Master Lease Deposits definition

Master Lease Deposits means the security deposits under the Master Homesite Lease Documentation.
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Master Lease Deposits means (i) during any period that all guaranties of the Master Homesite Lease Agreements executed by Guarantor are in full force and effect, the amount of deposits that the tenants under all of the Master Homesite Lease Agreements are required to pay to the landlord thereunder, as such amount may be adjusted pursuant to the terms of each Master Homesite Lease Agreement in the event the total number of Homesites leased thereunder increases or decreases during the term of the Loan, and (ii) during any period that any guaranty of a Master Homesite Lease Agreement executed by Guarantor is not in full force and effect, the product of the amount of deposits identified in clause (i) above multiplied by twelve (12).
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Examples of Master Lease Deposits in a sentence

  • On or before the Closing Date, Lender shall establish on behalf of Borrower and maintain with the Collection Account Bank a separate account for Master Lease Deposits (the “Master Lease Deposit Account”), which shall be an Eligible Account and shall have the same title as the Collection Account, for the benefit of Lender until the Loan is paid in full.

  • On the Closing Date Borrower shall deposit the amount of the Master Lease Deposits in the Master Lease Deposit Account.

  • Borrower shall enforce its rights under the Master Homesite Lease Documentation in a commercially reasonably manner, including its right to collect and retain additional Master Lease Deposits from time to time as provided in the Master Lease, which Borrower shall promptly deposit into the Master Lease Deposit Account.

  • On each Advance Date Borrower shall deposit in the Master Lease Deposit Account an estimate of Master Lease Deposits for the related Mortgaged Property being financed with the proceeds of the Advance as of such Advance Date.

  • Borrower has deposited $568,837 in the Master Lease Deposit Account, which represents the Master Lease Deposits as of the Closing Date.

  • In the case of any merger or consolidation with, or transfer of assets or liabilities to, any other plan, each Participant in the Plan shall be entitled to a benefit (as if the Plan had been terminated) immediately after the merger, consolidation, or transfer which is equal to or greater than the benefit he would have been entitled to receive immediately before the merger, consolidation, or transfer (as if the Plan had been terminated).

  • On the Closing Date, Lender shall establish on behalf of Borrower and maintain with the Collection Account Bank a separate account for Master Lease Deposits (the “Master Lease Deposit Account”), which shall be an Eligible Account and shall have the same title as the Collection Account, for the benefit of the Lender until the Loan is paid in full.

  • On or before the Closing Date, Collateral Agent shall establish on behalf of Borrower and maintain with the Collection Account Bank a separate account for Master Lease Deposits (the "Master Lease Deposit Account"), which shall be an Eligible Account and shall have the same title as the Collection Account, for the benefit of Collateral Agent for the benefit of the Secured Parties until the Loan is paid in full.

  • On the Closing Date Borrower shall deposit $63,252 in the Master Lease Deposit Account, which shall be an estimate of Master Lease Deposits as of the Closing Date.

  • On the Closing Date Borrower shall deposit $71,493 in the Master Lease Deposit Account, which shall be an estimate of Master Lease Deposits as of the Closing Date.

Related to Master Lease Deposits

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • Master Leases refers to the four second amended and restated master lease agreements, dated as of April 27, 2007, by and among the Operating Partnership and Kindred Healthcare, Inc. and Kindred Healthcare Operating, Inc.

  • Tenant Deposits means all security deposits, prepaid rentals, cleaning fees and other refundable deposits and fees collected from Tenants, plus any interest accrued thereon, paid by Tenants to Seller pursuant to the Leases. Tenant Deposits shall not include any non-refundable deposits or fees paid by Tenants to Seller, either pursuant to the Leases or otherwise.

  • Master Lease means any master lease now or hereafter entered into, in which the Healthcare Facility is aggregated with other HUD-insured healthcare facilities and leased to a Master Tenant and any amendments or joinders thereto.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Special Deposits have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • 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.

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • 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:

  • Basic Lease Provisions means and refer to the following collective terms, the application of which shall be governed by the provisions in the remaining Articles of this Lease.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Sublessor means one who conveys real property by sublease."

  • Other Leases means, collectively, the Lease Agreements between Landlord, or an Affiliate of Landlord, and Tenant with respect to the properties described on Exhibit B, but excluding any Lease Agreements terminated pursuant to their terms or by mutual agreement of the parties.

  • Imposition Deposits are defined in Section 7(a).

  • Additional Rents means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Rents means all of the rents, royalties, issues, profits, revenues, earnings, income and other benefits of the Property, or arising from the use or enjoyment of the Property, including all such amounts paid under or arising from any of the Leases and all fees, charges, accounts or other payments for the use or occupancy of rooms or other public facilities within the Real Property.

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Lease Guaranty A guaranty of certain obligations of Tenant under this Lease executed and delivered by each Guarantor substantially in the form of Exhibit G annexed hereto.