Amended and Restated Lease Agreement definition

Amended and Restated Lease Agreement is defined in Section 6.5.
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Amended and Restated Lease Agreement means that certain Amended and Restated Lease Agreement approved by the City Council on October 15, 1998, and effective as of the effective date of HJC's Third Amended Joint Plan of Reorganization, as modified, by and among the City, RDC and JCC to which the Open Access Program is attached as Exhibit "C".
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Amended and Restated Lease Agreement means the lease agreements between the Surviving Corporation and the owner of the SA Offices (Green Wing Management, Ltd.), which will be negotiated and entered into immediately prior to the Effective Time. The terms of the Amended and Restated Lease Agreements will include: • a term of twelve years beginning on the Effective Date • a recalculation of the rental rate every three years. At the end of each three-year term, there will be an independent appraisal which will be used as the basis for determining the lease payments during the next three-year term, to be calculated as follows: (a) if the new appraisal is more than the current appraisal, the lease will be at a discount of 10% to the market rate (b) if the new appraisal is less than the last appraisal by less than 10%, the lease will be at the same rate as is applicable on the previous three year agreement or (c) if the new appraisal is lower than the applicable appraisal by more than 10%, the lease will be at the market rate. In other words, if the new appraisal is lower than the immediately prior appraisal, the new lease will be the lower of the current lease or market rate. For example, assuming current market appraisal at $100 ( i.e. lease is $90 (at a 10% discount including the 10% discount)): o if the new appraisal were $115, the new lease rate would be 90% of $115 i.e. $103.5 o if the new appraisal were $105, the new lease rate would be 90% of $105 i.e. $94.50 o if the new appraisal were $95, the lease rate would remain at $90 because 90% of $95 ($85.5) is less than the current lease o if the new appraisal is $85, then the new lease rate would be $85 because the market rate is less than the current lease • Prior to the Effective Date, the lease will be adjusted by an independent appraiser to 10% below market value or the current lease rate, whichever is greater. • The Parent will have the right, at the Parent’s sole discretion, to purchase from the leasehold owner(s) the underlying real properties at market rates (to be agreed by an independent evaluation at that time); provided that such market rates cannot be below the value determined in the last appraisal prior to the Effective Date. The Parent shall also have a right of first refusal to purchase the real property, should such property ever be offered for sale.
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Examples of Amended and Restated Lease Agreement in a sentence

  • The Amended and Restated Lease Agreement with Option to Purchase funding mechanism employed to fund the design/build contracts for the facility.

  • Amended and Restated Lease Agreement dated as of October 14, 1998 between First Security Bank of Utah, N.A., as owner trustee for the COB Real Estate Trust 1995-1, as lessor and Capital One Realty, Inc., as lessee (incorporated by reference to Exhibit 10.17.1 of the 1998 Form 10-K).

  • Amended and Restated Lease Agreement, dated as of January 1, 2000, between HRES1 Properties Trust and IHS Acquisition 135, Inc.

  • Amended and Restated Lease Agreement, dated March 1, 2002, between Rocky Shoes & Boots Co. and William Brooks Real Estate Company regarding Nelsonville factory (incorporated by reference to Exhibit 10.11 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2002).

  • CRDA entered into a Lease Agreement with the City of Hartford, A second Amended and Restated Lease Agreement dated as of April 26, 2013.

  • The somatisation of archaeology: Discourses, institutions, corporeality.Norwegian Archaeological Review 29: 1–1€.—— 1999.

  • As of July 1, 2017, as Amended and Restated Lease Agreement (Lease) between the Commonwealth of Kentucky, for the use and benefit of the University, and UMC became effective.

  • A Resolution approving amendments to Amended and Restated Lease Agreement and Amended and Restated Sublease and Operating Agreement with Cuyahoga County Convention Facilities Development Corporation in connection with the Cleveland Convention Center and the Global Center for Health Innovation; authorizing the County Executive to execute the amendments and all other documents consistent with this Resolution; and declaring the necessity that this Resolution become immediately effective.

