor, except any Tax for which the Lessee is obligated to indemnify the Lessor.

  • Landlord Consent and Estoppel means, with respect to any Leasehold Property, a letter, certificate or other instrument in writing from the lessor under the related lease, pursuant to which, among other things, the landlord consents to the granting of a Mortgage on such Leasehold Property by the Credit Party tenant, such Landlord Consent and Estoppel to be in form and substance acceptable to Collateral Agent in its reasonable discretion, but in any event sufficient for Collateral Agent to obtain a Title Policy with respect to such Mortgage.

  • UCC Collateral is defined in Section 3.03.

  • As-Extracted Collateral means “as-extracted collateral” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York.

  • Tenant’s Personal Property means all motor vehicles, Inventories, FAS and any other tangible personal property of Tenant, if any, acquired by Tenant at its election and with its own funds on and after the date hereof and located at the Leased Property or used in Tenant's business at the Leased Property and all modifications, replacements, alterations and additions to such personal property installed at the expense of Tenant, other than any items included within the definition of Proprietary Information.

  • Tenant means any Person leasing, subleasing or otherwise occupying any portion of the Property under a Lease or other occupancy agreement.

  • Sublessor means one who conveys real property by sublease."

  • Mortgagee The mortgagee or beneficiary named in the Mortgage and the successors and assigns of such mortgagee or beneficiary.