P&E Replacements definition

P&E Replacements means all items purchased with funds from the Reserve established under Article 5 of this Lease and all other items of P&E added and used at the Leased Property during the Term of this Lease, together with all leasehold improvements made by Tenant during the Term of this Lease to the extent not constituting real property affixed to the Land, whether purchased from the Reserve or with other funds of Tenant, all subject to disposal and further replacement at the end of their useful lives.
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P&E Replacements means all items of P&E purchased with funds from the Reserve established under Article 5 of this Lease or with insurance proceeds payable with respect to P&E or P&E Replacements (specifically excluding all insurance proceeds payable with respect to items of Tenant’s Personal Property) and all other items of P&E added and used at the Leased Property during the Term of this Lease (specifically excluding items of Tenant’s Personal Property), together with all leasehold improvements made by Tenant during the Term of this Lease to the extent not constituting real property affixed to the Land, whether purchased from the Reserve or with other funds of Tenant, all subject to disposal and further replacement at the end of their useful lives.
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P&E Replacements means all items of P&E purchased with funds from the Capex Reserve established under Article 5 of this Lease, or with insurance proceeds payable with respect to P&E or P&E Replacements (specifically excluding all insurance proceeds payable with respect to items of Tenant’s Personal Property) and all other items of P&E added and used at the Leased Property during the Term of this Lease (specifically excluding items of Tenant’s Personal Property), together with all leasehold improvements made by Tenant during the Term of this Lease to the extent not constituting real property affixed to the Land, whether purchased from the Capex Reserve or with other funds of Tenant, all subject to disposal and further replacement at the end of their useful lives.
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Examples of P&E Replacements in a sentence

  • Tenant agrees that, at the expiration or earlier termination of this Agreement, Tenant shall fully restore the Initial Landlord P&E, inclusive with and after consideration of all P&E Replacements which will become the property of Landlord, to at least the approximate types and amounts (with reasonably equivalent value) as shown on Exhibit "I", and shall fully restore an adequate supply of Inventory consistent with the full stocking levels to be maintained by Tenant pursuant to Section 4.6 of this Lease.

  • Tenant agrees that, at the expiration or earlier termination of this Lease, Tenant shall fully restore the Initial Landlord P&E, inclusive with and after consideration of all P&E Replacements, to at least the approximate types and amounts (with reasonably equivalent value) as shown on Exhibit A, and shall fully restore an adequate supply of Inventory consistent with the full stocking levels at the applicable time of the Fiscal Year to be maintained by Tenant pursuant to this Lease.


More Definitions of P&E Replacements

P&E Replacements means all items purchased with funds from the Reserve established under Article 5 of this Lease or with insurance proceeds and all other items of P&E added and used at the Leased Property during the Term of this Lease, including, without limitation, the Initial Capital Assets (only to the extent the Initial Capital Assets do not constitute real property under Applicable Law), together with all leasehold improvements made by Tenant during the Term of this Lease to the extent not constituting real property affixed to the Land (whether purchased from the Reserve or with other funds of Tenant), all subject to disposal and further replacement at the end of their useful lives.
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P&E Replacements means all items purchased with funds from the Reserve established under Article 5 of this Lease and all other items of P&E added and used at the Leased Property during the Term of this Lease (excluding, however, Tenant’s Personal Property), together with all leasehold improvements made by Tenant during the Term of this Lease to the extent not constituting real property affixed to the Land, purchased from the Reserve, or with the proceeds of casualty insurance maintained by Tenant pursuant to the requirements of this Lease or the Manager pursuant to the requirements of the Management Agreement, all subject to disposal and further replacement at the end of their useful lives.
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Related to P&E Replacements

  • Approved Replacement means, with respect to a Market Quotation, an entity making such Market Quotation, which entity would satisfy conditions (a), (b), (c) and (d) of the definition of Permitted Transfer (as determined by Party B in its sole discretion, acting in a commercially reasonable manner) if such entity were a Transferee, as defined in the definition of Permitted Transfer.

  • Eligible Replacement means an entity (A) that satisfies the definition of Hedge Counterparty Ratings Requirement, set forth in Part 5(f)(ii) above or (B) whose present and future obligations owing to Party B are guaranteed pursuant to an Eligible Guarantee provided by a guarantor which satisfies paragraph (b) of the definition of Hedge Counterparty Ratings Requirement.

  • Benchmark Replacement means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date:

  • Term SOFR Replacement Date has the meaning specified in Section 3.03(b).

  • Benchmark Replacement Date means the earliest to occur of the following events with respect to the then-current Benchmark: