Ground Sublease Term definition

Ground Sublease Term shall have the meaning specified in Section 2.2 of the Ground Sublease.
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Ground Sublease Term shall have the meaning specified in Section 4 of the Ground Lease and Sublease.
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Ground Sublease Term means the Basic Ground Sublease Term and the Renewal Ground Sublease Term or Terms, if any.
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Examples of Ground Sublease Term in a sentence

  • The term of this Ground Sublease (the ʺGround Sublease Termʺ) shall be for the period commencing on the date of delivery of the Bonds (the “Commencement Date”), and ending on the date all obligations under the Indenture related to the Bonds, have been satisfied; provided however, the Ground Sublease Term shall not extend beyond the termination of the University Lease.

  • If the term of the Facility Lease shall be renewed for a Renewal Term pursuant to Section 15.4 of the Facility Lease, the term of the sublease to the Ground Sublessee hereunder will be automatically renewed for a term which shall be coterminous with the Renewal Term of the Facility Lease (a "Renewal Ground Sublease Term").

  • For the period from and after the Expiration Date to the end of the Ground Sublease Term the Ground Sublessee agrees to pay to the Ground Sublessor annual rent equal in timing and amount to the rent payable under the Ground Lease.

  • As rent for the Ground Interest, the Ground Lessee agrees to pay to the Ground Lessor annual rent of $30,000 per year, in advance on January 5 of each year during that portion of the Ground Lease Term equal to the Ground Sublease Term; PROVIDED that the first payment of rent shall be payable on the Closing Date and shall be prorated from the beginning of the Ground Lease Term to January 4, 1997.

  • The Ground Lessee hereby subleases the Ground Interest to the Ground Lessor, and the Ground Lessor hereby subleases the Ground Interest from the Ground Lessee, for a term commencing on the Closing Date and terminating at 11:59 p.m. (New York City time) on the Expiration Date subject to early termination pursuant to Section 11 hereof (the "Ground Sublease Term").

  • As rent for the Ground Interest, the Ground Lessee agrees to pay to the Ground Lessor rent of $100 per year, payable in advance on March 1 of each year during that portion of the Ground Lease Term equal to the Ground Sublease Term.

  • After the expiration or earlier termination of the Ground Sublease Term, subject to the proviso at the end of Section 2.2 hereof, the Ground Lessee may terminate this Ground Lease upon thirty days prior written notice to the Ground Lessor; provided, however, that this Ground Lease shall simultaneously terminate upon the expiration or earlier termination of the Head Lease pursuant to Section 3.5 thereof.

  • The Ground Sublease Term shall terminate prior to the scheduled expiration of the Ground Sublease Term if (a) the Ground Lessor shall exercise its option to terminate the Equipment Operating Lease and the Foundation Operating Lease pursuant to Section 14 of each thereof or (b) the Equipment Operating Lease and the Foundation Operating Lease shall be terminated pursuant to Section 17 of each thereof.

  • It is further understood that Executive may spend reasonable amounts of time during business hours pursuing future career opportunities.

  • As rent for the sublease of the Ground Interest for the Ground Sublease Term, the Ground Sublessee agrees to pay to the Ground Sublessor for the period commencing on the Closing Date and ending on the Expiration Date annual rent of $120,273 per year, payable in advance on July 1 of each year during the Ground Sublease Term; provided that the first payment of rent shall be payable on the Closing Date and shall be prorated from the beginning of the Ground Sublease Term to July 1, 1997.

Related to Ground Sublease Term

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • 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.

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • Master Lease This Schedule is issued pursuant to the Lease identified on page 1 of this Schedule. All of the terms and conditions of the Lease are incorporated in and made a part of this Schedule as if they were expressly set forth in this Schedule. The parties hereby reaffirm all of the terms and conditions of the Lease (including, without limitation, the representations and warranties set forth in Section 8) except as modified herein by this Schedule. This Schedule may not be amended or rescinded except by a writing signed by both parties. CHEMDEX CORPORATION COMDISCO, INC. AS LESSEE AS LESSOR By: /s/ Xxxxx X. Xxxxx By: /s/ Xxxx X. Xxxxxx ------------------- --------------------- Title: CEO Title: SR VP ----------------- ------------------- Date: Date: ----------------- ------------------- EXHIBIT 1 SUMMARY EQUIPMENT SCHEDULE -------------------------- This Summary Equipment Schedule dated XXXX is executed pursuant to Equipment Schedule No. X to the Master Lease Agreement dated XXXX between Comdisco, Inc. ("Lessor") and XXXX ("Lessee"). All of the terms, conditions, representations and warranties of the Master Lease Agreement and Equipment Schedule No. X are incorporated herein and made a part hereof, and this Summary Equipment Schedule constitutes a Schedule for the Equipment on the attached invoices.

  • 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:

  • Subleased Premises means all that portion of the Leased Premises referred to as airport lot as outlined on the site diagram attached as Schedule "A" to this Sublease; and

  • 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).

  • Permitted Sublease means a sublease permitted under Section 7.2.7 of the Lease.

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Sublease Agreement means that certain Sublease Agreement, dated as of May 1, 2021 by and between the Company and the Agency.

  • Base Lease means the Base Lease Agreement delivered concurrently with this Lease between the Company and the Issuer.

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Leased space means a self−service storage unit or a space located within a self−service storage facility that a lessee is enti- tled to use for the storage of personal property on a self−service basis pursuant to a rental agreement and that is not rented or pro- vided to the lessee in conjunction with property for residential use by the lessee.

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

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

  • Commercial Premises Means a place of trade or premises operated for financial gain, including but not limited to, a retirement village or a block of flats that has a common facility; a place of trade where the manufacture and production of products or produce takes place; a site where renovation, restoration and refurbishment work as described in Appendix B takes place.

  • residential premises means a house, building, structure, shelter, or mobile home, or portion thereof, used as a dwelling, home, residence, or living place by 1 or more human beings. “Residential premises” includes an apartment unit, a boardinghouse, a rooming house, a mobile home, a mobile home space, and a single or multiple family dwelling, but does not include a hotel, a motel, motor home, or other tourist accommodation, when used as a temporary accommodation for guests or tourists, or premises used as the principal place of residence of the owner and rented occasionally during temporary absences including vacation or sabbatical leave.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Occupancy Date means the date on which occupancy of all Units in a Project is permitted;

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • this Lease means the relevant portion of Articles 1 through 29 of this Office Lease to which this Tenant Work Letter is attached as EXHIBIT B and of which this Tenant Work Letter forms a part, and all references in this Tenant Work Letter to sections of "this Tenant Work Letter" shall mean the relevant portion of Sections 1 through 7 of this Tenant Work Letter.

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • 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.

  • domestic premises means any premises used wholly or partly as a dwelling or intended for such use;

  • Permitted Sublessee means the sublessee under a Permitted Sublease.

  • 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.