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

  • Memorandum of Head Lease Interest and Deed of Sublease for property situated at 297 Ulster Street, Hamilton, between Hamilton City Council and P M Brown and others, and Melhay Investments Limited.

  • It was proposed that there would be merit in the Council acquiring the Head Lease Interest from Gleeson Properties Limited so as to consolidate the SDA’s portfolio.

  • 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.

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

  • 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.

  • 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 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.

Related to Head Lease Interest

  • Base Interest means the interest that would otherwise accrue on the Securities under the terms thereof and the Indenture, without giving effect to the provisions of this Agreement.

  • 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 the Trust, including any lease renewed or extended on behalf of the Trust if the Trust 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.

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

  • Master Lease means that certain [Master Lease title], relating to the leasing of, inter alia, the Healthcare Facility by Borrower to Master Tenant.

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

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • 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:

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

  • 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.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • 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.

  • Base Rent As defined in Section 3.1.

  • 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.