Significant Leases definition

Significant Leases. A Lease at a Mortgaged Property covering or proposed to cover more than the greater of either (a) 20,000 net rentable square feet or (b) twenty percent (20%) of the net rentable square footage of the Mortgaged Property.
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Significant Leases. A Lease at a Mortgaged Property covering or proposed to cover more than the greater of either (a) 30,000 net rentable square feet or (b) thirty percent (30%) of the net rentable square footage of the Mortgaged Property.
Sample 1Sample 2Sample 3
Significant Leases. A Lease at a Mortgaged Property covering or proposed to cover more than the greatest of (i) 30,000 net rentable square feet, (ii) thirty percent (30%) of the net rentable square footage of the Mortgaged Property and (iii) such higher square-footage threshold, if any, that is set forth in the Pooling and Servicing Agreement and that the Master Servicer is allowed to approve without Special Servicer approval.
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Examples of Significant Leases in a sentence

  • Except as disclosed to the Administrative Agent in writing in accordance with Section 8.5(l) hereof, none of the tenants under Significant Leases on Properties owned by the Borrower, Material Subsidiaries or any other Subsidiary of the Borrower are in default for a period in excess of sixty (60) days on the monthly contractual rent payments.

  • Except as disclosed to the Administrative Agent in writing in accordance with Section 8.5(k) hereof, none of the Tenants under Significant Leases on Properties owned by the Borrower, Material Subsidiaries or any other Subsidiary of the Borrower are in default for a period in excess of 90 days on the monthly contractual rent payments.

  • As of the date of Closing, none of the Tenants under Significant Leases on Properties owned by the Company, Material Subsidiaries or any other Subsidiary of the Company are in default for a period in excess of 90 days on the monthly contractual rent payments.

  • Except as disclosed to the Administrative Agent in writing in accordance with Section 8.5(k) hereof, none of the Tenants under Significant Leases on Properties owned by the Borrower, Material Subsidiaries or any other Subsidiary of the Borroweror PROP are in default for a period in excess of 90 days on the monthly contractual rent payments.

  • Except as disclosed to the Administrative Agent in writing in accordance with Section 8.5(k) hereof, none of the Tenants under Significant Leases on Properties owned by the Borrower, Material Subsidiaries or any other Material Subsidiary of the Borrower are in default for a period in excess of ninety (90) days on the monthly contractual rent payments.

  • Except as disclosed to the Administrative Agent in writing in accordance with Section 8.5(l) hereof, none of the tenants under Significant Leases onoccupying Properties owned by the Borrower, Material Subsidiaries or any other Subsidiary of the Borrower are in default for a period in excess of sixty (60) days or “materially past due” (in accordance with customary commercial practice) on the monthly contractual rent payments.

  • Any Significant Leases written after the date hereof shall be subject to the prior written approval of Lender, which approval shall not be unreasonably withheld, conditioned or delayed.

  • Except as disclosed to the Administrative Agent in writing in accordance with Section 8.5(k) hereof, none of the tenants under Significant Leases on Properties owned by the Borrower, Material Subsidiaries or any other Subsidiary of the Borrower are in default for a period in excess of 90 days on the monthly contractual rent payments.


