Operating Lessor definition

Operating Lessor means: collectively those lessors party to the Operating Leases from time to time.
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Operating Lessor means ARC NY120W5701, LLC, a Delaware limited liability company, together with its permitted successors and permitted assigns, as lessor, pursuant to the Operating Lease, the Mortgage Loan Agreement and this Agreement.
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Operating Lessor means, in respect of an Aircraft, as of any time, the Lessee or Sublessee, as the case may be, which is the lessor under the Operating Lease for such Aircraft.
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Examples of Operating Lessor in a sentence

  • Such damage or destruction shall not terminate this Lease, and the insurance proceeds shall be paid out by Operating Lessor from time to time for the reasonable costs of such restoration upon satisfaction of reasonable terms and conditions specified by Operating Lessor, and any excess proceeds remaining after such restoration shall be retained by Operating Lessor.

  • In the event that REIT terminates its status as a real estate investment trust ("REIT") for tax purposes, or in the event that the Internal Revenue Code provisions are amended so that REITs are permitted to operate hotels, Operating Lessor may elect to terminate this Lease.

  • The Operating Lessor may negotiate with the applicable Operating Lessee additional exceptions and qualifications which are consistent with the Standard.

  • If required by Operating Lessor, the policies must name Operating Lessor or Lender as additional insureds, as applicable.

  • The Operating Lessor hereby agrees to defend, indemnify and hold harmless the Operating Lessee for any defaults under the Franchise Agreements resulting from the Operating Lessor's failure to pay for capital expenditures required under any Franchise Agreements.

  • If title to the fee of less than the whole of the Leased Property is so taken or condemned, which nevertheless renders the Leased Property Unsuitable or Uneconomic for its Primary Intended Use, Operating Lessee and Operating Lessor shall each have the option, by notice to the other, at any time prior to the Date of Taking, to terminate this Lease as of the Date of Taking.

  • Any additions to or replacements of furniture, fixtures, and equipment located at the Leased Property shall become part of the FF&E which is owned by Operating Lessor, subject to the limitations set forth in Schedule 22.2 hereof.

  • In the event of a partial Condemnation as described in Article 13 which does not result in a termination of this Lease by Operating Lessor pursuant to Section 13.4, the Rent shall be abated in the manner and to the extent provided in Section 13.4.

  • All such reports shall be timely filed with the insurance company as required under the terms of the insurance policy involved, and a final copy of such report shall be furnished to Operating Lessor.

  • Operating Lessor and Operating Lessee agree to cooperate fully with each other in the event it becomes necessary to obtain a franchise extension or modification or a new franchise for the Leased Property, provided, however, that Operating Lessor shall pay the entire cost of any upgrades required by any franchisor.


More Definitions of Operating Lessor

Operating Lessor means, with respect to each Summerfield Suites Individual Property, Innkeepers Summerfield General, L. P. and with respect to each Residence Inn Individual Property, Innkeepers RI Northwest, L.P.
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Operating Lessor collectively those lessors party to the Operating Leases from time to time.
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Related to Operating Lessor

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • Mortgage Borrower shall have the meaning set forth in the Recitals to this Agreement.

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

  • 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.

  • Ground Lessor means, as to any Site, the “lessor,” “sublessor,” “landlord,” “licensor,” “sublicensor” or similar Person under the related Ground Lease.

  • Ground Lessee means the Owner Lessor as lessee of the Ground Interest under the Facility Site Lease.

  • Sub-Lessee means a lease/license by a Lessee of part or all of leased space to another person.

  • Property Manager means an entity that has been retained to perform and carry out at one or more of the Properties property-management services, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property, the costs for which are passed through to and ultimately paid by the tenant at such Property.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 2 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • SPE means any bankruptcy-remote, special-purpose entity created in connection with the financing of settlement float with respect to customer funds or otherwise.

  • Project Owner means the legal entity that ultimately owns the Project and to which Tax Credits will be allocated.

  • Mortgagor The obligor on a Mortgage Note.

  • 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:

  • Operating Entity means an entity that operates and controls a portion of the bulk transmission system with the goal of ensuring reliable energy interchange between generators, loads, and other operating entities.

  • Borrower Party means any one of them.

  • Truck lessor means a person who holds the legal title to any motor vehicle, trailer, or semitrailer

  • Borrower as defined in the preamble hereto.

  • Property Management Agreement means any Property Management Agreement between the Company and the Property Manager.

  • Anchor Tenant means, with respect to a Community Renewable Energy Generation Project, the non-End Use Customer subscriber designated by Seller as such under its SFA application.” The following is added as Section 1.3.3:

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • Mezzanine Borrower shall have the meaning set forth in Section 11.6 hereof.

  • Project Company means Company incorporated by the bidder as per Indian Laws in accordance with Clause no 3.5.

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.