Lessee Interest definition

Lessee Interest means the interest of the Lessee in the LMM Airport Facility created by this Agreement and the rights, benefits and obligations of the Lessee under this Agreement (including the right to receive Leasehold Compensation and Termination Damages hereunder).
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Lessee Interest and together with the Owner Interest, the “Target Interest”) in, MHI/Carlyle Hotel Lessee Program I, L.L.C. (“Hotel Lessee Program”; and together with Hotel Investment Program, the “Companies”), which Lessee Interest represents Assignor’s entire interest in Hotel Lessee Program;
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Lessee Interest means the interest of the Clarified Lessee under the Lease, as described in Schedule “A”; and
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Examples of Lessee Interest in a sentence

  • Conversely, a Participating Group Member with a Lessor Interest (Operating Lease) is to be allocated 50% of the Provisional Vehicle Amount regardless of whether or not a claim is also made by a Participating Group Member who held a Lessee Interest (Operating Lease) in respect of the same Affected Vehicle.

  • The amount to be paid to Lessee pursuant to the immediately preceding sentence shall include interest on such amount at the Lessee Interest Rate accruing from the Expiration Date until but not including the date of such payment.

  • Be Made under Certain Lease-Purchase Agreements by THE TRUSTEES OF INDIANA UNIVERSITY, as Lessee Interest Rate Maturity Date Original Date Authentication Date CUSIP (See Attached Exhibit A) Registered Owner: CEDE & CO.

  • The Lessee shall have all rights available to a mortgagor under the laws of the jurisdiction in which the Lessee Interest is located.

  • The documents concerning the Property and the Ground Lessee Interest that Seller has delivered to Buyer.

  • At the Time of Closing, the Lessee shall deliver or cause to be delivered to the Authority same-day funds by wire transfer in the amount of the Leasehold Fee (less the amount of any Cash Deposit and any interest thereon withdrawn by the Authority pursuant to Section 2.3(c)) in full payment for the Lessee Interest, and upon receipt of such payment the Transaction shall be effective.

  • As of the Clarification Date: The Lessor hereby acknowledges the effect of the Devolution of Title in assigning the Lessee Interest in the Lands, with respect the Lease, to the Clarified Lessee.

  • After the lapse of such time as may then be required by law following the recordation of said notice of default, and notice of sale having been given as then required by law, Lessor, without demand on Lessee, may sell the Lessee Interest at the time and place fixed by it in said notice of sale, Master Lease either as a whole or in separate parcels, and in such order as it may determine, at public auction to the highest bidder for cash in lawful money of the United States, payable at time of sale.

  • To evidence the Assignment, MMB MANAGEMENT, LLC, a California limited liability company ("MMB"), ACD, MBA and CALIFORNIA WESTERN HOME FINANCING PARTNERS, a California limited partnership, entered into that certain Memorandum of Assignment of Lessee Interest Under Lease and Acknowledgement of Grant of Leasehold Security Interest dated December 3, 2008, which was recorded in the Official Records of Orange County, California, on December 3, 2008, as Instrument No. 2008000558260 (the "Memorandum").

  • Buyer has represented to Seller that Buyer is a sophisticated investor with substantial experience in the real estate industry and is capable of evaluating the merits and risks of buying and owning the Ground Lessee Interest and operating the Property.

Related to Lessee Interest

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Overdue Interest means any interest payable pursuant to Section 2.8(b) of the Credit Agreement.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Asset Interest is defined in Section 2.1(b).

  • Trust Interest means an account owner's interest in the trust created by a participating trust

  • Net Revenue Interest means, with respect to any Property, the interest in and to all Hydrocarbons produced, saved, and sold from or allocated to such Property after giving effect to all royalties, overriding royalties, production payments, carried interests, net profits interests, reversionary interests, and other burdens upon, measured by, or payable out or production therefrom.

  • Subject Interest has the meaning assigned to such term in the recitals.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Certificate Interest means the allocable percentage interest of a Certificate held by a Certificateholder.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Working Interest means an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense.

  • Proportionate Interest has the meaning specified in Section 2.5(d);

  • Mineral interest means the interest in the minerals beneath the surface of a tract of land. A mineral interest may be severed from the ownership of the surface of the tract. Ownership of a mineral interest generally involves four incidents of ownership: (1) the right to use the surface; (2) the right to incur costs and retain profits, also called the right to develop; (3) the right to transfer all or a portion of the mineral interest; and (4) the right to retain lease benefits, including bonuses and delay rentals.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Recorded Leasehold Interest means a Leasehold Property with respect to which a Record Document has been recorded in all places necessary or desirable, in Collateral Agent’s reasonable judgment, to give constructive notice of such Leasehold Property to third-party purchasers and encumbrancers of the affected real property.

  • Royalty interest owner means a person or the estate of a person, other than a working interest owner, who owns the right to or interest in any portion of the oil and/or gas, or proceeds from the sale thereof, from a tract.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Working interest owner means a person or the estate of a person who owns an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense. “Working interest owner” does not include an unleased mineral owner.

  • Compounded Interest shall have the meaning set forth in Section 4.1.

  • Undivided Interest means the undivided interest in the Trust evidenced by an Investor Certificate.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.