New Leased Real Property definition
New Leased Real Property has the meaning set forth in Section 5.1(d).
New Leased Real Property means real property and any Improvements thereon leased by a Real Estate Holder pursuant to any Prime Lease entered into after the Closing Date.
New Leased Real Property means any real property leased by IHOP Property Leasing or IHOP Properties, as applicable, from a third-party Property Lessor in respect of which the lease was entered into after the Closing Date.
Examples of New Leased Real Property in a sentence
Neither the Securitization Entity holding such New Leased Real Property, nor, to the knowledge of the Servicer, any Franchisee leasing or subleasing such Property from a Securitization Entity, is in material default or violation of any order, writ, injunction, decree or demand of any Governmental Authority in respect of such Property.
More Definitions of New Leased Real Property
New Leased Real Property means any real property leased by the Restaurant Holders from a third-party property lessor in respect of which the lease was entered into after the Closing Date (including any Company-Owned Real Property which was subsequently sold to and leased back from third parties, but excluding, however, any asset that is acquired by any of the Securitization Entities after the Closing Date pursuant to an Asset Contribution Agreement).