Lease Termination Fee shall have the meaning set forth in Section 6.6.1.
Lease Termination Fee means the receipt by Borrower or Operating Company of a fee, payment or other compensation from any Tenant relating to or in exchange for the termination or surrender of such Tenant’s Lease. During the continuance of a Monetary Default or an Event of Default, all Lease Termination Fees shall be deposited with Agent.
Lease Termination Fee shall have the meaning set forth in Section 6.6.1 hereof. "Lease Termination Rollover Funds" shall have the meaning set forth in Section 6.6.1 hereof. "Legal Requirements" shall mean all federal, state, county, municipal and other governmental statutes, laws, rules, orders, regulations, ordinances, judgments, decrees and injunctions of Governmental Authorities affecting Borrower or the Property or any part thereof or the construction, use, alteration or operation thereof, or any part thereof, whether now or hereafter enacted and in force, including, without limitation, the Americans with Disabilities Act of 1990, 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 Borrower, at any time in force affecting the Property or any part thereof, including, without limitation, any which may (i) require repairs, modifications or alterations in or to the Property or any part thereof, or (ii) in any way limit the use and enjoyment thereof. "Lender" shall mean Xxxxxx Xxxxxxx Mortgage Capital Holdings LLC, a New York limited liability company, together with its successors and assigns. "Lender Indemnitees" shall have the meaning set forth in Section 11.13.2 hereof. "Liabilities" shall have the meaning set forth in Section 9.2(b) hereof. DMEAST #17478116 v7 7
Examples of Lease Termination Fee in a sentence
The Shareholder shall at Closing pay to Kellxxxxx xxx sum of One Hundred Eighty Thousand Dollars ($180,000) (the "Lease Termination Fee").
If the Notice and Lease Termination Fee is not given and paid on or before July 17, 1998, the option of Tenant set forth in this Section 1 shall automatically terminate.
At the Closing, the Shareholder shall have delivered to Kellxxxxx (x) the original certificates evidencing the Shares, endorsed in blank and (ii) the original corporate minute books and stock transfer ledgers of Solair and (iii) the Lease Termination Fee.
Tenant shall not be entitled to a Lease Termination Fee if Tenant elects to terminate pursuant to this Section 2.10.
Any Lease Guaranty Payment or Lease Termination Fee shall be either paid directly to Mortgagee or deposited with Mortgagee upon Mortgagor’s receipt thereof and any such amounts may, at Mortgagee’s election, be applied to prepay the outstanding Obligations (including any applicable Make Whole Amount).
More Definitions of Lease Termination Fee
Lease Termination Fee is defined in Section 2.9.
Lease Termination Fee means:
Lease Termination Fee shall have the meaning assigned to such term in Paragraph 19 of this Lease.
Lease Termination Fee shall have the meaning set forth in Section 2.9.
Lease Termination Fee shall have the meaning set forth in Section 6.4.1. “Lease Termination Funds” shall have the meaning set forth in Section 6.4.1. “Lease Termination Reserve Account” shall have the meaning set forth in Section 6.4.1. “Leasing Agent” shall mean (as the context may require) (i) Leasing Agent (Newmark), (ii) Leasing Agent (Xxxxxxx), (iii) Leasing Agent (Xxxxxxx), and (iv) or any other leasing agent engaged by Borrower in accordance with the terms and conditions of the Loan Documents. “Leasing Agent (Cushman)” shall mean Xxxxxxx & Xxxxxxxxx, Inc., a New York corporation. “Leasing Agent (Newmark)” shall mean Newmark & Company Real Estate, Inc. d/b/a Newmark Xxxxx Xxxxxx & Xxxxx, a New York corporation. “Leasing Agent (Savanna)” shall mean Savanna Commercial Services LLC, a Delaware limited liability company. “Leasing Agreement” shall mean (as the context may require) (i) the Leasing Agreement (Newmark), (ii) the Leasing Agreement (Savanna) (Office), (iii) Leasing Agreement (Savanna) (Retail), (iv) Leasing Agreement (Xxxxxxx) or (v) any Replacement Leasing Agreement entered into by and between Borrower or Manager and a Leasing Agent in accordance with the terms of the Loan Documents, in each case, pursuant to which the Leasing Agent is to provide leasing services with respect to the Property. “Leasing Agreement (Xxxxxxx)” shall mean that certain Rental Agency Agreement dated as of July 24, 2019 between Borrower and Leasing Agent (Xxxxxxx).
Lease Termination Fee shall have the meaning set forth in the Mortgage Loan Agreement.
Lease Termination Fee means an amount equal to: (i) the unamortized portion of the Renewal Term Allowance disbursed by Landlord or offset against Rent by Tenant pursuant to Section 6(d) above; (ii) the unamortized amount of real estate leasing commissions paid to any broker (and any unpaid amounts owed to any broker) by Landlord in connection with the negotiation and execution of this Amendment; (iii) the amount of Base Rent that would have been payable by Tenant for the Premises under this Amendment for the four and one-half (4.5) month period after the Termination Date; and (iv) the difference in Base Rent that Tenant would have paid under the Lease through the natural expiration date of the Lease (i.e. December 31, 2011) and the Base Rent that Tenant is paying hereunder through December 31, 2011, together with interest on the items set forth in subclauses (i) and (ii) only at a rate of eight percent (8%) per annum, compounded monthly. If Tenant terminates this Lease with respect to the Termination Premises only, then the Lease Termination Fee shall be determined as set forth above, but prorated based on the number of square feet in the Termination Premises. The amortization period shall be the First Renewal Term (less any period of abated Base Rent).