Operating Lessor definition

Operating Lessor means collectively those lessors party to the Operating Leases from time to time.
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Operating Lessor means ARC NY120W5701, LLC, a Delaware limited liability company, together with its permitted successors and permitted assigns, as lessor, pursuant to the Operating Lease and this Agreement.
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Operating Lessor means, with respect to each Summerfield Suites Individual Property, Innkeepers Summerfield General, L. P. and with respect to each Residence Inn Individual Property, Innkeepers RI Northwest, L.P.
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Examples of Operating Lessor in a sentence

  • Such damage or destruction shall not terminate this Lease, and the insurance proceeds shall be paid out by Operating Lessor from time to time for the reasonable costs of such restoration upon satisfaction of reasonable terms and conditions specified by Operating Lessor, and any excess proceeds remaining after such restoration shall be retained by Operating Lessor.

  • Operating Lessor and Operating Lessee shall each, upon request of the other, provide such data as is maintained by the party to whom the request is made with respect to the Leased Property as may be necessary to prepare any required returns and reports.

  • The Operating Lessor may negotiate with the applicable Operating Lessee additional exceptions and qualifications which are consistent with the Standard.

  • Operating Lessee acknowledges that the Leased Property is the property of Operating Lessor and that Operating Lessee has only the right to the possession and use of the Leased Property upon the terms and conditions of this Lease.

  • The obligations of Operating Lessee and rights of Operating Lessor contained in this Article 15 shall survive the expiration or earlier termination of this Lease.

  • All of the policies of insurance referred to in this Article 11 shall be written in a form, with deductibles and by insurance companies reasonably satisfactory to Operating Lessor and also shall meet and satisfy the requirements of any ground lessor, lender or franchisor having any interest in the Leased Premises.

  • Upon the expiration or termination of the Term of this Lease, for whatever reason, Operating Lessor and Operating Lessee shall do the following (and the provisions of this Section 33.2 shall survive the expiration or termination of this Lease until they have been fully performed) and, in general, shall cooperate in good faith to effect an orderly transition of the management or lease of any Facility.

  • In the event of adverse or beneficial impact on the Facility's operations, in either case resulting from a change in the Competitive Supply included in the boundaries set forth in the Area Protection Agreement contained in the ________ agreement, Operating Lessor and Operating Lessee shall, in good faith, negotiate possible modifications to the Minimum Rent and Adjusted Gross Rent to determine an appropriate adjustment of Rent and the effective date of such adjustment.

  • Provided, however, to the extent permitted by law, Operating Lessor hereby assigns to Operating Lessee all of Operating Lessor's rights to proceed against any predecessor in title other than Operating Lessee (or an Affiliate of Operating Lessee which conveyed the Property to Operating Lessor) or any contractor, materialmen or other similar Persons for breaches of warranties or representations or for latent defects in the Leased Property.

  • Anything contained in this Lease to the contrary notwithstanding, all claims against, and liabilities of, Operating Lessee or Operating Lessor arising prior to any date of termination of this Lease shall survive such termination.


More Definitions of Operating Lessor

Operating Lessor collectively those lessors party to the Operating Leases from time to time.
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Operating Lessor means, in respect of an Aircraft, as of any time, the Lessee or Sublessee, as the case may be, which is the lessor under the Operating Lease for such Aircraft.
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Operating Lessor means 590 South 5th Avenue, LLC, a Delaware limited liability company, from whom Borrower has leased the Licensed Location.
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Related to Operating Lessor

  • 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.

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

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

  • 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.

  • 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.