TRS Leases definition

TRS Leases shall have the meanings set forth in the Recitals.
Sample 1
TRS Leases means those certain leases between a Seller and its Affiliate pursuant to which the Property is leased by Seller to such Affiliate.
Sample 1
TRS Leases means those certain leases between a Seller and its Affiliate pursuant to which the Property is leased by Seller to such
Sample 1

Examples of TRS Leases in a sentence

  • The TRS Leases were necessary for the Company to comply with certain REIT provisions of the Code.

  • The Committee may delegate to officers or managers of the Corporation or any Subsidiary of the Corporation the authority, subject to such terms as the Committee shall determine, to perform administrative functions and, with respect to participants not subject to Section 16 of the Exchange Act, to perform such other functions as the Committee may determine, to the extent permitted under Rule 16b-3 and applicable law.

  • As of December 31, 2012, all of the TRS Leases had been terminated.As of December 31, 2013, the Company owns 126 hotels located in 35 states, the majority of which operate under franchise agreements with Marriott, Hilton, Hyatt and Intercontinental.

  • The TRS Leases were necessary for Grace to comply with certain REIT provisions of the Code.

  • As of December 31, 2012, all of the TRS Leases had been terminated.In July 2012, WNT acquired, for $175,000,000, an option (Purchase Option) to purchase a 97% equity interest in W2007 Equity Inns Senior Mezz, LLC (Senior Mezz), a wholly owned subsidiary of Grace I, from an affiliate of GSMC.

  • JQHA shall cause Newco LLC to cause JQH LP, JQH Hotels Two and TRS to enter into the TRS Leases, in the form attached hereto as Exhibit 2.1(m), with respect to each of the hotels owned by JQH LP and JQH Hotels Two.

  • He was earlier arrested in 2011 for links to a self-immolation and was sentenced to five years.

  • Lessee shall be responsible for any violations of law caused by or associated with Lessee’s rental of the hanger.

  • Any Loan Document shall fail to be in full force and effect or to convey the material Liens, rights, powers and privileges purported to be created thereby; or a default by Borrower shall occur under any of the other Loan Documents; or a default by Property Owner or TRS Lessee shall occur under any of the Approved Franchise Agreements, Approved Management Agreements, TRS Leases or REAs, in each case, beyond the expiration of any applicable cure period.

  • Any Loan Document shall fail to be in full force and effect or to convey the material Liens, rights, powers and privileges purported to be created thereby; or a default by Borrower or TRS Lessee shall occur under any of the other Loan Documents or any of the Approved Franchise Agreements, Approved Management Agreements, TRS Leases or REAs, in each case, beyond the expiration of any applicable cure period.

Related to TRS Leases

  • 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.

  • New Leases means, collectively, any lease for space at the Property entered into between the Commencement Date and the Closing Date.

  • 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.

  • 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.

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

  • Real Property Leases means all leases, sub-leases, licenses or other agreements, in each case, pursuant to which any Group Company leases or sub-leases any real property.

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • Real Estate Leases is defined in Section 4.7.

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Leases means any and all leases, subleases, tenancies, options, concession agreements, rental agreements, occupancy agreements, franchise agreements, access agreements and any other agreements (including all amendments, extensions, replacements, renewals, modifications and/or guarantees thereof), whether or not of record and whether now in existence or hereafter entered into, affecting the use or occupancy of all or any portion of any Real Property.

  • 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.

  • Real Property Lease means any lease, sublease, license or other Contract with respect to Real Property.

  • FF&E Leases means all leases of any FF&E and other contracts permitting the use of any FF&E at the Improvements that are assumed by Buyer.

  • 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:

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Company Leases shall have the meaning set forth in Section 3.12(a).

  • Facility Leases means agreements for the lease by the Company or any of its Subsidiaries or Joint Ventures of real estate utilized as a vehicle parking facility and/or for ancillary parking and transportation services.

  • Property Lease means any Depot Lease, any lease in respect of a Managed Station Area, any lease in respect of Shared Facilities or any Station Lease and any agreement or lease of a similar or equivalent nature (whether in respect of any such facility or otherwise) which the Franchisee may enter into with a person who has an interest in a network or a railway facility which is to be used for or in connection with the provision or operation of the Franchise Services;

  • Equipment Leases has the meaning set forth in Section 2.1.9.

  • Assigned Leases has the meaning specified in Section 2.01(b).

  • Leaseholds of any Person shall mean all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Subleases means the sublease(s) and other documentation listed in Part [3B] of the Schedule;]

  • Operating Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which is not a Capital Lease.

  • Assumed Leases has the meaning set forth in Section 2.6(b).

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

  • Subject Leases means, for any Asset Review, all 20[•]-[•] Leases which are 60-Day Delinquent Leases as of the end of the Collection Period immediately preceding the related Review Satisfaction Date.