Examples of Master Ground Lease in a sentence
Furthermore, Brillian expressly acknowledges that TFS has the right pursuant to Section 3.3 of the Ground Sublease to purchase the Land, in which event the Master Ground Lease (as such term is defined in the Ground Sublease) shall be amended to delete the Land as of the closing of such purchase, as more fully set forth in Section 3.3(B)(3) of the Ground Sublease.
As a condition of the financing arrangement, the Financing Corporation entered into a Master Ground Lease Agreement with the University.
The property covered by the Master Ground Lease together with improvements (re: student residences and parking facilities) thereon is leased back by the University to manage and operate through the Master Operating Lease (Direct Financing Lease).
As further described in the Master Ground Lease, the Developer shall pay the City $200,000 annually as rent under the Master Ground Lease, with an annual rental adjustment not to exceed the lesser of 1.5% or the change in CPI.
The dates and deadlines in the Master Ground Lease are hereby amended to coincide with the termination of the Tolling Amendment (with a day for day delay in the date from March 3, 2020 to the Effective Date of the Second Amendment to the Master Ground Lease), and may be memorialized at the request of either Party in a further amendment to this Lease to be executed by the Chief Real Estate Officer.