Negative Lease definition

Negative Lease means, with respect to any Monthly Collection Period, a Refranchised Restaurant Lease and Franchisee Sub-Lease that is reasonably expected to yield negative Net Rental Revenue during such Monthly Collection Period.
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Negative Lease means, with respect to any month, a New Franchisee Lease that is reasonably expected to yield negative Net Rental Revenue during that month.
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Related to Negative Lease

  • Cooperative Lease With respect to a Cooperative Loan, the proprietary lease or occupancy agreement with respect to the Cooperative Apartment occupied by the Mortgagor and relating to the related Cooperative Stock, which lease or agreement confers an exclusive right to the holder of such Cooperative Stock to occupy such apartment.

  • special lease means a special lease or license to be granted in terms of this Agreement under the Ratifying Act the Land Act or the ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ and includes any renewal thereof; “this Agreement” “hereof” and “hereunder” include this Agreement as from time to time added to varied or amended;

  • Eligible Lease means, as of any date of determination, a Lease for a Property that satisfies all of the following:

  • Permitted Lease means a lease permitted under Section 4.02(b) of the Trust Indenture.

  • Finance Lease means a lease with respect to which: