Phase II Lease definition

Phase II Lease means each lease, now or hereafter existing, between Landlord or any Landlord Affiliate and Sterling, or any successor or assign of Sterling, relating to the 9th through 16th assisted living facilities (or other similar facilities) developed by Sterling in association with Landlord or any Landlord Affiliate, as amended from time to time.
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Phase II Lease is defined in Section 1.03(D)(1)(c).
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Phase II Lease means all leases with respect to the Subject Property which are not Phase I Leases and which are executed and delivered between landlord and the tenant of such leases, no later than the Phase II Expiration Date; excluded from the term Phase II Leases are leases of any premises which were covered by Phase I Leases, and which thereafter become available for lease.
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Examples of Phase II Lease in a sentence

  • Effective upon the Phase II Lease Commencement Date, the Workletter shall be deemed to be, and is hereby, amended to reflect and incorporate all of the terms and conditions set forth in this Amendment.

  • Effective upon mutual execution of this Amendment (the date of which mutual execution shall be inserted at the beginning of this Amendment as the Phase II Lease Commencement Date), the Lease shall be deemed to be, and is hereby, amended to reflect and incorporate all of the terms and conditions set forth in this Amendment.

  • To the extent of any conflict between the Phase II Lease and any provision in the Phase I Lease pertaining to such additional surface parking, the Phase II Lease shall be controlling.

  • Surface winds from behind the propeller disc can also excite the major axis edgewise mode at frequencies of 2P, 3P, or 4P which can generate high loads in the blade shank/retention area.

  • Landlord and Tenant desire to modify the provisions of the Phase II Lease as set out below.

  • The Building deposit will be equal to 3 months rent of Phase I Leased and Phase II Lease Property (RMB375,552), the other is 8% of the total invest of Additional Equipment and Facilities RMB 279,200 as Additional Equipment and Facilities Deposit.

  • As amended hereby, Landlord and Tenant ----------------------- confirm and ratify all of the terms and provisions of the Phase II Lease.

  • To the extent of any conflict between the Phase II Lease and any provision in the Phase I Lease pertaining to the New Phase I Parking, the Phase II Lease shall be controlling.

  • Landlord ----------------------------------------------------------- and Tenant hereby confirm and agree that the plans, specifications, times for completion of construction, reimbursement to Landlord for such construction and all other matters pertaining to the construction of the New Phase I Parking shall be governed by the Phase II Lease.

  • All initially-capitalized terms used and not otherwise ------------- defined herein shall have the meanings prescribed in the Phase II Lease.


More Definitions of Phase II Lease

Phase II Lease shall refer to the lease into which Phase II Landlord and Tenant shall enter for the Phase II Premises pursuant to Section 20.4 if Tenant exercises the Phase II Expansion Option, and shall have the specific meaning set forth in said Section.
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Phase II Lease has the meaning assigned to that term in subsection 8.20.
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Phase II Lease means the lease to be entered into between the Phase II Subsidiary, as lessor, and VCR, as lessee, covering the Phase II Land and the conference center to be constructed thereon."
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Phase II Lease means that certain lease between Borrower as lessor and Venetian as lessee for the portion of the Land identified therein and dated as of the date hereof.
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Phase II Lease. As defined in the Recitals of this Amendment. Qualified Capital Expenditures: Expenditures capitalized (as opposed to expensed) in accordance with GAAP on the books of Lessee for any of the following: replacement of furniture, fixtures and equipment, including refrigerators, ranges, major appliances, bathroom fixtures, doors (exterior and interior), central air conditioning and heating systems (including cooling towers, water chilling units, furnaces, boilers and fuel storage tanks) and replacement of siding; roof replacements, including replacements of gutters, downspouts, xxxxx and soffits; major repairs and replacements of plumbing and sanitary systems; overhaul of elevator systems; repaving, resurfacing and sealcoating of sidewalks, parking lots and driveways; repainting of entire building exterior and normal maintenance and repairs needed to maintain the quality and condition of a Facility in the market in which it operates, but excluding any other “alterations” as defined in Section 10.1.
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Phase II Lease means each lease, now or hereafter existing, between Landlord and Tenant or any Affiliate relating to the 9th through 16th assisted living facilities (or other similar facilities) developed by Tenant or any Affiliate in association with Landlord, as amended from time to time.
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Related to Phase II Lease

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Site Lease or “Lease” means this Site Lease together with any duly authorized and executed amendment hereto under which the District leases the Site to the Lessee.

  • Mining Lease means the mining lease granted pursuant to Clause 12 and includes any renewal thereof and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;

  • 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.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • mineral lease means the mineral lease referred to in clause 8(1)(a) hereof and includes any renewal thereof;

  • Approved Lease means (a) each existing Lease as of the Closing Date as set forth in the Leasing Affidavit and (b) each Lease entered into after the Closing Date in accordance with the terms and conditions contained in Section 9.09 as such leases and related documents shall be Modified as permitted pursuant to the terms of this Agreement.

  • Redevelopment Agreement means an agreement between the

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Phase I means the first part of the tuition incentive assistance program defined as the academic period of 80 semester or 120 term credits, or less, leading to an associate degree or certificate.

  • Redevelopment project means any work or undertaking

  • Occupancy Agreement means a written agreement entered into between an assisted living program and a tenant that clearly describes the rights and responsibilities of the assisted living program and a tenant, and other information required by rule. “Occupancy agreement” may include a separate signed lease and signed service agreement.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Master Lease means any master lease now or hereafter entered into, in which the Healthcare Facility is aggregated with other HUD-insured healthcare facilities and leased to a Master Tenant and any amendments or joinders thereto.

  • Phase II means the second part of the tuition incentive assistance program which provides assistance in the third and fourth year of 4-year degree programs.

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Major Lease shall have the meaning assigned to such term in the Mortgage Loan Agreement.