Gate Leases definition

Gate Leases means all right, title and interest of each Obligor, now existing or hereafter acquired, in and to any airport facility use, operation or occupancy lease, license or other agreement with respect to arrival and departure gates, aircraft parking spaces, passenger lounges, ticket counters, terminal common areas, baggage handling areas, carousels and other facilities, crew briefing areas, club lounges, kiosks, flight simulator buildings and other related properties and rights with respect to airports at which any Obligor lands, takes off or otherwise conducts operations or maintains property (not including Slots).
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Gate Leases shall have the meaning ascribed to such term in Section 6.16(b) of this Agreement.
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Examples of Gate Leases in a sentence

  • After giving effect to the Consummation of the Plan, each Obligor is in compliance in all material respects with all Gate Leases with respect to the airports listed on Schedule 4.20.

  • In the event that the Obligors shall not have pledged to the Collateral Agent the Gate Leases at both LGA and DCA (with the consent of the lessors thereof) by January 1 of any year, the Borrower shall prepay the Loan on such date in the amount of $10,000,000; provided that the Borrower shall not be obligated to so prepay the Loan if and to the extent that US Airways is required to prepay the US Airways Loan on such date pursuant to Section 2.8(g) of the US Airways Loan Agreement.

  • In the event that the Obligors shall not have pledged to the Collateral Agent the Gate Leases at both LGA and DCA (with the consent of the lessors thereof) by January 1 of any year, the Borrower shall prepay the Loan on such date in the amount of $10,000,000.

  • The Company shall and shall cause each Gate Company to send to the Collateral Agent copies of all notices of default received or sent by it in respect of defaults and events of default under the Gate Leases and the Collateral Agent shall have the right to cure any such default or event of default, but shall be under no obligation to do so.

  • All such expenses shall be reimbursed as soon as practicable, but in no event later than the end of the year following the year the Executive Separates from Service.

  • In the event that the Obligors' shall not have pledged to the Collateral Agent the Gate Leases at both LGA and DCA (with the consent of the lessors thereof) by January 1 of any year, the Borrower shall prepay the Loan on such date in the amount of $10,000,000.

  • Except as disclosed on Schedule 4.21, after giving effect to the Consummation of the Plan, each Obligor is in compliance with all Gate Leases necessary in connection with such Person’s use, operation or occupancy of gates at airport terminals.

  • The Company shall cause each Gate Company to, and each Gate Company shall, maintain and retain sufficient funds to satisfy any ordinary course obligations which are not payable by the Company under the Gate Subleases, or by other subleases and sufficient proceeds of insurance awards and condemnation awards to repair, rebuild or restore the Property subject to the Gate Leases to its condition prior to any casualty or condemnation as required thereunder to prevent any termination thereof.

  • Compliance with certain Gate Leases.....................................................

  • Compliance with certain Gate Leases..............................

Related to Gate Leases

  • Real Estate Leases is defined in Section 4.7.

  • Facility Leases means agreements for the lease by the Company or any of its Subsidiaries or Joint Ventures of real estate utilized as a vehicle parking facility and/or for ancillary parking and transportation services.

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • Ground Leases shall have the meaning set forth in Section 4.15.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

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

  • Assumed Leases means the Leases identified on Schedule 3.7(a) to be assumed or subleased by Buyer or a Buyer Designee pursuant to a Lease Assignment or Sublease as designated on Schedule 3.7(a).

  • New Leases means, collectively, any lease for space at the Property entered into between the Commencement Date and the Closing Date.

  • Equipment Leases has the meaning set forth in Section 2.1.9.

  • Other Leases means, collectively, the Lease Agreements between Landlord, or an Affiliate of Landlord, and Tenant with respect to the properties described on Exhibit B, but excluding any Lease Agreements terminated pursuant to their terms or by mutual agreement of the parties.

  • 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).

  • Site Lease or “Lease” means the Site Lease of even date herewith, by and between the District and the Lessor together with any duly authorized and executed amendment thereto under which the District leases the Site to the Lessor.

  • 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:

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • FF&E Leases means all leases of any FF&E and other contracts permitting the use of any FF&E at the Improvements that are assumed by Buyer.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Facility Lease means a lease or master lease with respect to any Real Property Asset owned or ground leased by any of the Consolidated Parties as lessor, to a third party Tenant, which, in the reasonable judgment of the Administrative Agent, is a triple net lease such that such Tenant is required to pay all taxes, utilities, insurance, maintenance, casualty insurance payments and other expenses with respect to the subject Real Property Asset (whether in the form of reimbursements or additional rent) in addition to the base rental payments required thereunder such that net operating income to the applicable Consolidated Party for such Real Property Asset (before non-cash items) equals the base rent paid thereunder; provided, that each such lease or master lease shall be in form and substance reasonably satisfactory to the Administrative Agent.

  • Assigned Leases has the meaning specified in Section 2.01(b).

  • Real Property Leases means all leases, sub-leases, licenses or other agreements, in each case, pursuant to which any Group Company leases or sub-leases any real property.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

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

  • 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.

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • Personal Property Leases has the meaning set forth in Section 2.1(e).