Assumed Lease definition

Assumed Lease means the leases for the facilities located at (i) 200 Napoleon Street, San Francisco, California, (ii) 145 South Hill Drive, Brisbane, California (iii) 401 Jackson Street, Oakland, CA and (iv) 3345 Paul Davis Drive, Marina, California.

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Assumed Lease means the ground lease for the San Antonio Facility assumed by Landlord and identified as a “Permitted Exception” on Exhibit B hereto

Assumed Lease means (i) a lease or renewal having a commencement date within 6 months of Tenant's Notice for space of approximately the same size as the Premises of the Building or a "Comparable Building," as hereinafter defined, located in a portion of the Building or such Comparable Building, and with a view and floor height similar to the portion of the Premises for which Prevailing Market Rental Rate is being determined, for a term equal in length to the Option Term; (ii) assuming that a real estate commission is payable with respect to such lease to the extent a third-party commission with respect to extension is agreed or obligated to be paid by Landlord; and (iii) taking into consideration and making adjustment to reflect allowances, concessions provided in Landlord's Notice, if any, and parking to be provided in accordance with Section 29; and the use of the Base Operating Expenses provided in Section E during the Option Term. "Comparable Building" shall mean any existing building or building hereafter constructed in a 6-mile radius of the Building which is of a size, location, quality and prestige comparable to, and with a size and efficiency of floor plate, amenities, and with tenants of a stature reasonably comparable with the Building, provided that appropriate adjustments shall be made to adjust for differences in the size, location, age, efficiency of floorplate, and quality between such other buildings and the Building.

Examples of Assumed Lease in a sentence

• Buyer has been provided with a complete and correct copy of each Assumed Lease.

• No condition or state of facts exists, or, with due notice or lapse of time or both, would exist, which (a) entitles any Person to obtain any Lien (other than a Permitted Lien) upon any of the Acquired Assets (or upon any revenues, income or profits of the Business therefrom) or (b) constitutes a violation or breach of, or a default under, any Assumed Contract or Assumed Lease by Seller.

• Notwithstanding anything in this Agreement to the contrary, the parties acknowledge and agree that at the Closing, Seller is not assigning to Buyer any Assumed Contract, Assumed Lease or other right which by its terms requires the consent of any other party unless such consent has been obtained prior to the Closing (each an “Unassigned Contract”).

• In the event that the Cure Costs of any Material Contract and Lease or other Assumed Contract or Assumed Lease changes after the Agreement Date, Sellers shall promptly, and in no event later than one (1) Business Day, provide notice to Buyer of such change.

• The leasehold estate created by each Assumed Lease is free and clear of all Encumbrances created by, through or under the applicable Seller other than Permitted Encumbrances.

More Definitions of Assumed Lease

Assumed Lease is defined in Section 33.20(a).

Assumed Lease means each lease specifically identified on Schedule 4.5, together with all amendments, modifications, alterations and other changes thereto, except for the Assumed Real Estate Lease.

Assumed Lease has the meaning set forth in the definition of “Purchased Assets”.

Assumed Lease means any Lease pursuant to which Seller leases any Leased Real Property or any Leased Personal Property.

Assumed Lease means (i) a lease of a "Comparable Building" for a term equal to the Renewal Term, scheduled to commence at the time such Renewal Term is scheduled to commence; and (ii) taking into consideration and making adjustment to reflect allowances and concessions (provided, however, that such assumption shall not obligate Landlord to pay any allowances or contributions or to complete any Landlord Work). "Comparable Building" shall mean any first class suburban office building in the Rancho Bern▇▇▇▇ ▇▇▇a which is of a size and quality reasonably comparable to the Leased Premises; provided that, to the extent such comparable buildings are not identical, appropriate adjustments shall be made to adjust for differences in the size, location, age, efficiency of floorplate, quality of buildings, and type and amount of parking between such other buildings and the Leased Premises.

Assumed Lease shall have the meaning set forth in Section 1(a)(iii). “Assumed Liabilities” shall have the meaning set forth in Section 4. “Auction” shall have the meaning set forth in the Bidding Procedures Order. “Avoidance Actions” shall have the meaning set forth in Section 1(a)(xii).

Assumed Lease means any Lease that is an Assumed Liability.