Successor Lessor definition

Successor Lessor has the meaning set forth in Section 13.03.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Successor Lessor has the meaning set forth in Section 24.

Successor Lessor is defined in Section 24.

Examples of Successor Lessor in a sentence

AND as Successor Lessor to the existing lease between ▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇, as Lessor, and ▇▇▇▇ ▇▇▇▇▇▇▇▇, M.
AND as Successor Lessor to the existing lease between ▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇, as Lessor, ▇▇▇▇▇▇ ▇.
In confirmation of such attornment, lessee shall promptly execute, acknowledge and deliver any instrument that Lessor or such Successor Lessor requests to evidence such attornment.
AND as Successor Lessor to the existing lease between ▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇, as Lessor, and ▇▇▇▇▇▇▇▇ as Lessee, of approximately 6% of the space in the Clinic, the Borough also assigns and transfers to the Lessee/Operator, as Substitute Successor Lessor, the existing lease of approximately 6% of the space in the Clinic, with ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ as Lessee.
The subordination of this Lease to any Superior Mortgage or Lease shall be subject to the fulfillment of the conditions precedent that, subject to the remaining provisions of this Article 23, the Successor Lessor or Successor Mortgagee shall have entered into a Non-Disturbance Agreement with Tenant.
At any time, before or after any transfer of Lessor's interest in the Project, Lessee shall, upon request of such transferee ("Successor Lessor"), automatically attorn to and become the Lessee (or if the Premises have been validly subleased, the sub Lessee) of the Successor Lessor, without change in the terms or other provisions of this Lease (or, in the case of a permitted sublease, without change in this Lease or in the instrument setting forth the terms of such sublease).
Lessee may continue to make payments of Rent to Former Lessor until Successor Lessor gives Lessee thirty (30) days prior written notice that Successor Lessor has become the owner of the Leased Premises or until Lessee is notified that a receiver has been appointed to, among other things, collect such Rent.
Lessee shall not collect or attempt to collect any such judgment out of any other assets of Successor Lessor.
Lessee and Successor Lessor shall, however, confirm the provisions of this Article in writing upon request by either of them.
If, at any time prior to the termination of this Lease, the Mortgagee or any purchaser in a foreclosure sale or the successor or assign of either (collectively referred to as the “Successor Lessor”) shall succeed to the rights of Lessor under this Lease through possession or foreclosure or delivery of a deed or otherwise, Lessee agrees to attorn to and recognize such Successor Lessor as Lessee’s landlord under this Lease upon all the terms and conditions of this Lease.

More Definitions of Successor Lessor

Successor Lessor has the meaning set forth in Section 13.03. “Taking” means (a) any taking or damaging of all or a portion of the Properties (i) in or by condemnation or other eminent domain proceedings pursuant to any Law, general or special; or (ii) by reason of any agreement with any Governmental Authority condemnor in settlement of or under threat of any such condemnation or other eminent domain proceeding; or (b) any de facto condemnation. The Taking shall be considered to have taken place as of the later of the date actual physical possession is taken by the condemnor, or the date on which the right to compensation and damages accrues under the Law applicable to the Properties. “Temporary Taking” has the meaning set forth in Section 11.04. “Threatened Release” means a substantial likelihood of a Release which requires action to prevent or mitigate damage to the soil, surface waters, groundwaters, land, stream sediments, surface or subsurface strata, ambient air or any other environmental medium comprising or surrounding any Property which may result from such Release. “Total Condemnation” has the meaning set forth in Section 11.02. “Transaction” has the meaning set forth in Section 14.01. “Transaction Documents” means this Lease, and all documents related thereto. “U.S. Publicly Traded Entity” means an entity whose securities are listed on a national securities exchange or quoted on an automated quotation system in the United States or a wholly-owned subsidiary of such an entity.

Successor Lessor means any party that becomes owner of the Leased Premises as the result of a Foreclosure Event.

Successor Lessor shall have the meaning set forth in Section 20.2.

Successor Lessor shall have the meaning specified in Section 18.2(a).

Successor Lessor shall have the meaning set forth in Section 12.12(c) of the Participation Agreement

Successor Lessor means the Mortgagee if the same succeeds to the rights of Lessor under this Lease, whether through possession or foreclosure action or delivery of a new lease or deed, or any third party that succeeds to the rights of Lessor under this Lease by virtue of having purchased the Premises or a part thereof at a foreclosure sale. At the request of a Successor Lessor and upon such Successor Lessor's written agreement to accept Lessee's attornment, and to not disturb Lessee's quiet possession of the Premises, Lessee shall attorn to and recognize such Successor Lessor as Lessee's Lessor under this Lease and shall promptly execute and deliver any instrument that such Successor Lessor may reasonably request to evidence such attornment. Upon such attornment this Lease shall continue in full force and effect as a direct lease between the Successor Lessor and Lessee upon all of the terms, conditions and covenants as are set forth in this Lease except that the Successor Lessor shall not: (i) be liable for any previous act or omission of Lessor under this Lease; (ii) be subject to any offset, deficiency or defense which theretofore shall have accrued to Lessee against Lessor; or (iii) be bound by any previous modification of this Lease or by any previous prepayment of more than one (1) month's Rent, unless such modification or prepayment shall have been expressly approved in writing by the Mortgagee through or by reason of which the Successor Lessor shall have succeeded to the right of Lessor under this Lease.