Third Party Lease definition

Third Party Lease means any Lease that covers all or any portion of any Property with a Tenant that is not an affiliate of Borrower.

Third Party Lease shall have the meaning set forth in Section 4.1.9(b).

Third Party Lease means each lease or other right of occupancy affecting or relating to a property in which any Seller (or an entity in which it directly or indirectly has an interest) is the landlord, either pursuant to the terms of a lease agreement or as successor to any prior landlord.

Examples of Third Party Lease in a sentence

• Each Third Party Lease is valid, binding and enforceable in accordance with its terms and is in full force and effect, except as may be limited by bankruptcy, insolvency, moratorium, reorganization or similar laws affecting the rights of creditors generally and the availability of equitable remedies.

• Assuming the due authorization, execution and delivery by the counterparty thereto, each Third Party Lease is valid, binding and enforceable in accordance with its terms and is in full force and effect, except as may be limited by bankruptcy, insolvency, moratorium, reorganization or similar laws affecting the rights of creditors generally and the availability of equitable remedies.

• Each Third Party Lease is valid, binding and enforceable in accordance with its terms and is in full force and effect (except as may be limited by bankruptcy, insolvency, moratorium, reorganization or similar laws affecting the rights of creditors generally and the availability of equitable remedies).

• Assignee agrees to fully, completely and unconditionally indemnify and hold Assignor harmless from and against all claims, losses, expenses, liabilities, damages, including without limitation, interest and penalties, attorneys’ fees, and all amounts paid in settlement of any claim, that may be asserted against Assignor, or which Assignor may incur or suffer and that arise under a Third Party Lease, License or Contract after the date of closing of the transaction contemplated in the Agreement.

• Assignor agrees to fully, completely and unconditionally indemnify and hold Assignee harmless from and against all claims, losses, expenses, liabilities, damages, including without limitation, interest and penalties, attorneys’ fees, and all amounts paid in settlement of any claim, that may be asserted against Assignee, or which Assignee may incur or suffer and that arise under a Third Party Lease, License or Contract prior to the date of closing of the transaction contemplated in the Agreement.

More Definitions of Third Party Lease

Third Party Lease means any lease or sublease listed in Schedule 4.20(c).

Third Party Lease means all written or oral leases, subleases and other agreements under which the Company or any Subsidiary leases, licenses, subleases or otherwise authorizes the use or occupancy, or grants the right to lease, license, use or occupy, to any Third Party any portion of the Real Property, including all amendments, extensions, renewals, guaranties and other agreements with respect thereto. Other capitalized terms defined elsewhere in this Agreement and not defined in this Article I shall have the meanings assigned to such terms in this Agreement.

Third Party Lease means a lease between a Third Party Lessor, as landlord and Landlord, or an Affiliate and/or Subsidiary of Landlord, as tenant, for any Property. The Power Test Leases are not Third Party Leases for any purpose hereunder.

Third Party Lease a lease agreement between an unaffiliated third party, as lessor, and a Restricted Subsidiary, as lessee.

Third Party Lease is defined in Section 13(a) of the Master Lease.

Third Party Lease means any real property lease or other type of contract, whether commercial or residential, (i) entered into by and between either of the Debtors and any Person for the rental of space at the Independent Living Facility as set forth on Exhibit B hereto or (ii) entered into by and between either of the Debtors and any Person after July 31, 2017 for the rental of space at the Independent Living Facility.

Third Party Lease means the Leases between the Vendor and the owner of Leased Real Property that is not an Affiliate of the Vendor.