Leasehold Assignment definition
Examples of Leasehold Assignment in a sentence
In connection with entering into, as lessee, any lease of an interest in real property which lease calls for a rental payment equal to or in excess of $25,000.00 per annum, Borrower shall deliver to Agent a Leasehold Assignment & Consent (naming Agent as assignee for the benefit of the Syndication Parties), together with such consents or estoppels of lessor as Agent shall specify.
Cedar shall have received a consent duly executed by Interstate (the "Landlord Consent"), to be dated not more than ten (10) days prior to the Closing Date, authorizing Owners' contribution of the Leasehold Property, assignment of the Leasehold Documents to the Partnership, and the form of Leasehold Assignment (as hereinafter defined).
Subject to the limitations set forth in Section 2, New Partnership shall pay (x) the transfer tax payable on recordation of the Leasehold Assignment and (y) the title insurance premium attributable to the Owner's Policy.
Landlord hereby consents to (x) Current Tenant's assignment of the Leasehold Interest to New Tenant, in accordance with the terms, covenants, and conditions in the Leasehold Assignment, and (y) Current Tenant's sale and transfer to New Tenant of all of Current Tenant's ownership interest in and to all of the Equipment, in accordance with the terms, covenants, and conditions in the: Bill of Sale.
The ▇▇▇▇ of Sale and the Leasehold Assignment (together with a registrable form of assignment of lease or transfer in respect of all Project Real Property and applicable acknowledgements and directions regarding electronic registration) shall have been fully executed by Seller and delivered to Purchaser.
RTA shall submit the Initial Leasehold Assignment for filing in the real property records in the county(ies) where the Project Area is located.
The effective date of the Initial Leasehold Assignment shall be the date the RTA Leasehold Interest is earned pursuant to the first sentence of this Section 2.13.
Subsequent to the delivery of the Initial Leasehold Assignment by Company to RTA, all loss arising due to a Lease being undrillable shall be at the joint loss of the Parties.
Buyer and Seller shall have (a) received all of the Required Leasehold Assignment Consents, and (b) either (i) Buyer and Seller shall have received consent from the Kukui Landlord to the assignment by Seller to Buyer, or (ii) the Kukui Landlord shall have exercised the Recapture Rights, or (iii) Buyer and Seller shall have entered into a management agreement for the Kukui Lease pursuant to Section 7.1.4.
The Party receiving the Subsequently-Acquired Leasehold Assignment shall submit such assignment for filing in the real property records in the county(ies) where the Project Area is located.