Reversionary Estate definition
Reversionary Estate means Landlord's interest in the fee estate of the Leasehold Premises and Access Area exclusive of Tenant's Leasehold Estate under the terms of this Lease.
Reversionary Estate means all rights of Landlord in the Land after giving effect to the Leasehold Estate, including all of Landlord’s rights (including rights to receive all payments when due) pursuant to this Lease.
Examples of Reversionary Estate in a sentence
If Landlord desires to finance or refinance the Reversionary Estate or any part thereof, Tenant shall deliver to any lender designated by Landlord all financial statements of Tenant prepared in Tenant's reasonable course of business by Tenant's accountants.
Tenant has the right to mortgage the Leasehold Estate to any Leasehold Mortgagee; provided that such mortgage does not encumber the Landlord's Reversionary Estate.