TIP Lease definition

TIP Lease means a Lease in respect of a Property between Borrower, as lessor, and a Lender (or any wholly owned subsidiary thereof), as lessee.
View Source

Examples of TIP Lease in a sentence

  • City or Agency shall undertake all obligations assumed by Developer under the TIP Lease and the Five Star Lease until the Construction Closing Event.

  • City shall cause all rent revenues owed by TIP and Five Star (“Rent”), if any, under the TIP Lease and the Five Star Lease to be paid directly to the City or Agency.

  • The Parties acknowledge, understand, and agree that in the event that the DDA and Ground Lease are terminated due to Developer’s failure to obtain the MHP Funding Commitment on or before December 31, 2011, the Developer’s rights and obligations under the TIP Lease and the Five Star shall be deemed as automatically re- assigned to the City or Agency and this Agreement shall terminate.

Related to TIP Lease

  • 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.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • 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).

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