Casino Ground Lease definition

Casino Ground Lease means that certain Lease Agreement by and between Landlord, as lessor, and Celebration Park Casino, Inc. (n/k/a Grand Palais Casino, Inc.), as lessee, dated as of April 27, 1993, recorded on April 27, 1993 in the conveyance records of the Parish of Orleans at Notarial Archives No. 93-018036 as Conveyance Office Instrument No. 68200, as assigned to HJC by Assignment and Assumption of Sublease, dated as of March 15, 1994, filed March 16, 1994 under Notarial Archives No. 94-13862, as Conveyance Instrument No. 83931, and as amended by Amended Lease Agreement, dated as of March 15, 1994, recorded on March 16, 1994 in the conveyance records of the Parish of Orleans at Notarial Archives No. 94-13887 as Conveyance Office Instrument No. 83942, as amended by Amendment to Lease Agreement, dated as of October 5, 1994, recorded on October 6, 1994 in the conveyance records of the Parish of Orleans at Notarial Archives No. 94-46778 as Conveyance Office Instrument No. 94519, and as amended and restated in that certain Amended and Restated Lease Agreement among Landlord, Mortgagor and the City of New Orleans, as intervenor, dated as of October 29, 1998 and recorded in the conveyance records of the Parish of Orleans at Notarial Archives No. _______ as Conveyance Office Instrument No. ______, as the same may be assigned, amended, modified, restated or supplemented from time to time, constituting a sublease of the Casino Premises in connection with a ground lease created by the City Lease.
Sample 1
Casino Ground Lease means that certain Ground Lease dated as of May 19, 1999 by and between the City of Shreveport, as landlord, and Mortgagor (formerly known as QNOV), as tenant, recorded on July 13, 1999, under Registry No. 1663803 of the records of Caddo Parish, Louisiana, and under Registry No. 683243 of the records of Bossier Parish, Louisiana.
Sample 1Sample 2Sample 3

Examples of Casino Ground Lease in a sentence

  • Nothing in this Mortgage shall limit or waive any rights granted to Mortgagee as a "Leasehold Mortgagee" or the "First Leasehold Mortgagee," as the case may be, under and as defined in the Casino Ground Lease.

  • Trustor shall promptly pay, when due and payable, the rent and other charges payable pursuant to the MGM National Harbor Hotel and Casino Ground Lease, and will timely perform and observe all of the other terms, covenants and conditions required to be performed and observed by Trustor as lessee under the MGM National Harbor Hotel and Casino Ground Lease.

  • To take possession of the Land under the Casino Ground Lease and the Shreveport Resort, remove all employees, contractors and agents of Mortgagor therefrom, complete or attempt to complete the work of construction of the Shreveport Resort, and market, sell or sublease the Land and the Shreveport Resort.

  • Trustor shall, promptly following the receipt thereof, deliver a copy of any notice of default given to Trustor by the Lessor pursuant to the MGM National Harbor Hotel and Casino Ground Lease and promptly notify Beneficiary in writing of any material default by the Lessor in the performance or observance of any of the terms, covenants or conditions on the part of the Lessor to be performed or observed thereunder.

  • Mortgagee hereby acknowledges that Mortgagor has assigned Landlord certain rights in the Capital Replacement Fund (as defined in the Casino Ground Lease) under Sections 5.3(e), 7.1(c) and 19.8(d) of the Casino Ground Lease, subject to the terms of the Casino Ground Lease, and that Landlord has certain rights in and to a portion of the rent due under the Second Floor Sublease pursuant to Section 3.1 thereof, subject to the terms of the Second Floor Sublease.

  • Trustor shall notify Beneficiary in writing of any material default by Trustor in the performance or observance of any terms, covenants or conditions on the part of Trustor to be performed or observed under the MGM National Harbor Hotel and Casino Ground Lease within ten (10) days after Trustor knows of such default.

  • Upon receipt of written request of Mortgagee, Mortgagor will use commercially reasonable efforts to obtain and deliver to Mortgagee as promptly as possible, a written acknowledgment from the City of Shreveport pursuant to the provisions of the Casino Ground Lease confirming that Mortgagee has all of the rights of a “Leasehold Mortgagee” under (and as defined in) Exhibit G to the Casino Ground Lease.

  • Except as provided in the immediately preceding sentence, Mortgagee shall not be obligated to perform or discharge, nor does it hereby undertake to perform or discharge, any obligation, duty or liability under the Casino Ground Lease, the Railroad Lease, the Second Floor Sublease or any Assigned Lease.

  • Mortgagee shall -------------------------------------------------- not be obligated to perform or discharge, nor does it hereby undertake to perform or discharge, any obligation, duty or liability under the Casino Ground Lease or any Space Lease.

  • Mortgagee shall not be obligated to perform or discharge, nor does it hereby undertake to perform or discharge, any obligation, duty or liability under the Casino Ground Lease or any Space Lease.

