Leaseback definition

Leaseback is defined in Section 2.3.

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Leaseback shall have the meaning ascribed to it in the Recitals hereto.

Leaseback means a lease under which Seller shall lease the portion of the Property known as Building C, commencing on the Close of Escrow. Agreement upon the specific form of the Leaseback is both a Buyer and a Seller Condition Precedent.

Examples of Leaseback in a sentence

• Enter into, or permit any of its Subsidiaries to enter into, any Sale and Leaseback Transaction.

• Notwithstanding anything contained herein or in the Leaseback Agreement to the contrary, in the event the exemption from Real Estate Taxes is denied for any reason, the Company shall pay (and hereby agrees to pay) all Real Estate Taxes levied upon the Facility as they become due.

• A Sale and Leaseback Transaction shall not include any such arrangement for financing air, water or noise pollution control facilities or sewage or solid waste disposal facilities or involving industrial development bonds which are tax-exempt pursuant to Section 103 of the Code (or which receive similar tax treatment under any subsequent amendments thereto or successor laws thereof).

• The parties hereto have executed or will execute the Lease Agreement, Leaseback Agreement and Tax Agreement.

• No action taken pursuant to this Section 6.2 (including termination of the Project Agreement) shall relieve the Company from its obligation to make all payments required by the Leaseback Agreement, the Tax Agreement or Recapture Benefits.

More Definitions of Leaseback

Leaseback contemporaneous with Closing, Buyer and BI-LO, LLC (“Tenant”) shall enter into a lease in the form of the Lease Agreement attached hereto as Exhibit “C” (“Lease”) for the Property. A Memorandum of Lease for the Lease shall be recorded in the records of the county recorder wherein the Property is located.

Leaseback means a transaction in which ▇▇▇▇▇▇'s interest in this Lease is assigned and all of the Premises are subleased back to Tenant or an Affiliate of Tenant by a sublease made either concurrently with the assignment, or where such assignment is made after and subject to such sublease under which Tenant or such Affiliate of Tenant shall be required to perform and discharge all of Tenant's obligations under this Lease.

Leaseback. ’ means the conditional lease of the Leaseback Properties by Elegance Manufactory from the Disposed Company pursuant to the Leaseback Agreement

Leaseback means the lease or sublease by lease, master lease or sublease whereby IHS or any IHS Affiliate leases or subleases a Covered Facility from the REIT after a Transfer.

Leaseback. ’ means the conditional lease of the Leaseback Properties by Elegance

Leaseback means an arrangement where the seller of a dwelling unit leases the dwelling unit back from the buyer for a time period intended to facilitate the property sale while allowing for the seller or buyer to accommodate moving arrangements.

Leaseback means that lease or those leases to be entered into on the Closing Date between Vendor and Purchaser, or their respective Affiliates, as landlord, and Vendor, and/or its Affiliates and/or Agrium Advanced Technologies Inc., as tenant, for the lease of the Leaseback Lands, in a form that is satisfactory to both Vendor and Purchaser, acting reasonably, but which shall be consistent with the terms set out in Section 7.1(b)(iii).