Restructured Lease definition

Restructured Lease means any Lease for which the Company, or any assignee or designee thereof (including, if applicable, any purchaser in a Bankruptcy Sale Process), enters into a written agreement with the applicable landlord that has the effect of modifying the terms of such Lease.
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Restructured Lease means any Lease for which the Company enters into a written agreement with the applicable landlord that has the effect of modifying the terms of such Lease, whether such transaction closes in connection with or as a result of an order of a bankruptcy court, plan approval, 363 sale or otherwise.
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Restructured Lease means any Lease for which the Debtors enters into a written agreement during the term of such Lease with the applicable landlord that has the effect of modifying the terms of such Lease, but only if such Lease is assumed by the Debtors and/or such transaction closes in connection with or as a result of an order of a bankruptcy court, plan approval, 363 sale or otherwise.
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Examples of Restructured Lease in a sentence

  • To the extent the Company’s rents under certain Restructured Leases are converted to a percentage of sales or revenue, the Company and Hilco shall agree in good faith to an appropriate sales projection on a portfolio basis for the period of such savings to determine Hilco’s Restructured Lease Savings Fee.

  • Pursuant to the Engagement Agreement, with certain exceptions, for each lease that becomes a Restructured Lease, Hilco earns a fee equal to a base fee of $1,500 plus the aggregate Restructured Lease Savings multiplied by four percent (4.00%).

  • Subject to (1) the Definitive Restructuring Documents having been executed by the date referenced in the prior sentence and (2) the conditions set forth in Section4.1 having been satisfied, upon the entry of the TSA Court Order, the terms and conditions of this Term Sheet, the Restructured Lease Documents and the Restructured Loan Documents shall be immediately effective and shall be deemed to be a binding contract between the Bristow Parties and the Macquarie Parties.

  • These aforementioned projections will be used to calculate Hilco’s Restructured Lease Savings when compared to the scheduled lease rents for each such Restructured Lease converted to a variable or percentage of sales structure.

  • For each Lease that becomes a Restructured Lease, Hilco shall earn a fee equal to the Restructured Lease Savings Fee.

  • The Bristow Parties and the Macquarie Parties will in good faith negotiate the terms of the proposed amendments to the Existing Facility Documents to provide for the Restructured Lease Documents and the Restructured Loan Documents (collectively, such modifications, amendments and supplements, the “Definitive Restructuring Documents”) with the goal of reaching agreement with respect to the proposed Definitive Restructuring Documents as soon as reasonably possible after the execution of this Term Sheet.

  • Subject to the full execution of the Xxxx Lease, the Trust and Applix agree to promptly begin good faith lease negotiations with each other for the New Premises in order to execute another lease amendment for the Restructured Lease on terms substantially in accordance with terms and conditions set forth in the LOI.

  • The aggregate amount of Restructured Lease Savings Fees and Term Shortened Lease Fees due and payable to Hilco hereunder shall be subject to a cap in the amount of $1,000,000 (inclusive of the Initial Fee).

  • The Borrower shall at all times maintain possession of the chattel paper original copy of each Contract included in the Contract Receivables Clause, Inventory and Per Procedure Clause, Restructured Lease Clause or Relationship Contract Clause of the Borrowing Base.

  • In the event the parties fail to execute the lease amendment for the Restructured Lease by February 1, 2004, Applix shall immediately thereafter become obligated to pay to Landlord the Returned Space Differential monthly along with its monthly installments of Base Rent throughout the remainder of its Term as it may be extended from time to time.


More Definitions of Restructured Lease

Restructured Lease means any Lease for which the Company, or any assignee or designee thereof (including, if applicable, any purchaser in a Bankruptcy Sale Process), enters into a written agreement with the applicable landlord that has the effect of modifying the terms of such Lease; provided, that, for the avoidance of doubt, rejection of a Lease in a bankruptcy proceeding alone (without the Company realizing the benefit of any Restructured Lease Savings as described in Section 4(i) and (ii) above) shall not designate such Lease a Restructured Lease.
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Related to Restructured Lease

  • Restructured Loan means a Single Family Shared-Loss Loan for which the Assuming Institution has received a Restructuring Loss payment from the Receiver. This applies to owner occupied and investor owned residences.

