New Lease definition

New Lease. Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.
New Lease. Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.
New Lease. Any lease of an Administered REO Property entered into at the direction of the applicable Special Servicer, including any lease renewed, modified or extended on behalf of the Trust if the applicable Special Servicer has the power to renegotiate the terms of such lease.

Examples of New Lease in a sentence

  • Should Resident default on the current Lease Contract, Resident will still be responsible for the current Lease Contract and the New Lease Contract.

  • If Resident does not execute a New Lease Contract as and when required by Owner, Resident may not be able to maintain Resident’s current Exclusive Bed Space, Premises, and Unit in the New Lease Contract.

  • If, prior to the Expiration Date of the Term, Resident executes a binding lease contract with Owner for the next succeeding term (a "New Lease Contract"), the terms of this Lease Contract shall continue in full force and effect until the beginning of the term provided in the New Lease Contract (the “New Term”).

  • Resident shall remain liable for all amounts of Additional Rent which may be or become due and owing hereunder prior to the commencement of the term of the New Lease Contract.

  • Landlord, without liability to Tenant or any Permitted Leasehold Mortgagee with an adverse claim, may rely upon a title insurance policy issued by a reputable title insurance company as the basis for determining the appropriate Permitted Leasehold Mortgagee who is entitled to such New Lease.


More Definitions of New Lease

New Lease shall have the meaning assigned thereto in Section 3.3(d).
New Lease. As defined in Section 17.1(f).
New Lease shall have the meaning set forth in Section 8.8.1.
New Lease. Any lease of REO Property entered into at the direction of the Special Servicer on behalf of REMIC I, including any lease renewed, modified or extended on behalf of such REMIC if such REMIC has the right to renegotiate the terms of such lease.
New Lease. Any lease of REO Property entered into on behalf of REMIC I-A, or REMIC II-A, including any lease renewed or extended on behalf of REMIC I-A or REMIC II-A, if REMIC I-A or REMIC II-A, as applicable, has the right to renegotiate the terms of such lease.