NTFC Lease Sample Clauses

NTFC Lease. Effective as of the Effective Date (as hereinafter defined), (A) the NTFC Lease Schedules and the NTFC Lease are hereby amended such that the covenants referred to on the Financial Covenants and Reporting Requirements Annex to the NTFC Lease as consisting of Sections 5.02(b)-(q) of the Senior Credit Agreement are hereby amended by the Senior Credit Agreement Amendment, (B) the covenants attached hereto as Exhibit A (which are the covenants referred to in clause (A) above as amended by the Senior Credit Agreement Amendment), are hereby deemed to be attached to, and are deemed to have become a part of, the NTFC Lease, (C) the NTFC Lease Schedules and the NTFC Lease are hereby amended such that the covenants referred to on the Financial Covenants and Reporting Requirements Annex to the NTFC Lease as consisting of Sections 5.02(b)-(q) of the Second Lien Credit Agreement are hereby amended by the Second Lien Credit Agreement Amendment, (D) the covenants attached hereto as Exhibit B (which are the covenants referred to in clause (C) above as amended by the Second Lien Credit Agreement Amendment) are hereby deemed to be attached to, and are deemed to have become a part of, the NTFC Lease, and (E) Section 1 of the Financial Covenants and Reporting Requirements Annex to the NTFC Lease shall be amended to read as follows:
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NTFC Lease. Effective as of the Effective Date (as hereinafter defined), (A) the NTFC Lease Schedules and the NTFC Lease are hereby amended such that the covenants referred to on the Financial Covenants and Reporting Requirements Annex to the NTFC Lease as consisting of Sections 5.02(b)-(q) of the Amended and Restated Credit Agreement, dated as of October 29, 2002 between the Lessees and certain other parties, shall no longer be a part of the NTFC Lease, and Lessees shall have no further obligation to observe such covenants for the benefit of NTFC, (B) the covenants attached hereto as Exhibit A are hereby deemed to be attached to, and are deemed to have become a part of, the NTFC Lease in place of the covenants referred to in clause (A) above, and (C) Section 1 of the Financial Covenants and Reporting Requirements Annex to the NTFC Lease shall be amended to read as follows:
Sample 1

Related to NTFC Lease

  • 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.

  • Ground Lease Reserved.

  • 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.

  • Operating Lease Obligations On the Effective Date, none of the Loan Parties has any Operating Lease Obligations other than the Operating Lease Obligations set forth on Schedule 6.01(q).

  • True Lease Landlord and Tenant intend for this Lease to be a true lease and not a transaction creating a financing arrangement. Each party shall take all reasonable steps to reflect the transaction represented hereby in all applicable books, records and reports (including, without limitation, income tax filings) in a manner consistent with "true lease" treatment rather than "financing" treatment.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • 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:

  • Lease Supplement The Lease Supplement No. 1 (Federal Express Corporation Trust No. N676FE) to be dated the Delivery Date, substantially in the form of Exhibit A to the Lease. Lease Term. The period commencing on the Delivery Date and ending at the end of the Basic Term. Lessee. Federal Express Corporation, a Delaware corporation.

  • 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.

  • Master Lease A. All the obligations contained in the Master Lease conferred and imposed upon Sublessor (as Tenant therein) shall be borne by Sublessor and Sublessee in accordance with the Sublessor's Percentage and the Sublessee's Percentage, respectively, except as modified and amended by this Sublease, and all rights and privileges contained in the Master Lease conferred upon Sublessor (as Tenant therein), are hereby conferred and imposed upon Sublessee, to the extent of Sublessee's Percentage. Sublessor covenants and agrees it will make payment of the rentals reserved under the Master Lease as and when due, will perform Sublessor's insurance obligations under the Master Lease, and will otherwise fully and faithfully perform the terms and conditions of the Master Lease with respect to the Sublessor's Percentage. Sublessee covenants and agrees to otherwise fully and faithfully perform the terms and conditions of the Master Lease and the Sublease on its part to be performed. Neither the Sublessor nor Sublessee shall do or cause to be done any act which would or might cause the Master Lease, or the rights of Sublessor as tenant under the Master Lease to be endangered, cancelled, terminated, forfeited or surrendered, or which would or might cause Sublessor to be in default thereunder or liable for any damage, claim or penalty. Sublessee agrees, as an express inducement for Sublessor executing this Sublease, that if there is any conflict between the provisions of the Master Lease and this Sublease which would permit Sublessee to do or cause to be done any act which is prohibited by the Master Lease then the provisions of the Master Lease shall prevail.

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