Approved Lessee definition

Approved Lessee means (i) a Taxable REIT Subsidiary of the U.S. Borrower or (ii) another lessee under an Operating Lease, which lessee must be approved by the Administrative Agent (such approval not to be unreasonably withheld) unless either such Operating Lease relates to Hotel Properties accounting, individually or with other leases of such lessee, for less than 10% of the Consolidated EBITDA of the U.S. Borrower or such lessee is a Permitted Facility Manager.
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Approved Lessee means any Equipment Lessee, or the parent company of such Equipment Lessee, which has a rating of “BBB-“ or “Baa3” long term or better or “A-1” or “P-1” short term or better, by Standard & Poor’s and Xxxxx’x Investor Services, respectively, or that are otherwise approved in writing by the Administrative Agent in its sole and absolute discretion. The list of Approved Lessees as approved by Administrative Agent in its sole and absolute discretion as stated above is contained in Schedule B hereto, as the same may be modified from time to time by the Administrative Agent.
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Approved Lessee means (a) Bunge North America, Inc. (“Bunge”), (b) West Central Cooperative (“West Central”), (c) a Person the Equity Interests of which are owned by Bunge, West Central and an affiliate of USRG Management Company, LLC (“USRG”), USRG Power and Biofuels Fund II (“USRG II”) or USRG Power and Biofuels Fund III (“USRG III,” and together with USRG and USRG II, the “USRG Parties”), or (d) a Person reasonably satisfactory to the Senior Secured Parties the Equity Interests of which are owned by a USRG Party.
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Examples of Approved Lessee in a sentence

  • Any successor to Lessee under clause (c)(ii) above shall be subject to Manager's prior written approval, which approval shall not be withheld or delayed if such successor to Lessee is (i) a direct or indirect wholly-owned subsidiary of Lessor, (ii) a person or entity to whom a Sale of the Inn is permitted under Section 10.02.A. of the Management Agreement, or (iii) a person or entity who otherwise is approved by Manager in its sole discretion (an "Approved Lessee").

  • Line construction shares as stipulated in Section 3 shall be refunded to the Owner of the property at the time the Sharing becomes available, EXCEPT where payment for construction has been made by an Approved Lessee, in which case refund shall be made to the lease holder, and EXCEPT where property is held as a Life Estate, refund shall be made to that Person(s) making payment for construction.

  • Approved (Lessee and FMD) Drawing(s) of Planned Renovations, as applicable.

  • Approved Lessee shall submit plans and designs for the system to the State Property Office and State Construction Office, NC Department of Administration for review and approval prior to making any improvements or alterations to the leased premises.

  • The Lessee Development Plan as finally approved by the Executive Director (or by the Executive Director’s failure to execute a Letter of Acceptance within the time frames specified herein) shall become the “Approved Lessee Development Plan.” The Approved Lessee Development Plan may be modified by Lessee only if such modifications are approved in advance and in writing by the Executive Director, in his/her sole discretion.

  • To the best knowledge of each of Holdings and the Borrower, each Approved Lessee has full power and authority and the legal right to lease, manage and operate the properties it operates and to conduct the business in which it is currently engaged with respect to any Hotel Property owned or leased by Holdings or any of its Subsidiaries, including, without limitation, to be the lessee under an Operating Lease and a party to a Management Agreement.

  • Neither Holdings nor any of its Subsidiaries, --------------- and to the best knowledge of each of Holdings and the Borrower, no Facility Manager or Approved Lessee, is engaged in any unfair labor practice with respect to any Hotel Property or other Real Property owned or leased by Holdings or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect.

  • This projection concerns both the distribution (MV) and transmission (HV) stock of SF6.

  • The Borrower will not use, and will not permit any Approved Lessee to use, any Railcar for the carriage or transportation of Hazardous Materials.

