Common use of Triple Net Lease Clause in Contracts

Triple Net Lease. A Lease of all of the leasable area of an Unencumbered Pool Property under which the Tenant pays all operating expenses of the property including, without limitation, insurance, taxes, maintenance and capital expenditures relating to such property.

Appears in 4 contracts

Sources: Term Credit Agreement (STORE CAPITAL Corp), Credit Agreement (STORE CAPITAL Corp), Bridge Loan Credit Agreement (STORE CAPITAL Corp)

Triple Net Lease. A Lease of all of the leasable area of an Unencumbered Pool a Borrowing Base Property under which the Tenant pays all operating expenses of the property including, without limitation, insurance, taxes, maintenance and capital expenditures relating to such property.

Appears in 2 contracts

Sources: Credit Agreement (Modiv Inc.), Credit Agreement (Four Springs Capital Trust)

Triple Net Lease. A Lease of all of the leasable area of an Unencumbered Pool Borrowing Base Property under which the Tenant pays all operating expenses of the property including, without limitation, insurance, taxes, maintenance and capital expenditures relating to such property.

Appears in 1 contract

Sources: Credit Agreement (Four Springs Capital Trust)