New Lease definition
New Lease. Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.
New Lease. Any lease of REO Property entered into on behalf of the Trust Fund, including any lease renewed or extended on behalf of the Trust Fund, if the Trust Fund has the right to renegotiate the terms of such lease.
New Lease. Any lease of an Administered REO Property entered into at the direction of the applicable Special Servicer, including any lease renewed, modified or extended on behalf of the Trust if the applicable Special Servicer has the power to renegotiate the terms of such lease.
Examples of New Lease in a sentence
On the Closing Date, the Obligors shall have no obligation to deposit funds into the Qualified New Lease Reserve Sub-Account.
On the Closing Date, the Obligors shall deposit into the Qualified New Lease Reserve Sub-Account an amount equal to $2,680,480.
More Definitions of New Lease
New Lease means any lease of any REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.
New Lease. Any lease with respect to the Foreclosed Property entered into at the direction of the Special Servicer on behalf of the Trust, including any lease renewed, modified or extended on behalf of the Trust, if the Trust has the right to renegotiate the terms of such lease.
New Lease. As defined in Section 17.1(f).
New Lease shall have the meaning assigned thereto in Section 3.3(d).
New Lease shall have the meaning set forth in Section 8.8.1.
New Lease has the meaning set forth in Section 23.9(a).
New Lease. As defined in Section 40.15.