Examples of Affiliate Lease in a sentence
If this Lease is terminated with respect to a Facility subject to a taking as described in this section, Landlord may, at its option, terminate each Affiliate Lease.
In addition, the Plan expressly provides that the injunctions set forth therein shall not constitute or be deemed to constitute, an injunction of any Affiliate Lease Action.
Xxxxx, Xx. , individuals who are also the sole general partners of the Seller (the "Individuals"), pursuant to a certain Furniture, Fixtures and Equipment Lease dated as of October 1, 1990 (the "Affiliate Lease").
Five (5) of the seven (7) Affiliate Leases were amended in December, 1994 and January, 1995 (when the Debtors were in technical default under the Credit Agreement as set forth in Section III.D. of this Disclosure Statement) at which time rents were increased by between 16% and 90% and the lease term for each Affiliate Lease was extended by ten years.
The Committee and the Debtors believe that any rejection or avoidance of an Affiliate Lease will, in comparison to the assumption of such Affiliate Lease at current terms, result in improvement in the Debtors' financial strength and, accordingly, its business projections.