Examples of Replacement Leases in a sentence
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.
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.
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).
Leases written by Landlord in such space are called "Replacement Leases".
Within twenty four (24) months after the date of the termination of the Amazon Lease, Borrower will deliver to Lender an Approved Re-Leasing Plan, unless prior to such date Borrower shall have delivered to Lender either (a) Approved Replacement Leases sufficient to cause the Debt Service Coverage Ratio to be greater than 1.25 to 1.00, or (b) Approved Replacement Leases covering the entire premises.
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.
Knotel Termination Replacement Leases 0 SF shown in 000’s Knotel Termination Leasing Pipeline Q1’21 Q2’21 Q3’21 Q4’21 Q1’22 ($ and SF in 000's) 123 William Street (2) 9 Times Square (2)(3) Combined Replacement Leases (3) Straight - Line Rent (3) (SLR) $1,444.8 $1,256.0 $2,700.8 Square Feet 27.8 26.3 54.1 Knotel SF Replacement (%) 77% 75% 76% Knotel SLR Replacement (%) 73% 63% 70% Wtg.
Notwithstanding anything to the contrary, in the event that the Approved NYC-DYCD Lease is not entered into and Borrower enters into one or more Replacement Leases, the amounts reserved as Unfunded Obligations Funds allocable to the “HRA - DYCD” line item listed on Schedule III (including, without limitation, the funds deposited pursuant to Section 8.7), shall be allocable to the tenant improvements, leasing commissions, and free rent obligations of Borrower with respect to such Replacement Leases.
During the Term of this Lease, Lessee shall pay (or cause to be paid) to Lessor monthly rent and expense reimbursements in the aggregate sum of ($ ) per month, subject to reduction based on the minimum monthly rent or base rent and expense reimbursements payable by the Replacement Tenants pursuant to the Replacement Leases each month during the Term of this Lease.