Space Lease definition

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).
Space Lease any lease or rental agreement pertaining to the occupancy of any improved space on any Land.
Space Lease means any sublease, franchise, license or other agreement that would permit or allow a Person to use and/or maintain space as a tenant in or on the Development.

Examples of Space Lease in a sentence

  • The Floor Space Lease includes required aisle space on each side of the cage enclosure, as applicable.

  • The Floor Space Lease includes required aisle space on each side of CLEC-provided equipment bay.

  • The Floor Space Lease includes required aisle space on each side of the CLEC-provided equipment bay.

  • A Parking Space Lease Agreement is a document that is used when a company or individual would like to rent out a parking space to another company or individual.

  • In a Parking Space Lease Agreement, although it's important that both parties agree, it is normally the lessor, who is the person or company leasing out the space, establishing ground rules on liability for the lessee, who is the person renting the space.


More Definitions of Space Lease

Space Lease means any and all leases, subleases, licenses, concession agreements or any other form of agreement, however denominated (written or verbal, now or hereafter in effect), in which the Mortgagor (or any predecessor in interest as owner of the Mortgaged Premises in the case of existing Space Leases) now or hereafter grants a possessory interest in and to, or the right to use and occupy the Mortgaged Premises, or any portion thereof, and all renewals, extensions, modifications, amendments and other agreements affecting the same.
Space Lease means any lease or other occupancy agreement affecting a Target Property.
Space Lease shall have the meaning set forth in Section 4.1(n).
Space Lease. As used herein, "Space Lease" shall have the meaning ----------- ascribed to such term in the Deed of Trust.
Space Lease means any lease, sublease, license, concessions or similar agreement taking effect upon or following Substantial Completion of the Project Component or Improvement to which such Space Lease relates and providing for the use and/or occupancy by a third party of space for retail, office or commercial purposes, which is entered into on terms and conditions customary for leases, licenses or concessions for similar uses.
Space Lease means any lease or rental agreement pertaining to the occupancy of any improved space on any land.
Space Lease means a lease between Tenant, as lessor, and a physician, physician group or other user permitted under ARTICLE 7 and ARTICLE 5, as lessee, and “Space Tenant” means a lessee under a Space Lease. In the event of termination of this Lease pursuant to the terms hereof, and provided a new lease is not executed pursuant to the terms of ARTICLE 6, Landlord, to the extent the MOB is still constructed and without damage, shall honor all Space Leases authorized and permitted by Landlord pursuant to the terms of this Section 7.3 as if they were direct leases between Landlord and such Space Tenants, as long as the Space Tenant is not in default of any provision of the Space Lease beyond the applicable grace period and so long as the termination of this Lease (i) is not in connection with any condemnation, taking or casualty, (ii) such Space Tenant attorns to Landlord pursuant to an agreement of attornment satisfactory to Landlord, and (iii) such Space Lease complies with all Legal Requirements and the provisions of this Lease; provided, however Landlord shall not be (i) liable for any breach of any obligations owed by Tenant, as lessor to such Space Tenants under such Space Leases, nor shall Landlord be liable to such Space Tenants for the return to Space Tenants of (A) any sums on deposit with Tenant, including, without limitation, security deposits, (B) allowances or inducements made available to Space Tenants, including, without limitation, leasehold improvement allowances, unless such sums on deposit or the cash value of such allowances or inducements are actually transferred by Tenant to Landlord, (ii) subject to any offsets, claims or defenses which the Space Tenant may have against any prior Tenant, (iii) bound by any payment of Rent which any Space Tenant might have made for more than one (1) month in advance. If a Space Tenant entitled to such recognition shall so request, Landlord shall execute and deliver an agreement, in form and substance reasonably satisfactory to Landlord, confirming that, subject to the provisions of this Section 7.3(c), such Space Tenant is entitled to such recognition and recognizes and attorns to Landlord as the landlord under its Space Lease.