Material Leased Real Property definition

Material Leased Real Property has the meaning specified in Section 4.17(b).
Material Leased Real Property has the meaning set forth in Section 3.11(b).
Material Leased Real Property means any Mine or other real property, in each case, subject to a lease with a Loan Party, as lessee, with annual minimum royalties, rents or any similar payment obligations, in excess of $500,000 in the most recently ended fiscal year.

Examples of Material Leased Real Property in a sentence

  • As of the Effective Date, Part 1 of Schedule 3.07(a) hereto lists all Material Leased Real Property and Part 2 of Schedule 3.07(a) hereto lists all Material Owned Real Property.


More Definitions of Material Leased Real Property

Material Leased Real Property means any Leased Property that is leased by Target at an annual rent in excess of twelve thousand ($12,000).
Material Leased Real Property means any real property leased by a Loan Party that is (a) either listed on Schedule 1.01(a)(ii) or is material (as reasonably determined by the Borrower and the Administrative Agent) to the operations of the Borrower and its Subsidiaries and (b) owned by a Person other than a Loan Party.
Material Leased Real Property means real property leased by any Loan Party having a fair market value reasonably estimated by a Responsible Officer of the Borrower to be in excess of $5,000,000.
Material Leased Real Property means each of the leased Real Properties of the Loan Parties specified on Schedule 3.20(b) and on any date of determination, any leased Wood Pellet Production Facility or Port Facility and any other Real Property, or group of related tracts of Real Property, leased (whether in a single transaction or in a series of transactions) by any Loan Party, in each case where the fair market value of such lease (including the fair market value of improvements owned by such Person and located thereon) on such date of determination exceeds $10,000,000.
Material Leased Real Property has the meaning set forth in §7(a) below.
Material Leased Real Property shall have the meaning assigned to such term in Section 5.10(b).
Material Leased Real Property means: (i) as of the Issue Date, all Real Property subject to a Real Property Lease under which the Parent Guarantor, the Issuer or any Note Guarantor is the lessee or tenant and (ii) any other Real Property subject to a Real Property Lease that the Parent Guarantor, the Issuer or any Note Guarantor enters into or acquires after the Issue Date as the lessee or tenant thereunder for the purpose of mining or conducting mining operations on such leased Real Property (including, without limitation, extraction of coal and other minerals and the processing and transport thereof) in respect of which the coal royalties payable under such Real Property Lease are or would reasonably be expected to be equal to or greater than $1.5 million (or the U.S. Dollar Equivalent thereof), in the aggregate during the period from date of execution of such Real Property Lease to the Stated Maturity of the Notes, as determined by the Issuer on the date of execution of such Real Property Lease in its reasonable judgment.