Permitted Lease definition

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

Permitted Lease means a lease and occupancy agreement pursuant to the form approved by Funding Lender, to a residential tenant in compliance with the Legal Requirements, providing for an initial term of not less than six (6) months nor more than two (2) years.

Permitted Lease means (a) each Existing Lease (including any renewal or extension thereof to the extent such renewal or extension complies with clauses (i), (iii), (iv) and (v) below) and (b) any agreement (other than an Existing Lease) constituting a Lease that meets all of the following requirements:

Examples of Permitted Lease in a sentence

• The parties expressly agree that a Holder may be any Affiliate of the Redeveloper, or any other entity Controlled by, or in Control of, the Redeveloper, or a lessee under a Permitted Lease.

• Tenant hereby represents and warrants to the Landlord, the Administrative Agent and Lenders that Tenant has satisfied the conditions of the Resolution and that each of the Permitted Lease Financing Encumbrance and Permitted Equity Financing Encumbrance comply with all of the conditions of the Resolution, in each such case, applicable thereto.

• If there is no Trustee or if there is but the Trustee declines to act as a trustee for the disbursement of funds as provided above, then any Casualty Proceeds shall be payable in trust to the Permitted Mortgage Lender with an outstanding Permitted Lease Financing Encumbrance that is still outstanding, and shall be disbursed by such Permitted Mortgage Lender as provided above.

• So long as a Permitted Encumbrance remains outstanding, Landlord shall not consent to any amendment or modification of this Lease that is not consented to in writing by each Permitted Lender with an outstanding Permitted Lease Encumbrance of which Landlord has received notice.

• In connection with the foregoing assignment, such Grantor shall deliver any chattel paper originals of any Permitted Lease having a term in excess of one year to the Collateral Agent; provided, that unless and until the First Lien Aircraft Mortgage has been terminated and discharged in accordance with its terms, all such originals shall be delivered to the First Lien Collateral Agent.

More Definitions of Permitted Lease

Permitted Lease means a lease and occupancy agreement pursuant to the form approved by Funding Lender, to a residential tenant in compliance with the Legal Requirements, providing for an initial term of not less than six months or more than two years.

Permitted Lease is a lease permitted under Section 3.02(b)(iv) hereof.

Permitted Lease a lease or sublease permitted under Section 4.2(b) of the Mortgage. Permitted Lessee: the lessee under a Permitted Lease.

Permitted Lease means a lease (including a sublease) permitted under Section 3.02(b)(viii) of the Mortgage.

Permitted Lease means a lease permitted under Section 2.01(a) hereof.

Permitted Lease shall have the meaning given to such term in Section 7.4.

Permitted Lease means the lease dated on or about the date of this Mortgage between Borrower, as lessor, and Lessee, as lessee, with respect to the Premises as the same may be amended from time to time.