Affected Lease definition

Affected Lease with respect to each Subsidiary of the Borrower, each lease by such Subsidiary (as lessee) of property, plant or equipment that is characterized or re-characterized as a Capital Lease.
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Affected Lease shall have the meaning ascribed to such term in Section 4.1(b). “Affiliate” - shall have the meaning ascribed to such term in Section 5.2. “Agreement” - shall have the meaning ascribed to such term in the preamble hereto.
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Affected Lease shall have the meaning ascribed to such term in Section 4.1(b).
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Examples of Affected Lease in a sentence

  • State Bill Relevant Act/ RegulationAmendmentQueensland(cont.)COVID-19Emergency Response Bill 2020 (cont.)Retail Shop Leases and Other Commercial Leases (COVID-19 Emergency Response) Regulation 2020 (cont.)Obligation to renegotiate rent and other termsA party (Initiator) to an Affected Lease may request in writing for the other party to renegotiate the rent and other terms of the lease.

  • State Bill Relevant Act/ RegulationAmendmentQueensland(cont.)COVID-19Emergency Response Bill 2020 (cont.)Retail Shop Leases and Other Commercial Leases (COVID-19 Emergency Response) Regulation 2020Who the Regulations apply toThe Regulations apply to an Affected Lease.

  • The Bankruptcy Court found that an evidentiary hearing to determine if anyone at the Trustee’s office had read the March 10 motion was unnecessary because it would make no difference to its decision to grant the Trustee’s motion.

  • Borrower shall be permitted to withdraw funds from such impounds to pay leasing costs for re-leasing the space demised under the Affected Lease when such costs are incurred.

  • In addition, funds in excess of the projected amount necessary to pay for such leasing costs may be withdrawn from such reserve and deposited into the Clearing Account (as defined in the Cash Management Agreement) on a monthly basis in equal monthly disbursements amortized over the remaining term of the Affected Lease.

  • It identifies “the key issue presented in this appeal” as “whether the Secretary’s direction to categorically withhold deepwater permits for several months was a directed suspension that, by law, correspondingly extends Statoil’s Affected Lease terms for that period.” Reply at 1.

  • Any such Deemed Collection shall be an amount equal to (a) in case of the exercise of the Portfolio Call Option, the Portfolio Call Strike Price, (b) in case of the exercise of the Termination Call Option, the relevant Termination Call Strike Price and (c) in case of any other event giving rise to a Deemed Collection, the Discounted Lease Balance of the relevant Affected Lease Asset.

  • For example, the Initiator should clearly state the terms they are seeking to negotiate and provide evidence on why the lease is an Affected Lease (for example, providing financial information/ evidence of eligibility for JobKeeper).Within 30 days of receiving the sufficient information as required above, the lessor must offer the lessee a reduction in rent payable (and any other proposed changes).

Related to Affected Lease

  • Affected land means the area of land from which overburden has been removed or upon which overburden has been deposited, or land which has otherwise been disturbed, changed, influenced, or altered in any way in the course of mining, including processing and stockpile areas but not including roads.

  • Permitted Lease means a lease permitted under Section 4.02(b) of the Trust Indenture.

  • Affected Loan has the meaning specified in Section 3.04.

  • Affected Lender has the meaning specified therefor in Section 2.13(b) of the Agreement.

  • Affected Property means all real property at the Site and any other real property where EPA determines, at any time, that access or, land, water, or other resource use restrictions, and/or Institutional Controls are needed to implement the removal action, including, but not limited to, the following properties [insert property descriptions].

  • Affected facility means, with reference to a stationary source, any apparatus to which a standard is applicable.

  • Approved Lease means (a) each existing Lease as of the Closing Date as set forth in the Leasing Affidavit and (b) each Lease entered into after the Closing Date in accordance with the terms and conditions contained in Section 9.09 as such leases and related documents shall be Modified as permitted pursuant to the terms of this Agreement.

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • special lease means a special lease or license to be granted in terms of this Agreement under the Ratifying Act the Land Act or the Xxxxxxx Xxx 0000 and includes any renewal thereof; “this Agreement” “hereof” and “hereunder” include this Agreement as from time to time added to varied or amended;

  • Affected Loans as defined in Section 2.18(b).

  • Recorded Leasehold Interest means a Leasehold Property with respect to which a Record Document has been recorded in all places necessary or desirable, in the Collateral Agent’s reasonable judgment, to give constructive notice of such Leasehold Property to third-party purchasers and encumbrances of the affected real property.

  • Permitted Lessee means any Person to whom Company is permitted to lease the Airframe or any Engine pursuant to Section 7.02(a) of the Indenture and is a party to a Lease.

  • Ground Lease means 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:

  • Liquidated Lease means a 2016-B Lease that is terminated and charged off by the Servicer prior to its Maturity Date following a default thereunder.

  • Master Lease means that certain [Master Lease title], relating to the leasing of, inter alia, the Healthcare Facility by Borrower to Master Tenant.

  • Lease means a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. Unless the context clearly indicates otherwise, the term includes a sublease.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Head Lease or “Superior Lease” means the document which sets out the promises the Landlord has made to the Superior Landlord. The promises contained in this Head Lease will bind the Tenant if he has prior knowledge of those promises.

  • Defaulted Lease means any Lease that (a) by its terms, is delinquent more than 120 days, (b) by its terms is delinquent less than 120 days and the Servicer has (i) determined, in accordance with the Credit and Collection Policy, that eventual payment in full is unlikely or (ii) repossessed the related Leased Vehicle (including, but not limited to, as a result of the Lessee’s failure to maintain insurance coverage required by the Lease, the failure of the Lessee to timely or properly perform any obligation under the Lease, or any other act by the Lessee constituting a default under applicable law), or (c) the Servicer has received notification that the related Lessee is subject to bankruptcy proceedings under Chapter 13 under the Bankruptcy Code.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Capitalized Lease of a Person means any lease of Property by such Person as lessee which would be capitalized on a balance sheet of such Person prepared in accordance with Agreement Accounting Principles.

  • Permitted Leakage means any of the following:

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Leasehold Mortgage means any leasehold deed of trust, mortgage, deed to secure debt, assignment of leases and rents, assignment, security agreement, or other security document securing financing from a lender of Tenant and encumbering Tenant’s leasehold interest in any Demised Property.