Material Lease Amendment definition

Material Lease Amendment means any of the following:
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Material Lease Amendment means any of the following: (a) a waiver of any Xxxxx 0 Xxxxxx Xxxxxxx or a waiver of any other Tenant Event of Default that remains uncured more than ninety (90) days after the occurrence of such Tenant Event of Default, (b) a reduction in Base Rent, Minimum Rent, or Variable Rent, (c) a material increase in Landlord’s obligations under the Lease, (d) a direction to Tenant to pay Base Rent to any location other than the Account referenced in Section 5.2 of the Current Lease, (e) a material reduction to Tenant’s obligations to (i) maintain insurance as required by Article XIV of the Lease, (ii) pay Taxes and Impositions as required by Article VI of the Lease, or (iii) maintain the Leased Property as required by Section 7.1 of the Lease, (f) a material modification of Tenant’s obligation to pay Casualty Proceeds or Taking Proceeds to Landlord or Secured Party as and to the extent required by Articles XV and XVI of the Lease, (g) a change to the definition of the terms Permitted Lease Assignment or Permitted Tenant Transferee which would expand Tenant’s right to make Lease Assignments without Landlord’s consent, (h) a reduction of the Lease Term except in connection with Tenant’s election or deemed election not to extend for a Renewal Term or in connection with a termination of the Lease pursuant to and as provided in the Lease, (i) any material limitation of the terms Permitted Sale or Permitted Landlord Liens or Permitted Equity Transfer, (j) a material reduction of or limitation to the Tenant Environmental Liabilities or Tenant’s indemnification obligations under Section 21.1 of the Lease, (k) a termination of the Lease except pursuant to its terms, which permitted termination provisions include, without limitation, Tenant’s election or deemed election not to extend for a Renewal Term or in connection with a termination of the Lease pursuant to and as provided in the Lease (including, without limitation, Tenant Purchase Offer Rights and Tenant First Refusal Rights), (l) a change to the definition of any of the terms Disqualified Person, Beneficial Owners, Competitor or Adverse Party which would have the effect of expanding the universe of “Persons” that could be included within any such term, (m) a modification of Section 17.4 of the Lease that expands the conditions under which the Tenant or the Tenant Guarantor can be released from its obligations under the Lease or the Tenant Guaranty, respectively, or (n) a modification of the Landlord Events of Defau...
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Material Lease Amendment means a “Material Lease Amendment” as defined in the SNDA.
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Examples of Material Lease Amendment in a sentence

  • Secured Party acknowledges and agrees that neither Secured Party’s nor any Lender’s consent shall be required for any amendment or other modification of the Lease other than a Material Lease Amendment.

  • Any Lease or any Material Lease Amendment, termination, assignment or other transfer of any Lease entered into without the express written consent of Beneficiary shall be null and void.

  • In addition, the Borrower shall provide written notice to the Agent within three (3) Business Days of any amendment of, or waiver or consent under, any Lease which does not constitute a Material Lease Amendment.


More Definitions of Material Lease Amendment

Material Lease Amendment as defined in the SNDA. Maturity Date. December 31, 2015, or if the Maturity Date is extended pursuant to §3.1(c), December 30, 2016, or such earlier date on which the Loans shall become due and payable pursuant to the terms hereof. Moody’s. Xxxxx’x Investors Service, Inc.
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Related to Material Lease Amendment

  • Material Lease has the meaning set forth in Section 3.17(a).

  • Material Leases has the meaning set forth in Section 4.21.

  • Material Leasehold Property means a Leasehold Property reasonably determined by Administrative Agent to be of material value as Collateral or of material importance to the operations of Company or any of its Subsidiaries.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Material Leased Real Property has the meaning set forth in Section 2.14.

  • special lease means a special lease or license to be granted in terms of this Agreement under the Ratifying Act the Land Act or the Xxxxxxx Xxx 0000 and includes any renewal thereof; “this Agreement” “hereof” and “hereunder” include this Agreement as from time to time added to varied or amended;

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Mortgage Amendment means an amendment to an Existing Mortgage or an amendment and restatement of an Existing Mortgage, in each case in form and substance reasonably acceptable to the Collateral Agent.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Space Leases means any and all leases, subleases, lettings, licenses, concessions, operating agreements, management agreements, and all other agreements affecting the Trust Estate that Trustor has entered into, taken by assignment, taken subject to, or assumed, or has otherwise become bound by, now or in the future, that give any person the right to conduct its business on, or otherwise use, operate or occupy, all or any portion of the Site or Improvements and any leases, agreements or arrangements permitting anyone to enter upon or use any of the Trust Estate to extract or remove natural resources of any kind, together with all amendments, extensions, and renewals of the foregoing entered into in compliance with this Deed of Trust, together with all rental, occupancy, service, maintenance or any other similar agreements pertaining to use or occupation of, or the rendering of services at the Site, the Improvements or any part thereof.

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • 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.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • Landlord Consent and Estoppel means, with respect to any Leasehold Property, a letter, certificate or other instrument in writing from the lessor under the related lease, pursuant to which, among other things, the landlord consents to the granting of a Mortgage on such Leasehold Property by the Credit Party tenant, such Landlord Consent and Estoppel to be in form and substance acceptable to Collateral Agent in its reasonable discretion, but in any event sufficient for Collateral Agent to obtain a Title Policy with respect to such Mortgage.

  • Property Lease means any Depot Lease, any lease in respect of a Managed Station Area, any lease in respect of Shared Facilities or any Station Lease and any agreement or lease of a similar or equivalent nature (whether in respect of any such facility or otherwise) which the Franchisee may enter into with a person who has an interest in a network or a railway facility which is to be used for or in connection with the provision or operation of the Franchise Services;

  • Real Property Leases means the leases, subleases, licenses or other agreements, including all amendments, extensions, renewals, guaranties or other agreements with respect thereto, under which the Company or any of its Subsidiaries uses or occupies or has the right to use or occupy any real property.

  • Estoppel Letter A document executed by the Cooperative Corporation certifying, with respect to a Cooperative Unit, (i) the appurtenant Proprietary Lease will be in full force and effect as of the date of issuance thereof, (ii) the related stock certificate was registered in the Mortgagor's name and the Cooperative Corporation has not been notified of any lien upon, pledge of, levy of execution on or disposition of such stock certificate, and (iii) the Mortgagor is not in default under the appurtenant Proprietary Lease and all charges due the Cooperative Corporation have been paid.

  • Approved Lease has the meaning set forth in Section 6.11(a).