M Spa Lease definition

M Spa Lease means that certain Lease Agreement dated as of November 1, 2008 between “The M Spa” (“M Spa”) and Canyon Springs Seller’s predecessor-in-interest, as amended by that certain Amendment to Spa Lease dated June 29, 2013, and by oral agreement for a month-to-month term with a thirty (30) day termination right by either party and a flat fee payment by M Spa of One Thousand Five Hundred Dollars ($1,500.00) per month.
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Examples of M Spa Lease in a sentence

  • At Closing, such Seller shall deliver to Buyer an updated Rent Roll with respect to such Seller’s Asset (except for the exclusion of the M Spa Lease and the Rose Spa Lease), dated within five (5) Business Days of Closing and, to such Seller’s Knowledge, such Rent Roll shall be true and correct in all material respects as of such date (except for the exclusion of the M Spa Lease and the Rose Spa Lease).

  • As of the Effective Date, the landlord is not holding any reserve funds under the M Spa Lease or the Rose Spa Lease and to the extent Sellers receive any such reserve funds after the Effective Date, Buyer shall receive a credit at Closing in an amount equal to any such reserve funds that have not been applied by the applicable Seller in accordance with the applicable Lease.

  • Promptly following Sellers’ receipt of a written request from Buyer that Sellers terminate the M Spa Lease, which request shall be delivered no earlier than the date of Buyer’s exercise of its second right to extend the Closing Date pursuant to Section 2.3(e) (or Buyer’s earlier waiver of all remaining extension rights under Section 2.3(e) in a writing delivered to Sellers), Canyon Springs Seller shall deliver (or cause to be delivered) to M Spa a notice of termination of the M Spa Lease.

Related to M Spa Lease

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that: