Secondary Leases definition

Secondary Leases is as defined in the definition of “Properties” above.

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Secondary Leases. All leases, subleases and other rental agreements (written or verbal, now or hereafter in effect), if any, that grant a possessory interest in and to any space in the Leased Property, or that otherwise have rights with regard to the Leased Property, and all Credit Enhancements, if any, held in connection therewith. Security Agreement: That certain Security Agreement to be dated on or about the Commencement Date executed by Tenant to Landlord, pursuant to the terms of which Tenant will grant to Landlord a first lien and security interest in all of Tenant's rights under this Lease and in and to certain of Tenant's Personal Property and to all of the Licenses.

Secondary Leases. Any and all leases, subleases and other agreements under the terms of which any person other than Mortgagor has or acquires any right to occupy or use the Property, or any part thereof.

Examples of Secondary Leases in a sentence

Tenant agrees to execute and cause the Management Company to execute (and cause the tenants to execute, if applicable) a subordination agreement relating to the Management Agreements (and the Secondary Leases), which subordination agreement shall be in such form and content as is acceptable to Landlord.
Tenant warrants and represents that this Lease and all Secondary Leases are, and at all times during the Term will be, in compliance with all Healthcare Laws.
Subordination May Not Be Impaired by the Company 106 SECTION PAGE ------- ---- Section 1410.
Borrower hereby unconditionally and absolutely grants, transfers and assigns unto Lender all rents, royalties, issues, profits and income (“Rents”) now or hereafter due or payable for the occupancy or use of the Property, and all Secondary Leases, whether written or oral, with all security therefor, including all guaranties thereof, now or hereafter affecting the Property; reserving unto Borrower, however, a license to collect and retain such Rents prior to the occurrence of any Event of Default.
Borrower represents that the Rents and the Secondary Leases have not been heretofore sold, assigned, transferred or set over by any instrument now in force and will not at any time during the life of this assignment be sold, assigned, transferred or set over by Borrower or by any person or persons whomsoever; and Borrower has good right to sell, assign, transfer and set over the same and to grant to and confer upon Lender the rights, interest, powers and authorities herein granted and conferred.
Mortgagor shall give Mortgagee at any time upon demand any further or additional forms of assignment or transfer of such Rents, Secondary Leases and security as may be reasonably requested by Mortgagee, and shall deliver to Mortgagee executed copies of all such Secondary Leases and security.
The certificate of even date herewith made by Borrower to Lender concerning Secondary Leases.
Borrower shall timely pay and perform each of its obligations under or in connection with the Secondary Leases, and shall otherwise pay such sums and take such action as shall be necessary or required in order to maintain each of the Secondary Leases in full force and effect in accordance with its terms.
The certificate of even date herewith executed by ▇▇▇▇▇▇▇▇▇ to Mortgagee concerning Secondary Leases.
Mortgagor shall timely pay and perform each of its obligations under or in connection with the Secondary Leases, and shall otherwise pay such sums and take such action as shall be necessary or required in order to maintain each of the Secondary Leases in full force and effect in accordance with its terms.

More Definitions of Secondary Leases

Secondary Leases means all of the Assumed Leases other than the Primary Leases. If, as of the date scheduled by the parties for Closing or October 31, 2000 (whichever first occurs), a Landlord's Consent has not been obtained with respect to a Primary Lease: (i) this Agreement may be terminated by either party and the transactions contemplated herein abandoned, but not later than the Closing; or (ii) by mutual consent of Purchaser and Seller the transaction may be closed, in which event any Primary Lease for which a Landlord's Consent has not been obtained shall become and for all purposes hereunder deemed a Secondary Lease.