PMC Lease definition

PMC Lease means that certain lease dated July 20, 2000 between Seller, as landlord and PMC-Sierra, Inc., as tenant (the "Tenant"), as amended by First Amendment to Lease dated November 6, 2000.
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Examples of PMC Lease in a sentence

  • Right to possession of the Property shall transfer to Buyer on the Closing Date subject to the PMC Lease.

  • Payment of such sums and performance of such obligations by Buyer shall not waive but shall be subject to all rights of reimbursement and all claims and defenses under the PMC Lease to which the Tenant is or may be entitled.

  • From the date of this Agreement to the earlier of the Scheduled Closing Date or the termination of this Agreement, Seller shall not lease or otherwise transfer the PMC Lease, the Property, or any portion thereof or interest therein (except to a party which has assumed the obligations of Seller under this Agreement).

Related to PMC Lease

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is 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.

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

  • 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:

  • 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).