Amended and Restated Lease Agreement definition

Amended and Restated Lease Agreement is defined in Section 6.5.
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Amended and Restated Lease Agreement means the lease agreements between the Surviving Corporation and the owner of the SA Offices (Green Wing Management, Ltd.), which will be negotiated and entered into immediately prior to the Effective Time. The terms of the Amended and Restated Lease Agreements will include: • a term of twelve years beginning on the Effective Date • a recalculation of the rental rate every three years. At the end of each three-year term, there will be an independent appraisal which will be used as the basis for determining the lease payments during the next three-year term, to be calculated as follows: (a) if the new appraisal is more than the current appraisal, the lease will be at a discount of 10% to the market rate (b) if the new appraisal is less than the last appraisal by less than 10%, the lease will be at the same rate as is applicable on the previous three year agreement or (c) if the new appraisal is lower than the applicable appraisal by more than 10%, the lease will be at the market rate. In other words, if the new appraisal is lower than the immediately prior appraisal, the new lease will be the lower of the current lease or market rate. For example, assuming current market appraisal at $100 ( i.e. lease is $90 (at a 10% discount including the 10% discount)): o if the new appraisal were $115, the new lease rate would be 90% of $115 i.e. $103.5 o if the new appraisal were $105, the new lease rate would be 90% of $105 i.e. $94.50 o if the new appraisal were $95, the lease rate would remain at $90 because 90% of $95 ($85.5) is less than the current lease o if the new appraisal is $85, then the new lease rate would be $85 because the market rate is less than the current lease • Prior to the Effective Date, the lease will be adjusted by an independent appraiser to 10% below market value or the current lease rate, whichever is greater. • The Parent will have the right, at the Parent’s sole discretion, to purchase from the leasehold owner(s) the underlying real properties at market rates (to be agreed by an independent evaluation at that time); provided that such market rates cannot be below the value determined in the last appraisal prior to the Effective Date. The Parent shall also have a right of first refusal to purchase the real property, should such property ever be offered for sale.
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Amended and Restated Lease Agreement means an agreement between BRC and Buyer (or its designee) in the form attached hereto as Exhibit A. 14 "Ancillary Agreements" means the Stockholder and Registration Rights Agreement, the Amended and Restated Lease Agreement, New Jersey Escrow and Lease Agreements, the Verebay Employment Contract, the Kaltxxx Xxxloyment Contract, the Assignment and Assumption Agreements, the Performance Escrow Agreement, the License Agreement, the Non-Compete Agreements and the Working Capital Escrow Agreement, collectively.
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Examples of Amended and Restated Lease Agreement in a sentence

  • When the Operating Partnership purchases the Denver Marriott, it will lease it to RoseStar Management, LLC ("RoseStar") pursuant to a Lease Agreement dated June 30, 1995, as amended and restated by an Amended and Restated Lease Agreement dated June 30, 1995 (as amended and restated, the "Lease").

  • The June 30, 1995 memorandum was based upon, among other items, our review of an Amended and Restated Lease Agreement between dated June 30, 1995 between the Operating Partnership, as lessor, and RoseStar Management, LLC ("RoseStar"), as lessee (the "Lease").

  • The Amended and Restated Lease Agreement with Option to Purchase funding mechanism employed to fund the design/build contracts for the facility.

  • Courtyard Denver Airport HH Denver LLC HHC TRS Portsmouth LLC That certain Amended and Restated Lease Agreement, dated as of March 10, 2011, by HH Denver LLC, as lessor, and HHC TRS Portsmouth LLC, as lessee.

  • Courtyard Savannah Historic District HH LC Portfolio LLC HHC TRS LC Portfolio LLC That certain Amended and Restated Lease Agreement, dated as of March 10, 2011, by HH LC Portfolio LLC, as lessor, and HHC TRS LC Portfolio LLC, as lessee.

  • Courtyard Gaithersburg HH Gaithersburg LLC HHC TRS Baltimore LLC That certain Amended and Restated Lease Agreement, dated as of March 10, 2011, by HH Gaithersburg LLC, as lessor, and HHC TRS Baltimore LLC, as lessee.

  • Crowne Plaza Atlanta - Ravinia HH FP Portfolio LLC HHC TRS FP Portfolio LLC That certain Amended and Restated Lease Agreement, dated as of March 10, 2011, by HH FP Portfolio LLC, as lessor, and HHC TRS FP Portfolio LLC, as lessee.

