Net Leases definition

Net Leases means Leases pursuant to which a Lessee thereunder is responsible for maintenance and repair of the Portfolio Railcars leased thereunder.
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Examples of Net Leases in a sentence

  • For 2020, the Company expects: •Adjusted EBITDAR range of $1.67 billion to $1.70 billion, which includes costs associated with the launch of our sports betting app;•Corporate overhead expenses of $94 million, which is net of allocations to our properties;•Cash payments to our REIT Landlords under Triple Net Leases (which continue to be fully tax deductible) in the range of $901 million to $905 million.

  • Subject to Section 9.4 hereof, the occurrence of a material default by Borrowers under any of the Operators’ Agreements or the occurrence of a default by Borrowers under any of the Triple Net Leases, which remains uncured beyond any applicable grace or cure periods.

  • Upon Closing, subject to Seller's and Target's undertakings in this Agreement, Seller's Closing Documents and the Net Leases, Buyer shall assume the risk that adverse matters, including, but not limited to, adverse physical or construction defects or adverse environmental, health or safety conditions, may not have been revealed by Buyer's inspections and investigations.

  • Buyer represents, warrants, acknowledges and agrees that upon Closing, Seller shall sell and convey to Buyer and Buyer shall accept the Property "AS IS, WHERE IS, WITH ALL FAULTS," subject to the representations, warranties and covenants set for in this Agreement, Seller's Closing Documents, the Net Leases and the Lease Guarantees.

  • No person or entity has any right to acquire or to lease either of the Properties or any part thereof, or to obtain any interest therein (other than as contemplated by this Agreement, the Net Leases and the Acquisition Agreement).

  • Net Leases of 1-10 years Four (4%) of Effective Minimum Rent (as hereinafter defined) payable for the Initial Term and the Remainder Initial Term of the Lease.

  • Triple Net Leases are Long Term with Limited Near Term Rollover F.

  • Landlord and Tenant are currently parties to Restaurant Absolutely Net Leases for Wendy’s restaurants located at (i) 3000 Xxxxx Xxxxxxx Xxxx, Xxxxxxx, Xxxxxxx; (ii) 1000 Xxxxxxxx Xxxxxx, Xxxxx, Xxxxx Xxxxxxxx; (iii) 1000 Xxxxxxxxxx Xxxx, Xxxxx Xxxxxxx, Xxxxx Xxxxxxxx; (iv) 1000 Xxxxxx Xxx, Augusta, Georgia; and (v) 3000 Xxxxxxxxxx Xxxx, Xxxxxxxx, Xxxxxxx (collectively, with the Original Lease and this Lease, the “Wendy’s Leases”).

  • The royalty shall be on a sliding scale based on the amount of Net Sales and Net Leases in a calendar year.

  • Landlord and Tenant are currently parties to Restaurant Absolutely Net Leases for Wxxxx’s restaurants located at (i) 1000 Xxxxxxx Xxxx, Xxxxx, Xxxxx Xxxxxxxx; (ii) 1000 Xxxxxxxx Xxxxxx, Xxxxx, Xxxxx Xxxxxxxx; (iii) 1000 Xxxxxxxxxx Xxxx, Xxxxx Xxxxxxx, Xxxxx Xxxxxxxx; (iv) 1000 Xxxxxx Xxx, Augusta, Georgia; and (v) 3000 Xxxxxxxxxx Xxxx, Xxxxxxxx, Xxxxxxx (collectively, with the Original Lease and this Lease, the “Wendy’s Leases”).

Related to Net Leases

  • Net Lease means a lease in which the tenant undertakes to pay all or substantially all the cash expenses, excluding debt service, related to the leased property.

  • 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.

  • 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.

  • New Leases means, collectively, any lease for space at the Property entered into between the Commencement Date and the Closing Date.

  • Leases means all present and future leases, subleases, licenses, concessions or grants or other possessory interests now or hereafter in force, whether oral or written, covering or affecting the Mortgaged Property, or any portion of the Mortgaged Property (including proprietary leases or occupancy agreements if Borrower is a cooperative housing corporation), and all modifications, extensions or renewals.

  • Master Leases refers to the four second amended and restated master lease agreements, dated as of April 27, 2007, by and among the Operating Partnership and Kindred Healthcare, Inc. and Kindred Healthcare Operating, Inc.

  • Subject Leases means, for any Asset Review, all 20[•]-[•] Leases which are 60-Day Delinquent Leases as of the end of the Collection Period immediately preceding the related Review Satisfaction Date.

  • Operating Lease Obligations means all obligations for the payment of rent for any real or personal property under leases or agreements to lease, other than Capitalized Lease Obligations.

  • 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.

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Equipment Leases shall have the meaning set forth in Section 2.1(b) hereof.

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

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

  • Finance Leases means any finance leases, to the extent the arrangement is or would have been treated as a finance or a capital lease in accordance with the Accounting Principles applicable on the First Issue Date (a lease which in the accounts of the Group is treated as an asset and a corresponding liability), and for the avoidance of doubt, any leases treated as operating leases under the Accounting Principles as applicable on the First Issue Date shall not, regardless of any subsequent changes or amendments of the Accounting Principles, be considered as a finance lease.

  • Facility Leases means agreements for the lease by the Company or any of its Subsidiaries or Joint Ventures of real estate utilized as a vehicle parking facility and/or for ancillary parking and transportation services.

  • 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.

  • Real Property Leases has the meaning set forth in Section 4.7(b).

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

  • Company Leases shall have the meaning set forth in Section 3.12(a).

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Capital Leases means, in respect of any Person, all leases which shall have been, or should have been, in accordance with GAAP, recorded as capital leases on the balance sheet of the Person liable (whether contingent or otherwise) for the payment of rent thereunder.

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • Assumed Leases has the meaning set forth in Section 2.6(b).

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Assigned Leases has the meaning specified in Section 2.01(b).