  • The college's unemployment insurance rate has been increased for 2004-05 due to the number of claims made, particularly by adjunct instructors.

  • These PBC bonds are secured primarily by basic rent payments made by the County to the PBC pursuant to that certain First Amended and Restated Lease Agreement dated as of October 1, 2016, as amended (the “2016 Lease”).


More Definitions of Amended and Restated Lease Agreement

Amended and Restated Lease Agreement means an agreement between BRC and Buyer (or its designee) in the form attached hereto as Exhibit A. 14 "Ancillary Agreements" means the Stockholder and Registration Rights Agreement, the Amended and Restated Lease Agreement, New Jersey Escrow and Lease Agreements, the Verebay Employment Contract, the Kaltxxx Xxxloyment Contract, the Assignment and Assumption Agreements, the Performance Escrow Agreement, the License Agreement, the Non-Compete Agreements and the Working Capital Escrow Agreement, collectively.
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Related to Amended and Restated Lease Agreement

  • Amendment and Restatement Agreement means the Amendment and Restatement Agreement, dated as of January 29, 2016, among the Borrowers, the Lenders party thereto and the Administrative Agent.

  • Second Amended and Restated Credit Agreement shall have the meaning assigned to such term in the recitals of this Agreement.

  • Amended and Restated Credit Agreement has the meaning specified in the recitals to this Agreement.

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

  • Use Agreement means a written agreement between a primary licensee and a Type S applicant or licensee that specifies the designated area of the Type S licensee, the days and hours in which the Type S licensee is assigned to use the common-use area, any allocation of responsibility for compliance pursuant to Section 40196, and an acknowledgement that the Type S licensee has sole and exclusive use of the common- use area during the Type S licensee’s assigned time period.

  • Amended and Restated Bylaws means the Amended and Restated Bylaws of the Fund in effect at the time the Registration Statement relating to the Preferred Shares is declared effective by the Securities and Exchange Commission, specifying the powers, preferences and rights of the Preferred Shares.

  • Restatement Agreement has the meaning set forth in the introductory statement of this Agreement.

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

  • Amended Facility Agreement means the Facility Agreement as amended and supplemented by this Agreement.

  • the Second Supplementary Agreement means the Second Supplementary Agreement, a copy of which is set out in Schedule 3;

  • Amendment Agreement shall have the meaning assigned to such term in the recitals hereto.

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • Expense Agreement means the Agreement as to Expenses and Liabilities between the Depositor and the Trust, substantially in the form attached as Exhibit D, as amended from time to time.

  • the first supplementary agreement means the agreement of which a copy is set out in the Second Schedule;

  • Construction Agreement as used in this subsection means an agreement between Seller and any contractor or subcontractor to install the System;

  • New Management Agreement means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date.

  • the First Variation Agreement means the agreement a copy of which is set forth in the Second Schedule;

  • Rental agreement or "lease agreement" means all agreements, written or oral, and valid rules and

  • Assignment of Management Agreement means the Assignment of Management Agreement and Subordination of Management Fees, dated the same date as this Loan Agreement, among Borrower, Lender and Property Manager, including all schedules, riders, allonges and addenda, as such Assignment of Management Agreement may be amended from time to time, and any future Assignment of Management Agreement and Subordination of Management Fees executed in accordance with Section 6.09(d).

  • Finance agreement means a loan, lease, or installment sale agreement for a motor vehicle. The term includes, but is not limited to, an installment sale contract, a retail installment contract, or a retail charge agreement.

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

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

  • Lease-purchase agreement means an agreement for the use of personal property by an individual for personal, family or household purposes, for an initial period of four months or less, that is automatically renewable with each payment after the ini- tial period, but does not obligate or require the consumer to continue leasing or using the property beyond the initial period, and that permits the consumer to become the owner of the property.

  • Property Management Agreement means any Property Management Agreement between the Company and the Property Manager.

  • Main Agreement means the part of this Agreement that commences on the first page and ends with but includes Schedule A, excluding Section 3(d) (which incorporates this Schedule C into the Agreement).