Parcel Ground Lease definition

Parcel Ground Lease means the applicable Parcel Ground Lease entered into between an Owner and the Developer, which contains the terms and provisions for an Owner’s ground lease of the Home Parcel.
Sample 1
Parcel Ground Lease means a lease for an individual Parcel within the Leased Premises.
Sample 1
Parcel Ground Lease means this Lease.
Sample 1

Examples of Parcel Ground Lease in a sentence

  • The term "Development Parcel Ground Lease" shall refer to any or all Development Parcel Ground Leases as the context may require.

  • If Lessee elects to use the Premises for a permitted use other than as a solar field, the terms of a then-applicable Parcel Ground Lease shall control the terms of that use.

  • As required by the Amended DDA and the Phase I Parcel Ground Lease, The Related Companies, L.P., a New York limited partnership (hereinafter, “Guarantor”), has agreed to guaranty the Guaranteed Obligations (as defined in Section 2 below) by execution and delivery of this guaranty (“Guaranty”).

  • RemediesIn the event of a termination of Please add an affirmative statement that the AFRH will accept Crescent’s proposal that aa Parcel Ground Lease, the Development Agreement and the Master Lease default under a Parcel Lease terminates Crescent’s Development Agreement will will continue in full force and effect as to the other rights to any portions of the property not then terminate as to that parcel.

  • Without the prior written consent of Master Landlord, which Master Landlord may deny or condition in its exclusive discretion, Master Tenant shall not in any manner lien, encumber or mortgage Master Tenant’s leasehold interest under this Master Lease, including without limitation, by the assignment or pledge of this Master Lease or of any Parcel Ground Lease as collateral for a loan or loans.

  • The capturing methodology for the land use data consists of two phases.

  • All rent (base monthly rents and additional rents) due under this Solar Lease and any applicable Parcel Ground Lease, shall be made payable to the City of San Diego, shall be paid on or before the time period/date indicated in this Solar Lease or any applicable Parcel Ground Lease.

  • Concurrently with Authority and Phase IIB Developer’s entry into the Phase IIB Parcel Ground Lease, the CRA, Authority and Phase IIB Developer shall enter into a Sublessee’s Non-Disturbance and Ground Lease Recognition Agreement in substantially the form attached hereto as Exhibit “F” (the “CRA-Authority NDA”).

  • That the City Council does hereby find and determine that the subject property described on Exhibit “1” is no longer needed for public purposes and is being conveyed pursuant to that certain Out Parcel Ground Lease dated February 21, 2014, evidenced by Memorandum of Lease dated as of February 21, 2014, and recorded as Instrument No. 20140221000048340.Council Member Bunn moved that Resolution No. R-2016-12 be adopted.

  • If an express conflict arises between a Mortgagee's rights set forth in Article 12 of the Phase IIB Parcel Ground Lease or Article 12 of the Phase IIB Market Rate Ground Lease, as the case may be, and such Mortgagee's rights set forth in Article 14 of the Amended DDA, the Authority shall afford such Mortgagee the same protections under the Amended DDA as are provided in the Phase IIB Parcel Ground Lease or the Phase IIB Market Rate Ground Lease, as applicable, solely to the extent of such express conflict.

Related to Parcel Ground Lease

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • Eligible Ground Lease means a ground lease containing terms and conditions customarily required by mortgagees making a loan secured by the interest of the holder of the leasehold estate demised pursuant to a ground lease, and shall include the following: (a) a remaining term (exclusive of any unexercised extension options) of 30 years or more from the date the applicable Property first becomes an Eligible Property; (b) the right of the lessee to mortgage and encumber its interest in the leased property without the consent of the lessor; (c) the obligation of the lessor to give the holder of any mortgage Lien on such leased property written notice of any defaults on the part of the lessee and agreement of such lessor that such lease will not be terminated until such holder has had a reasonable opportunity to cure or complete foreclosures, and fails to do so; (d) reasonable transferability of the lessee’s interest under such lease, including ability to sublease; and (e) clearly determinable rental payment terms which in no event contain profit participation rights.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • adjacent land means all land that borders a property and all land that would have bordered a property, if they were not separated by a river, road, railway line, power transmission line, pipeline, or a similar feature;

  • Easement Area means the area of the servient lot marked on the survey-strata plan as being subject to the relevant easement; and

  • Site Lease or “Lease” means this Site Lease together with any duly authorized and executed amendment hereto under which the District leases the Site to the Lessee.

  • Ground Lessor means, as to any Site, the “lessor,” “sublessor,” “landlord,” “licensor,” “sublicensor” or similar Person under the related Ground Lease.

  • Utility easement means a right held by a facility operator to install, maintain, and access an underground facility or pipeline.

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.