Provided Lessee definition

Provided Lessee has received written notice of Lender's perfected interest in the Collateral, Lessor agrees to provide Lender with (a) a copy of any cancellation, amendment, consent, or waiver under the Lease, and (b) written notice of any default or claimed default by Lessee under the Lease (collectively "Tenant Notice") at the same time as it amends such notice to Lessee.
Sample 1
Provided Lessee has fully performed all of the terms and conditions of this Lease on the part of Lessee to be performed, Lessee shall peaceably and quietly enjoy the use and occupation of the Premises throughout the Term, without hindrance or molestation by anyone claiming through or under Lessor; subject, however, to the terms and conditions of this Lease.
Sample 1
Provided Lessee pays the Rent payable hereunder as and when due and payable and keeps and fulfills all of the terms, covenants, agreements and conditions to be performed by Lessee hereunder, Lessee shall at all times during the Term peaceably and quietly enjoy the Leased Property without any disturbance from Lessor or from any other person claiming by, through or under Lessor, subject to the terms, provisions, covenants, agreements and conditions of this Lease.
Sample 1

Examples of Provided Lessee in a sentence

  • Provided Lessee is not in default hereunder (and retains according to the terms hereof the right to rebuild) with the Lessor's prior written consent, which consent shall not be unreasonably withheld or delayed, Lessee shall have the right to promptly and in good xxxxx xxxxxx and adjust any claim under such insurance policies with the insurance company or companies on the amounts to be paid upon the loss.

  • Provided Lessee has complied with its obligations under this Agreement, following redelivery of the Aircraft by Lessee to Lessor at the Redelivery Location, Lessor will deliver to Lessee an acknowledgement confirming that Lessee has redelivered the Aircraft to Lessor in accordance with this Agreement.

  • Provided Lessee is not in default of any of the terms, covenants, conditions or provisions of this Agreement, Lessor will make available to Lessee, a telecommunications package which will consist of some combination of telephone equipment, numbers, lines, conference calling, voice mail, local, long distance and international service, and directory listing.

  • Provided Lessee is not in default hereunder (and retains according to the terms hereof the right to rebuild), then with the Lessor's prior written consent (if the repairs will exceed the amounts set forth in Article 8(B)), which consent shall not be unreasonably withheld or delayed, Lessee shall have the right to promptly and in good xxxxx xxxxxx and adjust any claim under such insurance policies with the insurance company or companies on the amounts to be paid upon the loss.

  • Provided Lessee is not in default hereunder (and retains according to the terms hereof the right to rebuild), then with the Lessor's prior written consent (if the repairs will exceed the amounts set forth in Article 8(B)), which consent shall not be unreasonably withheld or delayed, Lessee shall have the right to promptly and in good faith settle and adjuxx xxx xxxxm under such insurance policies with the insurance company or companies on the amounts to be paid upon the loss.

  • Provided Lessee is not in default hereunder, Lessor does hereby give and grant to Lessee the right and option to purchase the Original Equipment during the last six (6) months of the Term of this Lease or at any time during a Renewal Term thereof (the "Purchase Option").

  • Provided Lessee is not in default hereunder (and retains according to the terms hereof the right to rebuild) with the Lessor's prior written consent, which consent shall not be unreasonably withheld or delayed, Lessee shall have the right to promptly and in good faith settle and adjust xxx xxxxx xnder such insurance policies with the insurance company or companies on the amounts to be paid upon the loss.

  • Provided Lessee has complied with its obligations under this Agreement, following redelivery of the Aircraft by Lessee to Lessor at the Redelivery Location, Lessor will deliver to Lessee an acknowledgment confirming that Lessee has redelivered the Aircraft to Lessor in accordance with this Agreement.

  • Provided Lessee is not in default hereunder (and retains according to the terms hereof the right to rebuild) with the Lessor's prior written consent, which consent shall not be unreasonably withheld or delayed, Lessee shall have the right to promptly and in good faith settle and adjust xxx xxxxx xxder such insurance policies with the insurance company or companies on the amounts to be paid upon the loss.

  • Provided Lessee is not in default hereunder, any excess Construction Funds shall be paid to Lessee upon completion of the restoration or repair.


