P&E Leases definition
Examples of P&E Leases in a sentence
Each PE Lease for an existing property is in full force and effect, and each respective Parent Entity holds a valid and existing leasehold interest under each of the PE Leases to which it is a party for the terms set forth therein, respectively.
The Restrictive PE Leases comprise no more than 50% of the leases of Perry Electronics for its stores.
Notwithstanding the foregoing, Tenant shall be entitled to enter into leases for new or replacement items of P&E (collectively, “P&E Leases”), provided that the aggregate rent payments for all such P&E Leases do not exceed One Hundred Fifty Thousand and No/100 Dollars ($150,000.00) per year.
All material consents required to effectuate the transactions contemplated by the Bill ▇▇▇▇▇▇▇ ▇▇ Acquisition Documents, the Perry Electronics Acquisition Documents (except for the consents of the landlords under the Restrictive PE Leases which consents are addressed in Section 8.2.25 of the Credit Agreement) and the NWB Subordinated Loan Documents shall have been obtained.
Notwithstanding the foregoing, Tenant shall be entitled to enter into leases for new or replacement items of P&E (collectively, “P&E Leases”), provided that the aggregate rent payments for all such P&E Leases do not exceed Twenty-Five Thousand and No/100 Dollars ($25,000.00) per year.
There are no material consents required to effectuate the purchase and sale of the stock of Perry Electronics and the other transactions under the Perry Electronics Acquisition Documents, except that the Borrower might be required to obtain the consent of landlords under leases (the "Restrictive PE Leases") listed on Schedule 6.1.13 for the purchase and sale of the stock of Perry Electronics to the Borrower.