Lease definition

Lease means any and all leases, subleases, licenses or other occupancy agreements, sale/leaseback arrangements or similar arrangements.

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Lease means a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. Unless the context clearly indicates otherwise, the term includes a sublease.

Lease means the lease or leases described in Schedule 4.7 attached hereto and made a part hereof.

Examples of Lease in a sentence

• Section 14.1 Tenant will not assign or in any manner transfer this Lease or any interest therein, nor sublet the Leased Premises or any part of it, nor permit occupancy by anyone without the prior written consent of Landlord, which consent will not be unreasonably withheld.

• Section 14.2 Notwithstanding Section 14.1, Tenant shall have the right, with ten (10) days’ prior notice to Landlord but without Landlord’s consent, to assign this Lease or sublet all or any portion of the Premises: (i) to a subsidiary or affiliate of Tenant; or (ii) to any person or entity which is acquiring all or substantially all of the ownership interest or assets of Tenant (each a “Permitted Transferee).

• No assignment will release Tenant of any of its obligations under this Lease or be construed or taken as a waiver of any of Landlord’s rights hereunder.

• Nothing in this Lease will be construed as consent on the part of Landlord so as to subject the Landlord’s estate in the Leased Premised to any lien or liability under the laws of the State of South Dakota.

• The Permitted Transferee, shall, upon the assignment of the Lease, become liable for the payment of all Rent and the performance of all terms, covenants and conditions under the Lease.

More Definitions of Lease

Lease means each existing or future lease, sublease (to the extent of any Subsidiary Guarantor’s rights thereunder), license, or other agreement (other than an Acceptable Ground Lease) under the terms of which any Person has or acquires any right to occupy or use any Property, or any part thereof, or interest therein, and each existing or future guaranty of payment or performance thereunder.

Lease means any lease of real property to which any Loan Party or any of its Subsidiaries is a party as lessor or lessee.

Lease means any agreement 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.

Lease means this Lease Agreement.

Lease means all leases, subleases and other agreements under which the Company or any of its Subsidiaries leases, uses or occupies, or has the right to use or occupy, any real property.

Lease has the meaning set forth in Section 4.12(b).

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.