Examples of Replacement Leases in a sentence
Notwithstanding anything to the contrary, in the event that the Approved NYC-DYCD Lease is not entered into and Borrower enters into one or more Replacement Leases, the amounts reserved as Unfunded Obligations Funds allocable to the “HRA - DYCD” line item listed on Schedule III (including, without limitation, the funds deposited pursuant to Section 8.7), shall be allocable to the tenant improvements, leasing commissions, and free rent obligations of Borrower with respect to such Replacement Leases.
On every Payment Date during a Lease Trigger Period, Borrower shall pay to Lender the Excess Cash, which amount shall be deposited with and held by Lender for Approved Leasing Expenses incurred following the date hereof and in connection with one or more Acceptable Replacement Leases or Acceptable Lease Extensions, as applicable, in connection therewith.
Seller shall use commercially reasonable efforts to cause the Prospective Leases, and any applicable Replacement Leases, to be executed prior to Closing.
At such time as Replacement Leases demising Newly Leased Area equal to the area of the Premises have been executed, the Term of this Lease shall expire.
Replacement Leases to be pledged pursuant to the terms of Section 50) hereof shall be have a value, as determined by Secured Party in its sole discretion, at least equal to the value of the Lease or Leases to be replaced pursuant to said Section 50).
The Tenant's obligations to pay for upfit and leasing commissions apply to any such expense incurred by the Landlord with respect to Replacement Leases from the date hereof through and including March 31, 1999.
If at any time the Approved Replacement Lease Re-Tenanting Costs for Approved Replacement Leases covering the entire premises exceed the balance of the Re-Tenanting Funds Account (“TI/LC Shortfall”), Borrower shall pay the Approved Replacement Lease Re-Tenanting Costs, up to the amount of the TI/LC Shortfall, prior to the disbursement of Re-Tenanting Funds.
The Seller hereby disclaims any and all representations or warranties relating to any such WPP Replacement Leases or any such amendment, amendment and restatement or other modification of any of the Real Property Leases made or entered into prior to or after the date of this Agreement in connection with or in contemplation of any of the Contemplated Transactions.
Further, Landlord specifically acknowledges that in the event any of the Telecom Leases terminate, Landmark shall have the right to enter into Replacement Lease(s) under the terms of the Master Lease.
If a Cash Flow Sweep Event shall have occurred and is continuing, any Re-Tenanting Funds remaining after the Approved Replacement Lease Start Date for all Approved Replacement Leases covering the entire premises, 36942122.8 shall be held in the Master Disbursement Sweep Account and disbursed in accordance with the Cash Management Agreement.