Primary Lease definition

Primary Lease shall have the meaning given such term in Section 33(a) of this Lease.

Primary Lease means each channel lease agreement identified in Schedule R-2 which is attributable to a Closed Market and any new channel lease agreement pursuant to which any Sprint Subsidiary becomes entitled to use any ITFS or MDS channels for commercial purposes in Region 1 and which are subleased to Operator pursuant to Section 5.5 of this Agreement, as each may be amended or extended as contemplated herein. Upon any Market becoming a Closed Market, any channel lease agreement listed in Schedule R-2 attributable to such newly Closed Market and any new channel lease agreement which channels are applicable to a Closed Market and which are subleased to Operator pursuant to Section 5.5 will automatically be considered as a Primary Lease for purposes of this Agreement. Each and every Primary Lease from time to time in effect are herein collectively referred to as the "Primary Leases".

Primary Lease. A lease, whether now existing or hereafter entered into, pursuant to which the Partnership, as the lessee (either in its own name or as an assignee of BKC pursuant to the Real Estate Purchase Agreement or otherwise), holds the right to occupy and use a Partnership Property or any portion thereof. QSV: QSV Properties Inc., a Delaware corporation.

Examples of Primary Lease in a sentence

• Any Landlord’s Mortgagee may elect, at any time, unilaterally, to make this Lease superior to its Mortgage, Primary Lease, or other interest in the Premises by so notifying Tenant in writing.

• This Lease shall be subordinate to any deed of trust, mortgage, or other security instrument (each, a “Mortgage”), or any ground lease, master lease, or primary lease (each, a “Primary Lease”), that now or hereafter covers all or any part of the Premises (the mortgagee under any such Mortgage, beneficiary under any such deed of trust, or the lessor under any such Primary Lease is referred to herein as a “Landlord’s Mortgagee”).

• Any Landlord's Mortgagee may elect, at any time, unilaterally, to make this Lease superior to its Mortgage, Primary Lease, or other interest in the Premises by so notifying Tenant in writing.

• Any Landlord’s Mortgagee may elect at any time, unilaterally, to make this Lease superior to its Mortgage, Primary Lease, or other interest in the Premises by so notifying Tenant in writing.

• However, any Landlord's Mortgagee may elect to subordinate its Mortgage or Primary Lease (as the case may be) to this Lease by delivering written notice thereof to Tenant.

More Definitions of Primary Lease

Primary Lease. As defined in Section 2.1.

Primary Lease means a ground lease, master lease, or primary lease.

Primary Lease means a valid, binding executed and existing lease for the use of a SLF which is for an initial term of more than three (3) years and is entered into between Borrower and either (i) a tenant who is an experienced SLF manager which is deemed to be creditworthy by the Bank or (ii) a tenant who retains an experienced Operator pursuant to an Operating Agreement and such other terms as are acceptable to Bank and Bank counsel. s. "Title Policy" means the owner's title policy meeting the requirements of this Master Loan Agreement.

Primary Lease means and refers to the Original Lease, as amended by the First Amendment and Second Amendment. Any words or phrases constituting defined terms in the Primary Lease shall have the same meaning when used in this Sub-Sub-Lease, unless the otherwise stated.

Primary Lease. - means that certain Lease Agreement dated ___________, by and between ____________, as lessor, and [FCH/SH Leasing] [FCH/SH Leasing II], as lessee, [as amended by that certain Omnibus Lease Amendment Agreement dated June 30, 1998, by and among FelCor Lodging Trust Incorporated, Guarantor, [FCH/SH Leasing] [FCH/SH Leasing II] and certain other lessors and lessees under separate lease agreements].

Primary Lease. That certain Lease Agreement dated as of between Borrower, as landlord, and Lessee, as tenant, pursuant to which the Property has been leased to Lessee, as the same may be amended from time to time (subject to obtaining Lender's consent to any such amendment), or any extension, renewal or replacement thereof entered into in accordance with Section 8 of the Loan Agreement.

Primary Lease means a valid, binding executed and existing lease for the use of a Hotel which is for an initial term of more than ten (10) years and is entered into between Borrower and a tenant who is an experienced hotel manager which is deemed to be creditworthy by the Bank and such other terms as are acceptable to Bank and Bank counsel.