Property Lease definition

Property Lease means any Depot Lease, any lease in respect of a Managed Station Area, any lease in respect of Shared Facilities or any Station Lease and any agreement or lease of a similar or equivalent nature (whether in respect of any such facility or otherwise) which the Franchisee may enter into with a person who has an interest in a network or a railway facility which is to be used for or in connection with the provision or operation of the Franchise Services;

Property Lease means a lease pursuant to which an Affiliate of Propco, as landlord, will lease the Property to Lessee, as tenant. The Property Lease shall reflect the terms contemplated by this Agreement, and other terms to be negotiated in good faith between Owner and Propco.

Property Lease has the meaning set forth in Section 5.03(x).

Examples of Property Lease in a sentence

• There is no material breach or default by any Group Company or, to the Company’s knowledge, any third party under any Real Property Lease, and, to the Company’s knowledge, no event has occurred which (with or without notice or lapse of time or both) would constitute a material breach or default or would permit termination of, or a material modification of or acceleration of rent under any Real Property Lease.

• No Group Company has leased, subleased, licensed or granted occupancy rights in any parcel or any portion of any parcel of Leased Real Property to any other Person and no other Person has any rights to the use, occupancy or enjoyment thereof pursuant to any lease, sublease, license, occupancy or other agreement, nor has a Group Company assigned its interest under any Real Property Lease to any third party, in each case, in any material respects.

• As of the date of this Agreement, the Company has not received written notice of (a) default, or intention to terminate or not renew, any Real Property Lease or (b) any eminent domain, condemnation or similar proceeding pending or threatened, against all or any portion of any Leased Real Property.

• Each Real Property Lease is in full force and effect and is a valid, legal and binding obligation of the applicable Group Company party thereto, enforceable in accordance with its terms against such Group Company and, to the Company’s knowledge, each other party thereto (subject to the Enforceability Exceptions).

• The Group Companies have not received any written notice of any violation of Laws with respect to any Real Property Lease or any Real Property.

More Definitions of Property Lease

Property Lease means each document comprising, evidencing, securing or entered into in connection with a lease or sublease of all or any portion of the real property compromising any Casablanca Property.

Property Lease or "Property Leases" shall have the meaning given such term in the recitals hereto, as the same may be amended from time to time, subject to the terms of Paragraph 2 hereof.

Property Lease means each lease between a Property Owner, as lessor, and a Net Tenant, as lessee, which lease demises a Real Property Asset, and is substantially in the form of Exhibit B.

Property Lease means the lease between G.S.S. Developments (Aberdeen) Limited and Noble Drilling UK dated 23 August and 5 September and registered in the Books of Council and Session on 12 September, all dates in 2018 relating to the property known as Xxxxxxx Xxxxxxxx, 0 Xxxxxxxxxxxxx Xxxxxx, XXX Business Park, Dyce, Xxxxxxxx, Xxxxxxxx, XX00 0XX;

Property Lease means this Property Lease, together with any duly authorized and executed amendments hereto.

Property Lease means the Property Lease, dated as of April 1, 2021, recorded concurrently herewith, by and between the City, as lessor, and the Corporation, as lessee, together with any duly authorized and executed amendments thereto.

Property Lease and “Property Leases” have the meanings set forth in the Agreement Regarding Leases.