Ground Lease

Ground Lease. That certain Lease, dated January 25, 1951, by and among Mathew Micolino, Jr., Dorothy M. Gucker, and Viola Micolino Carr, collectively, as landlord, and Marth F. Keeping, as tenant; landlord's interest in the lease assigned to 112 West 34th Street Associates L.L.C. pursuant to Assignment of Lease, dated July 10, 2008, from Viola D. Sullivan, as Trustee of the Viola D. Sullivan Trust, Alyce Micolino, Frances T. Carr, Douglas E. Carr, Barbara E. Carr Smith, and Christopher E. Carr

Ground Lease. A ground lease containing the following terms and conditions: (a) a remaining term (exclusive of any unexercised extension options) of twenty (20) years or more from the date on which of the Underlying Collateral was financed, (b) the right of the lessee to mortgage and encumber its interest in the leased property without the consent of the lessor or with such consent given, (c) the obligation of the lessor to give the holder of any mortgage lien on such leased property written notice of any... defaults on the part of the lessee and agreement of such lessor that such lease will not be terminated until such holder has had a reasonable opportunity to cure or complete foreclosures, and fails to do so, (d) reasonable transferability of the lessee's interest under such lease, including ability to sublease, and (e) such other rights View More

Ground Lease. Shall have the meaning set forth on Exhibit B of that certain Leasehold Deed of Trust, Assignment of Rents and Leases, Security Agreement and Fixture Filing, recorded on September 18, 2013 with the Maricopa County Recorder as document 20130838254, which will be assigned to Lender as Collateral.

Ground Lease. Is defined in Exhibit III of the Repurchase Agreement.