Lease Property means any Group A Property or Group B Property, and the term “Lease Properties” shall mean, collectively, the Group A Properties and the Group B Properties.
Lease Property means each Real Property that satisfies all of the following requirements: (a) such Real Property is owned in fee simple solely by the Borrower or any of its Subsidiaries, (b) such Real Property is leased to another Person solely by the Borrower or any of its Subsidiaries, as lessor, pursuant to a long-term lease that is subject to customary market terms and conditions at the time such lease is executed; and (c) such Real Property has been designated by the Borrower as a “Lease Property” on Schedule 4.21(a) or on a Compliance Certificate delivered by the Borrower to the Administrative Agent pursuant to Section 6.2.
Lease Property means each Real Property that satisfies all of the following requirements: (a) such Real Property is owned in fee simple solely by the Company or any of its Subsidiaries, (b) such Real Property is leased to another Person solely by the Company or any of its Subsidiaries, as lessor, pursuant to a long-term lease that is subject to customary market terms and conditions at the time such lease is executed; and (c) such Real Property has been designated by the Company as a “Lease Property” on Schedule 5.21(a) or on a Compliance Certificate delivered by the Company to the holders of the Notes pursuant to Section 9.2.
Examples of Lease Property in a sentence
Covenant Not to Consolidate, Merge, Convey, Transfer or Lease Property Except under Certain Conditions.
If the Special Servicer is successful in leasing the Terminated Lease Property or REO Property, a new Appraised Value will be obtained by the Special Servicer for the Terminated Lease Property or REO Property in the Special Servicer’s discretion, and the costs of any such appraisal shall be a Property Protection Advance.
Landlord shall have received a Ground Lessor Estoppel Certificate and, if applicable, a Fee Mortgagee Estoppel Certificate, for each Ground Lease Property.
Harco Leasing has the corporate power and authority to sell and assign to NFC the Sold Retail Lease Property and has duly authorized such transfers by all necessary corporate action on the part of Harco Leasing.
The decision to enter into a lease assumption or re-lease the Terminated Lease Property shall be made by the Special Servicer in accordance with the Servicing Standard.
More Definitions of Lease Property
Lease Property means the Lease Documents, including the Lease and the Participation Agreement, the Aircraft, and all income, deductions, credits and other benefits to which an owner of property would be entitled to as lessor under the Lease, and owner of the Aircraft, including without limitation, all rental payments under the Lease, the right to possession of the Aircraft, and all proceeds upon the sale or re-lease of the Aircraft.
Lease Property. With respect to any Note, has the meaning specified in Appendix A of the related Participation Agreement.
Lease Property means that portion of the BART Station Property that BART may leasehas leased to the Authority and the Authority willhas in turn leaseleased to the Developer as contemplated by this Agreement; the precise location of the Lease Property will be determined pursuant to this Agreement and may include air rights, underground or similarly vertically limited parcels and easement rights over other portions of the BART Station Propertyare more particularly described in the Authority Lease.
Lease Property. As defined in Article 1. -------------- --------- Legal Requirements: All federal, state, county, municipal and other ------------------ governmental statutes, laws (including the Americans with Disabilities Act and any Environmental Laws), rules, orders, regulations, ordinances, judgments, decrees and injunctions affecting either the Leased Property or the construction, use or alteration thereof, whether now or hereafter enacted and in force, including any which may (i) require repairs, modifications or alterations in or to the Leased Property; (ii) in any way adversely affect the use and enjoyment thereof, and all permits, licenses and authorizations and regulations relating thereto, and all covenants, agreements, restrictions and encumbrances contained in any instruments, either of record or known to Tenant (other than encumbrances created by Landlord without the consent of Tenant), at any time in force affecting the Leased Property; or (iii) require the cleanup or other treatment of any Hazardous Material. Letter of Credit Amount: $2,000,000 -----------------------
Lease Property has the meaning specified in Section 3.2(l)(ii).
Lease Property. The real property and improvements thereon that are subject to a Lease.
Lease Property means the lease property subject to the Agreement, representing the property described in the Appendix.