Approved New Lease definition

Approved New Lease means any new Lease (i) the terms of which have been approved by Seller as of the date hereof, but which Lease has not been executed and delivered as of the date hereof and (ii) identified on Exhibit C attached hereto. Exhibit C also contains a description of the anticipated major economic terms of each Approved New Lease.
View Source
Approved New Lease is defined in Section 10.3.
View Source
Approved New Lease. Any new Space Lease entered into by Borrower for any occupancy of space within the Real Property which is approved by Lender, is deemed approved by Lender pursuant to Section 4.25.8 or Section 4.25.9 below, or which satisfies the criteria in Section 4.25.7 below and does not require the prior approval of Lender.
View Source

Examples of Approved New Lease in a sentence

  • Seller shall not enter into any new lease or lease modifications, renewals or extensions ("Lease Transaction(s)"), the terms of which shall be assumed by Buyer at Closing, without Buyer's consent (not to be unreasonably withheld) which if given, will cause each such Lease Transactions to be deemed an "Approved New Lease Transaction" for purposes of this Agreement.

  • Except as set forth in Section 11.1.5 and for any Approved New Lease (as hereinafter defined), Seller shall pay all leasing commissions and tenant improvement costs accrued in connection with any Lease executed on or before the Closing Date (but not including leasing commission attributable to expansion or extension options which are not exercised until after the Closing) or Bedford shall receive a credit therefor at Closing.

  • With respect to any Approved New Lease entered into after the date on which Bedford has delivered to Seller its written notice of approval of its conditions as provided in Section 10.1.4 hereof, Bedford shall pay all leasing commissions and tenant improvement costs incurred in connection with such Approved New Lease, not to exceed the amounts disclosed in writing to and approved in writing by Bedford in connection with its approval of such Approved New Lease.

  • Buyer's Share" means, with respect to an Approved New Lease, a fraction, (i) the numerator of which is the number of calendar days in the Approved New Lease Term measured from the Close of Escrow to the end of the Approved New Lease term; and (ii) the denominator of which is the Approved New Lease Term.

  • To Seller’s knowledge, except in connection with or in any Approved New Lease, there are no unpaid Leasing Costs.

  • Buyer's failure to provide written notice of its approval or disapproval to Seller within such two (2) business day period shall be deemed approval, and the subject Lease Transaction shall be deemed an "Approved New Lease Transaction" for purposes of this Agreement.

  • All lease commissions, legal fees for negotiating the documents involved in a Lease Transaction, tenant improvement costs and other costs incurred or to be incurred, either before or after the Closing, in connection with an Approved New Lease Transaction ("New Leasing Costs") shall be the responsibility of and satisfied by the Buyer.

  • Purchaser shall (A) assume all payment and performance obligations of Seller in respect of Tenant Concessions (other than free rental attributable to the period prior to and including Closing) that become due and payable (whether before or after Closing) in connection with any Approved New Lease, and (B) shall not receive a credit against the Purchase Price therefor.

  • If the Approved New Lease described on Exhibit C attached hereto is not executed and delivered on or prior to the Closing Date, the Purchase Price shall be reduced in accordance with Exhibit C-1 attached hereto.

  • At the Close of Escrow, Seller shall receive a credit and Buyer shall be charged for Buyer's Total Share of Approved New Lease Costs.


More Definitions of Approved New Lease

Approved New Lease means a New Lease which (i) has been approved or deemed approved by Buyer pursuant to either Section 14.1 or 14.2 above; or (ii) which Seller is entitled to enter into without Buyer's approval pursuant to Section 14.2 above.
View Source
Approved New Lease means a new lease for space with respect to the Assets which is approved or deemed approved by Prudential pursuant to the terms of Paragraph 10.3 hereof, or, any lease for space entered into after Closing by Venture Five (or any Subsidiary LLC, as applicable).
View Source

Related to Approved New Lease

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

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

  • Approved Valuer means, in relation to a Ship, at any time during the Security Period, any of the firms listed in Schedule 8 (List of Approved Valuers) or any other firm or firms of shipbrokers approved in writing by the Facility Agent acting with the authorisation of the Majority Lenders.

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

  • Site Lease or “Lease” means this Site Lease together with any duly authorized and executed amendment hereto under which the District leases the Site to the Lessee.