Lease Rights definition

Lease Rights means the leasehold rights, granted by Authority to the Developer over the Commercial Development Assets under and in accordance with the provisions of the Agreement;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Lease Rights means the rights to vote on, consent to, or approve of decisions made by Landlord with respect to actions, decisions, approvals, waivers, consents, declarations of default, exercise of remedies or other matters under this Lease, whether through ownership of securities, the ability to exercise voting power, by contract, arrangement, understanding, course of conduct or otherwise, but not including veto rights held by passive minority investors.

Lease Rights shall have the meaning ascribed to it in Clause 10.1;

Examples of Lease Rights in a sentence

• Further the Lease Rights granted to the Developer in respect of the Commercial Development Assets shall be incapable of conversion into freehold rights.

• The Developer shall not, at any time during the Term, assert any ownership rights and/or lease rights over the Project Land or the Assets and Project Utilities developed thereupon, and/ or any other interests in the Project Land (save and except the Lease Rights to the Commercial Development Assets as set out under the Agreement), and/or any built-up structures and all other assets erected on the Project Land and/or shops etc., in /at the Station.

• If the Lessee transfers in any manner whatsoever the Development and/or Lease Rights of the Project Land or part thereof except to the extent and in the manner specifically provided in this agreement.

• For the avoidance of doubt, the Parties agree and acknowledge that notwithstanding the registration of the Lease Rights pursuant to this Section 3.14(a), NewCo shall not have the right to exclusively use the Leased Premises and the Parties shall have the right to use all dormitories in existence as of the date hereof on a pro rata shared basis as indicated in the first sentence of this Section 3.14(a).

• Tenant shall indemnify, defend, hold, and save Landlord harmless from and against any and all Claims arising out of or in connection with any affirmative action taken by Tenant to enforce any Ground Lease Rights.

More Definitions of Lease Rights

Lease Rights means all leases, subleases, franchises, licenses, concessions, permits, contracts and other agreements pursuant to which any Pledgor leases any space (other than space consisting of or located at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇) from or to any person or entity or has the use, occupancy or possession of any real property (other than real property located at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇) now or hereafter entered into and any and all amendments, supplements, modifications, restatements, guaranties, renewals or extensions thereof (the “Leases”); the right to receive and apply any rents, issues and profits of or with respect to any and all Leases, including any and all allowances, concessions and consideration payable thereunder or in connection therewith, including in connection with any assignment, transfer or further leasing or subleasing of any Leases or the premises under the Lease (the “Rents”); and all other amounts payable to or for the benefit of any Pledgor under or in connection with the Leases and all rights, claims, powers, privileges and remedies of any Pledgor (including without limitation any and all rights and interests in buildings, improvements, fixtures and personal property, and any and all options or rights of first refusal, first offer or first negotiation to lease or to purchase, extend, renew, terminate, expand, or contract the premises under any Lease), whether arising under the Leases, by statute or at law or in equity or otherwise.

Lease Rights has the meaning set forth in Section 2.2(i)(D).

Lease Rights. Lease Rights means the rights of Seller as landlord or lessor under the Leases.

Lease Rights means all rights of Seller in Assumed Leases.

Lease Rights means the rights of Seller as landlord or lessor under the Leases. 16. "Leases" means the leases, licenses or other tenancy or occupancy agreements described in Schedule C attached hereto together with any modifications thereto or any new or expansion leases entered into after the date hereof, in each case which are approved by Purchaser as provided herein. 17. "Leasing Commissions" shall mean all leasing and other real estate commissions, fees or other compensation payable by Seller to any real estate broker, sales person or finder who is entitled to receive such commission, fee or other compensation as a result of the leasing of space in the Improvements owned by Seller to tenants (including, without limitation, the extension, renewal or expansion of any lease pursuant to an exercise of an option or otherwise). 18. "Luby's Land" has the meaning given in the first recital to this Agreement. 19. "Luby's Lease" means that certain Lease, dated July 10, 1989, between B▇▇▇▇ Corp., as lessor, and Luby's Cafeterias, Inc., as lessee, as amended, affecting the Luby's Land. 20. "Luby's Property" has the meaning given in the first recital to this Agreement. 21. "Luby's Purchase Price" has the meaning given in Article II, Paragraph 2.2. 22. "Mall Property" has the meaning given in the first recital to this Agreement. 23. "Mall Purchase Price" has the meaning given in Article II, Paragraph 2.2. 24. "Option Agreement" shall mean that certain Option to Purchase, dated as of February 9, 1998, between Seller and Purchaser 25. "Party" shall mean a party to the Core Agreement or a Contract (or the successor or assignee thereof) or a tenant under a Lease, in each case other than Seller or its predecessors in interest.

Lease Rights means and include, subject to the terms of this Agreement, the exclusive right to develop and market the built-up area and complete the Sub-lease;

Lease Rights. Seller shall deliver a lease or sublease for the portion of the space that is being utilized by the entity which purchases the Assets pursuant to this transaction at the premises located at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ on terms no less favorable than the terms contained in the lease between the Landlord and ▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇.