Key Lease definition

Key Lease means any Lease that satisfies one or more of the following conditions:
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Key Lease means any lease, license, or similar agreement relative to any Obligor's use or operation of Real Property comprising all or part of any Facility.
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Key Lease means any present or future Lease to a tenant that either (i) demises more than 10,000 square feet of the net leasable area of the Improvements, or (ii) whose rental payments under all Leases comprise more than twenty percent (20%) of the gross rental income of the Real Property.
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Examples of Key Lease in a sentence

  • The remaining provisions of this Section shall apply to the extent that they are consistent with the terms of the approved Key Lease.

  • Free Cash Flow is defined as cash flows from operating and investing activities, excluding any debt related investing activities, reduced for financing activities related to Gold Key Lease financing.

  • The purposes for which the Project may be used are limited to the permitted uses under the Key Lease.

  • Ohio KAMHI Key Community Development Corporation Ohio KeyC Key Equity Capital Corporation Ohio SNB Key Financial Services Inc New York KBNY Key Investments Inc New York SNB Key Lease, Inc.

  • Except as has been disclosed by the Borrower to the Lender in the Closing Certificate delivered by the Borrower to the Lender in connection with the closing of the Loan, no Key Lease grants to any tenant a right to receive Insurance Proceeds or Condemnation Proceeds.

  • All of the parties to such agreements are in full compliance with their respective obligations thereunder and there does not exist any condition which would materially and adversely affect the ability of the Key Tenant to fulfill and perform all its obligations under the Key Lease.

  • Page(d)Free Cash Flow is defined as cash flows from operating and investing activities, excluding any debt related investing activities, adjusted for financing activities related to Gold Key Lease financing.

  • Notwithstanding the foregoing, the Initial Lease Term is subject to extension by the exercise of the Renewal Options, as provided in the Key Lease Terms and Section 10 hereof.

  • As provided in the Key Lease Terms and on the Fixed Rent Schedule, during each Lease Year of a Renewal Period the annual Fixed Rent during each Lease Year of a Renewal Period, and the corresponding monthly installments thereof, shall be 103% of the annual Fixed Rent (and the corresponding monthly installment thereof) for the immediately preceding Lease Year.

  • With respect to the leases to Boston Scientific and Clarify more particularly set forth on Exhibit 7.6 (d) ("Key Leases"), (i) each Key Lease shall be in full force and effect in accordance with its terms, (ii) there shall be no material default under any Key Lease and (iii) no event shall have occurred respecting any Key Lease which would entitle the tenant thereunder to terminate such Key Lease in accordance with its terms.


More Definitions of Key Lease

Key Lease means any lease demising in excess of 15,000 rentable square feet of space.
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Key Lease means the following leases: Agilent Tecnhnologies; Panasonic Corporation; Department of Consumer Affairs; Wachovia Dealer Services; and Republic Indemnity of America. Any Leasing Action related to a space not occupied by a Key Lease will not require Lender’s written consent if the following conditions are met with respect to such proposed Leasing Action, Lender’s consent shall not be required to such Leasing Action:
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Key Lease means any Lease of a portion of the Improvements that covers more than 20% of the net leasable area of the Improvements or generates more than 20% of the gross rental income of the Real Property, together with any future "Key Leases" as defined in the Absolute Assignment of Leases and Rents.
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Related to Key Lease

  • Company Lease means any lease, sublease, sub-sublease, license and other agreement under which the Company or any of its Subsidiaries leases, subleases, licenses, uses or occupies (in each case whether as landlord, tenant, sublandlord, subtenant or by other occupancy arrangement), or has the right to use or occupy, now or in the future, any real property.

  • 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:

  • 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;

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

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

  • 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).

  • Mining Lease means the mining lease granted pursuant to Clause 12 and includes any renewal thereof and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;

  • Major Lease shall have the meaning assigned to such term in the Mortgage Loan Agreement.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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

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

  • Superior Lease means the document which sets out the obligations your Landlord has made to their Superior Landlord. The promises contained in this Superior Lease will bind the Tenant if they have prior knowledge of those promises.

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

  • 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.

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

  • 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.

  • 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.

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

  • Real Property Leases has the meaning set forth in Section 4.7(b).

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • 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.