Master Lease Leased Properties definition

Master Lease Leased Properties. The Leased Properties under Amended and Restated Master Lease Agreement No. 4 dated as of the Effective Date and entered into by Ventas Realty, Limited Partnership and Tenant, exclusive of any Leased Properties that, pursuant to Section 40.17 below or the corresponding section of such Amended and Restated Master Lease Agreement No. 4 or of any New Lease derived, directly or indirectly, therefrom, are transferred into a New Master Lease in accordance with the requirements of any such Section 40.17.”

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Master Lease Leased Properties. The properties that, as of the Effective Date, were Leased Properties under the Second Amended and Restated Lease.

Master Lease Leased Properties. The properties that, as of the Effective Date, were Leased Properties under ML5.

Examples of Master Lease Leased Properties in a sentence

This Section 16.10.3.2 would not apply, and the Section 16.10.1 Number applicable to Lease A would be determined pursuant to Section 16.10.1(c) hereof (because Lease A would then cover 50 Master Lease Leased Properties), without any adjustment pursuant to this Section 16.10.3.2, because, although requirements (a) and (c) above are met relative to Lease A, requirement (b) above is not met as to Lease A.
Example 2: Same assumed facts as in Example 1, except assume three (3) Master Lease Leased Properties are subject to continuing Section 16.1(m) and/or Section 16.1(q) Events of Default immediately prior to the assumed Section 40.18 transaction, 2 of which are within the 35 Master Lease Leased Properties Lease A and 1 of which is within the 15 Master Lease Leased Properties Lease B.
For purposes of such New Master Lease, the Sub-Portfolio Properties shall constitute the "Master Lease Leased Properties" thereunder.
This is because, several months prior to the creation of the Separate Lease, Property A was included in the aforesaid 60 Master Lease Leased Properties lease and both the 14 Master Lease Leased Properties lease and the 45 Master Lease Leased Properties lease derive from such 60 Master Lease Leased Properties lease.
Example 3: Same assumed facts as in Example 2, except assume further that the 15 Master Lease Leased Properties lease referenced in such example was formed several months prior to the creation of the Separate Lease as the result of the division of a 60 Master Lease Leased Properties lease into two leases, the aforesaid 15 Master Lease Leased Properties lease and a 45 Master Lease Leased Properties lease.
Example 2: Assume that a lease of 15 Master Lease Leased Properties includes no properties as to which a Section 16.1(m) and/or Section 16.1(q) Event of Default has occurred and is continuing and that, on account of an Event of Default under such lease, Lessor terminates such lease as it applies to Property A, so that the remaining lease covers 14 Master Lease Leased Properties.
This Section 16.10.3.2 would not apply, and the Section 16.10.1 ----------------- Number applicable to Lease A would be determined pursuant to Section 16.10.1(c) ------------------ hereof (because Lease A would then cover 50 Master Lease Leased Properties), without any adjustment pursuant to this Section 16.10.3.2, because, although ----------------- requirements (a) and (c) above are met relative to Lease A, requirement (b) above is not met as to Lease A.
Example 1: Assume that a lease covering 50 Master Lease Leased Properties --------- is subdivided into Lease A covering 35 Master Lease Leased Properties and Lease B covering 15 Master Lease Leased Properties and that no Event of Default under Section 16.1(m) and/or Section 16.1(q) or any other provision has occurred or is --------------- --------------- continuing under either of such leases.
Example 1: Assume that a lease of 15 Master Lease Leased Properties includes Property A as to which a Section 16.1(m) Event of Default has occurred and is continuing and that, on account of an Event of Default under such lease, Lessor terminates such lease as it applies to Property A, so that the remaining lease covers 14 Master Lease Leased Properties.
Example 3: Same assumed facts as in Example 2, except assume further that --------- --------- the 15 Master Lease Leased Properties lease referenced in such example was formed several months prior to the creation of the Separate Lease as the result of the division of a 60 Master Lease Leased Properties lease into two leases, the aforesaid 15 Master Lease Leased Properties lease and a 45 Master Lease Leased Properties lease.

More Definitions of Master Lease Leased Properties

Master Lease Leased Properties. The Leased Properties under Amended and ------------------------------ Restated Master Lease Agreement No. 4 dated as of the Effective Date and entered into by Ventas Realty, Limited Partnership and Tenant, exclusive of any Leased Properties that, pursuant to Section 40.17 below, are transferred into a New ------------- Master Lease in accordance with the requirements of such Section 40.17. -------------

Master Lease Leased Properties. The properties that, as of April 27, 2007, were Leased Properties under the Second Amended and Restated Lease, except that, notwithstanding the foregoing or anything to the contrary contained in this Lease, the facilities commonly known as Kindred Nursing and Rehabilitation-Wind River, Riverton, Wyoming (Facility No. 0482), Kindred Transitional Care and Rehabilitation-Cheyenne, Cheyenne, Wyoming (Facility No. 0441) and Kindred Nursing and Rehabilitation-Rawlins, Rawlins, Wyoming (Facility No. 0481) shall not be included in the “Master Lease Leased Properties” for all purposes of this Lease.”

Master Lease Leased Properties. The Leased Properties under the Original Master Lease as of April 20, 2001.

Master Lease Leased Properties. The Leased Properties under the ------------------------------ Original Master Lease, exclusive of any Leased Properties that, pursuant to Section 40.17 below or the corresponding section of the Original Master Lease or ------------- of any New Lease derived, directly or indirectly, therefrom, are transferred into a New Master Lease in accordance with the requirements of any such Section ------- 40.17. -----

Master Lease Leased Properties contained in Section 2.1 of the Lease is hereby amended and restated in its entirety as follows: ““Master Lease Leased Properties”: The properties that, as of April 27, 2007, were Leased Properties under the Second Amended and Restated Lease, except that, notwithstanding the foregoing or anything to the contrary contained in this Lease, the facilities commonly known as Kindred Nursing and Rehabilitation-Wind River, Riverton, Wyoming (Facility No. 0482), Kindred Transitional Care and Rehabilitation-Cheyenne, Cheyenne, Wyoming (Facility No. 0441) and Kindred Nursing and Rehabilitation-Rawlins, Rawlins, Wyoming (Facility No. 0481) shall not be included in the “Master Lease Leased Properties” for all purposes of this Lease.”