Material Leased Real Property definition

Material Leased Real Property shall have the meaning given in Section 3.7(b).
Material Leased Real Property means any Mine or other real property, in each case, subject to a lease with a Loan Party, as lessee, with annual minimum royalties, rents or any similar payment obligations, in excess of $500,000 in the most recently ended fiscal year.
Material Leased Real Property means any real property leased by a Loan Party that is (a) either listed on Schedule 1.01(a)(ii) or is material (as reasonably determined by the Borrower and the Administrative Agent) to the operations of the Borrower and its Subsidiaries and (b) owned by a Person other than a Loan Party.

Examples of Material Leased Real Property in a sentence

  • The Owned Real Property and the Material Leased Real Property shall be referred to herein, individually as “Real Property” and, collectively, as the “Real Properties”).

  • With respect to any Owned Real Property owned, or Material Leased Real Property leased, by any Loan Party that is subject to a Project Financing pursuant to this Section 5.11, no second lien mortgages may be placed on such Owned Real Property or Material Leased Real Property while such Project Financing is outstanding.

  • Upon the request of the Administrative Agent, the Loan Parties will use commercially reasonable efforts to deliver a fully executed customary Landlord Waiver for each Material Leased Real Property.

  • It serves Cape Town, the whole Cape Peninsula and surrounding areas, as well as the most remote part of the North Western Cape and Namibia.

  • Parent and its Subsidiaries have good, valid and defensible title to all Parent Material Owned Real Property and valid leasehold estates in all Parent Material Leased Real Property free and clear of all Encumbrances and defects and imperfections, except Permitted Encumbrances.


More Definitions of Material Leased Real Property

Material Leased Real Property means real property leased by any Loan Party having a fair market value reasonably estimated by a Responsible Officer of the Borrower to be in excess of $5,000,000.
Material Leased Real Property means each of the leased Real Properties of the Loan Parties specified on Schedule 3.20(b) and on any date of determination, any leased Wood Pellet Production Facility or Port Facility and any other Real Property, or group of related tracts of Real Property, leased (whether in a single transaction or in a series of transactions) by any Loan Party, in each case where the fair market value of such lease (including the fair market value of improvements owned by such Person and located thereon) on such date of determination exceeds $10,000,000.
Material Leased Real Property means any Leased Property that is leased by Target at an annual rent in excess of twelve thousand ($12,000).
Material Leased Real Property has the meaning set forth in §7(a) below.
Material Leased Real Property means any (i) Mine or other real property, in each case, subject to a lease with a Loan Party, as lessee, with annual minimum royalties, rents or any similar payment obligations, in excess of $500,000 in the most recently ended fiscal year and (ii) Material Prep Plants.
Material Leased Real Property means the (i) Real Property leased pursuant to the Headquarters and Distribution Center Leases and (ii) any other Leased Real Property used or operated by the Company or any subsidiary or any Franchisee or licensee pursuant to a Franchise Lease as administrative offices, a distribution center, test kitchen or warehouse or as a restaurant (including any Real Property presently under development or closed for remodeling/refurbishment).
Material Leased Real Property means the real property demised by Material Leases.