Deferred Lease definition

Deferred Lease means any Lease Contract under which the Lessee is -------------- not required to make any Scheduled Payment (or the Scheduled Payments are each zero) for at least four months (but not more than six months) immediately following the commencement date of such Lease Contract.
View Source

Examples of Deferred Lease in a sentence

  • Amend, modify or change any term or condition of any Lease Agreement in any manner that would adversely affect the rights of IDB under this Agreement, including without limitation, in a manner that permits payments of Deferred Lease Payments prior to the date when all principal (whether or not then due and payable), interest and other amounts payable to IDB under this Agreement have been paid in full.

  • Any Deferred Lease Payment is paid by either Borrower prior to the date when all principal (whether or not then due and payable), interest and other amounts payable to IDB under this Agreement have been paid in full.

  • When the requisite Consents with respect to any Deferred Lease have been obtained, the Deferred Stores Schedule shall be amended to remove therefrom the Store leased under such particular Deferred Lease and such Store shall be added to the Approved Deferred Stores Schedule.

  • Ensure that all Deferred Lease Payments are subject to a subordination agreement between IDB, the relevant Borrower and the relevant counterparty reflecting the terms set forth in Schedule 11.

  • Provided the Tenant has been in good standing with the County, the County may offer a Reversionary Deferred Lease Agreement (“RD Lease Agreement”) to the Tenant in accordance with the adopted County Airport Leasing Policy.

  • Any Deferred Lease Payment that is subordinated to any amount payable to IDB is paid by either Borrower prior to the date when all principal (whether or not then due and payable), interest and other amounts payable to IDB under this Agreement have been paid in full.

  • Prior to the Effective Date, Seller has taken whatever actions are necessary to write off the Deferred Lease Expense (as such term is used in that certain Friendship Haven Health Rehabilitation Balance Sheet For the Nine Months Ending Saturday, September 30, 2017).

Related to Deferred Lease

  • 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.

  • Approved Lease has the meaning set forth in Section 6.11(a).

  • Permitted Lease means a lease permitted under Section 4.02(b) of the Trust Indenture.

  • special lease means a special lease or license to be granted in terms of this Agreement under the Ratifying Act the Land Act or the ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ and includes any renewal thereof; “this Agreement” “hereof” and “hereunder” include this Agreement as from time to time added to varied or amended;

  • Eligible Ground Lease means a ground lease that (a) has a minimum remaining term of twenty-five (25) years, including tenant controlled options, as of any date of determination, (b) has customary notice rights, default cure rights, bankruptcy new lease rights and other customary provisions for the benefit of a leasehold mortgagee or has equivalent protection for a leasehold permanent mortgagee by a subordination to such leasehold permanent mortgagee of the landlord’s fee interest, and (c) is otherwise acceptable for non-recourse leasehold mortgage financing under customary prudent lending requirements. The Eligible Ground Leases as of the date of this Credit Agreement are listed on Schedule EG.