Unit Lease definition

Unit Lease has the meaning defined in the Indenture.
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Unit Lease when used in the singular, shall refer to either the FC Unit Lease, the NYTC Unit Lease or any other such sublease (as each may be amended, supplemented and/or restated from time to time as permitted hereunder), as appropriate.
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Unit Lease shall have the meaning ascribed to such term in Section 5.01;
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Examples of Unit Lease in a sentence

  • Any occupant of the Rental Affordable Unit who is eighteen (18) years or older shall be a party to the lease agreement and shall execute the Rental Affordable Unit Lease Rider.

  • Each Residential Unit Lease must state, and it is a material consideration of this restriction, that the Housing Department has the ultimate and final authority to determine eligibility of households renting Residential Units.

  • To lease a Rental Affordable Unit to a Qualified Tenant, Developer shall use a lease agreement to which is attached and incorporated a Rental Affordable Unit Lease Rider.

  • If more than one (1) month remains on the term of such former Qualified Resident’s Unit Lease, Lessor shall have the right, in its sole discretion, upon thirty (30) days’ prior written notice to such former Qualified Resident, to require such Former Qualified Resident to pay Lessor’s then-market rental amount as to the applicable Unit for the remainder of such Former Qualified Resident’s lease term.

  • The Rental Affordable Unit Lease Rider shall be executed by Developer and each Qualified Tenant prior to the Qualified Tenant’s occupancy of the Rental Affordable Unit.

  • Notwithstanding the foregoing, prior to making a demand to Lessee for payment of unpaid amounts, Lessor agrees to use good faith, commercially reasonable efforts to enforce the terms of each Qualified Resident’s Unit Lease, including attempting to collect unpaid Scheduled Unit Rent owed and promptly commencing and diligently prosecuting to conclusion unlawful detainer actions if reasonably necessary to recover possession of a Unit from defaulting Qualified Residents as soon as reasonably possible.

  • Furthermore, if Lessor and such former Qualified Resident shall desire to renew or extend the term of such party’s Unit Lease, such Unit shall thereafter no longer be considered one of the “Units” subject to the terms of this Lease, and Exhibit B shall be accordingly updated as part of the next Annual Update.

  • Upon Landlord’s request (which will be limited to no more than two (2) times in any calendar year and at any time when Tenant is in an Event of Default under this Lease), Tenant will provide (a) a copy of a rent roll for the Project showing the name of each Residential Tenant, the Residential Unit occupied, the Residential Unit Lease expiration date, the rent payable for the current month, and the date through which rent has been paid.

  • The parties anticipate that most Qualified Residents shall lease Units on a calendar year basis (i.e., with each Unit Lease term to commence on January 1).

  • So long as Tenant pays all of the Fixed Rent and Additional Charges and is not in default after notice and the expiration of any grace period with respect to such default, Tenant shall peaceably and quietly have, hold and enjoy the Premises without hindrance, ejection or molestation by Landlord or any person lawfully claiming through or under Landlord, subject, nevertheless, to the provisions of this Lease, the Declaration, the By-laws, the Unit Lease and any Superior Leases and Superior Mortgages.


More Definitions of Unit Lease

Unit Lease means that certain Industrial Building Lease of even date between Buyer and Stockholder with respect to 7471 Xxxx 00xx Xxxxxx, Xxxx X, Xxxxxxxxxx, XX 00000 xxx 7461 West 93rd Street, Unit F, Bridgeview, IL 60455.
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Unit Lease means the written lease to be entered into, the form and content of which is attached as Exhibit "C" to the Master Ground Lease, between the Master Ground Lessor, as lessor, and each person to whom the Developer sells and transfers a Unit, as lessee. As more particularly set forth in the Master Ground Lease, the Developer may execute the Unit Lease on behalf of Master Ground Lessor.
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Unit Lease means, as a noun, an agreement between Developer and a tenant to lease, sublease or license any Vertical Improvement or portion thereof, including any Unit or other space, and, as a verb, shall mean the leasing by Developer of any Vertical Improvement or portion thereof, including any Unit, to a tenant.
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Unit Lease means an agreement between a Borrower and a third-party customer evidencing (a) the transfer of a leasehold interest in a Unit and a sublease in the Unit Site on which such Unit is located by such Borrower to such third-party customer on such terms and conditions as set forth therein and (b) as a result of such transfer, the creation of a Unit Lease Receivable in favor of such Borrower.
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Related to Unit Lease

  • 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.

  • 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.

  • 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.

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

  • 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:

  • 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).

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

  • Condominium unit A Single Family Property within a Condominium Project.

  • 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.

  • Company Lease means any lease, sublease, sub-sublease, license and other agreement under which the Company or any of its Subsidiaries leases, subleases, licenses, uses or occupies (in each case whether as landlord, tenant, sublandlord, subtenant or by other occupancy arrangement), or has the right to use or occupy, now or in the future, any real property.

  • Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.

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

  • New Lease Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.

  • 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.

  • Mining Lease means the mining lease granted pursuant to Clause 12 and includes any renewal thereof and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;

  • Redevelopment Agreement means an agreement between the

  • Utility easement means a right held by a facility operator to install, maintain, and access an underground facility or pipeline.

  • Redevelopment entity means a municipality or an entity

  • Financeable Ground Lease means, a ground lease reasonably satisfactory to the Administrative Agent on behalf of the Lenders, which must provide customary protections for a potential leasehold mortgagee (“Mortgagee”) such as (i) a remaining term, including any optional extension terms exercisable unilaterally by the tenant, of no less than 25 years, (ii) a provision that the ground lease will not be terminated until the Mortgagee has received notice of a default, has had a reasonable opportunity to cure and has failed to do so, (iii) provision for a new lease to the Mortgagee as tenant on the same terms if the ground lease is terminated for any reason, (iv) transferability of the tenant’s interest under the ground lease by the Mortgagee without any requirement for consent of the ground lessor unless based on delivery of customary assignment and assumption agreements from the transferor and transferee, (v) the ability of the tenant to mortgage tenant’s interest under the ground lease without any requirement for consent of the ground lessor and (vi) provisions that the tenant under the ground lease (or the leasehold mortgagee) has customary protections with respect to the application of insurance proceeds or condemnation awards attributable to the tenant’s interest under the ground lease and related improvements.

  • Redevelopment Contract means this redevelopment contract between the Authority and Redeveloper with respect to the Project.

  • Condominium Plan means a plan described in Section 4285.

  • Operating Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • Sublease Agreement means that certain Sublease Agreement, dated as of May 1, 2021 by and between the Company and the Agency.

  • Residential Rental Unit means an area legally licensed or permitted for use as a living space containing a sleeping area, bathing and sanitation facilities and cooking facilities equipped with a cooking range, refrigerator and sink, all of which are separate and distinct from other Residential Rental Units. Reg. §§ 1.103-8(a) 8(i).

  • 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:

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;