Seller Lease definition

Seller Lease shall have the meaning set forth in Section 3.25.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Seller Lease means any Lease pursuant to which Seller or an Affiliate of Seller is the lessee, sublessee, or other beneficiary of an occupancy right.

Seller Lease has the meaning set forth in Section 4.09(a).

Examples of Seller Lease in a sentence

No default, by either the applicable lessee or the lessor, exists under any Seller Lease, and all payments of rent, operating expenses, and other sums due and payable under each Seller Lease is current.
The Seller has not received notice that the counterparty to any Seller Lease intends to cancel, terminate, or refuse to renew any Seller Lease or to exercise any option or other right under such Seller Lease.
In the event the Seller is unable to assign any of the Seller Leases as of the Closing as a result of the failure to obtain any consent of any lessor under such Seller Lease, it shall notify the Buyer promptly that it will not be able to assign such Seller Lease to the Buyer or the Company at the Closing.
Seller is not in violation or breach of, or in default with respect to, any provision of any Seller Lease, except for such defaults which do not have, and are reasonably expected not to have, a material adverse effect on the value of the Seller Leases.
Each Seller Lease is in full force and effect in accordance with its respective terms.

More Definitions of Seller Lease

Seller Lease as defined in Section 3.6(b).

Seller Lease means each Lease required to be listed in Section 5.13(b) of the Disclosure Schedule.

Seller Lease means any lease, sublease, license, concession or other agreement in the name of any member of Seller Group or its Affiliates (excluding the Alias Companies) pursuant to which such member of Seller Group or its Affiliates (excluding the Alias Companies) holds any leasehold or subleasehold estate or any other right to use or occupy any land, buildings, structures, improvements, fixtures or other interest in real property included in the Purchased Assets, in each case as set forth on Schedule 7.09.

Seller Lease shall have the meaning set forth in Section 5.4 hereof.

Seller Lease means any of the real estate leases or subleases whereby Seller is the lessor or sublessor of real estate at or adjacent to Branches, as indicated in Schedule 1.1(a).

Seller Lease has the meaning set forth in Section 6.11.

Seller Lease or “Seller Leases” has the meaning set forth in Section 2.10(a).