TRS Lease definition

TRS Lease means that certain Lease Agreement, dated as of November 17, 2017, between Seller and MDR Greensboro HI TRS, LLC, a Delaware limited liability company.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

TRS Lease means an Operating Lease, substantially in the form of Exhibit B attached hereto, to be entered into between Borrower and TRS Lessee for the use and operation of any Individual Property.

TRS Lease means that certain Lease Agreement, dated February 14, 2011, between Borrower, as lessor and TRS Lessee, as lessee.

Examples of TRS Lease in a sentence

Borrower shall not cause or permit the TRS Lessee to own any properties or assets other than personal property and lease/contract rights (including under the TRS Lease and the License Agreements) associated with the operation of the Project and that are encumbered by the Amended and Restated Deed of Trust.
Lender further consents to (A) the execution and delivery of the TRS Lease (provided that such lease shall at all times be subject and subordinate to the liens and encumbrances securing the Obligations) and (B) the execution and delivery of the Management Agreement (subject to the terms and conditions of the Management Agreement Assignment).
Borrower shall deliver written instructions to each Manager of any Individual Property that is subject to a TRS Lease to deliver all Rents payable to the TRS Lessee received by Manager directly to the Cash Management Account.
Owner is the holder of a leasehold interest in the parcel of real property described on Exhibit A attached to this Agreement and incorporated herein and as further identified and described in the “Description of the Hotel” in Schedule 1 (the “Site”) by virtue of that certain TRS Lease Agreement identified in Schedule 1.
Parent shall bear the costs, fees and expenses required to be incurred in connection with the termination of any TRS Lease.

More Definitions of TRS Lease

TRS Lease means the Master Lease Agreement dated October 1, 2015, by Owner, as lessor, and TRS Lessee, as lessee.

TRS Lease means that certain Lease Agreement dated as of the date hereof by and among TRS Lessee, TIC Borrower 1 and TIC Borrower 2, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time in accordance with the terms hereof.

TRS Lease means that certain Lease Agreement between MDR, as Landlord, and TRS, as Tenant, dated September 28, 2019.

TRS Lease means, with respect to each Mortgaged Property, that certain lease agreement described on Schedule M, dated as of the date set forth on Schedule M, between the applicable Borrower (or its predecessor in interest), as lessor, and the applicable TRS Lessee, as lessee.

TRS Lease the meaning given in Section 2.2. 4

TRS Lease and “TRS Leases” shall have the meanings set forth in the Recitals.

TRS Lease a lease pursuant to which SNH or a subsidiary of SNH leases a Property to another SNH subsidiary.