New Operating Lease definition

New Operating Lease has the meaning set forth in Section 7.6(b).
New Operating Lease means that certain lease to be entered into at Closing between New Propco and Opco in the form set forth in Exhibit B hereto (as the same may be modified pursuant to Section 6.16, if applicable).
New Operating Lease shall have the meaning set forth in the Recitals.

Examples of New Operating Lease in a sentence

  • The New Operating Lease, duly executed by the appropriate wholly-owned subsidiary of each of Owner JV and Lessee JV.

  • The New Operating Lease SNDA shall have been entered into by Existing Propco Mortgage Lender (if the Existing Financing held by such Existing Propco Mortgage Lender will remain in effect after the Closing) or New Propco Lender (if New Propco is obtaining New Propco Debt Financing), as applicable, or Existing Propco Mortgage Lender or New Propco Lender, as applicable, shall be ready, willing and able to enter into the New Operating Lease SNDA as of the Closing should Closing occur.

  • All terms used in this Section 6.16 but not otherwise defined in this Agreement shall have the respective meanings ascribed thereto in the form of New Operating Lease attached hereto as Exhibit B.

  • Notwithstanding anything to the contrary contained herein, Lender may consent to the termination of the Operating Lease and substitution of a new operating lease or if applicable a management agreement entered into pursuant to the formation of the taxable REIT subsidiary (the "New Operating Lease") in its sole discretion.

  • The New Operating Lease shall have been entered into by New Propco or New Propco shall be ready, willing and able to enter into the New Operating Lease as of the Closing should Closing occur.

  • New Operating Lease Framework Agreement (1) Background Reference is made to the announcement of the Company dated 14 May 2019 in relation to, among others, the non-exempt continuing connected transactions and the annual cap amounts under the Operating Lease Framework Agreement entered into between the Company and CDB.

  • If and only if the MTA shall have been terminated or is otherwise of no further force and effect at the time of the Closing, Buyer shall have received duly executed copies from Propco of the agreements identified in the New Operating Lease Execution Agreement (Propco) to be delivered by Propco at Closing including the “New Operating Lease” as such term is defined in the New Operating Lease Execution Agreement (Propco).

  • The Closing Balance Sheet and the Final Closing Statement will be based exclusively on the facts and circumstances as they exist as of the Closing Date and shall exclude the effects of any event, act, change in circumstances or similar development arising or occurring on or after the Closing Date, including entry into the New Operating Lease Documents.

  • The initial term of the EQI II New Operating Lease shall expire no earlier than the Optional Prepayment Date (as defined in the EQI II Note), and the initial term of the EQI V New Operating Lease shall expire no earlier than the Anticipated Payment Date (as defined in the EQI V Loan Agreement).

  • As the Operating Lease Framework Agreement and its respective annual caps will expire on 31 December 2021, the Company will carry on the transactions under the above Operating Lease Framework Agreement after 31 December 2021 and CDB and/or its associates will also provide property leasing services to the Group, the Company entered into the New Operating Lease Framework Agreement with CDB on 12 November 2021 (after trading hours).


More Definitions of New Operating Lease

New Operating Lease means (i) if and only if the closing of the MTA shall have occurred prior to the time of the Closing, the “New Operating Lease” as such term is defined in the New Operating Lease Execution Agreement (VICI), or (ii) if and only if the MTA shall have been terminated or is otherwise of no further force and effect at the time of the Closing, the “New Operating Lease” as such term is defined in the New Operating Lease Execution Agreement (Propco).

Related to New Operating Lease

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • 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.

  • 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.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • 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.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • 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.

  • Master Lease This Schedule is issued pursuant to the Lease identified on page 1 of this Schedule. All of the terms and conditions of the Lease are incorporated in and made a part of this Schedule as if they were expressly set forth in this Schedule. The parties hereby reaffirm all of the terms and conditions of the Lease (including, without limitation, the representations and warranties set forth in Section 8) except as modified herein by this Schedule. This Schedule may not be amended or rescinded except by a writing signed by both parties. CHEMDEX CORPORATION COMDISCO, INC. AS LESSEE AS LESSOR By: /s/ Xxxxx X. Xxxxx By: /s/ Xxxx X. Xxxxxx ------------------- --------------------- Title: CEO Title: SR VP ----------------- ------------------- Date: Date: ----------------- ------------------- EXHIBIT 1 SUMMARY EQUIPMENT SCHEDULE -------------------------- This Summary Equipment Schedule dated XXXX is executed pursuant to Equipment Schedule No. X to the Master Lease Agreement dated XXXX between Comdisco, Inc. ("Lessor") and XXXX ("Lessee"). All of the terms, conditions, representations and warranties of the Master Lease Agreement and Equipment Schedule No. X are incorporated herein and made a part hereof, and this Summary Equipment Schedule constitutes a Schedule for the Equipment on the attached invoices.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • 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.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • 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.

  • Sublease Agreement means that certain Sublease Agreement, dated as of May 1, 2021 by and between the Company and the Agency.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • Base Lease means the Base Lease Agreement delivered concurrently with this Lease between the Company and the Issuer.

  • Ground Lessee means the Owner Lessor as lessee of the Ground Interest under the Facility Site Lease.

  • Facility Lease means a lease or master lease with respect to any Real Property Asset owned or ground leased by any of the Consolidated Parties as lessor, to a third party Tenant, which, in the reasonable judgment of the Administrative Agent, is a triple net lease such that such Tenant is required to pay all taxes, utilities, insurance, maintenance, casualty insurance payments and other expenses with respect to the subject Real Property Asset (whether in the form of reimbursements or additional rent) in addition to the base rental payments required thereunder such that net operating income to the applicable Consolidated Party for such Real Property Asset (before non-cash items) equals the base rent paid thereunder; provided, that each such lease or master lease shall be in form and substance reasonably satisfactory to the Administrative Agent.

  • 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.

  • Occupancy Agreement means a written agreement entered into between an assisted living program and a tenant that clearly describes the rights and responsibilities of the assisted living program and a tenant, and other information required by rule. “Occupancy agreement” may include a separate signed lease and signed service agreement.

  • Approved Lease has the meaning set forth in Section 6.11(a).

  • 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.