Overriding Lease definition

Overriding Lease means those leases granted by the relevant freeholder or long leaseholder member of the Borrower Group to each of (i) Propco 6 in respect of 93 Properties located in England and Wales and nine Properties located in Scotland, representing respectively, 32.6 per cent. and 4.0 per cent. of the Cut-Off Date Securitised Loan Principal Balance based upon the aggregate Cut-Off Date Allocated Loan Amount; (ii) Propco 7 in respect of 62 Properties located in England and Wales and 21 Properties located in Scotland, representing respectively, 16.6 per cent. and 9.3 per cent. of the Cut-Off Date Securitised Loan Principal Balance based upon the aggregate Cut-Off Date Allocated Loan Amount; (iii) Propco 9 in respect of 30 Properties located in England and Wales and five Properties located in Scotland, representing respectively, 7.0 per cent. and 1.9 per cent. of the Cut-Off Date Securitised Loan Principal Balance based upon the aggregate Cut-Off Date Allocated Loan Amount; (iv) Propco 8 in respect of 19 Properties located in England and one Property located in Scotland, representing respectively, 7.7 per cent. and 0.4 per cent. of the Cut-Off Date Securitised Loan Principal Balance based upon the aggregate Cut-Off Date Allocated Loan Amount; and (v) Propco 14 in respect of one Property located in Northern Ireland, representing 0.2 per cent. of the Cut-Off Date Securitised Loan Principal Balance based upon the aggregate Cut-Off Date Allocated Loan Amount.
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Overriding Lease means the Lease dated 29 January 2010 and made between (1) Canary Wharf Investments (BP2) Limited, (2) Canary Wharf Limited (3) 5 Churchill Place
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Examples of Overriding Lease in a sentence

  • For the reasons I have already given, the Overriding Lease did not vest the legal estate in the partnership or in four of the partners.

  • The Overriding Lease included the same easements over the rest of the Building as had been granted by the Lease.

  • C’s case was that the grant of the Overriding Lease severed the reversion on the Lease.

  • The Overriding Lease was for a term of six years and two months from 22 March 2016 and, therefore, it was not subject to compulsory registration with the Land Registry.

  • The Overriding Lease did not however contain a Roof Covenant by D2.