More Definitions of Significant Leases

Significant Leases means, collectively, (a) that certain lease and lease agreement, as amended, dated May 11, 1988, as amended, between Kroger Limited Partnership I, an Ohio limited partnership, as tenant and Lakeside Plaza, LLC, as landlord, as assigned to Borrower pursuant to that certain Assignment and Assumption of Leases; and (b) that certain lease agreement, as amended, dated May 23, 1988 between Virginia CVS Pharmacy, L.L.C., successor-in-interest to Hook-Superx, Inc. (“CVS”), as tenant and Lakeside Plaza, LLC, as landlord, as assigned to Borrower pursuant to that certain Assignment and Assumption of Leases. “Subdivision Map” - shall have the meaning ascribed to such term in Section 7.4.
Sample 1
Significant Leases means, collectively, (a) that certain lease agreement, as amended, dated October 31, 1994, as amended, between Riser Foods Company, a Delaware corporation, successor-in-interest to Tops Markets, LLC, successor-in-interest to First National Supermarkets, Inc., as tenant and EIG Snow View Plaza, LLC, as successor to Xxxxx & Avant Holdings, LLC, successor-in-interest to Snowview, Ltd., as landlord, as assigned to Borrower pursuant to that certain Assignment of Seller’s Interest in Leases and Assumption Agreement; (b) that certain lease agreement, as amended, dated October 12, 2006, as amended, between C&K Xxxxx, Inc. d/b/a Karen’s Hallmark, as tenant and EIG Snow View Plaza, LLC, as successor to Xxxxx & Avant Holdings, LLC, as landlord, as assigned to Borrower pursuant to that certain Assignment of Seller’s Interest in Leases and Assumption Agreement; (c) that certain lease agreement, as amended, dated October 10, 1996, as amended, between Eat ‘n Park Hospitality successor to Eat ‘N Park Restaurants Business Trust d/b/a Eat’ N Park, as tenant and EIG Snow View Plaza, LLC, as landlord, as assigned to Borrower pursuant to that certain Assignment of Seller’s Interest in Leases and Assumption Agreement; and (d) that certain lease agreement, as amended, dated September 18, 2008, as amended, between Xxxxx Xxxx and Li Xxx Xxxx, individuals, d/b/a Kumö Japanese Seafood Buffet formerly known as Hong Kong Buffet, as tenant and EIG Snow View Plaza, LLC, as successor to Xxxxx & Avant Holdings, LLC, as landlord, as assigned to Borrower pursuant to that certain Assignment of Seller’s Interest in Leases and Assumption Agreement.
Sample 1
Significant Leases means with respect to any ------------------ Mortgaged Property as of the date set forth in Annex A to the Prospectus Supplement under "Occupancy As of": (a) any lease relating to a tenant which occupies 20% or more of the net rentable space of such Mortgaged Property, (b) any lease relating to a tenant which is an anchor tenant, as such term is customarily used, of such Mortgaged Property and (c) any lease which generates 15% or more of the scheduled gross revenues of all leases relating to such Mortgaged Property.
Sample 1
Significant Leases has the meaning given in Section 4.1(q).
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Related to Significant Leases

  • Material Leases has the meaning set forth in Section 3.7(a).

  • Company Leases shall have the meaning set forth in Section 3.12(a).

  • Leases means any and all leases, subleases, tenancies, options, concession agreements, rental agreements, occupancy agreements, franchise agreements, access agreements and any other agreements (including all amendments, extensions, replacements, renewals, modifications and/or guarantees thereof), whether or not of record and whether now in existence or hereafter entered into, affecting the use or occupancy of all or any portion of any Real Property.

  • Real Property Leases means all leases, sub-leases, licenses or other agreements, in each case, pursuant to which any Group Company leases or sub-leases any real property.

  • 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.

  • Material Contracts has the meaning set forth in Section 3.09(a).

  • Ground Leases shall have the meaning set forth in Section 4.15.

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

  • Material Lease has the meaning set forth in Section 3.17(a).

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

  • Material Leasehold Property means a Leasehold Property which (a) is a retail or super store or distribution center or (b) has been reasonably determined by the Administrative Agent to be of material value as Collateral or of material importance to the operations of the Credit Parties after weighing the value of such property as additional Collateral against the costs and expenses associated with satisfying the requirements of Section 6.13.

  • 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.

  • Material Leased Real Property has the meaning specified in Section 5.7(b).

  • Subject Leases means, for any Asset Review, all 20[•]-[•] Leases which are 60-Day Delinquent Leases as of the end of the Collection Period immediately preceding the related Review Satisfaction Date.

  • Company Lease means any lease, sublease, sub-sublease, license and other agreement under which the Company or any of its Subsidiaries leases, subleases, licenses, uses or occupies (in each case whether as landlord, tenant, sublandlord, subtenant or by other occupancy arrangement), or has the right to use or occupy, now or in the future, any real property.

  • Property Lease means any Depot Lease, any lease in respect of a Managed Station Area, any lease in respect of Shared Facilities or any Station Lease and any agreement or lease of a similar or equivalent nature (whether in respect of any such facility or otherwise) which the Franchisee may enter into with a person who has an interest in a network or a railway facility which is to be used for or in connection with the provision or operation of the Franchise Services;

  • Material Agreements has the meaning set forth in Section 2.6.

  • Real Estate Leases is defined in Section 4.7.

  • Leaseholds of any Person shall mean 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.

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • Significant Assets means one or more assets or businesses which, when purchased, optioned or otherwise acquired by the CPC, together with any other concurrent transactions, would result in the CPC meeting the initial listing requirements of the Exchange.

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Company Leased Real Property has the meaning set forth in Section 3.14(b).

  • Material Properties means (a) those Mortgaged Properties designated on Schedule 3.12 as Material Properties and (b) each other Mortgaged Property with respect to which a Mortgage is granted pursuant to Section 5.11 after the Restatement Effective Date.

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