Approved Lease Form definition

Approved Lease Form means the standard lease form or forms for the Property approved by Administrative Agent from time to time, and which shall include estoppel, subordination, attornment and mortgagee protection provisions satisfactory to Administrative Agent in Administrative Agent’s sole discretion.

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Approved Lease Form shall have the meaning set forth in Section 5.17(b)(i) hereof.

Approved Lease Form means the form of Lease approved by Lender and attached hereto as Schedule VII.

Examples of Approved Lease Form in a sentence

Manager may adopt and modify the rules and regulations of the Project intended to govern the day-to-day activities of the Residents, but only to the extent that such rules and regulations of the Project do not conflict with the provisions of this Agreement, the Approved Lease Form or Legal Requirements.
In addition, the Approved Lease Form may, on a tenant by tenant basis, be negotiated and modified by Manager in its reasonable discretion to be consistent with the market and that result from arms-length negotiations, provided that any material deviation from such forms shall be approved in advance by Owner (and/or Owner's mortgagee), such approval not to be unreasonably withheld, conditioned or delayed.
In addition, the Approved Lease Form may, on a tenant by tenant basis, be negotiated and modified by Manager in its reasonable discretion to be consistent with the market and that result from arms-length negotiations, provided that any material deviation from such forms shall be approved in advance by Owner (and/or Owner’s mortgagee), such approval not to be unreasonably withheld, conditioned or delayed.
Any material deviation from the Approved Lease Form shall be subject to the prior approval of Administrative Agent prior to execution of any lease using such form, such approval not to be unreasonably withheld.
All material changes and amendments to the Approved Lease Form must be approved by Lender.

More Definitions of Approved Lease Form

Approved Lease Form means the form of lease approved by the Members from time to time for use in connection with the leasing of space in the Properties.

Approved Lease Form. — means the standard lease form or forms for the Property approved by Administrative Agent from time to time, and which shall include estoppel, subordination, attornment and mortgagee protection provisions satisfactory to Administrative Agent in Administrative Agent’s sole discretion.

Approved Lease Form means a form of lease which is satisfactory to the Agent and which, in any event, (i) does not provide for any obligation of the Borrower with respect to residual value (or the equivalent) of greater than 40% of original cost for tractors, 25% of original cost for trailers, a percentage of original cost reasonably satisfactory to the Agent in the case of tippers or 20% of original cost for other equipment and (ii) which has no event of default comprising a cross default (as opposed to a cross acceleration) and which has no representations, warranties, covenants or events of default or prepayment that relate to any other Person or that relate to the Borrower's operations or condition (financial or otherwise) generally (as opposed to those that relate solely to leased equipment). For avoidance of doubt, (x) defaults with respect to particular equipment under a master equipment lease agreement to which the Borrower is a party shall not be deemed to be cross defaults with respect to other equipment under the same master lease agreement and (y) adding additional schedules in form theretofore approved by the Agent to a master lease agreement theretofore approved by the Agent shall not require separate approval of the Agent.

Approved Lease Form means a standard form of Lease for the Property approved in writing by Lender.

Approved Lease Form has the meaning ascribed to such term in SECTION 5.15.1.

Approved Lease Form means Subsidiary Guarantor’s standard lease form approved by Administrative Agent as of the Closing Date and attached hereto as Exhibit A.

Approved Lease Form means, with respect to any Finance Lease, the form attached hereto as Exhibit E.