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).
The Developer shall have the option to mortgage its interests in the Project, including the Master Ground Lease, as may be required by a lender.
Thereafter, if the Board terminates the Agreement prior to completion of the Phase 2 Improvements, and Developer is not then in default of the DDA or the Master Ground Lease, the following are Developer’s sole and exclusive remedies.