  • Courtyard Boston Tremont HH FP Portfolio LLC HHC TRS FP Portfolio LLC That certain Amended and Restated Lease Agreement, dated as of March 10, 2011, by HH FP Portfolio LLC, as lessor, and HHC TRS FP Portfolio LLC, as lessee.

  • A Resolution approving amendments to Amended and Restated Lease Agreement and Amended and Restated Sublease and Operating Agreement with Cuyahoga County Convention Facilities Development Corporation in connection with the Cleveland Convention Center and the Global Center for Health Innovation; authorizing the County Executive to execute the amendments and all other documents consistent with this Resolution; and declaring the necessity that this Resolution become immediately effective.

  • CRDA entered into a Lease Agreement with the City of Hartford, A second Amended and Restated Lease Agreement dated as of April 26, 2013.


More Definitions of Amended and Restated Lease Agreement

Amended and Restated Lease Agreement means that certain Amended and Restated Lease Agreement approved by the City Council on October 15, 1998, and effective as of the effective date of HJC's Third Amended Joint Plan of Reorganization, as modified, by and among the City, RDC and JCC to which the Open Access Program is attached as Exhibit "C".
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Related to Amended and Restated Lease Agreement

  • Amendment and Restatement Agreement means the Amendment and Restatement Agreement, dated as of January 29, 2016, among the Borrowers, the Lenders party thereto and the Administrative Agent.

  • Second Amended and Restated Credit Agreement shall have the meaning assigned to such term in the recitals of this Agreement.

  • Amended and Restated Credit Agreement has the meaning specified in the recitals to this Agreement.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Use Agreement means the use agreement by and between the Owner and HUD which commences on or before the Effective Date, runs with the land, binds all subsequent owners and creditors of the Exemption Area, and requires that the housing project on the Exemption Area continue to operate on terms at least as advantageous to existing and future tenants as the terms required by the original Section 202 loan agreement or any Section 8 rental assistance payments contract or any other rental housing assistance contract and all applicable federal regulations.

  • Second Amendment Agreement means that certain Second Amendment Agreement dated as of October 4, 2011, among Xxxxx 0, xxx Xxxxxxxx, Xxxxxxx Xxxxx Capital Corporation, as administrative agent and collateral agent, and the Tranche B II Term Lenders party thereto, providing for, among other things, the amendment and restatement of the 2009 Credit Agreement.

  • Amended and Restated Bylaws means the Amended and Restated Bylaws of the Fund in effect at the time the Registration Statement relating to the Preferred Shares is declared effective by the Securities and Exchange Commission, specifying the powers, preferences and rights of the Preferred Shares.

  • Restatement Agreement has the meaning set forth in the introductory statement of this Agreement.

  • Sublease Agreement means that certain Sublease Agreement, dated as of May 1, 2021 by and between the Company and the Agency.

  • Amended Facility Agreement means the Facility Agreement as amended and supplemented by this Agreement.

  • the Second Supplementary Agreement means the Second Supplementary Agreement, a copy of which is set out in Schedule 3;

  • Amendment Agreement shall have the meaning assigned to such term in the recitals hereto.

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • Expense Agreement means the Agreement as to Expenses and Liabilities between the Depositor and the Trust, substantially in the form attached as Exhibit D, as amended from time to time.

  • the first supplementary agreement means the agreement of which a copy is set out in the Second Schedule;

  • Construction Agreement means the proposed building agreement between the Company and a proposed builder substantially in the form of the draft agreement a copy of which has been signed on behalf of the Authority and the Company for the purposes of identification;

  • New Management Agreement means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date.

  • the First Variation Agreement means the agreement a copy of which is set out in Schedule 2.

  • Rental agreement or "lease agreement" means all agreements, written or oral, and valid rules and

  • Assignment of Management Agreement means the Assignment of Management Agreement and Subordination of Management Fees, dated the same date as this Loan Agreement, among Borrower, Lender and Property Manager, including all schedules, riders, allonges and addenda, as such Assignment of Management Agreement may be amended from time to time, and any future Assignment of Management Agreement and Subordination of Management Fees executed in accordance with Section 6.09(d).

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • Lease-purchase agreement means an agreement for the use of personal property by a natural person primarily for personal, family or household purposes, for an initial period of four months or less that is automatically renewable with each payment after the initial period, but does not obligate or require the consumer to continue leasing or using the property beyond the initial period, and that permits the consumer to become the owner of the property.

  • Property Management Agreement means that certain management agreement between the Company and the Property Manager with respect to the management of the Property.

  • Main Agreement means the part of this Agreement that commences on the first page and ends with but includes Schedule A, excluding Section 3(d) (which incorporates this Schedule C into the Agreement).