Reversionary Lease definition

Reversionary Lease means a lease of the Premises in such form as the Landlord may require and which shall contain such provisions and covenants binding on the Tenant and their respective successors in title as the Landlord shall properly require to reflect:-
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Reversionary Lease means the lease in respect of the Premises dated on or about the date of the Deed of Variation and made between the same parties hereto;
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Reversionary Lease a reversionary lease dated 16 January 2015 between (1) Knightsbridge Green Limited (2) J Xxxxxx Xxxxxxxx Group Limited and (3) WPP Group (UK) Limited and any document supplemental to it;
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Examples of Reversionary Lease in a sentence

  • PHUT will enter a 12-year Reversionary Lease (with rent obligations to Noviniti) to take effect from the expiry of Engie's underlease.

  • That the property known as 15 Wicklow Street is currently held under Indenture of Reversionary Lease dated 23rd January 1923 between The Right Honourable The Lord Mayor Alderman and Burgesses of Dublin and City Property Development Company (Ireland), for a term of 131 years from 29th September 1932 for a yearly rent of £240 thereby reserved and that the applicant, Martina Investments Limited, currently holds the property under Deed of Assignment dated 31st March, 1977.

  • The tenant held an Option for a Reversionary Lease for a term of 10 years from 3 March 2027 subject to a tenant only break clause on 3 March 2032.

  • Eversheds takes no responsibility for the form of the Existing Lease under which TW is currently occupying nor the Existing Lease in so far as it has been incorporated into the Reversionary Lease under which TW will continue to occupy until TW exercises its break under the Reversionary Lease or the term of it expires.

  • TAC DRAFT Non Reversionary Lease Board Member Duggin and Paul Boyer updated the Board on the Technical Advisory Committee's recent actions.

  • The Reversionary Lease to extend the lease term of the existing Airport Island (i.e. the Remaining Portion of Chek Lap Kok Lot No. 1 and the Extension Thereto) to align with the lease term of CLKL 4 was also executed on the same date given that the expanded airport with the Third Runway will operate together as a whole.

  • TW should ensure that there is sufficient time to get the photographic schedule of condition of the Existing Premises agreed before the lease of the Existing Premises expires on 27 September 2013 as this schedule determines TW’s repair duties under the Lease on expiry of the lease of the Existing Premises or the Reversionary Lease (as applicable).

  • For the purpose of clause 7.1(a)(v) of the Lease only and clause 7.1(a)(vii) of the Reversionary Lease only and for no other purpose, including for the avoidance of doubt, not so as to create a covenant in respect of which clause 7.1(a) would otherwise apply the Tenant covenants to maintain on each EBITDAR Calculation Date that occurs after the EBITDAR Calculation Commencement Date a Tenant EBITDAR to EBITDAR Rent cover ratio of at least 1.1:1, calculated by reference to the Relevant Period.

  • The Reversionary Lease is granted to enable TW to remain in occupation of the Existing Premises until TW has completed the refurbishment of the Property such that TW’s staff can relocate to the Property and Reversionary Lease can then be terminated.

  • As the Reversionary Lease is by reference to the Existing Lease as varied, these provisions will carry through into the Reversionary Lease.


More Definitions of Reversionary Lease

Reversionary Lease means the lease of the Property dated 7 July 2015 and made between (1) the Landlord (2) the Tenant”
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Reversionary Lease means a reversionary lease of the Property dated 29 October 2007 extending the term of the Operating Lease from 8 September 2014 to 21 May 2019 between (1) the Borrower and (2) the Guarantor which is currently vested in the Guarantor as varied by the Internal deed of Release and registered at the Land Registry under title number NGL890601 including a deed of variation to be entered into between the Borrower (1) and the Guarantor (2) to match the provisions in the Operating Lease.
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Related to Reversionary Lease

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • 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:

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

  • Eligible Ground Lease means a ground lease containing terms and conditions customarily required by mortgagees making a loan secured by the interest of the holder of the leasehold estate demised pursuant to a ground lease, and shall include the following: (a) a remaining term (exclusive of any unexercised extension options) of 30 years or more from the date the applicable Property first becomes an Eligible Property; (b) the right of the lessee to mortgage and encumber its interest in the leased property without the consent of the lessor; (c) the obligation of the lessor to give the holder of any mortgage Lien on such leased property written notice of any defaults on the part of the lessee and agreement of such lessor that such lease will not be terminated until such holder has had a reasonable opportunity to cure or complete foreclosures, and fails to do so; (d) reasonable transferability of the lessee’s interest under such lease, including ability to sublease; and (e) clearly determinable rental payment terms which in no event contain profit participation rights.

  • New Leases means, collectively, any lease for space at the Property entered into between the Commencement Date and the Closing Date.

  • Leasehold of any Person shall mean all of the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Leaseholds of any Person means all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

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

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Approved Lease means (a) each existing Lease as of the Closing Date as set forth in the Leasing Affidavit and (b) each Lease entered into after the Closing Date in accordance with the terms and conditions contained in Section 9.09 as such leases and related documents shall be Modified as permitted pursuant to the terms of this Agreement.

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • Leasehold Mortgage means any leasehold deed of trust, mortgage, deed to secure debt, assignment of leases and rents, assignment, security agreement, or other security document securing financing from a lender of Tenant and encumbering Tenant’s leasehold interest in any Demised Property.

  • Subleases means the Sublease(s) of even date herewith by and between the District and Contractor together with any duly authorized and executed amendment hereto under which the District subleases the Site from the Contractor.

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • concessionary payment means a payment made under arrangements made by the Secretary of State with the consent of the Treasury which is charged either to the National Insurance Fund or to a Departmental Expenditure Vote to which payments of benefit or tax credits under the benefit Acts or the Tax Credits Act 2002 are charged;

  • Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.

  • Leases means all present and future leases, subleases, licenses, concessions or grants or other possessory interests now or hereafter in force, whether oral or written, covering or affecting the Mortgaged Property, or any portion of the Mortgaged Property (including proprietary leases or occupancy agreements if Borrower is a cooperative housing corporation), and all modifications, extensions or renewals.

  • Leasehold Property means any leasehold interest of any Loan Party as lessee under any lease of real property.

  • mineral lease means the mineral lease referred to in clause 8(1)(a) hereof and includes any renewal thereof;

  • 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.

  • Assignment of Leases With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.

  • Recorded Leasehold Interest means a Leasehold Property with respect to which a Record Document has been recorded in all places necessary or desirable, in the Collateral Agent’s reasonable judgment, to give constructive notice of such Leasehold Property to third-party purchasers and encumbrances of the affected real property.