Ground Lease Rents Sample Clauses

Ground Lease Rents. Prepaid rent, nondelinquent rents, ------------------ delinquent rents, tax reimbursements, and other fees and costs under any ground, or other leases, or parking agreements to which the Asset is subject (collectively, "Ground Rents") shall be adjusted and prorated as of ------------ the date of the Final Closing.
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Ground Lease Rents. To the extent Ground Lease Rents payable with respect to a Ground Leased Property are not passed through to and paid by Tenants under the Tenant Leases applicable to such Property, and consequently are paid by such Seller of the Ground Leased Property, such Ground Lease Rents shall be prorated as of the Closing Date (with such amounts for the Closing Date being charged to Purchaser). To the extent Ground Lease Rents payable with respect to the Ground Leased Property are passed through to and are paid by Tenants under the Tenant Leases applicable to such Property, or to the extent Ground Lease Rents payable are passed through to and paid directly by any Tenant under a Tenant Lease, such Ground Lease Rents shall not be prorated.
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Ground Lease Rents. All rents and other charges payable by City Center LLC as the tenant under the National City Bank Lease shall be adjusted and prorated between the Sellers and Buyer as of 11:59 p.m. on the day preceding each Closing.
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Ground Lease Rents. With respect to the IBM Plaza Property, all rents and other charges payable by Wabash LLC as the tenant under the Garage Parcel Lease and with respect to the City Center Property, all rents and other charges payable by City Center LLC as the tenant under the National City Bank Lease shall be adjusted and prorated between the Seller and Buyer as of 11:59 p.m. on the day preceding each Closing.
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Ground Lease Rents. Tenant shall be responsible for paying the Base Rent payable from time to time pursuant to the Ground Lease, including any Base Rent payable under the Ground Lease for any periods prior to the Commencement Date. All such Base Rent shall be due and payable in accordance with the terms of the Ground Lease, and Tenant hereby acknowledges receipt of a copy of the fully executed Ground Lease. If Landlord is entitled to any credits against the Base Rent for costs incurred by Landlord pursuant to Section 1.07 of the Ground Lease, Tenant will pay Landlord the full amount of the Base Rent otherwise payable under the Ground Lease (i.e., the full Base Rent without taking any credits into consideration), and Landlord will be entitled to retain the portion of the Base Rent paid by Tenant attributable to such credits.
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Ground Lease Rents. 16 6.9.1 Shopping Center Ground Lease and Non-Shopping Center Ground Lease Rents...............16 6.9.2 Sears Ground Lease....................................................................16
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Ground Lease Rents. 6.9.1 Shopping Center Ground Lease and Non-Shopping Center Ground Lease Rents. Rent due and payable under the Shopping Center Ground Lease and the Non-Shopping Center Ground Lease shall be prorated between Seller and Buyer as of 12:01 a.m.
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Ground Lease Rents. All rents and other charges payable under the Ground Lease will be prorated as of the Closing Date.
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Ground Lease Rents. All rents and other charges payable by Seller as the tenant under the Ground Lease shall be adjusted and prorated between Seller and Buyer as of 11:59 p.m. on the day preceding each Closing.
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Related to Ground Lease Rents

  • Ground Lease Reserved.

  • Ground Leases For purposes of this Exhibit C, a “Ground Lease” shall mean 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 Lease The parties hereto intend that this Lease shall be deemed for all purposes to be an operating lease and not a capital lease.

  • Space Leases (i) Borrower has delivered a true, correct and complete schedule of all Space Leases as of the date hereof, which accurately and completely sets forth in all material respects, for each such Space Lease, the following (collectively, the “Rent Roll”): the name and address of the tenant with the name, title and telephone number of the contact person of such tenant; the lease expiration date, extension and renewal provisions; the base rent and percentage rent payable; all additional rent and pass-through obligations; and the security deposit held thereunder and the location of such deposit.

  • Operating Leases Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be made) by the Loan Parties (on a consolidated basis) to exceed $1,000,000 in any Fiscal Year.

  • Lease Estoppels With respect to each Mortgage Loan secured by retail, office or industrial properties, the Mortgage Loan Seller requested the related Mortgagor to obtain estoppels from each commercial tenant with respect to the Certified Rent Roll (except for tenants for whom the related lease income was excluded from the Mortgage Loan Seller’s underwriting). With respect to each Mortgage Loan predominantly secured by a retail, office or industrial property leased to a single tenant, the Mortgage Loan Seller reviewed such estoppel obtained from such tenant no earlier than 90 days prior to the origination date of the related Mortgage Loan (or such longer period as Mortgage Loan Seller may deem reasonable and appropriate based on Mortgage Loan Seller’s practices in connection with the origination of similar commercial and multifamily loans intended for securitization), and to Mortgage Loan Seller’s knowledge, based solely on the related estoppel, (x) the related lease is in full force and effect and (y) there exists no material default under such lease, either by the lessee thereunder or by the lessor subject, in each case, to customary reservations of tenant’s rights, such as with respect to CAM and pass-through audits and verification of landlord’s compliance with co-tenancy provisions.

