Examples of Borrower Lease in a sentence
Literature on urban planning in India (Batra, 2009; Ahluwalia & Kanburand, 2014; Bholey, 2016) suggests that the goals for urbanization are focused towards aspects of housing density, commercial activity and industrial zoning.
The first deemed contribution results from the City’s purchase of the Stadium Site, the City’s lease of the Stadium Site to the Issuer for a nominal amount pursuant to the Issuer Lease, and the Issuer’s lease of the Stadium Site to the Borrower pursuant to the Borrower Lease, also for a nominal amount.
The Issuer Lease and the Borrower Lease provide that the Stadium Site will be developed and maintained as a baseball park for use by a Triple-A baseball team.
The Borrower Lease was valued, and an amount equal to a portion of the difference between the fair market value of the Borrower Lease and the actual payments thereunder was deemed paid by the Borrower, using Bond proceeds, to the City as a payment to compensate the City for leasing the Stadium Site for a nominal amount; the City was deemed to have contributed that same amount back to the Borrower (the “Lease Payment-Contribution”).
Administrative Agent, such Lender or such designee shall hold such new Borrower Lease free and clear of any right or claim of Borrower.