Head Lease Interest definition

Head Lease Interest means, in relation to a Series, all of the present and future rights, interests, obligations and ownership interest of the Trustee in its capacity as lessee under the relevant Supplemental Headlease Agreement;
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Head Lease Interest means all of the Trust’s right, title and interest in, to and under the Head Lease and all of the Trust’s right and interest in, to and under the Access Rights, and, when used in reference to the Facility refers to such right, title and interest in respect of the Facility.
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Examples of Head Lease Interest in a sentence

  • During the period following the giving of such notice of termination until the Termination Date, the User Lessee as non-exclusive agent for the User Lessor, the SublessorSublessors and the TrustLessor shall use its best efforts to obtain bids for the cash purchase of, and the User Lessor, the SublessorSublessors, the TrustLessor or their respective agents may endeavor to sell, the Head Lease Interest.

  • The Equipment Head Lessee agrees that it will not, directly or indirectly create, incur, assume or suffer to exist any Lessor's Liens or Owner Participant's Liens on or with respect to the Equipment Interest or its Equipment Head Lease Interest, and the Equipment Head Lessee shall promptly notify the Equipment Head Lessor of the imposition of any such Lien of which the Equipment Head Lessee is aware and shall promptly, at its own expense, take such action as may be necessary to discharge any such Lien.

  • The Equipment Head Lessor shall, at its expense, upon receipt of written notice of the appointment of a successor Owner Trustee under the Trust Agreement, promptly make such modifications and changes to reflect such appointment as shall be reasonably requested by such successor Owner Trustee in any instruments relating to the Equipment Head Lease Interest or this Equipment Head Lease, all in form and substance reasonably satisfactory to such successor Owner Trustee.

  • The User Lessor shall provide the User Lessee with a copy of the notice of the Lessor of such preemptive election and upon receipt of such notice, the User Lessee shall cease its efforts to arrange the sale of the Head Lease Interest as provided above and shall reject all bids theretofore or thereafter received, if any.

  • The Head Lessee shall request the Lender to execute and deliver to the User Head Lessor and the Head Lessor, at each of their own cost and expense, an appropriate instrument (if required) releasing the Head Lease Interest with respect to the Facility from the Lien of the Loan Agreement.

  • If, on the Termination Date, no sale of the Head Lease Interest shall have occurred or the User Lessee shall not have paid to the Lessor all amounts described in Section 15(b) or, if applicable, the User Lessee or its designee has not delivered the Facility to the User Lessor pursuant to Section 15(c), the User Lessee’s notice given pursuant to Section 15(a) shall be deemed to be revoked as of such date and this User Lease shall continue in full force and effect.

  • The User and the Trust shall be notified of the opportunity to bid and may bid for the purchase of the Head Lease Interest.

  • In connection with such transfer of the UsserUser Lessor’s interest in the Head Lease Interest, the User Lessee shall prepare and the User Lessor shall execute, as the case may be, a termination of this User Lease and an assignment of its interest in the Head Lease Interest and such other documents and opinions as the User Lessee may reasonably request, all at the expense of the User Lessee as documented by the User Lessor.

  • The Equipment Head Lessor agrees that, notwithstanding any other provision of any of the Operative Documents, so long as this Equipment Head Lease has not been terminated pursuant to the express provisions of Section 10 hereof, it shall not through its own actions or inactions interfere with or interrupt the quiet enjoyment of the use, operation and possession by the Equipment Head Lessee of the Equipment Head Lease Interest subject to the terms hereof.

  • Each of the Authority, the State and the User hereby consents in all respects to the execution and delivery of the Loan Agreement and to all the terms thereof, including the assignment of the Head Lease Interest and the Lessor’s interest in the Lease, the Payment Agreement and the Payment Undertaker Guaranty as security thereunder.

Related to Head Lease Interest

  • Head Lease or “Superior Lease” means the document which sets out the promises the Landlord has made to the Superior Landlord. The promises contained in this Head Lease will bind the Tenant if he has prior knowledge of those promises.

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

  • New Lease Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.

  • Basic Lease Provisions means and refer to the following collective terms, the application of which shall be governed by the provisions in the remaining Articles of this Lease.

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

  • 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.

  • 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.

  • Net Lease means a lease in which the tenant undertakes to pay all or substantially all the cash expenses, excluding debt service, related to the leased property.

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

  • 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.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • special lease means a special lease or license to be granted in terms of this Agreement under the Ratifying Act the Land Act or the Xxxxxxx Xxx 0000 and includes any renewal thereof; “this Agreement” “hereof” and “hereunder” include this Agreement as from time to time added to varied or amended;

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • 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:

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

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Additional Rents means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • 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.

  • Original Lease shall have the meaning given such term in the recitals to this Agreement.

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.