Master Lease Obligations definition

Master Lease Obligations means, as of any date of determination, the sum of all remaining obligations of the Consolidated Group, determined on a consolidated basis, to pay rent under all Exchange Property Master Leases, which such obligations shall be determined with respect to each Exchange Property Master Lease (a) commencing on the date of the first sale of an Exchange Beneficial Interest in the applicable Exchange Property Owner to an Exchange Property Investor and (b) ending on (i) if the expiration of the FMV Option with respect to the Exchange Property that is the subject of such Exchange Property Master Lease is not yet known, the date that is five years after the date of the commencement of the applicable Exchange Property Master Lease with respect to such Exchange Property, or (ii) if the expiration of the FMV Option with respect to the Exchange Property that is the subject of such Exchange Property Master Lease is known, the date of the expiration of the applicable FMV Option with respect to such Exchange Property.
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Master Lease Obligations means and refer to, collectively, the obligations of CC[US] and DLC under the Master Lease Documents.
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Master Lease Obligations means, as of any date of determination, the sum of all remaining obligations of the Consolidated Group, determined on a consolidated basis, to pay rent under all Exchange Property Master Leases, which such obligations shall be determined with respect to each Exchange Property Master Lease (a) commencing on the date of the first sale of an Exchange Beneficial Interest in the applicable Exchange Property Owner to an Exchange Property Investor and (b) ending on (i) if the expiration of the FMV Option with respect to the Exchange Property that is the subject of such Exchange Property Master Lease is not yet known, the date that is five (5) years after the date of the commencement of the applicable Exchange Property Master Lease with respect to such Exchange Property, or (ii) if the expiration of the FMV Option with respect to the Exchange Property that is the subject of such Exchange Property Master Lease is known, the date of the expiration of the applicable FMV Option with respect to such Exchange Property. “TIC Owners” has the meaning specified in the definition of “Exchange Property Investor”. c. Section 5.02 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 5.02
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Examples of Master Lease Obligations in a sentence

  • The Omega Master Lease Obligations are secured by second priority liens on property subject to the New Ark Liens and first priority on the other property set forth in the Omega Master Lease and related documents in favor of the Omega Landlords (the “ Prepetition Omega Liens”) encumbering the applicable Debtors’ cash, accounts, and other assets(collectively, the “Omega Master Lease Collateral”).

  • Future minimum lease payments under the College’s obligation to the OCIA are as follows: Oklahoma Development Finance Authority Master Lease Obligations In December 2006, the College entered into a 15-year lease agreement with the Oklahoma Development Finance Authority (ODFA) and the State Regents as beneficiary of a portion of the proceeds from the Oklahoma Development Finance Authority State Regents for Higher Education Real Property Master Lease Revenue Bonds, Series 2006A.

  • The Omega Master Lease Obligations are secured by second priority liens in favor of the Omega Landlords (the “ Prepetition Omega Liens”) encumbering the applicable Debtors’ cash, accounts, and other assets (collectively, the “Omega Master Lease Collateral”).

  • Bonds Master Lease Obligations The General Obligation Bonds are direct obligations of the City, which pledged its full faith and credit upon issuance.

  • The table below summarizes these amounts by type.Outstanding DebtYear Ended June 30 2008 2007 OCIA 1999 Capital Lease Obligations$ 73,933$ 134,917OCIA 2005 Capital Lease Obligations5,220,2995,580,184ODFA 2007 Master Lease Obligations 161,750 - $ 5,455,982$ 5,715,101 The Oklahoma Capital Bond Authority (OCIA) 1999 capital lease obligations provide that the College is to make specified monthly payments to OCIA over 10 years.


