Operating Lessee definition

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.

Operating Lessee means, individually or collectively, as the context so requires, the operating lessees as further described on Schedule V attached hereto.

Operating Lessee means, individually or collectively, as the context may require, any operating lessee under an Operating Lease, which is an Affiliate of the Borrowers and which is a Special Purpose Entity, provided that such operating lessee shall be selected in accordance with the terms hereof. As of the date hereof, the Operating Lessee is Ashford TRS Lessee I LLC, a Delaware limited liability company, the current operating lessee of each Individual Property, and an Affiliate of the Borrowers.

Examples of Operating Lessee in a sentence

• The Operating Lease between Ground Lessee and Operating Lessee shall be terminated without cost or expense to Purchaser.

• City of San Diego Consent to License Agreement (Transmit Carrier) by and between The City of San Diego and Operating Lessee, dated as of April 28, 2014.

• Ground Lessee, Operating Lessee and Assignee have executed this Assignment as of ___________________, 20__.

• At such time after Closing as the Temporary Permit is obtained, Operating Lessee will convey, at no additional costs, all alcoholic beverages to Purchaser or New Permittee by a conveyance document in form reasonably acceptable to Seller and Purchaser and in accordance with the requirements of the Applicable Laws.

• Hilton Hotels Corporation Lease Agreement for Xxxxxxxxx Enterprises, Inc., at the Hilton La Jolla, Xxxxxx Xxxxx, dated as of September 29, 2005, between Operating Lessee, as landlord, and Xxxxxxxxx Enterprises, Inc., an Arizona corporation, as tenant.

More Definitions of Operating Lessee

Operating Lessee and together with Mortgage Borrower, collectively the “Borrower Parties” and individually a “Borrower Party”), leases and operates the Property pursuant to that certain Lease Agreement dated as of [ ] (as amended, the “Operating Lease”), by and between Mortgage Borrower and Operating Lessee.

Operating Lessee means a lessee of an Unencumbered Property pursuant to an Operating Lease.

Operating Lessee means any Subsidiary of the Borrower that is the lessee under an Operating Lease.

Operating Lessee shall have the meaning set forth in the Mortgage Loan Agreement.

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

Operating Lessee means collectively those lessees party to the Operating Leases or other Leases from time to time.

Operating Lessee means a wholly-owned subsidiary ---------------- of Seller as tenant, of an Operating Lease(s); which is a single-purpose entity with the sole purpose of leasing, managing, maintaining, operating and performing other related functions for the Hotel.