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).

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 LeaseTermination Date. Lease.

Examples of Terminated Lease in a sentence

• 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.

• 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.

• 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.

• If the Special Servicer leases any Terminated Lease Property or REO Property, the Property Manager shall deliver to the applicable Rating Agency, the Indenture Trustee and the Issuers an amended Owned Property Schedule reflecting the addition of such Lease to the Collateral Pool.

More Definitions of Terminated Lease

Terminated Lease has the meaning set forth in Section 3.5(a).

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 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 (i) the premises of which Buyer

Terminated Lease means any Lease (i) the premises of which Newco, the Company or any Subsidiary cannot take or maintain possession of as of the Closing Date as a result of an injunction or restraining order concerning or resulting from the sale of the Company Shares contemplated by this Agreement, provided that if such injunction or order is later lifted, such Lease will no longer be a Terminated Lease, unless such Lease becomes a Terminated Lease under another provision of this Agreement, (ii) the premises of which Newco, the Company or any Subsidiary must vacate after the Closing Date as a result of (A) a final court or arbitration order, judgment, ruling by a court or arbitrator, writ or other process concerning or resulting from the sale of the Company Shares pursuant to this Agreement for which all applicable appeal periods have expired or (B) a settlement concerning or resulting from the sale of the Company Shares pursuant to this Agreement negotiated by Newco with Landlord which requires Newco to vacate such Store; provided that such settlement shall be subject to the prior approval of Melville, which approval shall not be unreasonably conditioned, delayed or withheld, or (iii) which Melville and Newco at any time mutually agree is a Terminated Lease.

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.

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.