More Definitions of Master Lease Obligations

Master Lease Obligations means all charges, amounts, costs, and obligations of whatever nature owing pursuant to or secured by the Master Lease Documents, including all “Rent” and “Impositions” under and as defined in the Master Lease Documents and any other amounts identified as “Master Lease Obligations” in the Orders.
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Master Lease Obligations means and refer to, collectively, the obligations of CC[US] and DLC under the Master Lease Documents. "Mortgage" shall mean and refer to that certain Mortgage and Security Agreement and Fixture Filing executed and delivered by CNP on August 11, 1992 in favor of Omega to secure the Mortgage Loan and recorded as an encumbrance against the Mortgaged Facilities in each of DeSoto, Xxxxxx and Lake County, Florida, and any modifications, renewals and extensions thereof or thereto. "Mortgage Loan" shall mean and refer to that certain mortgage loan in the original principal amount of $7,031,250.00 made by Omega to CNP and evidenced and secured by the Loan Documents, and any renewals or extensions thereof. "Mortgage Note" shall mean and refer to that certain Mortgage Note in the original principal amount of Seven Million Thirty-One Thousand Two Hundred Fifty and No/100 Dollars ($7,031,250.00) dated as of August 14, 1992 made by CNP and payable to Omega, as amended and restated by that certain Amended and Restated Mortgage Note dated as of August 14, 1993, and any modifications, extensions and renewals thereof or thereto. 9 <PAGE> "Mortgaged Facility" or "Mortgaged Facilities" shall mean and refer to, individually or collectively, as the case may be, the nursing home or adult care facilities owned by CNP and located in the counties of DeSoto, Xxxxxx and Lake, respectively, in the State of Florida that are the subject of the Florida Lease and the Mortgage Loan. ARTICLE 2
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Master Lease Obligations means all indebtedness and obligations of Lessee to Omega, individually or with others, and to Omega-Kansas, individually or with others, and whether now existing or hereafter incurred, including but not limited to Lessee's obligations to Omega and Omega-Kansas under the Master Leases. The Senior Obligations include, but shall not be limited to, all rent payments, additional rent, expenses, principal payments, interest, fees, and other charges due Omega and Omega-Kansas from Lessee and every subsequent amendment, extension or renewal, of the Master Leases in whole or in part, all Master Lease Obligations from time to time after the commencement of any Proceeding, whether or not such Master Lease Obligations are allowable as a claim in such Proceeding, and all Master Lease Obligations made after the commencement of a Proceeding.
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Master Lease Obligations. Collectively, the Lease Obligations as defined under the Master Lease. Meditrust Closing Certification. As defined in Section 5 of this Agreement.
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Related to Master Lease Obligations

  • Operating Lease Obligations means all obligations for the payment of rent for any real or personal property under leases or agreements to lease, other than Capitalized Lease Obligations.

  • Capital Lease Obligations of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

  • Lease Obligations of a Person means for any period the rental commitments of such Person for such period under leases for real and/or personal property (net of rent from subleases thereof, but including taxes, insurance, maintenance and similar expenses which such Person, as the lessee, is obligated to pay under the terms of said leases, except to the extent that such taxes, insurance, maintenance and similar expenses are payable by sublessees), including rental commitments under Capital Leases.

  • Financing Lease Obligation means, as applied to any Person, an obligation that is required to be accounted for as a financing or capital lease (and, for the avoidance of doubt, not a straight-line or operating lease) on both the balance sheet and income statement for financial reporting purposes in accordance with GAAP. At the time any determination thereof is to be made, the amount of the liability in respect of a financing or capital lease would be the amount required to be reflected as a liability on such balance sheet (excluding the footnotes thereto) in accordance with GAAP.

  • Finance Lease Obligations means, at the time any determination thereof is to be made, the amount of the liability in respect of a Finance Lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) prepared in accordance with GAAP; provided that Finance Lease Obligations shall, for the avoidance of doubt, exclude all Non-Finance Lease Obligations.

  • Capitalized Lease Obligations of a Person means the amount of the obligations of such Person under Capitalized Leases which would be shown as a liability on a balance sheet of such Person prepared in accordance with Agreement Accounting Principles.

  • Synthetic Lease Obligations means, as to any person, an amount equal to the capitalized amount of the remaining lease payments under any Synthetic Lease that would appear on a balance sheet of such person in accordance with GAAP if such obligations were accounted for as Capital Lease Obligations.

