Operating Lessees definition

Operating Lessees has the meaning specified in the introductory paragraph.
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Operating Lessees means each operating lessee of each Borrowing Base Property as set forth on Schedule 1.01(a) or such other entity selected as the operating lessee of the applicable Borrowing Base Property in accordance with the terms of this Agreement, and “Operating Lessee” means any one of the Operating Lessees.
Sample 1
Operating Lessees means Vinton IA Assisted Living Tenant, LLC; Xxxxxxx City IA Assisted Living Tenant, LLC; Nevada IA Assisted Living Tenant, LLC; Xxxxxxxx IA Assisted Living Tenant, LLC; and Indianola IA Assisted Living Tenant, LLC, collectively.
Sample 1

Examples of Operating Lessees in a sentence

  • In connection with the Pre-IPO Transactions, ESH REIT transferred the Operating Lessees to the Corporation.

  • As such, the Operating Lessees were generally subject to federal, state, local and/or foreign income taxes on their separate tax returns.

  • Subsidiaries of ESH Strategies owned the trademarks and licensed their use to the Operating Lessees pursuant to trademark license agreements.

  • Prior to the Pre-IPO Transactions, the Operating Lessees were subsidiaries of ESH REIT and elected to be treated as taxable REIT subsidiaries.

  • A further 30% had been referred through other organisations such as CDS, Business Gateway, Glasgow City Council, Firstport, Community Links Scotland and the Glasgow Credit Union Strategy Group.

  • When the Hotel Managers have to fund expenses, the Operating Lessees reimburse the Hotel Managers periodically through hotel expense reimbursement reconciliations.

  • Prior to the Pre-IPO Transactions, the Operating Lessees were each taxable REIT subsidiaries that leased the hotel properties from ESH REIT pursuant to operating leases.

  • ESH REIT’s consolidated results of operations for the year ended December 31, 2012 included the results of operations of the Operating Lessees for the full year.

  • HVM, an eligible independent contractor (within the meaning of Section 856(d)(9) of the Code), managed the hotel properties pursuant to management agreements with the Operating Lessees.

  • The Operating Lessees have entered into various hotel management agreements (the “ Hotel Management Agreements”) with Island Hospitality Management, Inc.


More Definitions of Operating Lessees

Operating Lessees. (or individually, an “Operating Lessee”) shall mean all operating lessees under the Operating Leases, as indicated on Schedule 4 attached hereto.
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Operating Lessees each has the meaning set forth in the recitals hereto.
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Operating Lessees means FelCor FQ Lessee, FelCor Union Square Lessee, and DJONT Phoenix, and in each case any successor thereto as permitted pursuant to this Agreement, and “Operating Lessee” means any of the Operating Lessees, as applicable.
Sample 1
Operating Lessees means, the Embassy Atlanta Buckhead Operating Lessee, the Embassy Boston Marlborough Operating Lessee, the Embassy Corpus Christi Operating Lessee, the Embassy Orlando South Operating Lessee, the Embassy SF Airport Operating Lessee, the Sheraton Operating Lessee SPE, and “Operating Lessee” means any one of the Operating Lessees.
Sample 1
Operating Lessees means each operating lessee of each Collateral Property as set forth on Schedule 1.01 or such other entity selected as the operating lessee of the applicable Collateral Property in accordance with the terms of this Agreement, and "Operating Lessee" means any one of the Operating Lessees.
Sample 1
Operating Lessees means MSR Lodging Tenant, LLC, a Delaware limited liability company, MSR Resort Ancillary Tenant, LLC, a Delaware limited liability company, and each of their respective successors and assigns.
Sample 1

Related to Operating Lessees

  • 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.

  • Mortgage Borrower shall have the meaning set forth in the Recitals to this Agreement.

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

  • 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.

  • 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 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.

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

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

  • 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.

  • Sub-Lessee means a lease/license by a Lessee of part or all of leased space to another person.

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 2 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Borrower Parties means the collective reference to the Borrower and the Restricted Subsidiaries, and “Borrower Party” means any one of them.

  • Operating Entities means, from time to time, the Persons in which the Holding Entities, directly or indirectly, hold interests and that (i) directly hold real estate assets, or (ii) indirectly hold real estate assets but all of the interests of which are not held, directly or indirectly, by the Holding Entities, other than, in the case of each of (i) and (ii), any Person in which the Holding Entities, directly or indirectly, hold interests for investment purposes only of less than 5% of the outstanding equity securities of that Person;

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II, hereof.

  • Project Companies means all Group Project Companies and Non-Group Project Companies together, each being a “Project Company”.

  • Operating Companies means, collectively, the Creekside Operating Company, the Mentone Operating Company and the Yucaipa Operating Company. “Operating Company” means any of the Operating Companies.

  • Borrower Party means any one of them.

  • 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.

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

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

  • Property Management Agreement means any Property Management Agreement between the Company and the Property Manager.

  • Title V operating permit means a permit issued under Chapter 3745-77 of the Administrative Code.

  • Project Company means Company incorporated by the bidder as per Indian Laws in accordance with Clause no 3.5.

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.