Phase II Mall definition

Phase II Mall means the Phase II Mall Space (a portion of which shall be initially leased by Phase II Mall Subsidiary from LCR pursuant to the Phase II Mall Lease and eventually transferred from LCR to Phase II Mall Subsidiary upon its designation as one or more separate legal parcels in accordance with the Disbursement Agreement to become the Phase II Mall Air Parcel, a portion of which shall be leased by Phase II Mall Subsidiary pursuant to the Walgreens Lease and a portion of which shall be leased by Phase II Mall Subsidiary pursuant to the Master Lease) and the Phase II Mall Improvements located therein, in each case to be integrated with the Phase II Hotel/Casino and the Existing Facility.

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Phase II Mall means a commercial mall facility to be built in connection with the Phase II Project to be located within certain airspace within the Phase II Project a portion of which (i) has been leased by Phase II Mall Subsidiary from LCR pursuant to the Phase II Mall Lease and which shall eventually be transferred from LCR to the Phase II Mall Subsidiary upon its designation as a separate legal parcel in accordance with the Disbursement Agreement, (ii) has been leased by Phase II Mall Subsidiary pursuant to the Walgreens Lease, and (iii) shall be leased by Phase II Mall Subsidiary from LCR pursuant to the Master Lease.

Phase II Mall has the meaning given in the recitals to this Agreement.

Examples of Phase II Mall in a sentence

Settlement Agreement dated June 24, 2011 by and among Venetian Casino Resort, LLC, Phase II Mall Holding, LLC, GGP Limited Partnership, Phase II Mall Subsidiary, LLC and Grand Canal Shops II, LLC.
Notwithstanding anything to the contrary in this subsection 7.3, any cash Investments made in either Phase II Mall Borrower shall be made in the form of intercompany loans from Venetian to the Phase II Mall Subsidiary and shall increase the principal amount of the Intercompany Mall Note by the amount of such Investment.
The Phase II Mall Contribution Documents shall have terms, including without limitation, maturity, interest rates, covenants and events of default in form and substance reasonably satisfactory to the Administrative Agent.
Each of the Borrowers is and, upon the incurrence of the Phase II Mall Contribution and the Obligations by such Borrower on any date on which this representation is made, will be, Solvent.
There are no options, warrants, convertible securities or other rights to acquire any equity interests in any Borrower or any of their Subsidiaries except for the rights of GGP under the Phase II Mall Sale Agreement and as otherwise set forth as Schedule 4.1E.
The Borrowers shall (i) subject to the terms of the Disbursement Agreement, apply Net Loss Proceeds to restore, replace or rebuild the Phase II Mall in accordance with the Cooperation Agreement and (ii) apply any Net Loss Proceeds not applied as provided in clause (i) to prepay the Loans in accordance with subsection 2.4A(iii) hereof.
Assignor has no knowledge of any breach by Mall II Buyer of any of Mall II Buyer’s obligations under the Phase II Mall Sale Agreement as of the date hereof.
Developer (prior to the Closing Date) and Mall II Buyer (from and after the Closing Date until the Earn-Out Date) shall cause Mall II LLC, as landlord, to enter into Leases for retail stores and restaurants to be located in the Phase II Mall with tenants jointly selected by Mall II Buyer and Developer and on terms mutually acceptable to Mall II Buyer and Developer.
Phase II Mall Subsidiary is a wholly owned Subsidiary of Phase II Mall Subsidiary Holding.
Until such time as Phase II Mall Air Parcel has been created and the Phase II Mall Lease has been terminated, the conditions in subsection 5.11(b) of the Disbursement Agreement shall be satisfied with respect to any separate parcels which have been subdivided since the last Borrowing.

More Definitions of Phase II Mall

Phase II Mall shall have the meaning set forth in WHEREAS clause L.

Phase II Mall shall have the meaning set forth in WHEREAS clause K.

Phase II Mall means a commercial mall facility to be built in connection with the Phase II Project to be located within certain airspace within the Phase II Project a portion of which (i) has been leased leased by Phase II Mall Subsidiary from LCR pursuant to the Phase II Mall Lease and which shall eventually be transferred from LCR to the Phase II Mall Subsidiary upon its designation as a separate legal parcel in accordance with the Disbursement Agreement, (ii) has been leased by Phase II Mall Subsidiary pursuant to the Walgreens Lease, and (iii) shall be leased by Phase II Mall Subsidiary from LCR pursuant to the Master Lease.