Material Leased Properties definition

Material Leased Properties means all Land leased by the Companies as tenants from time to time which if terminated would result, or would reasonably be expected to result, in an Event of Default or Material Adverse Change, specifically including as at the date of this Agreement the Land described in Schedule 4.01(l) attached hereto.

Material Leased Properties means all Real Property leased by the Secured Companies as tenants from time to time which the Required Lenders acting reasonably consider to be material, specifically including as at the date of this Agreement the leased Real Property described in Schedule 6.01(k) attached hereto, but excluding Real Property leased solely for office purposes.

Material Leased Properties means all Land leased by the Companies as tenants from time to time which if terminated would result, or would have a reasonable likelihood of resulting, in an Event of Default or Material Adverse Change, specifically including as at the date of this Agreement the Land described in Schedule 6.01(k) attached hereto.

Examples of Material Leased Properties in a sentence

• As of the Sixth Amendment Effective Date, Schedule 6.10(b) contains a true, accurate and complete list of all Real Estate Assets and Material Leased Properties of the Credit Parties.

• Schedule 6.01(k) attached hereto contains a true and complete list of all Material Leased Properties as at the Amendment Closing Date including in respect of each applicable lease the names of the parties, the municipal address and legal description of the Material Leased Property, the rent payable under the lease, the term of the lease and all renewal options, and the existence of any purchase option or right of first refusal in respect of the purchase of the Material Leased Property.

• The Companies do not lease any Material Leased Properties other than the Material Leased Properties listed in Schedule 4.01(l).

• There are no Material Leased Properties other than: (i) as at the Amendment Closing Date, those listed in Schedule 6.01(k) attached hereto; and (ii) after the Amendment Closing Date, additional Material Leased Properties (if any) in respect of which all Security has been provided in favour of the Agent as required pursuant to section 8.01 herein.

• As of the Closing Date, other than the Longitudinal Lease Agreement and the Northern Pipeline Real Property Interests, there are no Material Leased Properties.

• The property subject to the Mortgage comprises all of the real property owned by the Loan Parties and any of their Subsidiaries or Affiliates and all of the Material Leased Properties.

• The Company shall provide reasonable cooperation to Parent in connection with Parent's efforts to obtain for the benefit of Parent surveys of and title policies for the Company Owned Properties and any Material Leased Properties as Parent may elect (provided that any cost or expense associated with such surveys and/or title insurance policies shall be borne by Parent).

• Prior to the Closing Date, Sellers, at their sole cost and expense, shall deliver to Buyer preliminary title commitments ("Title Commitments"), and documents of record for the Owned Real Property and the Leased Properties described on Exhibit 2.16(c) attached hereto and made a part hereof ("Material Leased Properties").

• Schedule 8.01(k) attached hereto contains a true and complete list of all Material Leased Properties and the Leases and other agreements relating thereto, including, the names of the parties; the address of the Material Leased Property; the rent and other amounts payable under the Material Lease; the term of the Material Lease and all renewal options, and the existence of any purchase option or right of first refusal in respect of the purchase of the Material Leased Property.

• If such damage does occur to the Operating Assets, the Dealership Properties, or the Material Leased Properties (such affected Operating Assets or Dealership Properties, the “Damaged Property”), then the Sellers shall repair same and restore the Damaged Property to its former condition at their sole expense, and the Closing Date may be extended up to 60 days to permit time for such repairs.

More Definitions of Material Leased Properties

Material Leased Properties means those Leased Properties listed in Schedule 6.01(l) attached hereto under the heading "Material Leased Properties";

Material Leased Properties means all Land leased by the Secured Companies as tenants from time to time which the Required Lenders acting reasonably consider to be material, specifically including as at the date of this Agreement the leased Land described in Schedule 6.01(k) attached hereto, but excluding Land leased solely for office purposes and excluding any individual parcel of leased Land in respect of which the annual gross rent is less than Two Million Dollars ($2,000,000).

Material Leased Properties means all real properties leased pursuant to the Material Leases.

Material Leased Properties means the leases identified on Schedule 4.01.

Material Leased Properties shall have the meaning set forth in Section 4.6(b) (Property).