Terminated Lease definition

Terminated Lease means, as of any date, any Lease Agreement that was terminated by the related Lessee prior to its Maturity Date (and the Lessee is not in default under such Lease Agreement).

Terminated Lease a lease that is terminated prior to its original stated maturity (but not on account of casualty or a Lease default).

Terminated Lease means a Warehouse SUBI Lease that has reached its Lease Maturity Date or Early Lease Termination Date.

Examples of Terminated Lease in a sentence

• An Issuer may remove a Terminated Lease Property or REO Property from the Collateral Pool in exchange for the addition of one or more Qualified Substitute Properties to the Collateral Pool pursuant to the provisions of Section 7.01.

• An Issuer may remove a Terminated Lease Property from the Collateral Pool in exchange for the addition of one or more Qualified Substitute Mortgaged Properties to the Collateral Pool pursuant to the provisions of Section 7.01.

• Without limitation of the foregoing, if Landlord makes a Limited Termination Election, the deletion of the applicable Terminated Lease Properties from this Lease shall be absolutely without limitation of each Tenant’s continuing obligation (on a joint and several basis) for the damages and other amounts owing on account of the Event of Default giving rise to the deletion herefrom of such Terminated Lease Properties and/or the termination of this Lease as to such Terminated Lease Properties.

• The decision to enter into a lease assumption or re-lease the Terminated Lease Property shall be made by the Special Servicer in accordance with the Servicing Standard.

• Terminated Lease - a lease that is terminated prior to its original stated maturity (but not on account of casualty or a Lease default).

More Definitions of Terminated Lease

Terminated Lease means a Warehouse SUBI Lease that has reached its Lease Maturity Date or Early LeaseTermination Date. Lease.

Terminated Lease means any Lease (i) the premises of which Buyer

Terminated Lease means any Retained Lease that has not been assigned to Buyer where Buyer’s ability to occupy and use the leased premises in the conduct of the Business for the remaining scheduled term of the Retained Lease (including any renewal term specified in the Retained Lease to the extent that such Retained Lease has been renewed) is materially impaired as a result of action taken by or on behalf of the lessor due to Seller’s failure to obtain the lessor’s Consent.

Terminated Lease means any Lease for which the Debtors enter into a written agreement with the applicable landlord that has the effect of terminating such Lease for cash value paid to the Debtors; provided, that for the avoidance of doubt, Hilco shall not be entitled to any Terminated Lease Fee in connection with a rejection without value (by the Debtors) under section 365 of the Bankruptcy Code.

Terminated Lease means any Lease (i) the premises of which Newco, the Company or any Subsidiary cannot take or maintain possession of as of the Closing Date as a result of an injunction or restraining order concerning or resulting from the sale of the Company Shares contemplated by this Agreement, provided that if such injunction or order is later lifted, such Lease will no longer be a Terminated Lease, unless such Lease becomes a Terminated Lease under another provision of this Agreement, (ii) the premises of which Newco, the Company or any Subsidiary must vacate after the Closing Date as a result of (A) a final court or arbitration order, judgment, ruling by a court or arbitrator, writ or other process concerning or resulting from the sale of the Company Shares pursuant to this Agreement for which all applicable appeal periods have expired or (B) a settlement concerning or resulting from the sale of the Company Shares pursuant to this Agreement negotiated by Newco with Landlord which requires Newco to vacate such Store; provided that such settlement shall be subject to the prior approval of Melville, which approval shall not be unreasonably conditioned, delayed or withheld, or (iii) which Melville and Newco at any time mutually agree is a Terminated Lease.

Terminated Lease means any Lease (i) the Store of which Buyer or the Company and its Subsidiaries are deprived the possession of as a result of Lease Enforcement Proceedings, but only after (A) a final court order for which all applicable appeal periods have expired or (B) a settlement negotiated by Buyer with Landlord which requires Buyer to vacate such Store, provided that (x) at such time as the aggregate Lease Termination Costs exceed $7,500,000, if the Lease Termination Costs with respect to such Terminated Lease would exceed $400,000 or (y) at such time as the aggregate Lease Termination Costs exceed

Terminated Lease means any Lease (i) the Store of which Buyer or the Company and its Subsidiaries are deprived the possession of as a result of Lease Enforcement Proceedings, but only after (A) a final court order for which all applicable appeal periods have expired or (B) a settlement negotiated by Buyer with Landlord which requires Buyer to vacate such Store, provided that (x) at such time as the aggregate Lease Termination Costs exceed $7,500,000, if the Lease Termination Costs with respect to such Terminated Lease would exceed $400,000 or (y) at such time as the aggregate Lease Termination Costs exceed $10,000,000, if such settlement would result in a liability to Seller pursuant to Section 7.04(d) in excess of $200,000, then, in either case, such settlement shall be subject to the prior approval of Seller, which approval shall not be unreasonably conditioned, delayed or withheld; or (ii) which Seller and Buyer at any time mutually agree in writing is a Terminated Lease.