New Operating Lessee definition

New Operating Lessee has the meaning set forth in Section 7.6(b).
Sample 1Sample 2Sample 3
New Operating Lessee. Shall have the meaning given to it in Article XVIII.
Sample 1Sample 2
New Operating Lessee is defined in Section 7.4(b) hereof.
Sample 1

Examples of New Operating Lessee in a sentence

  • To the extent that Owner or New Operating Lessee receives rents or other payments payable under the Space Leases on or after the Closing Date, such payments shall be applied first towards the payment in full of all rents currently due with respect to periods following the Cut-off Time, with the balance applied to delinquent rents or other amounts due for the benefit of Seller for the period prior to the Cut-off Time.

  • At the Closing, Owner and New Operating Lessee shall retain all Cash-On-Hand and Account Cash such that after the Closing and Restructuring the Purchaser will receive the economic benefit of the Purchaser Prorata Share thereof.

  • The foregoing assumption by New Operating Lessee is absolute and unconditional.

  • Each of New Borrower and New Operating Lessee hereby agrees to use its best efforts to obtain confirmation of its qualification to do business in Arizona as soon as possible after the Effective Date and, upon receipt of such confirmation, to deliver to Lender a certificate from the Secretary of State of Arizona evidencing such party’s qualification to do business in Arizona.

  • New Borrower and, as applicable, New Operating Lessee, shall henceforth be deemed to be the “Mortgagor,” “Assignor,” “Trustor,” “Grantor,” “Indemnitor” and/or “Borrower” under each of the Loan Documents.

  • Bonjour Facsimile: (000) 000-0000 New Operating Lessee: XXXXXX/SHR FPH, LLC c/o Strategic Hotels & Resorts 000 X.

  • New Operating Lessee: XXXXXX/SHR FPH, LLC, a Delaware limited liability company By: Name: Xxxxxx X.

  • New Borrower and New Operating Lessee acknowledge that in consummation of this assumption, New Borrower and New Operating Lessee have not relied on any representations by Lender regarding the Property, the title thereto or any other matter.

  • Borrower shall cause to be executed and delivered, on the date of this Agreement, a deed conveying the Additional Parcel to New Borrower and shall cause New Borrower and New Operating Lessee to execute and deliver to Lender a Modification and Spreader Agreement whereby the lien of the Security Instrument is spread to encumber the Additional Parcel.

  • Xxxxxxx, Suite 1700 Chicago, Illinois 60606 Attn: Xxxxx Xxxxxx Facsimile: (000) 000-0000 With a copy of any notice to New Operating Lessee to: Xxxxxxx Coie LLP 000 X.

Related to New Operating Lessee

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • SPE means any bankruptcy-remote, special-purpose entity created in connection with the financing of settlement float with respect to customer funds or otherwise.

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

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

  • Mortgage Borrower shall have the meaning ascribed to the term “Borrower” in the Loan Agreement (Mortgage).

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

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

  • Operating Partnership has the meaning set forth in the preamble.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • New Owner means, collectively, the HDFC and the Company.

  • Seller Guarantor has the meaning set forth in the Preamble.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Property Manager means an entity that has been retained to perform and carry out at one or more of the Properties property-management services, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property, the costs for which are passed through to and ultimately paid by the tenant at such Property.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • Partnership Group Member means any member of the Partnership Group.

  • TRS means a taxable REIT subsidiary (as defined in Section 856(l) of the Code) of the General Partner.

  • Mezzanine Borrower shall have the meaning set forth in Section 11.6 hereof.

  • Borrower Party means the Mortgage Loan Borrower, a manager of the Mortgaged Property, an Accelerated Mezzanine Loan Lender or any Borrower Party Affiliate.

  • Operating Entity means an entity that operates and controls a portion of the bulk transmission system with the goal of ensuring reliable energy interchange between generators, loads, and other operating entities.

  • Parent Guarantor has the meaning specified in the recital of parties to this Agreement.

  • Operating Subsidiary means a majority-owned subsidiary of a financial

  • Project Owner means the legal entity that ultimately owns the Project and to which Tax Credits will be allocated.

  • Significant Guarantor means any guaranty agency that guarantees trust student loans comprising at least 10% of the Pool Balance of the trust student loans by outstanding principal balance as of the statistical disclosure date.

  • Operating Companies shall have the meaning specified in the recitals to this Agreement.

  • SPE Equity Owner is not applicable. Borrower will not be required to maintain an SPE Equity Owner in its organizational structure during the term of the Loan and all references to SPE Equity Owner in this Loan Agreement and in the Note will be of no force or effect.

  • 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.