Specified Lease. A lease by the Borrower as lessee of Real Estate at which Inventory is held and as to which at any time either (a) the Borrower and the Agents have not received a Landlord Waiver or (b) the Administrative Agent has not received evidence, in form and substance satisfactory to the Administrative Agent, that, based upon then existing law (as determined by the Administrative Agent in the exercise of its reasonable discretion and on the advice of counsel), the landlord of such property would not have a lien on inventory superior to the security interest granted under the Security Agreement, securing rent obligations more than thirty (30) days past due or securing future rent obligations accruing after the Closing Date.
Specified Lease. A lease by any of the Borrowers as lessee of Real Estate at which Eligible Inventory or, in the case of NordicTrack, Eligible NordicTrack Inventory, is held and as to which at any time the Administrative Agent has not received evidence, in form and substance satisfactory to the Administrative Agent, that based upon then existing law (as determined by the Administrative Agent in the exercise of its reasonable discretion and on the advice of counsel), the landlord of such property would not have a lien on inventory superior to the security interest granted under the Security Documents, securing rent obligations more than thirty (30) days past due or securing future rent obligations accruing after the Closing Date; PROVIDED, HOWEVER, that no lease for which the applicable Borrower and the Administrative Agent have received a Landlord Waiver shall be a Specified Lease.
Specified Lease. Buyer agrees to use reasonable best efforts to replace CCI as guarantor under the Specified Lease with an Affiliate of Buyer no later than the 12 month anniversary of the Closing Date.
Specified Lease. A lease by the Borrower as lessee of Real Estate at which Inventory is held and as to which at any time either (a) the Borrower and the Agents have not received a Landlord Waiver or (b) the Administrative Agent has not received evidence, in form and substance satisfactory to the Administrative Agent, that, based upon then existing law (as determined by the Administrative Agent in the exercise of its reasonable discretion and on the advice of counsel), the landlord of such property would not have a lien on inventory superior to the security interest granted under the Security Agreement, securing rent obligations more than thirty (30) days past due or securing future rent obligations accruing after the Closing Date. STORE ACCOUNTS. Depository accounts in depository institutions for, or on behalf of, the Borrower or any of its Subsidiaries and listed on SCHEDULE 7.20 hereto (as such may be amended from time to time in accordance with the terms hereof).
Specified Lease. If (i) as of the Closing the Seller Parties have not obtained the required consent of the counterparty to the Specified Lease, and (ii) as a result of such failure any of the Buyers or the Acquired Companies incur any Losses, the Seller Parties shall reimburse the Buyers and/or the Acquired Companies for any and all such Losses, including all Losses incurred in connection with shipping any products to customers or relocating to a new facility; provided, however, that the aggregate amount for which the Seller Parties shall be liable under this Section 9.9 shall be limited to $400,000.
Specified Lease. Each lease by the Borrower or a Domestic Subsidiary as Lessee of real property at which Eligible Inventory is held and as to which the Agent has not from time to time received evidence, in form and substance satisfactory to the Agent, that based upon then existing law, the landlord of such property would not have or be entitled to claim a lien on inventory superior to the security interest granted to the Agent under the Security Agreements, securing obligations past due or securing future obligations; provided that no lease for which the Agent shall have received a Landlord Waiver shall be a Specified Lease.