More Definitions of Provided Lessee

Provided Lessee has furnished the bond required in California Civil Code Section 3143 (or any comparable statute hereafter enacted for providing a bond freeing the premises from the effect of such a lien claim), or other mutually agreed upon security. Lessee shall defend and indemnify Lessor against all liability and loss of any type arising out of work performed on the premises by Lessee, together with reasonable attorneys' fees and all costs and expenses incurred by Lessor in negotiating, settling, defending or otherwise protecting against such claims.
Sample 1
Provided Lessee exercises any Extension Option and is not then in default hereunder, then Lessor will pay to Lessee the 'Termination Payment". The "Termination Payment" means fifty percent (50%) of the amount by which the value of the Demised Premises on the Termination Date exceeds $11,480,000.00, plus the value of Noble House Associates, LLC's percentage ownership interest in Grove Spa, LLC. The Termination Payment shall be due on the 10th day after the amount thereof is determined pursuant to Section 5.2 below, but if Lessor fails to provide a "Lessor's Appraisal" within 60 days after Lessor receives "Lessee's Appraisal" (each defined below), then such payment shall be due on the 60th day after Lessor receives Lessee's Appraisal. The Termination Payment shall not be a personal obligation of the Lessor, and the Lessee's recourse for recovery of the Termination Payment shall be limited to the Demised Premises and the Retained Club Rights. In addition, in no event shall the Termination Payment or any part thereof be due or payable if the Lease is terminated for any reason (other than a material and/or willful default or breach by the Lessor). The payment of the Termination Payment shall terminate all rights and obligations of any kind under this Lease (and the sublease permitted hereunder attached hereto as Exhibit B) for all purposes."
Sample 1
Provided Lessee has complied with the requirements above and 95% (based on Original Equipment Cost) or more of the equipment has been returned to the location(s) directed by Lessor, Lessee's rent payment obligation and all other obligations under this Agreement with respect to the noncompliant Equipment (payment obligation based on Lease Rate Factor applied to Original Equipment Cost of noncompliant equipment and not with respect to any other Equipment under this Equipment Schedule or otherwise) shall continue from month to month notwithstanding any expiration or termination of the Term until, at the sole discretion of Lessee, (i) Lessee has cured such noncompliance with respect to the applicable Equipment, or (ii) Lessee has paid Lessor an amount equal to the stipulated loss value of such Equipment due to such noncompliance. Until such time that Lessee delivers 95% or more of the equipment to the location(s) as directed by Lessor, this Agreement shall continue on a month to month basis at the Monthly Lease Rate factor multiplied by the full Lessor's Cost as provided herein. Subject to Lessee's reasonable security and production procedures, Lessor, at his sole discretion, from time to time, shall be able to inspect (or have the equipment inspected by an authorized manufacturer's representative) the equipment at the Lessor's sole expense. If any discrepancies are found as they pertain to the general and operating condition of the equipment, the Lessor will communicate these discrepancies to the Lessee in writing. The Lessee shall then have thirty (30) days to rectify these discrepancies at his sole expense. The Lessee shall pay all actual out-of-pocket expenses for the re-inspection by the Lessor appointed expert of the Equipment with respect to which such discrepancies were found and documented, if corrective measures are required. Subject to Lessee's reasonable security and production procedures, Lessor shall have the right to attempt the resale of the Equipment from the Lessee's location with the Lessee's full cooperation and assistance for a period of one hundred twenty (120) days prior to Lease maturity; provided that any out-of-pocket expenses in connection therewith shall be for the account of Lessor.
Sample 1

Related to Provided Lessee

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • Permitted Lessee means any Person to whom Company is permitted to lease the Airframe or any Engine pursuant to Section 7.02(a) of the Indenture and is a party to a Lease.

  • Lessor means a person who transfers the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor.

  • Sublessee means any party to whom Lessee grants the right to possess all or any portion of the Premises according to a Sublease.

  • Sublessor means one who conveys real property by sublease."

  • Permitted Sublessee means the sublessee under a Permitted Sublease.

  • 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.

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • 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.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Sublandlord means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver the then existing Letter of Credit to the transferee of Sublandlord’s interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto. In addition, Sublandlord shall comply with all of its obligations as “Tenant” under the Master Lease except to the extent that any such obligation is the obligation of Subtenant pursuant to the terms of this Sublease. Notwithstanding any other term or provision of this Sublease, the liability of Subtenant to Sublandlord for any default in Subtenant’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Sublandlord, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Subtenant (or otherwise be indemnified by Subtenant) for lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, except for any breach by Subtenant under Section 12 of the Master Lease. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Subtenant’s shareholders, directors, officers, or partners on account of any of Subtenant’s obligations or actions under this Sublease.

  • Ground Lessor means the lessor under the Ground Lease.

  • Sub-Lessee means a lease/license by a Lessee of part or all of leased space to another person.

  • Subtenant means any Person entitled to occupy, use, or possess any Premises under a Sublease.

  • Major Tenant means a tenant of a Loan Party under a lease of Property which entitles it to occupy 15,000 square feet or more of the net rentable area of such Property.

  • Anchor Tenant means, with respect to a Community Renewable Energy Generation Project, the non-End Use Customer subscriber designated by Seller as such under its SFA application.” The following is added as Section 1.3.3:

  • Landlord shall have the meaning given such term in the preambles to this Agreement and shall also include their respective permitted successors and assigns.

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • Mortgage Borrower shall have the meaning set forth in the Recitals to this Agreement.

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

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

  • Lessees SIGNATURE: DATE: PRINT NAME: LESSOR’S SIGNATURE: DATE: PRINT NAME: LESSOR’S ACKNOWLEDGMENT OF NOTARY PUBLIC STATE OF County, ss. On this day of , 20 , before me appeared , as LESSOR of this Commercial Lease Agreement who proved to me through government issued photo identification to be the above-named person, in my presence executed foregoing instrument and acknowledged that they executed the same as their free act and deed. Notary Public My commission expires: LESSEE’S ACKNOWLEDGMENT OF NOTARY PUBLIC STATE OF County, ss. On this day of , 20 , before me appeared , as LESSEE of this Commercial Lease Agreement who proved to me through government issued photo identification to be the above-named person, in my presence executed foregoing instrument and acknowledged that they executed the same as their free act and deed. Notary Public

  • Lessors means a lessor under a Superior Lease.