Permitted Leases definition

Permitted Leases. Those Leases referenced on the Owned Property Schedule and any other Leases entered into in accordance with the terms and conditions of the Indenture and this Agreement.

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Permitted Leases means the following:

Permitted Leases means those Leases referenced on Schedule II ---------------- ----------- attached hereto, any other Leases entered into in accordance with the terms and conditions of this Agreement and any subleases or assignments permitted pursuant to said Leases.

Examples of Permitted Leases in a sentence

Seller shall deliver exclusive possession of the Property to Purchaser at the Closing, in the same condition as on the date that Purchaser exercises the Option, ordinary wear and tear excepted, free and clear of all tenants, occupants, parties in possession, leases and licenses, except tenants under Permitted Leases.
Customer will deliver to KEF all original copies of the Permitted Leases promptly upon execution thereof, and will ▇▇▇▇ prominently all other copies of a Permitted Lease “Not an Original”.
Upon Permitted User’s receipt of such notice, Customer hereby authorizes and directs Permitted User to pay KEF all rentals and other sums payable and to become payable under the Permitted Leases.
Upon giving such notice of Default to Customer, KEF may notify each Permitted User (or, if requested by KEF, Customer will notify each Permitted User) to pay directly to KEF all rentals and other sums payable and to become payable under the Permitted Leases.
Notwithstanding the foregoing, until a new Operating Budget for a Fiscal Year is approved by CNL, the Operating Member may make expenditures for real estate taxes, scheduled debt service payments, insurance premiums for insurance maintained in accordance with the terms of this Agreement, common area expenses, fulfillment of obligations to tenants under Permitted Leases and utilities, regardless of the amounts permitted therefore in the prior Fiscal Year’s Operating Budget.

More Definitions of Permitted Leases

Permitted Leases leases or subleases (including ground leases and licenses and other occupancy agreements) entered into the ordinary course of business by any Group Member, in each case, at an arm’s-length basis (i.e., on market terms) which do not materially impair the interests of such Group Member in the Property subject thereto or the value of such Property.

Permitted Leases means, collectively, (i) the Existing Leases, (ii) any Lease entered into after the date hereof which is in compliance with the Leasing Guidelines and (iii) any other Lease entered into after the date hereof which is approved or deemed approved by Required Lenders in accordance with the terms of this Agreement.

Permitted Leases means leases of office space, office equipment or motor vehicles with respect to which the aggregate lease payments do not exceed one million Dollars ($1,000,000) per Fiscal Year.

Permitted Leases has the meaning assigned thereto in Section 6.2(z) of the Collateral Agency Agreement.

Permitted Leases means leases or subleases (including ground leases and licenses and other occupancy agreements) (i) entered into in the ordinary course of business by any Group Member, in each case, on an arms’ length basis and on terms which do not materially impair the interests of such Group Member in the Property subject thereto or the value of such Property or (ii) are otherwise approved by Administrative Agent.

Permitted Leases means each Lease listed on Schedule 1 and any Lease (other than any Resident Agreement) for any portion of any Project that (a) is for demised space of no more than 900 square feet, (b) is for a beauty parlor, ▇▇▇▇▇▇ shop, rehabilitation center or other lawful use that is necessary or consistent with, and ancillary to, the operation of a senior housing facility, and (c) is terminable by Borrower upon not more than sixty (60) days' notice.

Permitted Leases means leases incurred in the ordinary course of business operation;