Related to Casino Ground Lease

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • 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.

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • 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.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • Financeable Ground Lease means, a ground lease reasonably satisfactory to the Administrative Agent on behalf of the Lenders, which must provide customary protections for a potential leasehold mortgagee (“Mortgagee”) such as (i) a remaining term, including any optional extension terms exercisable unilaterally by the tenant, of no less than 25 years, (ii) a provision that the ground lease will not be terminated until the Mortgagee has received notice of a default, has had a reasonable opportunity to cure and has failed to do so, (iii) provision for a new lease to the Mortgagee as tenant on the same terms if the ground lease is terminated for any reason, (iv) transferability of the tenant’s interest under the ground lease by the Mortgagee without any requirement for consent of the ground lessor unless based on delivery of customary assignment and assumption agreements from the transferor and transferee, (v) the ability of the tenant to mortgage tenant’s interest under the ground lease without any requirement for consent of the ground lessor and (vi) provisions that the tenant under the ground lease (or the leasehold mortgagee) has customary protections with respect to the application of insurance proceeds or condemnation awards attributable to the tenant’s interest under the ground lease and related improvements.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Qualified Ground Lease means each of the ground leases or ground subleases set forth on Schedule 1.01(d) hereto and for a Future Property means any ground lease (a) which is a direct ground lease or ground sublease granted by the fee owner of real property or a master ground lessee from such fee owner, (b) which may be transferred and/or assigned without the consent of the lessor (or as to which the lease expressly provides that (i) such lease may be transferred and/or assigned with the consent of the lessor and (ii) such consent shall not be unreasonably withheld or delayed) or subject to certain reasonable pre‑defined requirements, (c) which has a remaining term (including any renewal terms exercisable at the sole option of the lessee) of at least twenty (20) years, (d) under which no material default has occurred and is continuing, (e) with respect to which a Lien may be granted without the consent of the lessor (but subject to customary requirements regarding the nature of the holder of such Lien and prior notice to the lessor), (f) which contains customary and reasonable lender protection provisions, including, without limitation, provisions to the effect that (i) the lessor shall notify any holder of a Lien in such lease of the occurrence of any default by the lessee under such lease and shall afford such holder the option to cure such default, and (ii) in the event that such lease is terminated, such holder shall have the option to enter into a new lease having terms substantially identical to those contained in the terminated lease and (g) which otherwise contains no non-customary terms that are material and adverse to the lessee.

  • Site Lease or “Lease” means the Site Lease of even date herewith, by and between the District and the Lessor together with any duly authorized and executed amendment thereto under which the District leases the Site to the Lessor.

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Space Leases means any and all leases, subleases, lettings, licenses, concessions, operating agreements, management agreements, and all other agreements affecting the Trust Estate that Trustor has entered into, taken by assignment, taken subject to, or assumed, or has otherwise become bound by, now or in the future, that give any person the right to conduct its business on, or otherwise use, operate or occupy, all or any portion of the Site or Improvements and any leases, agreements or arrangements permitting anyone to enter upon or use any of the Trust Estate to extract or remove natural resources of any kind, together with all amendments, extensions, and renewals of the foregoing entered into in compliance with this Deed of Trust, together with all rental, occupancy, service, maintenance or any other similar agreements pertaining to use or occupation of, or the rendering of services at the Site, the Improvements or any part thereof.

  • Hotel means any establishment used for the purpose of temporary, overnight lodging for which a fee is paid and reservations are required.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

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

  • Master Lease This Schedule is issued pursuant to the Lease identified on page 1 of this Schedule. All of the terms and conditions of the Lease are incorporated in and made a part of this Schedule as if they were expressly set forth in this Schedule. The parties hereby reaffirm all of the terms and conditions of the Lease (including, without limitation, the representations and warranties set forth in Section 8) except as modified herein by this Schedule. This Schedule may not be amended or rescinded except by a writing signed by both parties. CHEMDEX CORPORATION COMDISCO, INC. AS LESSEE AS LESSOR By: /s/ Xxxxx X. Xxxxx By: /s/ Xxxx X. Xxxxxx ------------------- --------------------- Title: CEO Title: SR VP ----------------- ------------------- Date: Date: ----------------- ------------------- EXHIBIT 1 SUMMARY EQUIPMENT SCHEDULE -------------------------- This Summary Equipment Schedule dated XXXX is executed pursuant to Equipment Schedule No. X to the Master Lease Agreement dated XXXX between Comdisco, Inc. ("Lessor") and XXXX ("Lessee"). All of the terms, conditions, representations and warranties of the Master Lease Agreement and Equipment Schedule No. X are incorporated herein and made a part hereof, and this Summary Equipment Schedule constitutes a Schedule for the Equipment on the attached invoices.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

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

  • Easement Area means the area of the servient lot marked on the survey-strata plan as being subject to the relevant easement; and

  • Franchise Agreement or “Agreement” shall mean this Agreement and any amendments or modifications hereto.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.