Terminated Lease definition

Terminated Lease means, as of any date, any Lease Agreement that was terminated by the related Lessee prior to its Maturity Date (and the Lessee is not in default under such Lease Agreement).

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Terminated Lease a lease that is terminated prior to its original stated maturity (but not on account of casualty or a Lease default).

Terminated Lease means a Warehouse SUBI Lease that has reached its Lease Maturity Date or Early Lease Termination Date.

Examples of Terminated Lease in a sentence

• The decision to enter into a lease assumption or re-lease the Terminated Lease Property shall be made by the Special Servicer in accordance with the Servicing Standard.

• If the Special Servicer is successful in leasing the Terminated Lease Property or REO Property, a new Appraised Value will be obtained by the Special Servicer for the Terminated Lease Property or REO Property in the Special Servicer’s discretion, and the costs of any such appraisal shall be a Property Protection Advance.

• No Interested Person shall be obligated to submit a bid to purchase any such Terminated Lease Property or REO Property.

• The decision to enter into a lease assumption or re-lease the Terminated Lease Property or REO Property shall be made by the Special Servicer in accordance with the Servicing Standard.

• Such appraiser shall be selected by the Special Servicer if the Special Servicer is not bidding with respect to a Terminated Lease Property or REO Property and shall be selected by the Property Manager if the Special Servicer is bidding, provided that if the Property Manager and the Special Servicer are the same Person and such Person is bidding, then such appraiser shall be selected by the Indenture Trustee.

More Definitions of Terminated Lease

Terminated Lease means any Lease (i) the Store of which Buyer or the Company and its Subsidiaries are deprived the possession of as a result of Lease Enforcement Proceedings, but only after (A) a final court order for which all applicable appeal periods have expired or (B) a settlement negotiated by Buyer with Landlord which requires Buyer to vacate such Store, provided that (x) at such time as the aggregate Lease Termination Costs exceed $7,500,000, if the Lease Termination Costs with respect to such Terminated Lease would exceed $400,000 or (y) at such time as the aggregate Lease Termination Costs exceed

Terminated Lease means any Lease (i) the premises of which Buyer

Terminated Lease shall have the meaning set forth in Section 7.1.1.3.

Terminated Lease means any Lease (i) the Store of which Buyer or the Company and its Subsidiaries are deprived the possession of as a result of Lease Enforcement Proceedings, but only after (A) a final court order for which all applicable appeal periods have expired or (B) a settlement negotiated by Buyer with Landlord which requires Buyer to vacate such Store, provided that (x) at such time as the aggregate Lease Termination Costs exceed $7,500,000, if the Lease Termination Costs with respect to such Terminated Lease would exceed $400,000 or (y) at such time as the aggregate Lease Termination Costs exceed $10,000,000, if such settlement would result in a liability to Seller pursuant to Section 7.04(d) in excess of $200,000, then, in either case, such settlement shall be subject to the prior approval of Seller, which approval shall not be unreasonably conditioned, delayed or withheld; or (ii) which Seller and Buyer at any time mutually agree in writing is a Terminated Lease.

Terminated Lease means any Lease for which the Debtors enter into a written agreement with the applicable landlord that has the effect of terminating such Lease for cash value paid to the Debtors; provided, that for the avoidance of doubt, Hilco shall not be entitled to any Terminated Lease Fee in connection with a rejection without value (by the Debtors) under section 365 of the Bankruptcy Code.

Terminated Lease means any Retained Lease that has not been assigned to Buyer where Buyer’s ability to occupy and use the leased premises in the conduct of the Business for the remaining scheduled term of the Retained Lease (including any renewal term specified in the Retained Lease to the extent that such Retained Lease has been renewed) is materially impaired as a result of action taken by or on behalf of the lessor due to Seller’s failure to obtain the lessor’s Consent.

Terminated Lease means any Lease for which the Company enters into a written agreement with the applicable landlord that has the effect of terminating such Lease for cash value paid to the Company; provided, further, and for the avoidance of doubt, Hilco shall not be entitled to any Terminated Lease Fee in connection with a rejection without value (by the Company) under Section 365 of the Bankruptcy Code (as defined below) if the Company becomes the subject of a bankruptcy proceeding.