PILOT Lease definition

PILOT Lease means each of the PILOT leases described on Schedule VII hereto pursuant to which the applicable Individual Borrower owns a leasehold interest in its Individual Property (or any portion thereof).
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PILOT Lease. As defined in the Mortgage Loan Agreement.
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PILOT Lease means each of the PILOT leases described on Schedule 4.1.42 hereto.
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Examples of PILOT Lease in a sentence

  • Tenant, upon paying the Annual Base Rent and Additional Rent and keeping, observing and performing all the terms, covenants, agreements, provisions, conditions and limitations of this PILOT Lease on Tenant’s part to be kept, observed and performed, shall quietly have and enjoy the Project during the Term of this PILOT Lease without hindrance or molestation by anyone lawfully claiming by, under or through Landlord, subject, however, to the Permitted Encumbrances, reservations and conditions of this Lease.

  • If Tenant terminates this PILOT Lease pursuant to this Section, Landlord shall transfer title of the Project and the Project (or such portion thereof covered by the termination) to Tenant immediately and Tenant shall lose the benefit of the PILOT as to the property conveyed.

  • No payment by Xxxxxx, nor receipt from Landlord, of a lesser amount than the Additional Rent or other charges stipulated in this PILOT Lease will be deemed to be anything other than a payment on account of the earliest stipulated Additional Rent.

  • No act or thing done by Landlord or Landlord’s agents during the Term of this PILOT Lease will be deemed an acceptance of a surrender of the Project, and no agreement to accept such surrender will be valid unless in writing signed by Xxxxxxxx.

  • In the event of the rejection of this PILOT Lease by Landlord or its trustee, Tenant shall be deemed without further act to have elected under Section 365(h)(I) of the Bankruptcy Code to remain in possession of the Project for the balance of the term of such rejected Lease.


More Definitions of PILOT Lease

PILOT Lease means the lease from the HEB to the developer of property subject to this Program.
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PILOT Lease means, a lease entered into in accordance with Section 5.1.23(a) hereof in connection with a Permitted PILOT Arrangement.
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PILOT Lease means that certain Lease Agreement, dated as of March 1, 2006, by and between the City and the Borrower.
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PILOT Lease means that certain Real Property Lease Agreement dated December 31, 1999 between The Industrial Development Board of the City of Memphis and County of Shelby, Tennessee (the “IDB”), as lessor, and Seller, as lessee, recorded as Instrument No. JY 0086 in the Register’s Office of Shelby County, Tennessee.
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PILOT Lease means the lease from one of the Bond Boards to the developer of property subject to this Program.
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PILOT Lease. See the introductory paragraph of this Lease; (cc) “Plans and Specifications” – See Section 3.1;
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PILOT Lease means the lease agreement to be dated as of the closing of the Mortgage Loan, by and between the Borrower and [the Issuer], as PILOT Lessor, in connection with the Project.
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