Substitute Lease definition

Substitute Lease as defined in Section 12 of the Assignment and Servicing Agreement.

Substitute Lease as defined in Section 11.01(a) of the Assignment and ---------------- Servicing Agreement. Swap: that certain interest rate swap transaction governed by the Swap ---- Documents.

Substitute Lease. An Eligible Lease substituted by Vendor Services for (a) a Liquidated Lease, (b) a Warranty Lease or (c) an Adjusted Lease, in accordance with Section 9.2.

Examples of Substitute Lease in a sentence

• As of the initial Determination Date, or the effective date of the transfer of any Additional Lease or Substitute Lease, each Lessee has paid the first scheduled installment of rent under its respective Lease.

• Landlord, in Landlord’s sole discretion, determines that any such expenditure is financially justified in connection with entering into any such Substitute Lease.

• As of the initial Determination Date, or the effective date of the transfer of any Additional Lease or Substitute Lease, each Lessee has paid at least one installment of rent under its respective Lease.

• In the event of an early lease termination, any Substitute Lease must have a Discounted Present Value equal to or greater than that of the Terminated Lease, monthly payments at least equal to those of the Terminated Lease through the remaining term of such Terminated Lease, a remaining term less than or equal to that of the Terminated Lease and a Booked Residual Value at least equal to that of such Terminated Lease.

• On or before the related Deposit Date, Vendor Services shall pay the Purchase Amount to the Servicer and the Contributor, as their interests may appear, or substitute a Substitute Lease.

More Definitions of Substitute Lease

Substitute Lease shall have the meaning given to such term in Section 5.1(e).

Substitute Lease. As defined in Section 34.3.

Substitute Lease for purposes of the Pooling and Servicing Agreement, is defined in Section 5.4(a) of the Pooling and Servicing Agreement, and for purposes of the Contribution Agreement, is defined in Section 4.3(a) of the Contribution Agreement.

Substitute Lease means a Lease that is added to the Collateral pursuant to Section 10.4.

Substitute Lease means a Lease that is added to the Trust Estate pursuant to Section 5.1(a).

Substitute Lease means any Store Lease with respect to a Store which is a new location for a Store which has closed if (x) such new location is in the same or an adjacent neighborhood as the closed Store, (y) such new location caters to essentially the same people who patronized the closed Store, and (z) the Store opened at such new location no later than 30 days after the closed Store closed.

Substitute Lease means a Lease that is added to the Trust pursuant to Section 2.7(a).