New Operating Lessee definition

New Operating Lessee has the meaning set forth in Section 7.6(b).
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New Operating Lessee. Shall have the meaning given to it in Article XVIII.
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New Operating Lessee is defined in Section 7.4(b) hereof.
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Examples of New Operating Lessee in a sentence

  • To the extent that Owner or New Operating Lessee receives rents or other payments payable under the Space Leases on or after the Closing Date, such payments shall be applied first towards the payment in full of all rents currently due with respect to periods following the Cut-off Time, with the balance applied to delinquent rents or other amounts due for the benefit of Seller for the period prior to the Cut-off Time.

  • At the Closing, Owner and New Operating Lessee shall retain all Cash-On-Hand and Account Cash such that after the Closing and Restructuring the Purchaser will receive the economic benefit of the Purchaser Prorata Share thereof.

  • Borrower shall cause to be executed and delivered, on the date of this Agreement, a deed conveying the Additional Parcel to New Borrower and shall cause New Borrower and New Operating Lessee to execute and deliver to Lender a Modification and Spreader Agreement whereby the lien of the Security Instrument is spread to encumber the Additional Parcel.

  • Each of New Borrower and New Operating Lessee hereby agrees to use its best efforts to obtain confirmation of its qualification to do business in Arizona as soon as possible after the Effective Date and, upon receipt of such confirmation, to deliver to Lender a certificate from the Secretary of State of Arizona evidencing such party’s qualification to do business in Arizona.

  • New Operating Lessee: ▇▇▇▇▇▇/SHR FPH, LLC, a Delaware limited liability company By: Name: ▇▇▇▇▇▇ ▇.

  • New Borrower and, as applicable, New Operating Lessee, shall henceforth be deemed to be the “Mortgagor,” “Assignor,” “Trustor,” “Grantor,” “Indemnitor” and/or “Borrower” under each of the Loan Documents.

  • New Borrower and New Operating Lessee acknowledge that in consummation of this assumption, New Borrower and New Operating Lessee have not relied on any representations by Lender regarding the Property, the title thereto or any other matter.

  • The foregoing assumption by New Operating Lessee is absolute and unconditional.

  • Bonjour Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇ New Operating Lessee: ▇▇▇▇▇▇/SHR FPH, LLC c/o Strategic Hotels & Resorts ▇▇▇ ▇.

Related to New Operating Lessee

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • SPE means any bankruptcy-remote, special-purpose entity created in connection with the financing of settlement float with respect to customer funds or otherwise.

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • Mortgage Borrower shall have the meaning ascribed to the term “Borrower” in the Loan Agreement (Mortgage).