Anchor Leases. The collective reference to xxx Xxxxxxxx Lease, the Nordstrom's Lease, the Nordstrom Supplement, xxx Xxxxxxxx' Supplement and any lease or other agreement entered into by Borrower with a department store which occupies the Third Anchor Parcel (as defined in the Mortgage).
Anchor Leases means a lease of all or any portion of a Facility covering an amount of space greater than or equal to 20,000 square feet, together with any other lease designated as an Anchor Lease by Lender.
Examples of Anchor Leases in a sentence
Use of economic (market) rent instead of contract rents reflects a Jurisdictional Exception under USPAP that is necessary to comply with Michigan law.”12 Five comparable Anchor Leases were considered.
Subject to Section 5.4(ii) hereof, Borrower shall pay all Common Charges and all fees, assessments and charges assessed pursuant to the Anchor Leases against Borrower and the Borrower Unit as and when the same become due and payable.
The Debtors, in the motion, sought approval to implement a global procedure to streamline existingobligations under pending prepetition Anchor Leases and to enter into postpetition Anchor Leases without further notice or order from the Court, or pursuant to certain notice procedures if the value of the Anchor Lease exceeds $5 million.
Upon request of Lender, Borrower shall deliver to Lender evidence reasonably satisfactory to Lender that all such Common Charges and fees, assessments, charges and other amounts assessed pursuant to the Anchor Leases against Borrower and the Borrower Unit, which are then due and payable, have been paid by Borrower.
Such Anchor Leases are crucial to the Debtors’ business operations because they often establish long- term stable leases that provide predictable and steady revenue streams.
More Definitions of Anchor Leases
Anchor Leases means the (i) Agreement of Lease dated September 22, 2003 between 731 Commercial LLC, as landlord and Home Depot U.S.A., Inc., as tenant, as amended; (ii) Agreement of Lease dated August 6, 1999 between 731 Commercial LLC (successor in
Anchor Leases means any lease with a store covering more than 75,000 square feet of rentable area. F. Since September 19, 1994, except as set forth in SCHEDULE "8" annexed hereto and made a part hereof or disclosed to Purchaser or its affiliates in writing, Seller has not, to Seller's knowledge, entered into any new Lease or amended any existing Lease, in each case which would be binding on Purchaser following the Closing, except for those new Leases or amendments negotiated by Manager. G. Since September 19, 1994, except as set forth in SCHEDULE "9" annexed hereto and made a part hereof or disclosed to Purchaser or its affiliates in writing, Seller has not, to Seller's knowledge, made any contractual commitment with any governmental entity or other third party relating to the operation of the Property which would be binding on Purchaser following the Closing, except those negotiated by Manager. H. Seller is not a "foreign person" within the meaning of Section 1445(f)(3) of the Internal Revenue Code of 1986, as amended. 13
Anchor Leases. The Leases listed on Exhibit "F" attached hereto. Anchor Tenants: Bed, Bath & Beyond; Office Depot; Pier I Imports; Fuddruckers; Starbucks; Sprint; Party City; CargoKids; Xxxxx Beauty Anchor Tenant Premises: The addresses of Anchor Tenants set forth on Exhibit "F" attached hereto. Assignment and Assumption of Ground Lease: That certain Assignment and Assumption of Ground Lease in the form of EXHIBIT "C" attached hereto to be executed and delivered to Purchaser at Closing, assigning Seller's rights and interest in, to, and under the Ground Lease. Base Rent Divisor: 0.10174 Closing: The consummation of this Agreement. Closing Date: September 1, 2004 so long as both of the following have occurred: (i) the Occupancy Condition has been satisfied; and (ii) the Improvements have been completed in accordance with Section 7.5 hereof and the remaining obligations of the Seller under Section 7.5 have been satisfied unless extended in accordance with the provisions of Section 8.1(a). Deposit: The sum of $500,000.00. The Deposit shall be held and applied by Escrowee as provided in EXHIBIT "B" attached hereto. Effective Date: The date upon which the last of Seller and Purchaser have executed and delivered this Agreement. Escrowee: First American Title Insurance Company in Chicago. Ground Lease: That certain ground lease dated January 31, 2002 by and between Seller, as lessee thereunder, and INTERNATIONAL PLAZA ASSOCIATES, III, LTD., as lessor thereunder, whereby Seller leases the Land Hazardous Substances: Toxic or hazardous material or waste regulated by any Legal Requirement, including, but not limited to, asbestos, polychlorinated biphenyls and petroleum products. Leases: The Anchor Leases, the Shop Leases, any lease shown on the Rent Roll not included in the foregoing, and those leases executed hereafter in accordance with Section 11.4 and which are in existence as of the Closing Date.
Anchor Leases the leases listed on Schedule 5 hereto and any comparable major leases of space in Properties that the Lender hereafter reasonably determines to be anchor leases.
Anchor Leases means the Leases with Container Store, Xxxxxxxx Sonoma, Pottery Barn and Ulta, as amended from time to time.
Anchor Leases means the (i) Agreement of Lease dated September 22, 2003 between 731 Commercial LLC, as landlord and Home Depot U.S.A., Inc., as tenant, as amended; (ii) Agreement of Lease dated August 6, 1999 between 731 Commercial LLC (successor in interest to Seven Thirty One Commercial Limited Partnership), as landlord, and H&M Xxxxxx & Xxxxxxx X.X. (successor in interest to H&M Xxxxxx & Xxxxxxx Inc.), as tenant, as amended and (iii) Lease dated September 21, 2004 between 731 Commercial LLC, as landlord, and The Container Store, Inc., as tenant, as amended, in each case, as the same may be amended, modified or replaced from time to time in accordance herewith.
Anchor Leases as used in the Security Instruments shall mean, with respect to each Property, the Leases listed on Schedule E attached hereto, as such Schedules may be amended from time to time by Lender to reflect the replacement of such Leases with other Leases for the same space to replacement anchor tenants.