Lease Party definition
Lease Party means the party to any Lease that grants to the other party the right to use or occupy any portion of a Project, whether it be Borrower or any Operator.
Lease Party shall have the meaning provided in Section 4.14(c).
Lease Party means each Borrower, as landlord under a Lease.
Examples of Lease Party in a sentence
Borrowers and Operators, as applicable, will not suffer or permit any breach or default to occur in any of any Lease Party’s obligations under any of the Leases, nor suffer or permit the same to terminate by reason of any failure of Lease Party to meet any Inland Portfolio 105968199.6 requirement of any Lease.
More Definitions of Lease Party
Lease Party means any Person who is a lessee of a Pledged Property pursuant to a Security Lease; PROVIDED that any such Person, other than a Pre-Approved Lessee, must be approved by the Required Lenders in their discretion; PROVIDED, further, that (i) no Lease Party that is not a Pre-Approved Lessee shall be a lessee with respect to Pledged Properties having Appraised Values aggregating more than 20% of Consolidated Total Value, and (ii) no Person that is not a Pre- Approved Lessee shall be approved by the Required Lenders if such approval would result in the aggregate Appraised Value of all Pledged Properties which are leased to Persons other than Pre-Approved Lessees exceeding 50% of Consolidated Total Value
Lease Party see Section 4.2(e).
Lease Party in Section XXV (Certain Definitions) of the Lease Agreement is amended by inserting the parenthetical "(other than Lessor)" immediately following the word "person" and before the world "that".
Lease Party means any Person who is a lessee of a Qualified Property pursuant to a Security Lease; provided that (i) no Person that is not a Pre-Approved Lessee shall be a Lease Party with respect to any Qualifying Property that would result in the Qualifying Properties leased to such Person having Appraised Values aggregating more than 25% of Consolidated Total Value, and (ii) no Person that is not a Pre-Approved Lessee shall be a Lease Party with respect to any Qualifying Property that would result in the aggregate Appraised Value of all Qualifying Properties which are leased to Persons other than Pre-Approved Lessees to exceed 60% of Consolidated Total Value.
Lease Party means SC OpCo, SCT Holdings, and any SCT Lessee, together with their respective successors or permitted assigns.
Lease Party means any Person who is a lessee of a Pledged Property pursuant to a Security Lease; provided that (i) no Person that is not a Pre-Approved Lessee shall be a Lease Party with respect to any Pledged Property that would result in the Pledged Properties leased to such Person having Appraised Values aggregating more than 25% of Consolidated Total Value, and (ii) no Person that is not a Pre-Approved Lessee shall be a Lease Party with respect to any Pledged Property that would result in the aggregate Appraised Value of all Pledged Properties which are leased to Persons other than Pre-Approved Lessees to exceed 60% of Consolidated Total Value.