Lease Termination Funds definition

Lease Termination Funds shall have the meaning set forth in Section 6.6.1.
Lease Termination Funds. The Account in which the Lease Termination Funds are held shall hereinafter be referred to as the “Lease Termination Reserve Account.”
Lease Termination Funds. The Lease Termination Funds shall be held in an Interest Bearing Account.

Examples of Lease Termination Funds in a sentence

  • The Lease Termination Funds shall be held in an Interest Bearing Account (the “Lease Termination Reserve Account”).

  • The Lease Termination Funds shall be held in an Interest Bearing Account.

  • Any Lease Termination Funds remaining after the Debt has been repaid in full shall be returned to Borrower.

  • Provided that no Event of Default shall have occurred and there is no event which with notice, the passage of time, or both, could become an Event of Default under this Mortgage, such Lease Termination Funds shall be disbursed under guidelines reasonably satisfactory to Mortgagee to reimburse Mortgagor for the cost of tenant improvements and leasing commissions.

  • Within ten (10) days after Administrative Agent’s receipt of a written request from Borrower, and provided that on the date such request is received by Administrative Agent and on the date such disbursement is to be made no Event of Default shall exist and be continuing, Administrative Agent shall disburse to Borrower the Lease Termination Funds upon such terms and conditions as shall be reasonably determined by Administrative Agent based upon the conditions for disbursement of a Future Advance (TI/LC).

  • Within ten (10) days after Administrative Agent’s receipt of a written request from Xxxxxxxx, and provided that on the date such request is received by Administrative Agent and on the date such disbursement is to be made no Event of Default shall exist and be continuing, Administrative Agent shall disburse to Borrower the Lease Termination Funds upon such terms and conditions as shall be reasonably determined by Administrative Agent based upon the conditions for disbursement of a Future Advance (TI/LC).

  • Any such Lease Termination Funds shall be held by Mortgagee, or Mortgagee’s agent, in a reserve account as additional collateral security for the Loan.


More Definitions of Lease Termination Funds

Lease Termination Funds shall have the meaning set forth in Section 6.4.1. “Lease Termination Reserve Account” shall have the meaning set forth in Section 6.4.1. “Leasing Agent” shall mean (as the context may require) (i) Leasing Agent (Newmark), (ii) Leasing Agent (Xxxxxxx), (iii) Leasing Agent (Xxxxxxx), and (iv) or any other leasing agent engaged by Borrower in accordance with the terms and conditions of the Loan Documents. “Leasing Agent (Cushman)” shall mean Xxxxxxx & Xxxxxxxxx, Inc., a New York corporation. “Leasing Agent (Newmark)” shall mean Newmark & Company Real Estate, Inc. d/b/a Newmark Xxxxx Xxxxxx & Xxxxx, a New York corporation. “Leasing Agent (Savanna)” shall mean Savanna Commercial Services LLC, a Delaware limited liability company. “Leasing Agreement” shall mean (as the context may require) (i) the Leasing Agreement (Newmark), (ii) the Leasing Agreement (Savanna) (Office), (iii) Leasing Agreement (Savanna) (Retail), (iv) Leasing Agreement (Xxxxxxx) or (v) any Replacement Leasing Agreement entered into by and between Borrower or Manager and a Leasing Agent in accordance with the terms of the Loan Documents, in each case, pursuant to which the Leasing Agent is to provide leasing services with respect to the Property. “Leasing Agreement (Xxxxxxx)” shall mean that certain Rental Agency Agreement dated as of July 24, 2019 between Borrower and Leasing Agent (Xxxxxxx).

Related to Lease Termination Funds

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Lease Termination Date means the last day of the Lease Term.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Early Termination Charge means, with respect to any 2019-B Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (a) the present value (discounted at the implicit rate of such 2019-B Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2019-B Lease balance over the related 2019-B Vehicle’s fair market wholesale value in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Trust, and the Lessee).

  • Reverse Termination Fee shall have the meaning set forth in Section 9.2(b).

  • Servicer Termination Notice Defined in Section 6.15.

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Accretion Termination Date As defined in the Series Supplement.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Early Termination Fee has the meaning set forth in Section 7.2.

  • Trust Termination Date has the meaning specified in the Trust Agreement.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Event Termination Date See Section 2(e) hereof.

  • Collateral Custodian Termination Notice has the meaning assigned to that term in Section 12.05.

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Early Termination means the Termination of Employment before Normal Retirement Age for reasons other than death, Disability, Termination for Cause or following a Change of Control.

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Special Termination Advance means an Advance made pursuant to Section 2.02(g).

  • Termination Date Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Termination Date Demand.