Lease Termination Fee definition

Lease Termination Fee shall have the meaning set forth in Section 6.6.1.

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Lease Termination Fee means the receipt by Borrower or Operating Company of a fee, payment or other compensation from any Tenant relating to or in exchange for the termination or surrender of such Tenant’s Lease. During the continuance of a Monetary Default or an Event of Default, all Lease Termination Fees shall be deposited with Agent.

Lease Termination Fee means:

Examples of Lease Termination Fee in a sentence

In consideration for Tenant being relieved of further obligations under the Lease after the Termination Date, Tenant and Landlord agree that Tenant shall pay a Lease Termination Fee of Seventy Thousand Dollars ($70,000.00).
If the damage noted in the inspection exceeds the Lease Termination Fee, a credit will be processed by LeasePlan by deducting the Lease Termination Fee and any Exclusions from the assessed chargeable damage, per Vehicle, to a maximum of the Maximum Cover.
The Market Value shall then be reduced by a Lease Termination Fee of $500.00 plus all expenses incurred by Lessor in connection with the recovery and disposition of the Property.
Within thirty (30) days after receiving the preliminary notice from Tenant, Landlord shall notify Tenant of the amount of the Lease Termination Fee based on the appropriate Lease Termination Date set forth in Tenant's notice.
No portion of the Lease Termination Fee is refundable to Tenant under any circumstances.

More Definitions of Lease Termination Fee

Lease Termination Fee has the meaning given it in the Lease Agreement.

Lease Termination Fee shall have the meaning assigned to such term in Paragraph 19 of this Lease.

Lease Termination Fee shall have the meaning set forth in the Mortgage Loan Agreement.

Lease Termination Fee shall have the meaning set forth in Section 6.4.1. “Lease Termination Funds” shall have the meaning set forth in Section 6.4.1. “Lease Termination Reserve Account” shall have the meaning set forth in Section 6.4.1. “Leasing Agent” shall mean (as the context may require) (i) Leasing Agent (Newmark), (ii) Leasing Agent (▇▇▇▇▇▇▇), (iii) Leasing Agent (▇▇▇▇▇▇▇), and (iv) or any other leasing agent engaged by Borrower in accordance with the terms and conditions of the Loan Documents. “Leasing Agent (Cushman)” shall mean ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇, Inc., a New York corporation. “Leasing Agent (Newmark)” shall mean Newmark & Company Real Estate, Inc. d/b/a Newmark ▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇▇, a New York corporation. “Leasing Agent (Savanna)” shall mean Savanna Commercial Services LLC, a Delaware limited liability company. “Leasing Agreement” shall mean (as the context may require) (i) the Leasing Agreement (Newmark), (ii) the Leasing Agreement (Savanna) (Office), (iii) Leasing Agreement (Savanna) (Retail), (iv) Leasing Agreement (▇▇▇▇▇▇▇) or (v) any Replacement Leasing Agreement entered into by and between Borrower or Manager and a Leasing Agent in accordance with the terms of the Loan Documents, in each case, pursuant to which the Leasing Agent is to provide leasing services with respect to the Property. “Leasing Agreement (▇▇▇▇▇▇▇)” shall mean that certain Rental Agency Agreement dated as of July 24, 2019 between Borrower and Leasing Agent (▇▇▇▇▇▇▇).

Lease Termination Fee means any payment, fee or penalty paid by a Tenant in connection with the cancellation or termination of such Tenant's Lease, whether by reason of such Tenant's default or pursuant to the terms of such Lease.

Lease Termination Fee means a fee equal to three and a half percent (3.5%) of the gross rental revenue paid by any tenant of a commercial asset in connection with the early termination of a lease.” 6.

Lease Termination Fee shall have the meaning set forth in Section 2.9.