Common use of Hybrid Lease Fee Owner Clause in Contracts

Hybrid Lease Fee Owner. A Guarantor or a Wholly Owned Subsidiary of Borrower which is structured as a single purpose, bankruptcy remote entity which owns fee simple title to a parcel of Real Estate in connection with a Hybrid Lease. Hybrid Mortgage. A first-priority mortgage loan on the Improvements owned by the Tenant of a completed single-tenant commercial real estate property which is operationally essential to such Tenant, which includes, without limitation, such Tenant’s interest in the ground lease of such Real Estate.

Appears in 3 contracts

Samples: Term Credit Agreement, Term Credit Agreement (STORE CAPITAL Corp), Credit Agreement (STORE CAPITAL Corp)

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Hybrid Lease Fee Owner. A Guarantor or a Wholly Owned Subsidiary of Borrower which is structured as a single purpose, bankruptcy remote entity which owns fee simple title to a parcel of Real Estate in connection with a Hybrid Lease. Hybrid Mortgage. A first-priority mortgage loan on the Improvements owned by the Tenant of a completed single-tenant commercial real estate property which is operationally essential to such Tenant, which includes, without limitation, such Tenant’s interest in the ground lease of such Real Estate.

Appears in 2 contracts

Samples: Bridge Loan Credit Agreement (STORE CAPITAL Corp), Credit Agreement (STORE CAPITAL Corp)

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