Supermarket Lease definition

Supermarket Lease means a lease that permits a Supermarket Use, regardless of whether the demised premises subject to such lease are actually used for a Supermarket Use.
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Supermarket Lease means a lease by and between Buyer and the Supermarket Operator which shall require the Supermarket Operator to utilize and maintain the Property as a Supermarket in accordance with the terms of this Agreement. The lease shall additionally require the Supermarket Operator to maintaining the required full time Living Wage Jobs at the Property and pay each employee, whether full or part time, to pay not less than the City’s prevailing minimum wage. The Supermarket is subject to the City’s reasonable approval for purposes of ensuring that the Property is utilized in accordance with the terms of this Agreement.
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Examples of Supermarket Lease in a sentence

  • There is no dispute that the rent under the Supermarket Lease was delinquent when YEI abandoned the premises and Cuzco USA took possession.

  • Yedang USA also filed, in the main bankruptcy case, a proof of claim asserting claims of (a) $2,700,000.00 for the Supermarket Lease, (b) $525,000.00 for early termination of the Retail Shops Lease, and (c) $1,184,2405 for money lent to Cuzco USA plus $328,861.83 of prepetition interest.

  • Hawaii law governs pursuant to section 34.08 of the Supermarket Lease.

  • The Supermarket Lease Claims Yedang USA contends that Cuzco USA wrongfully terminated the Supermarket Lease.

  • Under the provision of this indemnity, PCRT will be no worse off under the Carrefour Lease Agreement as Summit Group will indemnify and compensate Shenyang Summit for any potential financial or rental loss resulting from the transfer of the Summit Supermarket Lease Agreement and the entry into of the Carrefour Lease Agreement.The Indemnity Agreement is for a period of 20 years, commencing from the Lease Commencement Date.

  • Under the terms of the Indemnity Agreement, if the rental income4 received from Carrefour Shenyang falls below what would otherwise have been paid by Summit Supermarket under the Summit Supermarket Lease Agreement, Summit Group will indemnify and compensate Shenyang Summit for any financial or rental loss incurred.

  • From a financial standpoint, the Indemnity Agreement will ensure that PCRT is no worse off financially from the original Summit Supermarket Lease Agreement as the Summit Group will indemnify and compensate Shenyang Summit for any potential financial or rental loss as a result of the Carrefour Lease Agreement.

  • However, should Carrefour Shenyang trade well and generate annual sales exceeding RMB 400 million, under the Carrefour Lease Agreement, it will pay more rental than the current lease under the Summit Supermarket Lease Agreement.

  • In connection with the Carrefour Lease Agreement, Shenyang Summit had on 5 April 2012, entered into the Indemnity Agreement with Summit Group to safeguard the interests of PCRT pertaining to the original Summit Supermarket Lease Agreement.

Related to Supermarket Lease

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

  • Net Lease means a lease in which the tenant undertakes to pay all or substantially all the cash expenses, excluding debt service, related to the leased property.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • 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.

  • Existing Franchise Agreement means that certain franchise license agreement between the Seller and the Franchisor, granting to Seller a franchise to operate the Hotel under the Brand.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Approved Lease has the meaning set forth in Section 6.11(a).

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Hotel means any establishment used for the purpose of temporary, overnight lodging for which a fee is paid and reservations are required.

  • Casino means a casino as defined in section 1 of the KwaZulu-Natal Gaming and Betting Act, 2010 (Act No. 8 of 2010);

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Urban renewal project means undertakings and activities of a municipality in an urban renewal area for the elimination and for the prevention of the development or spread of slums and blight, and may involve slum clearance and redevelopment in an urban renewal area, or rehabilitation or conservation in an urban renewal area, or any combination or part of them in accordance with an urban renewal plan. These undertakings and activities may include:

  • Leash means attaches the bird to the perch or falconer's glove.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Property Management Agreement means that certain management agreement between the Company and the Property Manager with respect to the management of the Property.

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Franchise Agreement or “Agreement” shall mean this Agreement and any amendments or modifications hereto.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Lease means any agreement, whether written or oral, no matter how styled or structured, pursuant to which a Loan Party is entitled to the use or occupancy of any real property for any period of time.

  • 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.

  • Retail marijuana store means an entity licensed to purchase marijuana from marijuana cultivation facilities and marijuana and marijuana products from marijuana product manufacturing facilities and to sell marijuana and marijuana products to consumers.

  • Space Leases means any and all leases, subleases, lettings, licenses, concessions, operating agreements, management agreements, and all other agreements affecting the Trust Estate that Trustor has entered into, taken by assignment, taken subject to, or assumed, or has otherwise become bound by, now or in the future, that give any person the right to conduct its business on, or otherwise use, operate or occupy, all or any portion of the Site or Improvements and any leases, agreements or arrangements permitting anyone to enter upon or use any of the Trust Estate to extract or remove natural resources of any kind, together with all amendments, extensions, and renewals of the foregoing entered into in compliance with this Deed of Trust, together with all rental, occupancy, service, maintenance or any other similar agreements pertaining to use or occupation of, or the rendering of services at the Site, the Improvements or any part thereof.