Warehouse Leases definition
Examples of Warehouse Leases in a sentence
Purchaser shall reimburse Sellers for the Reasonable Rental Value of the Warehouse Leases for the respective access periods specified on Schedule 5.7 beginning on the Closing Date, and shall indemnify and hold harmless Sellers for any damages, losses, liabilities, costs or expenses arising out of or resulting from Purchaser's entry upon or use of the premises underlying the Warehouse and Office Leases or from any cooperation of Sellers requested by Purchaser in connection therewith.
If the aggregate outstanding amount of all Revolving Credit Loans exceeds the Warehouse Borrowing Base, Borrowers shall either immediately (x) repay such excess in full or (y) pledge additional Eligible Warehouse Leases in accordance with the terms hereof.
Neither Target nor Operating Company has subordinated its interests under any of the Warehouse Leases to any third Person, mortgagee or otherwise except to any lenders of the landlords under such Warehouse Leases in the ordinary course of business.