Minor Lease definition

Minor Lease any Lease that is not a Material Lease.
Minor Lease any Lease that is not a Material Lease. NET OPERATING INCOME: for any period, the underwritten net cash flow of the Property determined by Lender in its sole discretion exercised in good faith (uniformly and consistently applied in the same manner as Lender exercises similar discretion in other loans of this type and nature for comparable properties) in accordance with Lender's then current underwriting standards for loans of this type and the then current underwriting standards of the Rating Agencies (including adjustments for a management fee equal to the greater of the combined management fees and asset management fees paid under the Management Agreement during such period or 4% of gross revenues, market vacancy, bankrupt tenants which are not in full occupancy of their respective leased premises or which have rejected their respective leases or which are not paying rent on a current basis, leasing costs and capital items).
Minor Lease means any renewal of any Lease and any proposed Lease that is not a Major Lease.

Examples of Minor Lease in a sentence

  • Failure to meet this timescale may lead to the researcher having to make a new application.

  • Because the rest of these projects are located in sections of streams with coarser substrates (boulder, cobble, gravel,sand) the opportunity for sediment to be mobilized and carried downstream by construction activities will be minimal.

  • Tenderer shall submit the tender and other documents in two separate envelopes namely Technical Bid and Price Bid.

  • To the extent that Borrower proposes to enter into a Minor Lease which does not satisfy the conditions described in this Section 5.10.3, then prior to seeking Lender’s consent to any such Minor Lease, Borrowers shall deliver to Lender a copy of such proposed Minor Lease and Lender shall approve or disapprove each such proposed Minor Lease in accordance with the provisions applicable to a Proposed Major Lease as set forth in Section 5.10.2(a) hereof.

  • Staff will present the first quarter FY 2016/2017 Minor Lease and Purchase Order Update.


More Definitions of Minor Lease

Minor Lease means a Lease to a Tenant that is not a Required Tenant.
Minor Lease any Lease that is not a Material Lease. Net Operating Income: for any period, the actual net operating income of the Property determined on a cash basis of accounting, after deducting therefrom deposits to (but not withdrawals from) any reserves required under this Agreement, and without giving credit for non-recurring extraordinary items of income.
Minor Lease means any Approved Lease of less than 10,000 square feet of Leasable Space.
Minor Lease means a lease for less than 5,000 square feet having a term of less than 10 years, and otherwise on then prevailing market terms and conditions.
Minor Lease shall have the meaning given to such term in Section 10.4(c).
Minor Lease any Lease that is not a Material Lease. XXXXXX XXXXXXX LEASE: that certain Lease dated March 14, 1986 by and between CC&F Xxxxx Street Associates (successor in interest to Trizec 250 X. Xxxxx, LLC) and Xxxx Xxxxxx Xxxxxxxx Inc. (successor in interest to Xxxxxx Xxxxxxx XX Inc.) as amended by that certain First Amendment to Lease dated October 6, 1994, Second Amendment to Lease dated December 22, 1994, and Third Amendment to Lease dated February 20, 2004. NET OPERATING INCOME: for any period, the underwritten net cash flow of the Property determined by Lender in its sole discretion exercised in good faith (uniformly and consistently applied in the same manner as Lender exercises similar discretion in other loans of this type and nature for comparable properties) in accordance with Lender's then current underwriting standards for loans of this type and the then current underwriting standards of the Rating Agencies (including adjustments for a management fee equal to the greater of the combined management fees and asset management fees paid under the Management Agreement during such period or 4% of gross revenues, market vacancy, bankrupt tenants which are not in full occupancy of their respective leased premises or which have rejected their respective leases or which are not paying rent on a current basis, leasing costs and capital items).
Minor Lease any Lease that is not a Material Lease. Note: shall mean that certain Promissory Note dated as of the date hereof in the principal amount of $39,000,000 given by Borrower to Lender.