Summerville Master Lease definition

Summerville Master Lease. As defined in the Master Purchase Agreement.
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Summerville Master Lease means that certain Master Lease dated as of October 2, 2006 by and among Nationwide Health Properties, Inc. and NHP XxXxxxx, LLC, as landlord, and Summerville at Camelot Place LLC, Summerville at Xxxxxx Vale LLC, Summerville at Lakeview LLC, Summerville at Ridgewood Gardens LLC, Summerville at North Hills LLC, and The Inn at Xxxxxx LLC, collectively as tenant, as amended by (i) that certain First Amendment to Master Lease dated as of December 1, 2006, and (ii) that certain Second Amendment to Master Lease dated as of January 2, 2007.
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Examples of Summerville Master Lease in a sentence

  • Collectively, this Agreement, the Deeds, the Bills of Sale, the Summerville Master Lease Amendment, each Master Lease Termination, each Related Purchase Agreement, each New Emeritus Guaranty and all other agreements, documents and/or instruments to be executed and/or delivered pursuant to and in connection with this Agreement, the Related Purchase Agreements and/or the Exhibits hereto or thereto.

  • Collectively, the Emeritus Master Lease, the Summerville Master Lease and the Painted Post Lease (each, a “Master Lease”).

  • Collectively, the “Leased Property” (as defined in the Summerville Master Lease) of those “Facilities” (as defined in the Summerville Master Lease) listed on Exhibit G attached hereto as “Summerville Properties,” less any portion of any which has been taken by reason of any Condemnation or other exercise of the power of eminent domain (each, a “Summerville Property”).

  • Buyer and Seller acknowledge and agree that the Summerville Master Lease is absolutely net to the Lessor, and that Lessee is solely responsible for any and all Impositions, insurance premiums, utility charges and other expenses incurred in connection with the operation, maintenance and use of the respective Property.

  • As of the Effective Date, HCP AL is the owner of certain properties located in (East) Ocala, Florida, New Port Xxxxxx, Florida, Lakeland, Florida and Venice, Florida that are leased pursuant to the Summerville Master Lease and that are also being sold to Buyer or its Affiliate pursuant to a Related Purchase Agreement as more particularly described therein.

  • The Summerville Master Lease Amendment, duly executed by the applicable Lessee thereunder, and Summerville, as existing Guarantor, and each Master Lease Termination, duly executed by the applicable Lessee thereunder.

  • For purposes of the foregoing, with respect to (a) the Summerville Master Lease, the form of such New Emeritus Guaranty shall be in the form of Exhibit “J” attached hereto and (b) the Summerville Loan, the form of such New Emeritus Guaranty shall be in the form of Exhibit “K” attached hereto.

  • Notwithstanding anything to the contrary in this Agreement, no termination of this Agreement and Escrow by Seller or Buyer regardless of the reason therefor shall affect the rights or obligations of Lessor or Lessee under the Summerville Master Lease, which Summerville Master Lease shall remain in full force and effect following any such termination of this Agreement prior to the Closing.

  • The Summerville Master Lease Amendment, duly executed by the applicable Lessee thereunder, Emeritus, and Summerville, as Guarantor, and each Master Lease Termination, duly executed by the applicable Lessee thereunder.

  • All accrued and unpaid Minimum Rent and any Additional Charges (whether or not billed) payable by the Lessee under the Summerville Master Lease with respect to the applicable Properties, through and including the day prior to Closing Date (prorated to the extent applicable for the month during which the Closing occurs).

Related to Summerville Master Lease

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

  • 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).

  • 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:

  • Master Lease means any master lease now or hereafter entered into, in which the Healthcare Facility is aggregated with other HUD-insured healthcare facilities and leased to a Master Tenant and any amendments or joinders thereto.

  • 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.

  • Master Leases refers to the four second amended and restated master lease agreements, dated as of April 27, 2007, by and among the Operating Partnership and Kindred Healthcare, Inc. and Kindred Healthcare Operating, Inc.

  • 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.

  • Lease Agreements shall have the meaning set forth in Section 3.14.

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

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • 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.

  • 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.

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

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

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

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

  • Memorandum of Lease has the meaning set forth in Section 5.01(c)(iii).

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

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

  • Easement Agreement means any conditions, covenants and restrictions, easements, declarations, licenses and other agreements which are Permitted Encumbrances and such other agreements as may be granted in accordance with Section 19.1.

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • Urban renewal project means undertakings and activities of a municipality in an urban renewal area for the elimination and for the prevention of the development or spread of slums and blight, and may involve slum clearance and redevelopment in an urban renewal area, or rehabilitation or conservation in an urban renewal area, or any combination or part of them in accordance with an urban renewal plan. These undertakings and activities may include:

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.