Applicable lease definition

Applicable lease means a lease entered pursuant to an arm’s length transaction before, and in effect on, March 4, 2020.
Sample 1Sample 2Sample 3
Applicable lease with respect to any Affiliate Receivable, a lease contract (substantially in the form described in clause (ii) of the definition of Contract and which lease contract contains an option to purchase the related Financed Aircraft by the Unaffiliated Foreign Lessee prior to the expiration of such lease contract) between the Affiliate Obligor and the Unaffiliated Foreign Lessee, a Lien upon which secures the repayment of such Affiliate Receivable.
Sample 1Sample 2Sample 3
Applicable lease means that portion of a mineral lease granted by
Sample 1Sample 2Sample 3

Examples of Applicable lease in a sentence

  • If Lessee desires to lease the Applicable Lease Assets pursuant to such terms, then prior to the end of the ROFR Lease Election Period, Lessee must deliver a written notice of acceptance (the “ROFR Lease Acceptance Notice”) to Lessor.

  • The delivery of the ROFR Lease Notice constitutes an offer (a “ROFR Lease Offer”) by Lessor to lease the Applicable Lease to Lessee in accordance with the terms set forth in this Section 25.4.

  • Commencing upon the expiration of the first (1st) Lease Year and upon the expiration of each Lease Year thereafter during the Term, the then current Applicable Lease Rate shall be increased by the greater of (i) the applicable CPI Increase or (ii) Two and One-Half Percent (2.5%).

  • In addition, at such time as an estoppel certificate for an Applicable Lease is executed by the applicable tenant and delivered to TIAA LLC, the representations and warranties set forth in such paragraphs shall be of no force or effect with respect to such Applicable Lease, except to the extent a representation or warranty shall be inconsistent with an item set forth in the applicable estoppel certificate, in which case such representation or warranty shall continue to be applicable.

  • Lessee understands that the Equipment may be purchased for cash and that by signing this Agreement and entering into the Applicable Lease, Lessee has chosen to lease the Equipment.

  • No Target Company has sublet any portion of the Leased Premises or assigned any of its rights under the Applicable Lease.

  • Except as provided in this Section 6.6, nothing in this Section 6 shall be construed to alter or affect in any manner the relative rights and obligations of the Parties arising from any other agreements, arrangements or transactions that have been or are in effect between the Parties, including any Applicable Lease (including, for the avoidance of doubt, as any SU/SDTS Lease may be modified or amended from time to time pursuant to Section 3.2 or otherwise).

  • No Owner has given or, to Seller’s Knowledge, received any written notice of any default under an Applicable Lease which default remains uncured.

  • The occurrence of the expiration of the Lease term upon either the last day of the term or, if applicable, upon the Applicable Lease Prepayment Date shall not be deemed a termination of this Lease for purpose of the Parties' respective rights and remedies provided for herein upon a termination of this Lease.

  • Each Owner is in compliance in all material respects with all Applicable Leases and, to Seller’s Knowledge, each Applicable Tenant is in compliance with each Applicable Lease.


More Definitions of Applicable lease

Applicable lease means any lease between SDTS and SU, regardless of whether such lease (a) was in effect immediately prior to the Closing or (b) terminated or expired at any time prior to the Closing.
Sample 1Sample 2
Applicable lease means the Office Building Lease or Hotel Lease, as applicable. “Applicable License” means the Hotel License or Office Building License, as applicable. “Applicable Outside Date” means the Office Building Outside Date or Hotel Outside Date.
Sample 1
Applicable lease shall have the meaning set forth in Section 7.17.”
Sample 1
Applicable lease relevant Rider", "related Rider", and "applicable Rider" shall mean the Rider pursuant to which a particular Car was leased to Lessee or the Lease created thereby. The phrases "relevant Cars," "related Cars", and "applicable Cars" shall mean the Cars leased pursuant to a particular Lease or Rider.
Sample 1
Applicable lease means a lease entered into with the State or a statutory body, in respect of land for agricultural use;
Sample 1

Related to Applicable lease

  • Eligible Lease means, as of any date of determination, a Lease for a Property that satisfies all of the following:

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • 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).

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

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • 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.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Lease means a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. Unless the context clearly indicates otherwise, the term includes a sublease.

  • Master Lease means that certain [Master Lease title], relating to the leasing of, inter alia, the Healthcare Facility by Borrower to Master Tenant.

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of this Sublease.

  • Facility Lease means a lease or master lease with respect to any Real Property Asset owned or ground leased by any of the Consolidated Parties as lessor, to a third party Tenant, which, in the reasonable judgment of the Administrative Agent, is a triple net lease such that such Tenant is required to pay all taxes, utilities, insurance, maintenance, casualty insurance payments and other expenses with respect to the subject Real Property Asset (whether in the form of reimbursements or additional rent) in addition to the base rental payments required thereunder such that net operating income to the applicable Consolidated Party for such Real Property Asset (before non-cash items) equals the base rent paid thereunder; provided, that each such lease or master lease shall be in form and substance reasonably satisfactory to the Administrative Agent.

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • Material Lease has the meaning set forth in Section 3.17(a).

  • 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;

  • Permitted Sublease means a sublease permitted under Section 7.2.7 of the Lease.

  • Parking space leasing data means the following government data on an application for, or lease of, a parking space: residence address, home telephone number, beginning and ending work hours, place of employment, location of parking space, and work telephone number.

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • 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:

  • Cooperative Lease With respect to a Cooperative Loan, the proprietary lease or occupancy agreement with respect to the Cooperative Apartment occupied by the Mortgagor and relating to the related Cooperative Stock, which lease or agreement confers an exclusive right to the holder of such Cooperative Stock to occupy such apartment.

  • Leased Land means land which is the subject of a lease granted under section 60 or 93G; S. 3 def. of "lessee" amended by No. 39/1997 s. 4(2)(b).

  • Lease Supplement means a Lease Supplement, substantially in the form of Schedule 2 hereto, to be entered into between Lessor and Lessee on the Delivery Date for the purpose of leasing the Aircraft under and pursuant to the terms of this Agreement, and any subsequent Lease Supplement entered into in accordance with the terms of this Agreement.

  • Leased space means individual storage space at a self-service storage facility which is rented to an occupant pursuant to a rental agreement.

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • special lease means a special lease or license to be granted in terms of this Agreement under the Ratifying Act the Land Act or the Xxxxxxx Xxx 0000 and includes any renewal thereof; “this Agreement” “hereof” and “hereunder” include this Agreement as from time to time added to varied or amended;