Ground Leasehold Estate definition

Ground Leasehold Estate means, with respect to a parcel of land, the ground leasehold estate in such land, including, without limitation, all of the land in respect of such Property and any interest of the Applicable Party in any adjoining parcel or parcels that may be needed for such parcel to be in compliance with applicable Law or applicable Leases.
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Ground Leasehold Estate shall have the meaning assigned to such term in Section 2.1[(b)] hereof.
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Ground Leasehold Estate means the leasehold estate created by the Ground Lease in the applicable Property.
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Examples of Ground Leasehold Estate in a sentence

  • Seller shall cooperate fully with Buyer as necessary to enable Buyer, at Buyer's cost, unless otherwise specified herein, to procure and to maintain all licenses, permits, or authorizations (including, without limitation, any liquor licenses which are required to be held in the name of the fee owner or ground lessee of the Real Property) necessary for the ownership of the Ground Leasehold Estate and/or other interests in the Real Property or the Improvements contemplated to be conveyed to Buyer hereunder.

  • A commitment for the Title Policy covering the Land and Improvements issued by the Title Company in favor of Buyer, or its nominee, in the full amount of the Acquisition Price, showing Ground Lessor as fee simple title holder of the Land and showing Seller as the holder of the Ground Leasehold Estate.

  • Seller holds the entire Ground Leasehold Estate, free and clear of any claims, liens, encumbrances and restrictions of any kind, other than the Permitted Title Exceptions.

  • On the Closing Date, Seller shall cause the Title Company to issue the Title Policy (or a "marked-up" title commitment unconditionally committing the Title Company to issue such Title Policy) to Buyer, pursuant to and in accordance with the Title Commitment, insuring the Ground Leasehold Estate in Buyer as of the Closing Date, subject only to the Permitted Title Exceptions and such other exceptions as Buyer may approve pursuant to clause (ii) above.

  • All loan agreements, notes, mortgages, deeds of trust, assignments, guarantees, indemnitees and other instruments evidencing, securing, guarantying or otherwise relating to any mortgage or secured financing encumbering the Ground Leasehold Estate and/or Seller's right, title and interest in and to the Real Property.

  • Collectively, the Ground Leasehold Estate, the Personal Property, the Licenses and Permits, the Trade Names and Trademarks, the Warranties and Seller's interest in and to the balance of the Real Property and all tangible and intangible assets arising out of or relating to the foregoing (excluding, however, the Lessee Property described herein).

  • The provisions of the immediately preceding sentence of this paragraph shall not apply in the event the Lender acquires the fee of the Ground Leasehold Estate except if the Lender shall so elect.

  • This Mortgage upon its due execution and proper recordation is and will remain a valid and enforceable (and, with respect to all personalty (as to which security interests are governed by the UCC), upon proper recordation and the filing of a financing statement) perfected first Lien on and security interest on the Land, Improvements, the Ground Leasehold Estate and such personalty subject to the Permitted Encumbrances.

  • Grantor owns good, indefeasible and) insurable fee simple title to the Land and the Improvements and good, indefeasible and insurable leasehold title to the Ground Leasehold Estate, subject only to the Permitted Encumbrances.

  • Beneficiary shall be liable for the obligations of the tenant arising under either Ground Lease for only that period of time during which Beneficiary is in possession of the Ground Leasehold Estate under such Ground Lease or has acquired, by foreclosure or otherwise, and is holding, all of the right, title and interest of Mortgagor therein.


More Definitions of Ground Leasehold Estate

Ground Leasehold Estate means, with respect to a parcel of land, the ground leasehold estate in such land, including, without limitation, all of the land that constitutes a part of those Properties and any interest of the Applicable Party in any adjoining parcel or parcels that may be needed for such parcel to be in compliance with applicable Law or applicable Leases.
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Ground Leasehold Estate means all of Tenant's rights and interests under this Ground Lease. "Registry of Deeds" shall mean the land records office or offices in which the deed of the Premises is recorded, as identified on Exhibit A. Landlord represents and warrants that Landlord has good and clear record and marketable title to the Premises, subject only to encumbrances identified on Exhibit A. Landlord covenants and agrees not to grant or permit or suffer to attach to the Premises any easement, restriction, lien or other encumbrance affecting the title to the Premises during the Term of this Ground Lease other than restrictions and other encumbrances in the name of Landlord requested by Tenant. Landlord shall have thirty (30) days to bond off or otherwise discharge any encumbrance suffered in violation of the preceding sentence. Tenant accepts the Premises "as is" and in their present condition. Tenant hereby acknowledging that Tenant has not been influenced to enter into this Ground Lease by, nor has Tenant relied upon, any warranties and representations of Landlord concerning the physical condition of the Premises, except as follows:
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Ground Leasehold Estate. As defined in the recitals hereof.
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Ground Leasehold Estate has the meaning set forth in Section 1.18 hereof.
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Related to Ground Leasehold Estate

  • Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

  • 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.

  • 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:

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Recorded Leasehold Interest means a Leasehold Property with respect to which a Record Document has been recorded in all places necessary or desirable, in Collateral Agent’s reasonable judgment, to give constructive notice of such Leasehold Property to third-party purchasers and encumbrancers of the affected real property.

  • Leasehold Property means any leasehold interest of any Credit Party as lessee under any lease of real property.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.

  • Financeable Ground Lease means, a ground lease reasonably satisfactory to the Administrative Agent on behalf of the Lenders, which must provide customary protections for a potential leasehold mortgagee (“Mortgagee”) such as (i) a remaining term, including any optional extension terms exercisable unilaterally by the tenant, of no less than 25 years, (ii) a provision that the ground lease will not be terminated until the Mortgagee has received notice of a default, has had a reasonable opportunity to cure and has failed to do so, (iii) provision for a new lease to the Mortgagee as tenant on the same terms if the ground lease is terminated for any reason, (iv) transferability of the tenant’s interest under the ground lease by the Mortgagee without any requirement for consent of the ground lessor unless based on delivery of customary assignment and assumption agreements from the transferor and transferee, (v) the ability of the tenant to mortgage tenant’s interest under the ground lease without any requirement for consent of the ground lessor and (vi) provisions that the tenant under the ground lease (or the leasehold mortgagee) has customary protections with respect to the application of insurance proceeds or condemnation awards attributable to the tenant’s interest under the ground lease and related improvements.

  • Leasehold Interests means all of each Loan Party’s right, title and interest in and to, and as lessee of, the premises identified as leased Real Property on Schedule 4.4 hereto.

  • Material Leasehold Property means a Leasehold Property reasonably determined by Administrative Agent to be of material value as Collateral or of material importance to the operations of Company or any of its Subsidiaries.

  • Leaseholder means a grantee or a person or other legal entity holding a valid lease or licence of occupation with the federal Crown for the use or occupation of land in Jasper National Park, and shall mean Canadian National Railway in respect of lots or land parcels held by Canadian National Railway, and shall mean Jasper National Park of Canada in respect to lots or land parcels held by the Crown;

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

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

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

  • Leasehold of any Person shall mean all of the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Leased Land means land which is the subject of a lease granted under section 60 or 93G; S. 3 def. of "lessee" amended by No. 39/1997 s. 4(2)(b).

  • Hotel Property means a Property on which there is located an operating hotel.

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

  • Estate in Real Property A fee simple estate in a parcel of land.