Financed FF&E definition

Financed FF&E means any FF&E subject to an Equipment Lien in favor of a lessor or lender that: (a) is not an Affiliate of Tenant, and (b) actually provides bona fide financing or a bona fide equipment lease after the Commencement Date for Tenant’s acquisition or use of such FF&E.

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Financed FF&E means any Operator FF&E subject to an Equipment Lien in favor of a lessor or lender that: (a) is not an Affiliate of the Operator, and (b) actually provides bona fide financing or a bona fide equipment agreement after the Commencement Date for the Operator’s acquisition or use of such Operator FF&E.

Financed FF&E means furniture, fixtures, equipment and movable property as set forth on Exhibit N attached hereto, the costs of which will (i) be included in Project Costs, but only to the extent of the Financed FF&E Allowance set forth in the approved Project Budget, and (ii) be financed through the Bonds. Any cost of furniture, fixtures, equipment and movable property that is in excess of the Financed FF&E Allowance set forth in the approved Project Budget shall not be part of the Fixed Price. The Financed FF&E will be designed, provided and installed as set forth on Exhibit N.

Examples of Financed FF&E in a sentence

• If this lease shall terminate prior to the expiration of the initial five-year term, Tenant may remove the Financed FFE only after paying to Landlord the unamortized and unreimbursed cost of the Financed FFE, which shall be determined by multiplying the original cost thereof by a fraction, the numerator of which is the number of months remaining in the initial five-year term at the time of such termination and the denominator of which is 60.

• To the extent that any such furniture, fixtures and equipment are paid for with the Tenant Improvement Allowance ("Financed FFE"), such Financed FFE shall be the property of Landlord for the duration of the initial five-year term of this Lease.

• Provided there are funds available under the Tenant Improvement Allowance for any Financed FFE (based on the construction budget), then until the Tenant Improvement Allowance is reached, Landlord shall pay funds available from the Tenant Improvement Allowance for the Financed FFE to Tenant within ten (10) days following Tenant's written request, which request shall include invoices and other reasonable substantiating documentation.

• Notwithstanding any provision of this Lease to the contrary, Tenant shall have the right to remove (i) any Financed FFE to the extent permitted and subject to the terms of Section 2.1.5, (ii) Tenant's trade fixtures and personal property, and (iii) any cubicles or fabricated office partitions other than Financed FFE.

• Any such security agreement shall expressly provide that the secured party will, in the event Tenant shall default hereunder, give Landlord not less than ten (10) days’ notice of such default before exercising its rights to remove any such Financed FF&E and all such equipment must be removed prior to the expiration or within twenty (20) days after the expiration or earlier termination of this Lease or the same shall be deemed abandoned.

More Definitions of Financed FF&E

Financed FF&E means furniture, fixtures, equipment and movable property as set forth on Exhibit N attached hereto, the costs of which will (i) be included in Project Costs, but only to the extent of the Financed FF&E Allowance set forth in the approved Project Budget, and (ii) be financed through the Bonds. Any cost of furniture, fixtures, equipment and movable property that is in excess of the Financed FF&E Allowance set forth in the approved Project Budget shall not be part of the Fixed Price. The Financed FF&E will be designed, provided and installed as set forth on Exhibit N.