Material Real Property Leases definition

Material Real Property Leases has the meaning specified in Section 5.18.

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Material Real Property Leases means each Real Property Lease (i) for a distribution center, (ii) for the top 25 stores based on 2016 net revenue or (iii) requiring an annual payment in excess of $2,500,000.

Material Real Property Leases is defined in Section 4.15(b).

Examples of Material Real Property Leases in a sentence

Each of the Material Real Property Leases relating to the Leased Real Property is valid, binding and enforceable in accordance with its terms and is in full force and effect.
The Company or one of the Company Subsidiaries, as the case may be, has the full right to exercise any Options contained in the Material Real Property Leases on the terms and conditions contained therein and, to the Company’s Knowledge, upon due exercise would be entitled to enjoy the full benefit of such Options with respect thereto.
Neither the Company nor any Company Subsidiary has leased or subleased any parcel or any portion of any parcel of any Material Real Property Leases to any other Person and no other Person has any rights to the use, occupancy or enjoyment thereof pursuant to any Material Real Property Leases, nor has the Company or any Company Subsidiary assigned its interest under any Material Real Property Leases to any Third Party.
All such Material Real Property Leases are in full force and effect, are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing default or event of default (or event which with notice or lapse of time, or both, would constitute a default) that would give rise to a claim in an amount greater than $100,000.
The Company has made available to Parent materially true, correct and complete copies of such Material Real Property Leases on or prior to the date hereof.

More Definitions of Material Real Property Leases

Material Real Property Leases means real property leases which pursuant to the terms thereof require an annual minimum rent payment in excess of $200,000.

Material Real Property Leases means real property leases which, pursuant to the terms thereof, require an annual minimum rent payment in excess of $200,000.

Material Real Property Leases. Section 4.10(a)(xi)

Material Real Property Leases means Real Property Leases requiring an annual payment in excess of $1,000,000.

Material Real Property Leases shall have the meaning given such term in Section 4.12(a).

Material Real Property Leases. Article 3.3 para a "Date of Transfer" Article

Material Real Property Leases means those real property leases included in the Assets having an annual rent/cost/fee to the Millennium Inorganic Companies in excess of $500,000.