Lease definition

Lease means any agreement, whether written or oral, no matter how styled or structured, pursuant to which a Loan Party is entitled to the use or occupancy of any real property for any period of time.

Lease means any and all leases, subleases, licenses or other occupancy agreements, sale/leaseback arrangements or similar arrangements.

Lease means a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. Unless the context clearly indicates otherwise, the term includes a sublease.

Examples of Lease in a sentence

• Xxxxxxxx agrees that, upon request by Xxxxxx, Landlord will execute a Memorandum of Lease evidencing this Lease and satisfying the requirements of 33 M.R.S.A. §201.

• If this Lease is terminated, Tenant shall remain liable to Landlord for all rent accrued and unpaid and for the entire unpaid rental and other sums due hereunder for the remainder of the Term and Landlord shall also be entitled to recover damages from Tenant, such damages to include not only damages under this Lease, but also reimbursement for any liability or obligation that Landlord may elect to assume under any subleases of the Premises.

• If Landlord shall elect not to restore the Premises, this Lease and the term thereof shall cease and come to an end, and any unearned rent or other charges paid in advance shall be refunded to Tenant.

• This Lease shall not be modified in any way except by writing executed by both parties.

• Any failure of Landlord to enforce the provisions of this Lease upon the default of Tenant shall not be construed as creating a custom of deferring payment or as modifying in any way the terms of this Lease or as a waiver of Landlord's remedies under this Lease or of Landlord's right to enforce the provisions hereof for any subsequent default.

More Definitions of Lease

Lease means the lease or leases described in Schedule 4.7 attached hereto and made a part hereof.

Lease means any lease of real property to which any Loan Party or any of its Subsidiaries is a party as lessor or lessee.

Lease has the meaning set forth in Section 3.11(b).

Lease. As defined in the Preamble.

Lease means the lease or other occupational agreement between the Academy Trust and a third party (the “Landlord”) under which the Academy Trust derives title to the Land.

Lease means any agreement, whether written or oral, no matter how styled or structured, pursuant to which a Loan Party is entitled to the use or occupancy of any space in a structure, land, improvements or premises for any period of time.

Lease means any lease or sublease pursuant to which the Company or any Subsidiary leases or subleases from another party any real property.