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Post-Closing Lease definition

Post-Closing Lease means each lease identified by the Parent to the Mandated Lead Arrangers which is defined as a “Continuing Operating Lease” in the Sale and Purchase Agreement.
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Post-Closing Lease means, individually or collectively, as the context may require, Post-Closing Bankruptcy Leases, Post-Closing Earnout Leases, and Post-Closing Pipeline Leases.
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Post-Closing Lease has the meaning set forth in Section 2.07(i).
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Examples of Post-Closing Lease in a sentence

  • No payments shall be required by either the Buyer or the Sellers unless such party’s obligation to make a payment or right to a credit, based such parties prorated amount of all Post-Closing Lease Adjustments, is in excess of $10,000.00.

  • The Post-Closing Lease Adjustments shall be prorated as of the close of Business on the Closing Date.

  • If payment is due to Buyer from the Sellers for Post-Closing Lease Adjustments, the amount of such payment shall be paid to Buyer by the Escrow Agent from the Escrow Holdback in immediately available funds by wire transfer in accordance with the Escrow Agreement.

  • If payment is due to the Sellers for Post-Closing Lease Adjustments, Buyer shall make prompt payment to the Sellers of the amount due in immediately available funds by wire transfer.

  • Seller agrees that it will be permitted to remain in Building #2 following the Closing in accordance with the Post-Closing Lease.

  • Buyer and Seller shall in good faith attempt to negotiate and agree within 20 days following the Effective Date upon the remaining terms of the Post-Closing Lease.

  • Buyer and Seller have agreed that the term of the Post-Closing Lease shall be eighteen (18) months from the Closing, provided that either party may terminate the lease no earlier than six (6) months after the beginning of the Post-Closing Lease if the terminating party provides the other party with not less than one hundred twenty (120) days written notice of termination.

  • The parties hereto expressly agree and confirm that this Agreement (along with the Post-Closing Lease Agreement and the Exhibits hereto) is executed without reliance on any oral or written statements, representations or promises of any kind which are not expressly contained in this Agreement.

  • Buyer shall enter into an Approved Post-Closing Lease if presented by Seller for execution prior to expiration of the Earnout Period, time being of the essence, with a prospective tenant identified on the applicable Pipeline List, which, upon such presentation to Buyer, shall be an “Earnout Lease”.

  • Buyer shall be entitled to possession on the Closing Date, subject to the terms of the Post-Closing Lease.

Related to Post-Closing Lease

  • 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:

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

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

  • 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.

Most Referenced Clauses

Most Referenced Definitions