Severance Lease definition

Severance Lease. As defined in the Other Leases (as applicable).

Severance Lease means any “L1/L2 Severance Lease” (as defined in the Non-CPLV Master Lease as of the Issue Date) and any similar leases permitted under any of the other Master Leases.

Severance Lease means any “Severance Lease” (as defined in the Las Vegas Master Lease and the Regional Master Lease), any “Separate Lease” (as defined in the MGM Master Lease) and any similar leases permitted under any of the other Master Leases.

Examples of Severance Lease in a sentence

• Since the forward-starting swaps and treasury locks were hedging the interest rate risk on the April 2022 Notes, the unrealized gain in Accumulated other comprehensive income will be amortized over the term of the respective derivative instruments, which matches that of the underlying note, as a reduction in interest expense.PENDING ACTIVITY• Mirage Severance Lease.

• The Severance Lease and the Balance Lease shall be executed and delivered simultaneously with the closing of a construction loan or other financing for the construction of the Project located on the premises demised under the Parcel Lease.

• The Severance Lease was executed by O&Y and BPCA on June 15, 1983.

• The Severance Lease and the Severance Lease Assignment shall have been executed and delivered and be in full force and effect, following satisfaction of all conditions precedent thereto;6.

• The result of a successful solicitation or the goal of the bankruptcy process, if successful, is that the Balance Lease and Severance Lease become effective pursuant to the bankruptcy plan and in the hands of Newco and MADDD-designees, respectively, designated in the bankruptcy plan.

More Definitions of Severance Lease

Severance Lease. A separate lease with respect to a New Jersey Facility, created when Landlord transfers a specific Facility (Facilities), which lease shall provide that the rent payable under the Severance Lease at the time of commencement of such Severance Lease shall be equal to the amount of the Rent Reduction Amount for the applicable Leased Property to be subject to such Severance Lease.

Severance Lease means any “L1/L2 Severance Lease” (as defined in the Amended Initial Master Lease as of the Amendment No. 1 Effective Date) and any similar leases permitted under any of the other Master Leases.

Severance Lease. A separate lease with respect to a Facility, created when Landlord transfers a specific Facility (or Facilities), which lease shall comply with the requirements set forth in Section 18.2 hereof. After the creation of a Severance Lease with an Affiliate of Landlord, such Severance Lease shall be considered an Other Lease hereunder.

Severance Lease. As defined in Section 22.7.

Severance Lease means that certain Agreement of Sublease (NYC) dated as of December 12, 2001 by and between New York Times Building LLC ("NYTB"), as landlord, and NYT Real Estate Company LLC, as tenant, a memorandum of which was recorded October 24, 2003 as CRFN 2003000433125 in the Office of the City Register (the "Initial NYTC Sublease"), which Initial NYTC Sublease was amended by First Amendment to Agreement of Sublease (NYT) dated as of August 15, 2006 between landlord and tenant and recorded in the Office of the City Register of the City of New York on November 20, 2006 as CRFN 2006000644735 (the "First Amendment") and by Second Amendment to Agreement of Sublease (NYT) (the "Second Amendment") dated as of January 29, 2007 between landlord and tenant and recorded in the Office of the City Register of the City of New York on February 22, 2007 as CRFN 2007000100157 and as amended by Third Amendment to Agreement of Sublease (NYT) (the "Third Amendment"), dated as of March 6, 2009 between landlord and tenant, as same may be further amended from time to time. Pursuant to that certain Assignment and Assumption Agreement, dated as of August 15, 2006, and recorded in the Office of the City Register of the City of New York on November 20, 2006 as CRFN 200600644732, NYTB assigned to 42nd Street Development Project, Inc. ("42DP") all of its right, titlx xxx xxxxxest, as landlord, in and to the Severance Lease.

Severance Lease means a severance lease agreement in respect of the Hotel Portion and the Banquet Facility Portion between Landlord and the Hotel Tenant on substantially the same terms and in substantially the same form as this Lease except (a) to the extent such terms are otherwise agreed by Landlord and the Hotel Tenant and (b) such severance lease agreement shall not provide that a Default or Event of Default hereunder constitutes a default or event of default under such severance lease agreement.

Severance Lease any “Severance Lease” (as defined in the Las Vegas Master Lease and the Regional Master Lease as of the Closing Date) and any similar leases permitted under any of the other Master Leases.