Immaterial Leases definition

Immaterial Leases means Leases pursuant to which the Borrower recognized revenue, in the aggregate, that constituted 10% or less of the total consolidated revenue of the Borrower and its Subsidiaries (other than Project Finance Subsidiaries) as set forth on the face of the consolidated statements of operations for the four consecutive fiscal quarter periods that ended on the date of the last financial statements delivered pursuant to Section 7.1 prior to the date on which the determination of whether such Lease falls within the scope of this definition is required to be made under the Credit Documents.
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Immaterial Leases means, with respect to any Loan Party or any Subsidiary, (a) oral, month-to-month, season-to-season or otherwise terminable farm leases of excess cemetery land, (b) oral, month-to-month or “term of employment” residential leases with employees, (c) month-to-month leases for office or storage use, (d) cell site, cell tower, communication, billboard and sign leases on excess cemetery land, (e) oil and gas leases not effecting cemetery use and (f) other leases having no material adverse effect on the cemetery or funeral home use of the real property involved (or the value of such real property).
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Immaterial Leases means any Lease or Leases (other than an Operating Lease) for space at any Project not to exceed 1,000 rentable square feet in the aggregate at any such Project.
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Examples of Immaterial Leases in a sentence

  • Other than with respect to Immaterial Leases, no Tenant has sublet all or any portion of the premises demised thereby.

  • No Person has any possessory interest in any Individual Property or right to occupy the same except under and pursuant to the provisions of the Operating Leases, the Immaterial Leases.

  • The Properties are not subject to any Leases other than the Operating Leases, the Immaterial Leases.

  • Except for those items subject to the FormMaker Companies Non- Real Estate Leases or the Immaterial Leases or those items listed in the FormMaker Disclosure Schedule, no Person other than the FormMaker Companies owns any vehicles, equipment or other tangible assets located on the FormMaker Real Property that have been used in the FormMaker Companies Business or that are necessary for the operation of the FormMaker Companies Business.

  • Subject to and in accordance with all Applicable Laws, Lessee covenants and agrees that Lessee shall not use the Property for any use other than the Permitted Use, except for de minimus uses of the Property during hours outside normal operating hours for Lessee's Permitted Use, and except pursuant to Immaterial Leases (as defined in the Loan Agreement).

  • Except for those items subject to the Image Sciences Non-Real Estate Leases or the Immaterial Leases or those items listed in the Image Sciences Disclosure Schedule, no Person other than Image Sciences owns any vehicles, equipment or other tangible assets located on the Image Sciences Real Property that have been used in the Image Sciences Business or that are necessary for the operation of the Image Sciences Business.

  • The FormMaker Disclosure Schedule lists ---------------------- all assets and property (other than FormMaker Real Property) that are possessed by the FormMaker Companies under an existing lease, including all trucks, automobiles, forklifts, machinery, equipment, furniture and computers, except for Immaterial Leases.

  • All of such leases (excluding Immaterial Leases) are referred to collectively herein as the "Non-Real Estate Leases." Each Non-Real Estate Lease is in full force and effect, and has not been assigned, modified, supplemented or amended and the Company is not in Default under any such Non-Real Estate Lease, and no circumstances or state of facts presently exists that, with the giving of notice is passage of time, or both, would permit the lessor thereunder to terminate any such Non-Real Estate Lease.


More Definitions of Immaterial Leases

Immaterial Leases means the collective reference to: (a) those specific Existing Operating Leases and Existing Capitalized Leases which are listed on Schedule "13" annexed hereto; and (b) additional Operating Leases and/or Capitalized Leases (excluding those listed on Schedule "13" hereto) --------- which, subject to the conditions and limitations set forth in this Agreement, may have been or may be entered into by any of the Borrowers following the Original Agreement Date; provided, that: (i) the annual rentals payable by the -------- applicable Borrower or Borrowers under any one of such additional Operating Leases or Capitalized Leases shall not exceed $50,000, and (ii) the annual rentals payable by all Borrowers under all such additional Operating Leases or Capitalized Leases shall not exceed $250,000 in the aggregate at any time.
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Immaterial Leases means the Leases that are not Material Leases.
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Immaterial Leases means, with respect to any Note Party or any Subsidiary of a Note Party, (a) oral, month-to-month, season-to-season or otherwise terminable farm leases of excess cemetery land, (b) oral, month-to-month or “term of employment” residential leases with employees, (c) month-to-month leases for office or storage use, (d) cell site, cell tower, communication, billboard and sign leases on excess cemetery land, (e) oil and gas leases not effecting cemetery use, (f) leases of modular office buildings, (g) residential leases with a term of not more than three years, and (h) other leases having no material adverse effect on the cemetery or funeral home use of the real property involved (or the value of such real property).
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Related to Immaterial Leases

  • Material Leases has the meaning set forth in Section 4.21.

  • Material Lease has the meaning set forth in Section 3.17(a).

  • Material Leased Real Property shall have the meaning given in Section 3.7(b).

  • Real Property Leases means all leases, sub-leases, licenses or other agreements, in each case, pursuant to which any Group Company leases or sub-leases any real property.

  • 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.

  • 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.

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

  • Leases means any and all leases, subleases, tenancies, options, concession agreements, rental agreements, occupancy agreements, franchise agreements, access agreements and any other agreements (including all amendments, extensions, replacements, renewals, modifications and/or guarantees thereof), whether or not of record and whether now in existence or hereafter entered into, affecting the use or occupancy of all or any portion of any Real Property.

  • Assigned Leases has the meaning specified in Section 2.01(b).

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

  • Company Leases shall have the meaning set forth in Section 3.12(a).

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Property Lease means any Depot Lease, any lease in respect of a Managed Station Area, any lease in respect of Shared Facilities or any Station Lease and any agreement or lease of a similar or equivalent nature (whether in respect of any such facility or otherwise) which the Franchisee may enter into with a person who has an interest in a network or a railway facility which is to be used for or in connection with the provision or operation of the Franchise Services;

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

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

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

  • New Leases means those leases, license agreements and occupancy agreements encumbering any Real Property which are entered into after the Effective Date in accordance with the terms of this Agreement, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Subject Leases means, for any Asset Review, all 2019-B Leases which are 60-Day Delinquent Leases as of the end of the Collection Period immediately preceding the related Review Satisfaction Date.

  • Material Contracts has the meaning set forth in Section 3.09(a).

  • Master Leases refers to the four second amended and restated master lease agreements, dated as of April 27, 2007, by and among the Operating Partnership and Kindred Healthcare, Inc. and Kindred Healthcare Operating, Inc.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

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

  • Finance Leases means any finance leases, to the extent the arrangement is or would have been treated as a finance or a capital lease in accordance with the Accounting Principles applicable on the First Issue Date (a lease which in the accounts of the Group is treated as an asset and a corresponding liability), and for the avoidance of doubt, any leases treated as operating leases under the Accounting Principles as applicable on the First Issue Date shall not, regardless of any subsequent changes or amendments of the Accounting Principles, be considered as a finance lease.

  • Equipment Leases shall have the meaning set forth in Section 2.1(b) hereof.

  • Material Project Documents means, collectively, the Power Purchase Agreement, the EPC Contract, the Transmission Facilities Construction Agreement, the O&M Agreement, the Coal Supply Agreements, the Coal Transportation Agreement and all other instruments, agreements or other documents arising from or related to the Project, but shall not include any Financing Agreement.