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:

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

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.

Examples of Leasehold Estate in a sentence

• The fee title to the Leased Property and the Leasehold Estate of Tenant therein created by this Lease shall not merge but shall remain separate and distinct, notwithstanding the acquisition of said fee title and said Leasehold Estate by Landlord or by Tenant or by a third party, by purchase or otherwise.

• No assignment (other than a permitted assignment pursuant to Section 22.2(c)(iii), in connection with a sale or assignment of the Leasehold Estate), subletting or management agreement shall relieve the transferor Tenant of its obligation to pay the Rent and to perform all of the other obligations to be performed by the transferor Tenant hereunder.

• If the Building is materially damaged before or after a Leasehold Mortgagee or its designee acquires the Leasehold Estate, the Leasehold Mortgagee or its designee shall be obligated to repair or reconstruct the improvements only to the extent that the cost of the repair or reconstruction can be paid from the net insurance proceeds received by the Leasehold Mortgagee or its designee by reason of such damage.

• So long as any recorded leasehold mortgage encumbers the Leasehold Estate, the fee title to the Land and the Leasehold Estate of Tenant created by this Lease shall remain separate and distinct and shall not merge as a result of the acquisition of the fee title and Leasehold Estate by Tenant, Landlord or any third person, by purchase or otherwise.

• Notwithstanding any other provisions of this Lease, any transfer of the Leasehold Estate pursuant to or in lieu of foreclosure of a leasehold mortgage (a “foreclosure”) shall not require Landlord’s consent.

More Definitions of Leasehold Estate

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

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

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 a legal estate for a term of years absolute;

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

Leasehold Estate means the real property right and interest held by the Department as Tenant to possess, use and access the Site and the Project under the terms and conditions of this Ground Lease.

Leasehold Estate means the estate of Tenant created by this Lease upon and subject to all the terms and conditions of this Lease.