Master Lease Guaranties definition

Master Lease Guaranties means (i) that certain Guaranty dated July 7, 2008, executed and delivered by Master Lease Guarantor in favor of the Current Owner with respect to the first floor of the Project, and (ii) that certain Guaranty dated July 7, 2008, executed and delivered by Master Lease Guarantor in favor of the Current Owner with respect to the second and third floors of the Project, both of which Guaranties shall be assigned by the Current Owner to Borrower at or prior to the Closing pursuant to documentation acceptable to Bank.
Sample 1

Examples of Master Lease Guaranties in a sentence

  • Basic principles of corporate separateness require that proceeds from the sale of the St. Chris Real Estate would be available first to flow upstream to PAHH and, in turn, to be paid to the JV Entities to satisfy PAHH’s and PHC’s obligations under the Master Lease Guaranties and then, after the CONA Loan has been paid in full, PAHH’s JV Note obligations.

  • Contributors have delivered to Xxxx complete copies of the Master Leases, Master Lease Guaranties, Loan Documents, Tripartite Agreement, Management Agreement, and Option Agreements (the last three terms are defined in Paragraph 5.3).

  • The documents described in Exhibit H constituting the Master Leases and the Master Lease Guaranties are true, correct and complete copies of all of the Master Leases affecting the Property, including any and all amendments or supplements thereto, and of the Master Lease Guaranties.

  • Following extensive arm’s length negotiations, on October 1, 2022, the Parties, subject to Court approval, entered into two lease termination agreements through which the Parties mutually agreed to terminate the Original Master Leases and the Original Master Lease Guaranties (the “ Lease Termination Agreements”).

  • Seller has delivered to Purchaser complete copies of the Master Leases, Master Lease Guaranties, Loan Documents, Tripartite Agreement, Management Agreement, and Option Agreements (the last three terms are defined in Paragraph 5.3).

Related to Master Lease Guaranties

  • 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.

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • 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.

  • 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.

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

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • 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:

  • Operating Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which is not a Capital Lease.

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

  • Lease Documents has the meaning set forth in the Basic Servicing Agreement; provided that such definition shall refer only to lease documents related to Leases allocated to the 20[●]-[●] Lease SUBI.

  • 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.

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • 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.

  • Facility Leases means agreements for the lease by the Company or any of its Subsidiaries or Joint Ventures of real estate utilized as a vehicle parking facility and/or for ancillary parking and transportation services.

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

  • Guaranty Agreements means and includes the Guarantee of the Loan Parties provided for in Section 11 and any other guaranty agreement executed and delivered in order to guarantee the Secured Obligations or any part thereof in form and substance acceptable to the Administrative Agent.

  • Financing Lease any lease of property, real or personal, the obligations of the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee.

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • Lessee Documents Has the meaning set forth in Section 6.01(b) of the Participation Agreement.

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

  • 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).

  • Occupancy Agreement means a written agreement entered into between an assisted living program and a tenant that clearly describes the rights and responsibilities of the assisted living program and a tenant, and other information required by rule. “Occupancy agreement” may include a separate signed lease and signed service agreement.

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

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

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.