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More Definitions of Approved Lessee

Approved Lessee means any person that is listed in Part A of Schedule 5 (Leasing Criteria), subject to the provisions of Part C of Schedule 5 (Leasing Criteria). Approved Maintenance Programme has the meaning ascribed thereto (or to any similar or analogous term) in the Lease Agreement. Approved Sale Conditions has the meaning ascribed thereto in paragraph 9(b) of Schedule 4 (Aircraft Covenants).
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Approved Lessee means (i) SLC or a Subsidiary thereof, as lessee under an Operating Lease, or (ii) another lessee under an Operating Lease approved by the Administrative Agent and the Required Banks.
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Approved Lessee means a Lessee of a Borrower which satisfies each and every one of the conditions described on SCHEDULE 1.2(A), as determined by Agent, or any such other Lessee of a Borrower specifically approved in writing by Agent.
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Approved Lessee means: Schlumberger Technology Corporation; ExxonMobil Chemical, a Division of ExxonMobil Corporation; SSAB Enterprises, LLC; Argos Cement LLC; and Badger Mining Corporation; and their successors and assigns (subject to the prior consent of the Administrative Agent); and (with notice to the Administrative Agent) a Person having a senior secured credit rating or whose lease obligations are guaranteed by a Person having a senior secured credit rating of BB or higher by Standard & Poor’s Ratings Group, BB or higher by Fitch Ratings, Inc., or Ba2 or higher by Xxxxx’x Investor Service; and a Person approved by the Required Lenders.
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Approved Lessee means: Schlumberger Technology Corporation; ExxonMobil Chemical, a Division of ExxonMobil Corporation; SSAB Enterprises, LLC; Argos Cement LLC; and Badger Mining Corporation; and their successors and assigns (subject to the prior consent of the Administrative Agent); and (with notice to the Administrative Agent) a Person having a senior secured credit rating or whose lease obligations are guaranteed by a Person having a senior secured credit rating of BB or higher by Standard & Poor’s Ratings Group, BB or higher by Fitch Ratings, Inc., or Ba2 or higher by Moody’s Investor Service; and a Person approved by the Required Lenders.
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Approved Lessee means (i) Crestline or a Subsidiary thereof, as lessee under an Operating Lease, (ii) a Taxable REIT Subsidiary or (iii) another lessee under an Operating Lease approved by the Administrative Agent and the Required Banks (which approval shall not be unreasonably withheld).
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Related to Approved Lessee

  • Approved Lease has the meaning set forth in Section 6.11(a).

  • Permitted Lessee means the lessee under a Permitted Lease.

  • Ground Lessee means the Owner Lessor as lessee of the Ground Interest under the Facility Site Lease.

  • Approved Lender is defined in Section 12.1.

  • Ground Lessor means, as to any Site, the “lessor,” “sublessor,” “landlord,” “licensor,” “sublicensor” or similar Person under the related Ground Lease.

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • Anchor Tenant means, with respect to a Community Renewable Energy Generation Project, the non-End Use Customer subscriber designated by Seller as such under its SFA application.” The following is added as Section 1.3.3:

  • FHA Approved Mortgagee means a corporation or institution approved as a mortgagee by the FHA under the National Housing Act, as amended from time to time, and applicable FHA Regulations, and eligible to own and service mortgage loans such as the FHA Loans.

  • Franchisor means Marriott International, Inc.

  • Approved Location means the site for the operation of the Franchised Business selected by Franchisee and approved in writing by Franchisor;

  • Approved List means Securities followed by the Global Fundamental Research Group and tracked on the Approved List. Securities may be added, removed, or undergo periodic ratings changes.

  • Major Tenant means a tenant of a Loan Party under a lease of Property which entitles it to occupy 15,000 square feet or more of the net rentable area of such Property.

  • Franchisee means a person to whom a franchise is granted.

  • Lessor means a person who transfers the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor.

  • VA Approved Lender means a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans.

  • Mortgage Borrower shall have the meaning ascribed to the term “Borrower” in the Loan Agreement (Mortgage).

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • Franchise Area means the area within the jurisdictional boundaries of the City, including any areas annexed by the City during the term of this Franchise.

  • approved person means, in respect of a member (Member) of the Investment Industry Regulatory Organization of Canada (IIROC), an individual who is a partner, director, officer, employee or agent of a Member who is approved by IIROC or another Canadian SRO to perform any function required under any IIROC or other Canadian SRO by-law, rule, or policy;

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • Permitted Sublessee means the sublessee under a Permitted Sublease.

  • Approved Contractor means an “Approved Contractor” specified in the Key Details.

  • Sublessee means any party to whom Lessee grants the right to possess all or any portion of the Premises according to a Sublease.

  • Mortgagor The obligor on a Mortgage Note.