  • Tenant Leases As of the Effective Date, the Property Owner is the lessor or landlord or the successor lessor or landlord under the Tenant Leases, and as of the Closing Date, the Company will be the lessor or landlord or the successor lessor or landlord under the Tenant Leases. The Lease Schedule/Rent Roll is true, accurate and correct in all material respects with respect to (i) the description of the Tenant Leases; (ii) to Property Owner's knowledge, the identities of the Tenants under the Tenant Leases; (iii) the space occupied by the Tenants; (iv) the expiration dates of the Tenant Leases; (v) the monthly base rental payable thereunder; (vi) unpaid Leasing Costs; (vii) commissions; (viii) the Tenant Security Deposits, and (ix) the Lease/amendments dates. Except as set forth on the Lease Schedule/Rent Roll, the Tenant Leases are in full force and effect and have not been modified. There are no written or oral promises, understandings or commitments between Property Owner and any Tenant other than those contained in the Tenant Leases. To Property Owner's knowledge, none of the Tenants have asserted any defense, set-off or counterclaim or raised any dispute with regard to its tenancy or its Tenant Lease. Except as set forth in the Lease Schedule/Rent Roll, there are no other leases or occupancy agreements to which Property Owner or the Company is a party affecting the Property, no rents under any of the Tenant Leases have been prepaid for more than one month, and there are no arrears in the payment of rents for than one month. Other than Leasing Costs pursuant to the Pending Transactions and other than the Tenant Leases or expansions or renewals between the Effective Date and Closing which have been approved by CBL/OP, there are no Leasing Costs for which CBL/OP or the Company shall become liable or that shall constitute a lien on the Property after Closing. Property Owner has delivered to CBL/OP a true, correct and complete copy of all Tenant Leases (including all amendments thereto).

  • Tenant’s Lease Default Notwithstanding any provision to the contrary contained in the Lease, if an event of default by Tenant as described in Section 12.01 of the Lease or any default by Tenant under this Work Letter (which, for purposes hereof, shall include, without limitation, the delivery by Tenant to Landlord of any oral or written, including electronic, notice instructing Landlord to cease the design and/or construction of the Tenant Improvements and/or that Tenant does not intend to occupy the Premises, and/or any other anticipatory breach of the Lease) has occurred at any time on or before the Substantial Completion of the Premises, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, at law and/or in equity, Landlord shall have the right to withhold payment of all or any portion of the Tenant Improvement Allowance and/or Landlord may cause Contractor to cease the construction of the Premises (in which case, Tenant shall be responsible for any delay in the Substantial Completion of the Premises caused by such work stoppage as a Tenant Delay as set forth in Section 5.01 above), and (ii) all other obligations of Landlord under the terms of this Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the Lease (in which case, Tenant shall be responsible for any delay in the Substantial Completion of the Premises caused by such inaction by Landlord as a Tenant Delay). In addition, if the Lease is terminated prior to the Lease Commencement Date, for any reason due to an event of default by Tenant as described in Section 12.01 of the Lease or under this Work Letter (including, without limitation, any anticipatory breach described above in this Section 6.05), then (A) Tenant shall be liable to Landlord for all damages available to Landlord pursuant to the Lease and otherwise available to Landlord at law and/or in equity by reason of a default by Tenant under the Lease or this Work Letter, and (B) Tenant shall pay to Landlord, as Additional Rent under the Lease, within five (5) Business Days after Tenant’s receipt of a statement therefor, any and all costs incurred by Landlord (including any portion of the Tenant Improvement Allowance disbursed by Landlord) and not reimbursed or otherwise paid by Tenant through the date of such termination in connection with the Tenant Improvements to the extent planned, installed and/or constructed as of such date of termination, including, but not limited to, any costs related to the removal of all or any portion of the Tenant Improvements and restoration costs related thereto.

  • Payment of Leasehold Obligations Each Borrower shall at all times pay, when and as due, its rental obligations under all leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect and, at Agent’s request will provide evidence of having done so.

  • Real Property Lease Except as set forth in Disclosure Schedule 1.1.(b), Seller has no leases of real property used or held for use in connection with the Business or the Purchased Assets.

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