Assumed Leased Real Property definition

Assumed Leased Real Property shall have the meaning set forth in Section 1.1(h).

Assumed Leased Real Property means those certain leases of real property related to the Sellers’ Business locations that are subject to Assigned Contracts and that are identified in Schedule 2.1(b).

Assumed Leased Real Property means the real property subject to the Assumed Real Property Leases.

Examples of Assumed Leased Real Property in a sentence

• Sellers will use reasonable commercial efforts to cooperate with Purchaser in obtaining from each of the Landlords on Assumed Leased Real Property an estoppel certificate substantially in the form of Exhibit I to this Agreement or in such substantively similar form as may be provided for under the particular Lease for the Assumed Leased Real Property (“Estoppel Certificate”).

• Purchaser acknowledges that prior to the Agreement Date, it has had the opportunity to examine and investigate the Purchased Assets and the Assumed Leased Real Property to the extent permitted by Sellers.

• To Seller’s Knowledge the Leases with respect to the Assumed Leased Real Property will continue to be legal, valid, binding, enforceable and in full force and effect on the same material terms immediately following the consummation of the transactions contemplated hereby.

• To Sellers’ Knowledge, the Leases with respect to the Assumed Leased Real Property will continue to be legal, valid, binding, enforceable and in full force and effect on the same material terms immediately following the consummation of the transactions contemplated hereby.

• Each Assumed Real Property Lease grants Sellers the right to use and occupy the applicable Assumed Leased Real Property, in accordance with the terms thereof, subject only to Permitted Encumbrances.

• Mortgages held for investment Fair value is estimated using market quotes for securities backed by similar loans or by discounting contractual cash flows, adjusted for credit risk and prepayment estimates.

• Since January 1, 2018, no Seller has received any written notice of, or to the Knowledge of the Sellers, oral notice of, condemnation or eminent domain proceedings pending or threatened that affect any of the Assumed Leased Real Property.

• At the Closing, Seller shall deliver to Buyer possession of the Assumed Leased Real Property or Retained Leased Real Property, and all Excluded Assets shall have been removed by Seller from each of such Assumed Leased Real Property or Retained Leased Real Property (unless otherwise agreed by the Parties).

• Schedule 3.7.1(b) delivered pursuant to Section 5.6.4, lists all Leased Real Property (other than the Assumed Leased Real Property) and the Leases by which Seller occupies such Leased Real Property.

• From and after the date hereof up to the opening of business on the date of the Auction, Seller shall make such deletions to Schedule 1.6(a) as Purchaser shall, in its sole discretion, request in writing, provided that no Assumed Leased Real Property shall be deleted from Schedule 1.6(a).

More Definitions of Assumed Leased Real Property

Assumed Leased Real Property shall have the meaning set forth in Section 2.1(e). (15) “Assumed Liabilities” shall have the meaning set forth in Section 2.3. (16) “Auction” has that meaning ascribed to such term by the Bidding Procedures Order. (17) “Avoidance Actions” means any and all avoidance, recovery, subordination, or other claims or remedies that may be brought by or on behalf of the Debtors or their Estates or other authorized parties in interest under the Bankruptcy Code or applicable non-bankruptcy law, including any claims or remedies under sections 502, 510, 542, 544, 545, 547–553, and 724(a) of the Bankruptcy Code or under other similar or related local, state, federal, or foreign statutes and common law, relating to the Purchased Assets and the Assumed Liabilities. (18) “Balance Sheet” shall have the meaning set forth in Section 5.16(b). (19) “Bankruptcy Cases” shall have the meaning set forth in the Recitals. (20) “Bankruptcy Code” shall have the meaning set forth in the Recitals. (21) “Bankruptcy Court” shall have the meaning set forth in the Recitals. (22) “Bankruptcy Rules” shall have the meaning set forth in the Recitals. (23) “Benefit Plan” means (a) all “employee benefit plans” (including, without limitation, as defined in Section 3(3) of ERISA), including all employee benefit plans which are “pension plans” (including, without limitation, as defined in Section 3(2) of ERISA) and any other employee benefit arrangements or payroll practices (including severance pay, vacation pay, company awards, salary continuation for disability, sick leave, death benefit, hospitalization, welfare benefit, group or individual health, dental, medical, life, insurance, fringe benefit, deferred compensation, profit sharing, retirement, retiree medical, supplemental retirement, bonus or other incentive compensation, stock purchase, equity- based, stock option, stock appreciation rights, restricted stock and phantom stock arrangements or policies) and (b) all other employment, termination, bonus, severance, change in control, collective bargaining or other similar plans, programs, policies, contracts, or arrangements (whether written or unwritten), in each case, adopted, sponsored by, entered into, maintained, contributed to, or required to be contributed to by any Seller or any ERISA Affiliate for the benefit of any current or former employee, director, officer or independent contractor of any Seller, under or with respect to which any Seller or ERISA Affiliate has any Liability. (24)...

Assumed Leased Real Property. Leased Real Property subject to an Assumed Contract.

Assumed Leased Real Property means the underlying Leased Real Property to the Assumed Real Property Leases.

Assumed Leased Real Property means those certain leases and/or subleases and other agreements listed on Schedule 2.1(a).