  • Capital Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized on a balance sheet in accordance with GAAP.

  • Synthetic Lease Obligation means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment).

  • Capitalized Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) in accordance with GAAP.

  • Finance Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a finance lease that would at such time be required to be capitalized and reflected as a finance lease on a balance sheet (excluding the footnotes thereto) in accordance with GAAP.

  • Non-Financing Lease Obligation means a lease obligation that is not required to be accounted for as a financing or capital lease on both the balance sheet and the income statement for financial reporting purposes in accordance with GAAP. For the avoidance of doubt, a straight-line or operating lease shall be considered a Non-Financing Lease Obligation.

  • Capitalized Lease Liabilities means all monetary obligations of the Borrower or any of its Subsidiaries under any leasing or similar arrangement which, in accordance with GAAP, would be classified as capitalized leases, and, for purposes of this Agreement and each other Loan Document, the amount of such obligations shall be the capitalized amount thereof, determined in accordance with GAAP, and the stated maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be terminated by the lessee without payment of a penalty.

  • Capital Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which, in accordance with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person and the amount of such obligation shall be the capitalized amount thereof determined in accordance with GAAP.

  • Recourse Obligations has the meaning set forth in Section 2.1.

  • Capitalized Leases means all leases that have been or should be, in accordance with GAAP, recorded as capitalized leases.

  • Synthetic Leases means, in respect of any Person, all leases which shall have been, or should have been, in accordance with GAAP, treated as operating leases on the financial statements of the Person liable (whether contingently or otherwise) for the payment of rent thereunder and which were properly treated as indebtedness for borrowed money for purposes of U.S. federal income taxes, if the lessee in respect thereof is obligated to either purchase for an amount in excess of, or pay upon early termination an amount in excess of, 80% of the residual value of the Property subject to such operating lease upon expiration or early termination of such lease.

  • Capitalized Lease of a Person means any lease of Property by such Person as lessee which would be capitalized on a balance sheet of such Person prepared in accordance with Agreement Accounting Principles.

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • Capital Leases means, in respect of any Person, all leases which shall have been, or should have been, in accordance with GAAP, recorded as capital leases on the balance sheet of the Person liable (whether contingent or otherwise) for the payment of rent thereunder.

  • Synthetic Lease means, at any time, any lease (including leases that may be terminated by the lessee at any time) of any property (a) that is accounted for as an operating lease under GAAP and (b) in respect of which the lessee retains or obtains ownership of the property so leased for U.S. federal income tax purposes, other than any such lease under which such Person is the lessor.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Repurchase Obligations shall have the meaning specified in Section 7(b).

  • Guaranty Obligations means, with respect to any Person, without duplication, any obligations of such Person (other than endorsements in the ordinary course of business of negotiable instruments for deposit or collection) guaranteeing or intended to guarantee any Indebtedness of any other Person in any manner, whether direct or indirect, and including without limitation any obligation, whether or not contingent, (a) to purchase any such Indebtedness or any property constituting security therefor, (b) to advance or provide funds or other support for the payment or purchase of any such Indebtedness or to maintain working capital, solvency or other balance sheet condition of such other Person (including without limitation keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements) for the benefit of any holder of Indebtedness of such other Person, (c) to lease or purchase property, securities or services primarily for the purpose of assuring the holder of such Indebtedness, or (d) to otherwise assure or hold harmless the holder of such Indebtedness against loss in respect thereof. The amount of any Guaranty Obligation hereunder shall (subject to any limitations set forth therein) be deemed to be an amount equal to the outstanding principal amount (or maximum principal amount, if larger) of the Indebtedness in respect of which such Guaranty Obligation is made.

  • Master Leases refers to the four second amended and restated master lease agreements, dated as of April 27, 2007, by and among the Operating Partnership and Kindred Healthcare, Inc. and Kindred Healthcare Operating, Inc.

  • Facility Leases means agreements for the lease by the Company or any of its Subsidiaries or Joint Ventures of real estate utilized as a vehicle parking facility and/or for ancillary parking and transportation services.