Designated Leased Property definition

Designated Leased Property means leasehold estates of the Borrower which the Agent has designated to be mortgaged to the Agent for the benefit of the Secured Parties based on the value of the leasehold estate, either in and of itself or because of its importance to the operations of the Borrower and the Subsidiaries);
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Designated Leased Property means a property designated by Tenant pursuant to Section 22.15 on which there exists a Comparable Facility which Tenant proposes to substitute for a Leased Property.
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Designated Leased Property has the meaning specified in subsection 9.10(d)(iii).
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Examples of Designated Leased Property in a sentence

  • Landlord and Tenant hereby covenant that once the Notice of intent to substitute a Substitute Leased Property for the Designated Leased Property described therein has been delivered and Landlord accepts the Substitute Leased Property identified therein, each party will promptly perform all acts and deliver all documents required on its part to be delivered or to satisfy the conditions of closing set forth herein.

  • The Landlord shall have thirty (30) days following receipt of such Notice within which to accept or reject such offer; provided, however, that Landlord shall have at least ten (10) days following receipt of any appraisal of the Substitute Leased Property or the Designated Leased Property (or both) requested by Landlord within which to accept or reject such offer.

  • Tenant covenants that, following the closing of the exchange of the Substitute Leased Property, neither it nor any of its Affiliated Persons will use the Designated Leased Property as a facility having as its primary use the Primary Intended Use for at least one year after the Substitution Date.

  • In the event that the Substitute Leased Property has not been exchanged for the Designated Leased Property within thirty (30) days after the Substitution Date specified in Tenant's Notice of its intention to substitute by reason of the acts or omissions of one party, then the other party shall have the right to elect not to proceed with the substitution.

  • Tenant shall convey the Substitute Leased Property to Landlord in exchange for the Designated Leased Property, Landlord shall simultaneously exchange the Designated Leased Property, for the Substitute Leased Property, and the parties shall simultaneously execute and deliver an amendment to this Lease.

  • Any Title Objections shall be deemed waived if Parent or the Sellers are not notified of such Title Objections within twenty (20) calendar days after Purchaser receives the last of the Title Documents and New Survey for the applicable parcel of Owned Real Property or Designated Leased Property or within ten (10) calendar days after Seller receives any subsequent amendment or endorsement to the Title Documents or New Survey for the applicable parcel of Owned Real Property or Designated Leased Property.

  • Provided no Default or Event of Default has occurred and is continuing at the time of exercise of the right provided for in this Section 22.15, Tenant shall have the right, from time to time, to substitute for a Designated Leased Property another parcel of improved real property meeting criteria hereinafter set forth and otherwise acceptable to Landlord (the "Substitute Leased Property").

  • Provided no Default or Event of Default has occurred and is continuing at the time of exercise of the right provided for in this Section 22.15, Tenant shall have the right, from time to time, to substitute for a Designated Leased Property another parcel of improved real property meeting criteria hereinafter set forth and otherwise acceptable to Landlord (the "SUBSTITUTE LEASED PROPERTY").

  • The Administrative Agent shall have received an Acceptable Landlord Waiver with respect to each Designated Leased Property set forth on Schedule 3.01(a)(v) subject to a lease containing terms that expressly prevent or hinder the removal of any Collateral by any Loan Party or the Administrative Agent.


More Definitions of Designated Leased Property

Designated Leased Property means any real property leased or subleased by any Loan Party.
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Designated Leased Property means any real property leased or subleased by any Borrower or Guarantor, other than any such leased or subleased real property where the value of the Collateral located on such property does not exceed $1,000,000 so long as the aggregate value of all Collateral located on all such leased or subleased real properties that are not subject to Acceptable Landlord Waivers does not exceed $3,000,000.
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Designated Leased Property means any real property leased or subleased by any Loan Party. “Diesel Frac Fleet” means a Frac Fleet whose primary drive train is powered by diesel generators. “Discharge of ABL Obligations” has the meaning specified in the Intercreditor Agreement.
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Designated Leased Property means any real property leased or subleased by any Loan Party. “Diesel Frac Fleet” means a Frac Fleet whose primary drive train is powered by diesel generators.
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Related to Designated Leased Property

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Recorded Leasehold Interest means a Leasehold Property with respect to which a Record Document has been recorded in all places necessary or desirable, in Collateral Agent’s reasonable judgment, to give constructive notice of such Leasehold Property to third-party purchasers and encumbrancers of the affected real property.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II hereof.

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • 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.

  • Company Leased Real Property has the meaning set forth in Section 3.14(b).

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

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

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • Leased Land means land which is the subject of a lease granted under section 60 or 93G; S. 3 def. of "lessee" amended by No. 39/1997 s. 4(2)(b).

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit S, with such amendments, modifications or supplements as may be approved by Collateral Agent.

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Adjacent Property means all land adjoining and surrounding the Stadium Site on which will be located any public streets, sidewalks, plazas, or bridges and any public or private parking facilities or other accoutrements to be developed by Authority or other parties in connection with the Project.

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

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

  • Leasehold Interests means all of each Loan Party’s right, title and interest in and to, and as lessee of, the premises identified as leased Real Property on Schedule 4.4 hereto.