Occupational Lease definition

Occupational Lease means any lease or licence or other right of occupation to which any property leased, occupied or otherwise in the possession of any member of the Group may be subject from time to time.
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Occupational Lease means any occupational lease or licence or other right of occupation to which the Retail Properties (or any part of the Retail Properties) and/or the ArtScience Museum (or any part of the ArtScience Museum) may be subject from time to time.
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Occupational Lease means any agreement for lease or for licence or any occupational lease or licence to which the Property may be subject from time to time
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Examples of Occupational Lease in a sentence

  • Each Obligor shall promptly notify the Agent in writing of the outcome of any rent review undertaken pursuant to the terms of any Occupation Lease (other than a Permitted Lease, provided that following rent review, the rent payable pursuant to the relevant Occupational Lease still makes it a Permitted Lease).

  • There is an Occupational Lease agreement between H-REIT’s indirect wholly-owned subsidiary, CDL HREIT Investments (II) Property Limited (the “Lessor”) and HLD (Manchester) Limited (the “Lessee”), which is part of a group under Marshall Holdings Limited.Under the Occupational Lease, the lessee pays a fixed rent to the lessor, subject to upward-only rent review provisions, broadly based on inflation.

  • Occupational Lease means any lease, agreement for lease, license or other occupational interest subject to which the Borrower's interest in the Property is held now or in the future including any guarantee and rent deposit arrangements entered into under the terms of them.

  • The Occupational Leases for each property within the Investment Portfolio will be for a term expiring on the Occupational Lease Maturity Date.

  • Each property within the Investment Portfolio will, following the Closing Date, benefit from one or several Occupational Lease (s).


More Definitions of Occupational Lease

Occupational Lease means any lease pertaining to occupation of any of the Property where you are landlord, whether or not the lessee is actually in occupation.
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Occupational Lease means each OpCo Lease and any other lease or licence or other right of occupation granted by the Company or right of the Company to receive rent to which a Property may at any time be subject.
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Occupational Lease means any the lease dated 16th April 2002 between Prologis (Coventry) Limited, Capita Business Services Limited as tenant and Capita Group plc as guarantor and/or any other lease, underlease, tenancy or licence to which any of the Borrower’s interests in the Property is now or in the future in reversion and such expression shall include any variation from time to time thereto and any documents from time to time supplemental thereto and “Occupational Leases” shall be construed accordingly;
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Occupational Lease means any lease of all or any part of any Property entered into with the Occupational Tenant by the Borrower.
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Occupational Lease means any lease or licence or other right of occupation or right to receive rent to which a Property may at any time be subject and includes any guarantee of a tenant’s obligations under the same;
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Occupational Lease means the Principal Occupational Lease and any lease, sub-lease or licence or other right of occupation to which all or any part of any Property may be subject from time to time and any supplemental documents thereto.
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Occupational Lease. ’ means any occupational lease or licence or other right of occupation to which the relevant Property may be subject from time to time.
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