Common use of New Lease Transaction Clause in Contracts

New Lease Transaction. an Event of Default under Section 16.1(m) and/or Section 16.1(q) would exist under --------------- --------------- this Lease with respect to one (1) Leased Property, and such number of Leased Properties equals the Section 16.10.1 Number that would be applicable to this Lease as a 15 Leased Properties lease, assuming, for purposes of requirement (x) above, that this Section 16.10.3.1 is not applicable. Also, requirement (z) ----------------- above would be met, as assumed in Example 1. Accordingly, in the circumstances --------- of Example 2, a review of Coverage Ratios pursuant to subsection (y) above would --------- be needed in order to determine whether a change in the Section 16.10.1 Number applicable to this Lease is mandated by this Section 16.10.3.1. On the other ----------------- hand, for the aforesaid New Lease (because such New Lease would cover 10 Leased Properties and because requirement (x) above is not met), the Section 16.10.1 Number would equal one (1).