Leasehold Estate definition

Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Leasehold Estate. As defined in Section 17.1(a).

Leasehold Estate means the right of possession granted in the Lease for the Lease Term.

Examples of Leasehold Estate in a sentence

• Any Mortgage encumbering Tenant’s interest in the Premises and/or the Leasehold Estate shall not encumber Landlord’s fee interest in the Property.

• In the event there are more than one Mortgages encumbering the Leasehold Estate, and more than one such Mortgagee desires to exercise the rights granted to Mortgagees in this Section 15.04, such rights may only be exercised by the most senior such Mortgagee.

• A Mortgagee may acquire the Leasehold Estate through an affiliate of such Mortgagee (which is not also an affiliate of Tenant).

• La▇▇▇▇▇▇’s consent shall not be required for the acquisition of the encumbered Leasehold Estate by a third party who acquires the same by foreclosure or assignment in lieu of foreclosure so long as such transferee meets the requirements of an assignee as set forth in Section 4.11 hereof.

• Landlord’s consent shall not be required for the acquisition of the encumbered Leasehold Estate by a third party who acquires the same by foreclosure or assignment in lieu of foreclosure so long as such transferee meets the requirements of an assignee as set forth in Section 4.11 hereof.

More Definitions of Leasehold Estate

Leasehold Estate means ▇▇▇▇▇▇▇▇’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

Leasehold Estate means the estate in the Property created by each Ground Lease.

Leasehold Estate means Tenant’s leasehold estate, and all of Tenant’s rights, privileges, and Preemptive Rights, under this Lease, upon and subject to all the terms and conditions of this Lease, and any direct or indirect interest in such leasehold estate.

Leasehold Estate means Lessee’s leasehold estate, and all of Lessee’s rights and privileges under this Lease, upon and subject to all the terms and conditions of this Lease, and any direct or indirect interest in such leasehold estate.

Leasehold Estate means Tenant’s leasehold estate in and to the Premises, including ▇▇▇▇▇▇’s rights, title and interest in and to the Premises and the Improvements, or any applicable portion thereof or interest therein.

Leasehold Estate. As defined in Section 17.1(a). Legal Requirements: All federal, state, county, municipal and other governmental statutes, laws, rules, policies, guidance, codes, orders, regulations, ordinances, permits, licenses, covenants, conditions, restrictions, judgments, decrees and injunctions (including common law, Gaming Regulations and Environmental Laws) affecting either the Leased Property, Tenant’s Property and all Capital Improvements 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 and Tenant’s Property, (ii) in any way adversely affect the use and enjoyment thereof, or (iii) regulate the transport, handling, use, storage or disposal or require the cleanup or other treatment of any Hazardous Substance.

Leasehold Estate means the leasehold estate in the Land held by Tenant under this Lease.