Ground Lease Term definition

Ground Lease Term shall have the meaning specified in Section 2.2 of the Ground Lease.
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Ground Lease Term means the duration of the leasehold estate created in the Property as provided in ARTICLE IV of this Ground Lease.
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Ground Lease Term means the duration of the leasehold estate created in the Series 2024 Property as provided in Article IV of this Ground Lease.
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Examples of Ground Lease Term in a sentence

  • The Corporation or its assignee shall at all times during the Ground Lease Term have a leasehold estate in the Premises with full right to vest the use, enjoyment and possession of such leasehold estate therein in a Permitted Transferee.

  • It is very difficult for a person to enter a motivational environment when that person's basic management needs have not been fulfilled.

  • January 1, 2040, and each 10 years thereafter during the Ground Lease Term.

  • The point estimate is somewhat larger than those in the main specifications, but given the wide confidence intervals in column (3) the difference in point estimates may not be very meaningful.19The identifying assumption for this robustness check is that conditional on the eventual degree of pre-control rent appreciation, the precise timing of the appreciation was not correlated with unobserved factors that themselves led to greater increases in home ownership between 1940 and the mid-1940’s.

  • As used herein, the expression "term hereof," "Ground Lease Term" or any similar expression refers collectively to the Initial Ground Lease Term and to any renewals of the Initial Ground Lease Term exercised by the Corporation or its assignee as provided in Section 22 hereof.

  • The Authority shall pay Rental Payments to the Board in the sum of Forty Dollars ($40.00) (being one dollar ($1) per year for a maximum of 40 years), which amount represents the total Rental Payments due hereunder during the Ground Lease Term (including all renewal option periods).

  • Notwithstanding the remedies provided above, the Ground Lease Term of this Ground Lease may not be terminated prior to the end of the Term described in Article IV hereof by reason of an Event of Default hereunder.

  • Neither Lessor nor any third party lawfully claiming any right or interest in the GL Property shall during the Ground Lease Term disturb BNPLC's peaceable and quiet enjoyment of the GL Property; however, such enjoyment shall be subject to the terms, provisions, covenants, agreements and conditions of this Ground Lease and the Permitted Encumbrances, to which this Ground Lease is subject and subordinate as herein above set forth.

  • All conditions and contingencies to the effectiveness of the Ground Lease and the commencement of the regular term thereof (the "Ground Lease Term") have been satisfied.

  • Tenant hereby agrees to pay to Landlord as monthly rental 1/12th of the amount which is 125% of the highest amount of total Annual Rent paid by Tenant to Landlord during the Ground Lease Term.


More Definitions of Ground Lease Term

Ground Lease Term means the Basic Ground Lease Term and any Renewal Ground Lease Term or Terms elected by the Ground Lessee pursuant to Section 2.3 of the Ground Lease.
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Ground Lease Term shall have the meaning set forth in Section 4.1. -----------------
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Ground Lease Term has the meaning assigned to it in Paragraph 2 below.
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Ground Lease Term means a term commencing as of the Commencement Date and ending on December 31, 2063 (or such earlier date as the principal of, redemption premium, if any, and interest on all outstanding Bonds is paid in full in accordance with the terms of the Indenture), unless otherwise terminated as set forth herein.
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Ground Lease Term. Approximately 61 additional years, commencing on the Commencement Date and (if not earlier expired or terminated) ending December 31, 2080. The “Expiration Date” is the date the Ground Lease Term expires. (Ground Lease)
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Ground Lease Term means any amendment or modification to a Ground Lease that (i) after giving effect to the terms of such amendment or modification, would result in a material reduction of the DSCR (when compared against the DSCR as of the most recent Closing Date) or (ii) would reduce the term (including any extension options) of such Ground Lease.
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Related to Ground Lease Term

  • 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.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.