PILOT Lease definition

PILOT Lease means each of the PILOT leases described on Schedule VII hereto pursuant to which the applicable Individual Borrower owns a leasehold interest in its Individual Property (or any portion thereof).
Sample 1Sample 2Sample 3
PILOT Lease means each of the PILOT leases described on Schedule 4.1.42 hereto.
Sample 1Sample 2Sample 3
PILOT Lease. As defined in the Mortgage Loan Agreement.
Sample 1Sample 2Sample 3

Examples of PILOT Lease in a sentence

  • Tenant, upon paying the Annual Base Rent and Additional Rent and keeping, observing and performing all the terms, covenants, agreements, provisions, conditions and limitations of this PILOT Lease on Tenant’s part to be kept, observed and performed, shall quietly have and enjoy the Project during the Term of this PILOT Lease without hindrance or molestation by anyone lawfully claiming by, under or through Landlord, subject, however, to the Permitted Encumbrances, reservations and conditions of this Lease.

  • If Tenant terminates this PILOT Lease pursuant to this Section, Landlord shall transfer title of the Project and the Project (or such portion thereof covered by the termination) to Tenant immediately and Tenant shall lose the benefit of the PILOT as to the property conveyed.

  • No payment by Xxxxxx, nor receipt from Landlord, of a lesser amount than the Additional Rent or other charges stipulated in this PILOT Lease will be deemed to be anything other than a payment on account of the earliest stipulated Additional Rent.

  • No act or thing done by Landlord or Landlord’s agents during the Term of this PILOT Lease will be deemed an acceptance of a surrender of the Project, and no agreement to accept such surrender will be valid unless in writing signed by Xxxxxxxx.

  • In the event of the rejection of this PILOT Lease by Landlord or its trustee, Tenant shall be deemed without further act to have elected under Section 365(h)(I) of the Bankruptcy Code to remain in possession of the Project for the balance of the term of such rejected Lease.

  • Xxxxxxxxx agrees to defend, indemnify and hold the Board and the Metropolitan Government, and either of their governing bodies, officers, employees, agents or contractors harmless from any and all claims, including but not limited to reasonable attorney fees, demands, losses and liabilities to or by third parties arising from, resulting from or connected with this Agreement, PILOT Lease, the Project, or the Program.

  • If the Tenant shall breach without curing in a timely manner or shall terminate this PILOT Lease or the PILOT Agreement, the Tenant will lose the benefit of the PILOT and the Landlord shall terminate this PILOT Lease and shall immediately transfer the title to the Project to Tenant.

  • This PILOT Lease may only be amended by mutual agreement of the Landlord, Tenant, Limited Partner, and all Leasehold Mortgagees, provided that all amendments must be in writing and signed by both parties and further provided that each Leasehold Mortgagee and the Limited Partner must provide its prior written consent to such amendment.

  • If this PILOT Lease is assigned, or if the Project or any part of the Project are sublet or occupied by anyone other than Tenant, Landlord may collect rent from the assignee, subtenant, or occupant and apply the net amount collected to the Additional Rent reserved in this Lease.

  • Except as not otherwise prohibited herein or in the PILOT Agreement, Tenant shall not, without Landlord’s prior written consent, sublease, or assign this PILOT Lease or any interest therein to any party other than residential tenants and other conveyances, leases and assignments in the ordinary course of owning and operating the Project.


More Definitions of PILOT Lease

PILOT Lease means the lease from one of the Bond Boards to the developer of property subject to this Program.
Sample 1Sample 2Sample 3
PILOT Lease means the lease from the HEB to the developer of property subject to this Program.
Sample 1Sample 2Sample 3
PILOT Lease means that certain Real Property Lease Agreement dated December 31, 1999 between The Industrial Development Board of the City of Memphis and County of Shelby, Tennessee (the “IDB”), as lessor, and Seller, as lessee, recorded as Instrument No. JY 0086 in the Register’s Office of Shelby County, Tennessee.
Sample 1Sample 2
PILOT Lease means that certain Lease Agreement, dated as of March 1, 2006, by and between the City and the Borrower.
Sample 1Sample 2
PILOT Lease. See the introductory paragraph of this Lease; (cc) “Plans and Specifications” – See Section 3.1;
Sample 1

Related to PILOT Lease

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

  • 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).

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • 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.

  • 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:

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Mining Lease means the mining lease granted pursuant to Clause 12 and includes any renewal thereof and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;

  • Net Lease means a lease in which the tenant undertakes to pay all or substantially all the cash expenses, excluding debt service, related to the leased property.

  • Lease means a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. Unless the context clearly indicates otherwise, the term includes a sublease.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Site Lease or “Lease” means the Site Lease of even date herewith, by and between the District and the Lessor together with any duly authorized and executed amendment thereto under which the District leases the Site to the Lessor.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Ground Lessee means the Owner Lessor as lessee of the Ground Interest under the Facility Site Lease.

  • Approved Lease means (a) each existing Lease as of the Closing Date as set forth in the Leasing Affidavit and (b) each Lease entered into after the Closing Date in accordance with the terms and conditions contained in Section 9.09 as such leases and related documents shall be Modified as permitted pursuant to the terms of this Agreement.

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • Landlord Agreement means an agreement substantially in the form provided by Lender to Borrower or such other form as Lender may agree to accept.

  • Occupancy Agreement means a written agreement entered into between an assisted living program and a tenant that clearly describes the rights and responsibilities of the assisted living program and a tenant, and other information required by rule. “Occupancy agreement” may include a separate signed lease and signed service agreement.

  • Design-Build Agreement means the design and construction agreement between Project Co and the Design-Builder, a certified copy of which has been delivered by Project Co to the Authority, as amended, supplemented or replaced from time to time in accordance with this Agreement;

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

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

  • Company Lease means any lease, sublease, sub-sublease, license and other agreement under which the Company or any of its Subsidiaries leases, subleases, licenses, uses or occupies (in each case whether as landlord, tenant, sublandlord, subtenant or by other occupancy arrangement), or has the right to use or occupy, now or in the future, any real property.

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.