Examples of Combined Leases in a sentence
Notwithstanding anything to the contrary contained herein, the right under Section 40.17 of each of the Combined Leases ------------- to require Tenant to enter into the New Master Lease may only be exercised once for all of the Combined Leases.
Lessor and Tenant acknowledge and agree that the Original Master Lease included a leased property commonly known as the Hacienda Rehabilitation and Care Center, Sierra Vista, Arizona (“Former Leased Property No. 796”) and that such leased property is no longer leased under this Lease or any of the other Combined Leases.
There shall have been no material adverse change in the financial condition or business condition of any of the Borrower Parties, the Homes, the Home Leases, the Pad Leases, the Existing Combined Leases, the Existing HAP Leases or the Lease Services Agreement since the date of the most recent financial statements delivered to Lender.
Lender shall have received the form of Home Lease approved by Lender attached hereto as Exhibit F is approved by Lender (“Approved Home Lease Form”) and a form of Pad Lease approved by Lender, and if requested, copies of the Existing Combined Leases and Existing HAP Leases, which shall be certified by Borrower as being true, correct and complete copies.
Unless otherwise waived by Lender in writing and provided all other conditions to Advances are satisfied, only Homes that are subject to a separate Home Lease and a separate Pad Lease shall qualify for Advances except for Homes that are currently subject to Existing Combined Leases or Existing HAP Leases.
Shirley Estates also make the point that, to be regarded as a reliable indicator, accident statistics covering at least a three year period would normally be required.
Except for the prior assignment made by each Community Owner pursuant to the Community Owner Secured Debt as to the Pad Leases, the Existing Combined Leases or Existing HAP Leases which debt is currently outstanding but not due and payable in full, there are no prior assignments of the Leases or any Home Rents and or the Lease Services Agreement.
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To obtain an illustration applicable to this Lease only, the assumed amounts of Base Rent and Current Rent would need to be proportionally reduced based upon the amounts of Base Rent and Current Rent assumed to be owing under this Lease in relation to the aforesaid assumed aggregate amounts of Base Rent and Current Rent under this Lease and the other Combined Leases.
Notwithstanding anything to the contrary contained herein, the right under Section 40.17 of each of the Combined ------------ Leases to require Tenant to enter into the New Master Lease may only be exercised once for all of the Combined Leases.