Approved Leases definition

Approved Leases means an executed Lease (as defined in the Security Documents) that is (A) approved by the Bank in its sole reasonable discretion prior to closing, or (B) a future executed lease, whether new or a renewal of an existing Lease, related to any space over 5,000 square feet which is approved by the Bank in its sole reasonable discretion as to: (i) form and content, (ii) creditworthiness of tenant and (iii) economic terms. The Bank shall have seven (7) business days to approve or disapprove of the applicable lease or it shall be deemed an Approved Lease. Any other lease shall be deemed an Approved Lease provided the applicable tenant is in occupancy, open and paying its contractual rent pursuant to its Lease. An Approved Lease shall cease to be an Approved Lease if the tenant thereunder vacates its leased space or has given notice of its intent to vacate within the following six (6) months, is insolvent or seeks bankruptcy protection (unless tenant shall re-affirm the lease in bankruptcy within three (3) months of such filing), or if a tenant under such Approved Lease is in default for non-payment of rent for more than ninety (90) days or if such Approved Lease has been terminated.

Approved Leases means all Leases (i) existing as of the date of this Agreement, (ii) approved by Administrative Agent, (iii) deemed approved by Administrative Agent, or (iv) entered into by Borrower that are not required to be approved by Administrative Agent.

Approved Leases means all Leases executed by any Borrower in accordance with Section 10.1(i) hereof. Assignments of Rents: One or more assignments of leases and rents made by the Borrowers in favor of Lender assigning all leases, subleases and other agreements relating to the use and occupancy of all or any portion of the Projects, and all present and future leases, rents, issues and profits therefrom, as the same may be hereafter amended, restated, supplemented or otherwise modified pursuant to the terms thereof.

Examples of Approved Leases in a sentence

• Amendment shall have the meaning set forth in Section 8.2. Approved Leases shall have the meaning set forth in Section 8.2. Basic Rent shall mean all base rent or basic rent payable in fixed installments and fixed amounts for stated periods by Tenants under theirLeases.

• Notwithstanding anything to the contrary in this Agreement, Developer shall not be responsible for constructing any improvements on the Project which are the responsibility of the ground or pad tenants under the Approved Leases (“Tenant Improvements”).

• Lender shall be satisfied that Projected Debt Service Coverage of at least 1.10 will be produced from the leasing of not more than square feet of space to former tenants or approved new tenants with leases satisfactory to Lender for terms of at least five (5) years to commence not later than thirty (30) days following completion of such restoration (the "Approved Leases").

• Update/Action on the Attorney General Approved Leases Received for: Kua o ka Lā Public Charter School, Hakipuʻu Academy, Volcano School of Arts & Sciences, Nā Wai Ola Public Charter School, and West Hawaiʻi Explorations AcademyLau clarified that Hakipuʻu Academy was mistakenly included on the agenda and that the school received an extension to June’s Commission meeting.

• Absent an uncured Event of Default, Mortgagee will release monies not more frequently than monthly from the escrow account for the payment of tenant improvements and leasing commissions related to Approved Leases.

More Definitions of Approved Leases

Approved Leases means the Leases set forth on Schedule C annexed hereto and all Leases entered into after the date of this Agreement in accordance with Section 4.6 hereof.

Approved Leases means the leases as described in Annex 14.1.9 approved by the Purchasers but not entered into until 1 January 2015;

Approved Leases shall have the meaning given to such term in Section 10.4

Approved Leases means leases to (i) existing tenants with a remaining term of at least one year or (ii) approved new tenants with leases satisfactory to Mortgagee for terms of at least three years, to commence not later than thirty (30) days following completion of restoration.

Approved Leases means collectively (i) the Leases, (ii) any renewals or expansions of the Leases made pursuant to the terms of such Leases and (iii) any other renewal, expansion or new lease made by Seller after the Agreement Date with Buyer's approval as provided in Section 5.5(a)(ix) or for which Buyer's approval is not required under section 5.5(a)(ix).

Approved Leases means collectively, the Leases and all Proposed Leases which become Approved Leases in accordance with the terms of SECTION 13.2 and 13.3 hereof.

Approved Leases means, collectively, (i) Leases described on the Rent Roll as of the Closing Date, (ii) each Approved Leasing Parameters Lease, and (iii) any other Leases approved in writing by Agent.