Net Lease Assets definition

Net Lease Assets means the Company's and its Subsidiaries' portfolio of direct and indirect interests in net lease assets and the Capital Stock of the Company’s Subsidiaries and other entities the majority of whose assets constitute net lease assets as of September 30, 2021.
Sample 1Sample 2Sample 3
Net Lease Assets means (i) a property that is either (a) triple net leased or (b) where a tenant leases at least 85% of the rentable square footage of the property and, in addition to base rent, the tenant is required to pay some or all of the operating expenses for the property, and, in both (a) and (b) the lease has a remaining term, exclusive of all unexercised renewal terms, of more than 18 months, (ii) management agreements and master leases with terms of greater than three years where a manager or master lessee bears all operating expenses of the property and pays the owner a fixed return, (iii) securities of companies including, without limitation, corporations, partnerships and limited liability companies, whether or not publicly traded, that are primarily invested in assets that meet the requirements of clauses (i) and (ii), and (iv) all retenanting and redevelopment associated with such properties, agreements and leases, and all activities incidental thereto.
Sample 1Sample 2
Net Lease Assets means (i) a property that is either (a) triple net leased or (b) where a tenant leases at least 85% of the rentable square footage of the property and, in addition to base rent, the tenant is required to pay
Sample 1

Examples of Net Lease Assets in a sentence

  • The Advisor shall take all reasonable steps to ensure that all of its officers, directors and managers and any persons or entities to which it subcontracts any of its services hereunder shall agree, as a condition to their acting in such capacities, to offer to Xxxxxxx any business opportunities related to Net Lease Assets that are offered to or generated by such person or entity during the term of this Agreement.

  • Xxxxxx covenants and agrees that he will not consent to any amendment or modification of the First Union Agreement to the extent such amendment or modification would relieve Xxxxxx of his obligations to offer all Business Opportunities as they relate to Net Lease Assets in accordance with the terms of the First Union Agreement without the prior written consent of the Company.

  • Xxxxxx covenants and agrees that he will not consent to any amendment or modification of the First Union Agreement to the extent such amendment or modification would relieve Xxxxxx of his obligations to offer to the Company all Business Opportunities as they relate to Net Lease Assets in accordance with the terms of the First Union Agreement without the prior written consent of the Company.

  • First Union shall have delivered to Newkirk an assignment in form axx xxxxtance reasonably acceptable to Newkirk to assign to Newkirk alx xx Xxrst Union's rixxx, xxtle and interest under the Exclusivity Agreement to Net Lease Assets.

  • Axxxxx covenants and agrees that he will not consent to any amendment or modification of the First Union Agreement to the extent such amendment or modification would relieve Axxxxx of his obligations to offer to the Company all Business Opportunities as they relate to Net Lease Assets in accordance with the terms of the First Union Agreement without the prior written consent of the Company.

  • Industrial / Lab $286m 88% Office $38m 12% Property Type Southeast $171m 53% Mid Atlantic $84m 26% West $69m 21% Geographic Region 1-5 years 40% 5-10 years 10% > 10 years 50% W.A. Remaining Lease Term Top Net Lease Assets 14 Tenant (Sorted by GBV) Property Type Location Portfolio Inv.

  • Southeast $171m 53% Mid Atlantic $84m 26% West $69m 21% Geographic Region Industrial / Lab $286m 88% Office $38m 12% Property Type 1-5 years 39% 5-10 years 10% > 10 years 51% W.A. Remaining Lease Term Top Net Lease Assets 14 Tenant (Sorted by GBV) Property Type Location Portfolio Inv.

  • Simultaneous with the closing of the IPO, the Corporation shall acquire from First Union an assignment of the exclusivity rights that First Union holds with respect to Xxxxxxx Xxxxxx pursuant to an Exclusivity Agreement between First Union and Xxxxxxx Xxxxxx (the “Exclusivity Agreement”) but solely as they relate to Net Lease Assets (the “Exclusivity Assignment”), and Xxxxxxx Xxxxxx shall consent to such Exclusivity Assignment.

  • Industrial $285m 88% Office $38m 12% Property Type Southeast $170m 53% Mid Atlantic $84m 26% West $69m 21% Geographic Region 1-5 years 40% 5-10 years 10% > 10 years 50% W.A. Remaining Lease Term Top Net Lease Assets 14 Tenant (Sorted by GBV) Property Type Location Portfolio Inv.

  • Xxxxxxx Xxxxxx shall confirm to the Corporation that the Exclusivity Assignment together with the Advisory Agreement includes any opportunities relating to Net Lease Assets (other than assets then owned by First Union or Winthrop Financial Associates) that are generated by him or offered to him in any capacity.

Related to Net Lease Assets

  • Taxable Property means all Assessor’s Parcels which are not Exempt Property.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Undepreciated Real Estate Assets as of any date means the cost (original cost plus capital improvements) of real estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization, determined on a consolidated basis in accordance with GAAP.

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.