Lease Guaranties definition

Lease Guaranties means, collectively, all claims and rights under all lease guaranties, letters of credit, and any other credit given to Grantor or any predecessor or successor of Grantor by any guarantor in connection with any of the Leases.

Lease Guaranties means all claims and rights under any and all lease guaranties, letters of credit and any other credit support (individually, a “Lease Guaranty”, and collectively, the “Lease Guaranties”) given to Borrower by any guarantor in connection with any of the Leases (individually, a “Lease Guarantor”, and collectively, the “Lease Guarantors”).

Lease Guaranties means those certain guaranties executed and delivered by Borrower or any of its Subsidiaries on account of indebtedness or other obligations of any other Person in connection with one or more real property leases (other than the Leases), including without limitation the guaranties described on Schedule L hereto.

Examples of Lease Guaranties in a sentence

• All proceeds from the sale or other disposition of the Leases, the Rents, the Lease Guaranties and the Bankruptcy Claims.

• It is intended by Borrower that this Assignment constitute a present, absolute assignment of the Leases, Rents, Lease Guaranties and Bankruptcy Claims, and not an assignment for additional security only.

• Borrower hereby authorizes and directs the lessees named in the Leases or any other future lessees or occupants of the Property and all Lease Guarantors to pay over to Lender or to such other party as Lender directs all Rents and all sums due under any Lease Guaranties upon receipt from Lender of written notice to the effect that Lender is then the holder of this Assignment and that an Event of Default (as defined in the Loan Agreement) exists, and to continue so to do until otherwise notified by Lender.

• The exercise by Lender of the option granted it in Section 3.1 of this Assignment and the collection of the Rents and sums due under the Lease Guaranties and the application thereof as herein provided shall not be considered a waiver of any default by Borrower under the Note, the Loan Agreement, the Leases, this Assignment or the other Loan Documents.

• Upon or at any time after the occurrence of an Event of Default, the license granted to Borrower in Section 2.1 of this Assignment shall automatically be revoked, and Lender shall immediately be entitled to possession of all Rents and sums due under any Lease Guaranties, whether or not Lender enters upon or takes control of the Property.

More Definitions of Lease Guaranties

Lease Guaranties shall have the meaning ascribed thereto in Section 2.17(c).

Lease Guaranties shall refer to those certain Lease Guaranties made as of December 28, 2000 by Guarantor, as guarantor in favor of the applicable landlord guaranteeing the performance of Tenant's obligations under the Leases.

Lease Guaranties means those certain Lease Guaranties, described in Exhibit 1.1C to the Loan Agreement, executed by Kmart Corporation which guarantee the payment and performance of its Subsidiaries under the Leases.

Lease Guaranties. Collectively, all claims and rights under any and all lease guaranties, letters of credit and any other credit support (individually, a "Lease Guaranty", and collectively, the "Lease Guaranties") given to Borrower or any predecessor or successor of Borrower by any guarantor in connection with any of the Leases (individually, a "Lease Guarantor", and collectively, the "Lease Guarantors").

Lease Guaranties means the guaranties identified on Schedule 1.1(uuuu).

Lease Guaranties means, collectively, the agreements executed by Kmart guaranteeing the payment and performance of the obligations of each Kmart Subsidiary, as Lessee, under a Lease.

Lease Guaranties has the meaning set forth in the Mortgages.