Excluded Lease definition

Excluded Lease means a Lease listed on Exhibit B.

Excluded Lease means (a) any leases for solar panels or solar facilities, storage, rooftop equipment or parking and (b) ordinary course (i) space license agreements for telecommunications equipment and antennas, (ii) agreements for catering, business or similar special events or functions at any of the Properties, (iii) de minimis billboard leases, and (iv) leases for management offices.

Excluded Lease means any lease or hire purchase contract which would, in accordance with GAAP in force prior to 1 January 2019, have been treated as an operating lease.

Examples of Excluded Lease in a sentence

• Except as otherwise disclosed on Schedule 4.1.26(f) hereto, no Tenant has a right or option or right of first refusal pursuant to its Lease, Excluded Lease or otherwise to purchase all or any part of the Individual Property to which such Lease or Excluded Lease relates.

• Lessee may rely on the foregoing for a total of three (3) Excluded Lease Years and, thereafter, the Overall Shortfall Cure Percentage shall increase to one hundred percent (100%).

• In determining whether Lease Years are consecutive for such purpose, Excluded Lease Years will be ignored.

• In addition, MPAN, MHG and Sellers agree not to file a motion to reject any Excluded Lease prior to the Closing Date (unless MPAN, MHG or Sellers believe in their sole and absolute discretion, that Sellers or any of them, is required to assume or reject any such Excluded Lease pursuant to an order of a Mariner Bankruptcy Court) or otherwise under the Bankruptcy Code.

• The Purchaser and the Seller acknowledge and agree that the effectiveness of the Sublease Agreements is expressly conditioned upon receiving the prior written consent thereto of the applicable landlord as and to the extent required under the applicable Excluded Lease and that the Seller shall use reasonable best efforts to obtain such prior written consent.

More Definitions of Excluded Lease

Excluded Lease means a Lease (a) that has expired by its terms or that is scheduled to expire by its terms during the applicable Debt Service Coverage Period unless the tenant under such Lease has timely and properly notified Property Owner that it will renew or extend the term of such Lease, (b) that has a tenant or Lease guarantor that has filed a voluntary proceeding under the Bankruptcy Code, has consented to an involuntary proceeding under the Bankruptcy Code, is a debtor in an involuntary proceeding under the Bankruptcy Code that has not been dismissed within one hundred twenty (120) days of the filing of such involuntary proceeding, has made an assignment for the benefit of creditors or is the subject of a reorganization, receivership, composition or analogous proceeding that has not been dismissed within one hundred twenty (120) days after the initiation thereof (unless, in any such instance, in the case of a proceeding where the tenant is the debtor, the tenant has assumed the Lease and such assumption has been approved by order of the court in the proceeding that has become final by appeal or lapse of time for appeal and, if such tenant’s obligations under such Lease have been guaranteed, such guarantor has ratified and confirmed its guaranty), (c) that has a tenant that has vacated the applicable premises and such tenant does not maintain a credit rating for its long-term unsecured debt as established by Standard & Poors, a division of The MxXxxx-Xxxx Companies, Inc. of BBB- or better or (d) that has a tenant that is in monetary default or material non-monetary default beyond the expiration of any applicable curative period.

Excluded Lease means any Lease in respect of any item of Excluded Leased Real Property.

Excluded Lease has the meaning set forth in Section 9.1.

Excluded Lease means any Lease that is not an Assumed Lease.

Excluded Lease means a Lease listed by Purchaser as such on Schedule 2.5(a), as such schedule may be amended or modified from time to time in accordance with the terms hereof.

Excluded Lease means any Lease that is not an Assigned Lease. “Excluded Liabilities” has the meaning set forth in Section 2.4.

Excluded Lease means (i) any Interconnection Lease, (ii) that certain -------------- lease with respect to the real property located at 0000 Xxxxxxx Xxxxx, Xxxxxxxxx, XX, (iii) that certain lease with respect to the real property located at 00 Xxxxx Xxxxxx, Xxxxxxxxx, XX and (iv) any additional lease of real property by a Borrower designated in writing by the Company and the Required Lenders.