Examples of Credit Lease in a sentence

The lease payments due under the related Credit Lease, together with any escrow payments held by the Seller or its designee, are equal to or greater than the payments due with respect to the related Mortgage Loan.
However, they must be tax credit-qualified and sign the Commission’s Tax Credit Lease Rider.
The Owner/Property Manager provided a copy of the most current Tax Credit Lease Rider to each Resident prior to the execution of each lease.Yes No NOTE: If you answered “No” to any of the above State requirements, you must attach an explanation and supporting documentation.
Other acceptable rental security may be cash or cash equivalent such as Letter of Credit, Lease Bond, or other prior approved rental security instruments in a form approved by Alliance General Counsel.
SPECIFIC SECURITY The following security, evidenced by documents in form satisfactory to the Bank and registered or recorded as required by the Bank, is to be provided prior to any advances or availment being made under the Credit: Lease Agreement(s)/Conditional Sale Contract(s) covering equipment leased/financed, together with applicable supporting documentation.

More Definitions of Credit Lease

Credit Lease. A lease securing a Credit Lease Loan.

Credit Lease means a Triple Net Lease, a Double Net Lease or a bond-type lease to a tenant acceptable to the Agent that occupies and/or is master lessor to subtenants that occupy the related Property.

Credit Lease. A lease of real property on a long-term net-lease basis to a Tenant whose long-term unsecured debt rating (or the long-term unsecured debt rating of the guarantor of its obligations under the related lease) is the basis on which the related Mortgage Loan Seller underwrote the related Mortgage Loan.

Credit Lease. With respect to each Mortgage Loan and the related Mortgaged Property, the lease between the Mortgagor and the lessee thereunder with respect to such Mortgaged Property.

Credit Lease means a Qualified Lease with a tenant reasonably determined by Purchaser to be a "credit" tenant at the time Xxxxxx xxxxxxxx Xxxxxxxxx'x xxxxxxxx xf the applicable lease. All of the calculations in the definition of "Actual Base Net Rental" shall be made on a per square foot basis.

Credit Lease means a lease related to and securing a commercial mortgage loan that is dependent principally on the payment by the related tenant or guarantor, if any, of lease or rental payments and other payments due under the terms of such lease and therefore the performance of the related tenant.

Credit Lease a Major Lease with an investment grade rated tenant, on Borrower's standard form without material changes, at a market rental and for a term of at least five (5) years.