Employee Parking Lot Lease definition

Employee Parking Lot Lease means that certain Lease Agreement, dated as of October , 2002, by and between Valvino, as lessor, and the Borrower, as lessee, with respect to the lease of land on which the parking lot structure for use by the Borrower's employees is to be located.
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Employee Parking Lot Lease means that certain Parking Facility Lease dated as of October 21, 2002 between Valvino Lamore, LLC, a Nevada limited liability company as Landlord, and Trustor, as Tenant.
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Employee Parking Lot Lease shall have the meaning set forth in Section 8.1(xxiv) hereof.
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Examples of Employee Parking Lot Lease in a sentence

  • Notwithstanding any approval standards of Lender set forth in the Employee Parking Lot Lease which conflict with the standards set forth in this Section 5.1.22, the standards set forth in this Section 5.1.22 shall govern any such approval.

  • Notwithstanding any approval standards of Lender set forth in the Employee Parking Lot Lease which conflict with the standards set forth in this Section 5.1.21, the standards set forth in this Section 5.1.21 shall govern any such approval.

  • Notwithstanding the terms of the Employee Parking Lot Lease, Lender hereby agrees that Lender’s consent to the subordination of the Employee Parking Lot Lease shall not be required provided that such subordination is conditioned upon the granting of non disturbance to Borrower and Lender and the form of recognition and non disturbance agreement entered into is in form and substance substantially similar to the form of Recognition and Non Disturbance Agreement attached hereto as Exhibit L.

  • Borrower shall comply with all of the terms and conditions of the Employee Parking Lot Lease, the Miramar Lease, the Regency Lease and the Miami Lease (or the Substitute Miami Lot Lease (defined below), as applicable) and shall perform all of its obligations thereunder in a timely manner.

  • Notwithstanding the terms of the Employee Parking Lot Lease, Lender hereby agrees that Lender’s consent to the subordination of the Employee Parking Lot Lease shall not be required provided that the such subordination is conditioned upon the granting of non-disturbance to Borrower and Lender and the form of recognition and non disturbance agreement entered into is in form and substance substantially similar to the form of Recognition and Non Disturbance Agreement attached hereto as Exhibit L.

  • The parties agree that this Agreement shall be governed by the laws of the State of New York, USA and that the courts of the Southern District of the State of New York shall have exclusive jurisdiction relating to any disputes arising under this Agreement.

  • Notwithstanding the foregoing, in no event shall Borrower grant its approval and/or consent to any matter relating to the Alternate Parking Spaces (as defined in the Employee Parking Lot Lease) to the extent any such consent and/or approval is required pursuant to the Employee Parking Lot Lease without first obtaining Lender’s prior written approval and/or consent which consent and/or approval shall not be unreasonably withheld, conditioned or delayed.

Related to Employee Parking Lot Lease

  • Parking Lot means a building or land used for the parking or storage of ten or more motorcars or bakkies, or two or more buses or trucks, excluding −

  • Company Lease means any lease, sublease, sub-sublease, license and other agreement under which the Company or any of its Subsidiaries leases, subleases, licenses, uses or occupies (in each case whether as landlord, tenant, sublandlord, subtenant or by other occupancy arrangement), or has the right to use or occupy, now or in the future, any real property.

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

  • 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:

  • 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.

  • Urban renewal project means undertakings and activities of a municipality in an urban renewal area for the elimination and for the prevention of the development or spread of slums and blight, and may involve slum clearance and redevelopment in an urban renewal area, or rehabilitation or conservation in an urban renewal area, or any combination or part of them in accordance with an urban renewal plan. These undertakings and activities may include:

  • 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.

  • 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.

  • Utility easement means a right held by a facility operator to install, maintain, and access an underground facility or pipeline.

  • 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.

  • Material Leased Real Property shall have the meaning given in Section 3.7(b).

  • 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).

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

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • 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.

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • Urban renewal plan means a plan, as it exists from time to time, for an urban renewal project, which plan shall be sufficiently complete to indicate such land acquisition, demolition and removal of structures, redevelopment, improvements, and rehabilitation as may be proposed to be carried out in the urban renewal area, zoning and planning changes, if any, land uses, maximum density and building requirements.

  • Material Real Property means any fee owned Real Property located in the United States that is owned by any Loan Party with a fair market value in excess of $10,000,000 (at the Closing Date or, with respect to Real Property acquired after the Closing Date, at the time of acquisition, in each case, as reasonably estimated by the Borrower in good faith).

  • 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.

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.