Lease Property means any Group A Property or Group B Property, and the term “Lease Properties” shall mean, collectively, the Group A Properties and the Group B Properties.
Lease Property means each Real Property that satisfies all of the following requirements: (a) such Real Property is owned in fee simple solely by the Borrower or any of its Subsidiaries, (b) such Real Property is leased to another Person solely by the Borrower or any of its Subsidiaries, as lessor, pursuant to a long-term lease that is subject to customary market terms and conditions at the time such lease is executed; and (c) such Real Property has been designated by the Borrower as a “Lease Property” on Schedule 4.21(a) or on a Compliance Certificate delivered by the Borrower to the Administrative Agent pursuant to Section 6.2.
Lease Property means each Real Property that satisfies all of the following requirements: (a) such Real Property is owned in fee simple solely by the Company or any of its Subsidiaries, (b) such Real Property is leased to another Person solely by the Company or any of its Subsidiaries, as lessor, pursuant to a long-term lease that is subject to customary market terms and conditions at the time such lease is executed; and (c) such Real Property has been designated by the Company as a “Lease Property” on Schedule 5.21(a) or on a Compliance Certificate delivered by the Company to the holders of the Notes pursuant to Section 9.2.
Examples of Lease Property in a sentence
The amount retained shall not exceed four percent (4%) of the annual rental income for the first two (2) years following the date the Developer has completed all of the improvements it is required to construct on the Lease Property pursuant to the Development Lease, and thereafter the retained amount shall not exceed two percent (2%) of the annual rental income during the remaining term of the Development Lease.
More Definitions of Lease Property
Lease Property means that portion of the BART Station Property that BART has leased to the Authority and the Authority has in turn leased to the Developer; the precise location of the Lease Property are more particularly described in the Authority Lease.
Lease Property means the Lease, the Aircraft, the Purchase Agreement, and the Participation Agreement and all income, deductions, credits and other benefits to which an owner of property would be entitled to as lessor under the Lease, and owner of the Aircraft, including without limitation, all rental payments under the Lease, the right to possession of the Aircraft, and all proceeds upon the sale or re-lease of the Aircraft.
Lease Property. With respect to any Note, has the meaning specified in Appendix A of the related Participation Agreement.
Lease Property means each Real Property that satisfies all of the following requirements: (a) such Real Property is owned in fee simple solely by the Company or any of its Subsidiaries, (b) such Real Property is leased to another Person solely by the Company or any of its Subsidiaries, as lessor, pursuant to a long-term lease that is subject to customary market terms and conditions at the time such lease is executed; and (c) such Real Property has been designated by the Company as a
Lease Property has the meaning specified in Section 3.2(l)(ii).
Lease Property. The real property and improvements thereon that are subject to a Lease.
Lease Property. As defined in Article 1. -------------- --------- Legal Requirements: All federal, state, county, municipal and other ------------------ governmental statutes, laws (including the Americans with Disabilities Act and any Environmental Laws), rules, orders, regulations, ordinances, judgments, decrees and injunctions affecting either the Leased Property or the construction, use or alteration thereof, whether now or hereafter enacted and in force, including any which may (i) require repairs, modifications or alterations in or to the Leased Property; (ii) in any way adversely affect the use and enjoyment thereof, and all permits, licenses and authorizations and regulations relating thereto, and all covenants, agreements, restrictions and encumbrances contained in any instruments, either of record or known to Tenant (other than encumbrances created by Landlord without the consent of Tenant), at any time in force affecting the Leased Property; or (iii) require the cleanup or other treatment of any Hazardous Material. Letter of Credit Amount: $2,000,000 -----------------------