  • Restructured Bond or Loan means an Obligation that is a Bond or Loan and in respect of which the relevant Restructuring has occurred.

  • Capital Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which, in accordance with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person and the amount of such obligation shall be the capitalized amount thereof determined in accordance with GAAP.

  • Permitted Lease means a lease permitted under Section 4.02(b) of the Trust Indenture.

  • Approved Lease means (a) each existing Lease as of the Closing Date as set forth in the Leasing Affidavit and (b) each Lease entered into after the Closing Date in accordance with the terms and conditions contained in Section 9.09 as such leases and related documents shall be Modified as permitted pursuant to the terms of this Agreement.

  • Capitalized Lease of a Person means any lease of Property by such Person as lessee which would be capitalized on a balance sheet of such Person prepared in accordance with Agreement Accounting Principles.

  • Finance Lease means any lease or hire purchase contract which would, in accordance with the Accounting Principles, be treated as a finance or capital lease.

  • Sale and Lease-Back Transaction shall have the meaning assigned to such term in Section 6.03.

  • Liquidated Lease means a 2016-B Lease that is terminated and charged off by the Servicer prior to its Maturity Date following a default thereunder.

  • Permitted Lessee means any Person to whom Company is permitted to lease the Airframe or any Engine pursuant to Section 7.02(a) of the Indenture and is a party to a Lease.

  • Finance Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a finance lease that would at such time be required to be capitalized and reflected as a finance lease on a balance sheet (excluding the footnotes thereto) in accordance with GAAP.

  • Capital Asset means, with respect to the Borrower and its Subsidiaries, any asset that should, in accordance with GAAP, be classified and accounted for as a capital asset on a Consolidated balance sheet of the Borrower and its Subsidiaries.

  • Lease means a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. Unless the context clearly indicates otherwise, the term includes a sublease.

  • Capital Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized on a balance sheet in accordance with GAAP.

  • Head Lease or “Superior Lease” means the document which sets out the promises the Landlord has made to the Superior Landlord. The promises contained in this Head Lease will bind the Tenant if he has prior knowledge of those promises.

  • Operating Lease Obligations means all obligations for the payment of rent for any real or personal property under leases or agreements to lease, other than Capitalized Lease Obligations.

  • Finance Lease Obligations means, at the time any determination thereof is to be made, the amount of the liability in respect of a Finance Lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) prepared in accordance with GAAP; provided that Finance Lease Obligations shall, for the avoidance of doubt, exclude all Non-Finance Lease Obligations.

  • Consolidated Lease Expense for any period, the aggregate amount of fixed and contingent rentals payable by the Borrower and its Subsidiaries for such period with respect to leases of real and personal property, determined on a consolidated basis in accordance with GAAP.

  • Permitted Leakage means any of the following:

  • Capitalized Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) in accordance with GAAP.

  • Capital Lease Obligations of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

  • special lease means a special lease or license to be granted in terms of this Agreement under the Ratifying Act the Land Act or the Xxxxxxx Xxx 0000 and includes any renewal thereof; “this Agreement” “hereof” and “hereunder” include this Agreement as from time to time added to varied or amended;

  • Financing Lease Obligation means, as applied to any Person, an obligation that is required to be accounted for as a financing or capital lease (and, for the avoidance of doubt, not a straight-line or operating lease) on both the balance sheet and income statement for financial reporting purposes in accordance with GAAP. At the time any determination thereof is to be made, the amount of the liability in respect of a financing or capital lease would be the amount required to be reflected as a liability on such balance sheet (excluding the footnotes thereto) in accordance with GAAP.

  • Capitalized Lease Obligations of a Person means the amount of the obligations of such Person under Capitalized Leases which would be shown as a liability on a balance sheet of such Person prepared in accordance with Agreement Accounting Principles.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Capitalized Leases means all leases that have been or should be, in accordance with GAAP, recorded as capitalized leases.