Lease

Lease. An oil, gas, mineral or other leases owned by the Company or KEP, as the case may be (including, for this purpose, oil, gas, mineral and other leases which the New Partners have agreed to contribute to KEP pursuant to the KEP Subscription Agreement).

Lease. That certain Farm Lease dated November 1, 2012 by and between Seller, Andy Matsui, Trustee of the 2010 Matsui Charitable Remainder Unitrust UTA dated December 20, 2010, and Andy Matsui, Trustee of the 2011 Matsui Charitable Remainder Unitrust UTA dated January 3, 2011 (collectively as landlord) and Adrian Mendoza, Eliseo Mendoza, and Jose Mendoza, d/b/a Mendoza Farms (collectively as tenant) for the Property and four (4) additional parcels of real property.

Lease. That certain Lease Agreement to be entered into at Closing between Buyer, as lessor, and Seller, as lessee, pursuant to which Seller shall lease back the Premises and Improvements from Buyer. Prior to the expiration of the Inspection Period, Buyer and Seller shall cooperate in good-faith to finalize any negotiations of this Lease, which Buyer agrees to provide to Seller commencing on the Closing Date for a period ten (10) years. Seller shall provide a form proposed Lease on or before five days... from the Effective Date of this Agreement and the parties shall use good faith efforts to finalize the form Lease fifteen days from the Effective Date. Upon finalizing the negotiations of the draft form Lease, the parties will sign an amendment to this Agreement, incorporating the form Lease as Exhibit B to this Agreement, which shall take effect at Closing. The Lease shall (i) be a so-called absolute triple net lease, (ii) provide for a rental rate equal to FOUR AND 50/100 DOLLARS ($4.50) per square foot with three percent (3.0%) annual increases and two (2) five (5) years renewal options at the greater of (a) ninety five percent (95.0%) of the then fair market value, or (b) the last effective base rent in the last year of the expiring term of the Lease, and (iii) be secured by Seller at Closing with a letter of credit drawn on Wells Fargo Bank or any other financial institution reasonably acceptable to Seller in the amount of ONE MILLION EIGHT HUNDRED SEVENTY TWO THOUSAND EIGHT HUNDRED EIGHTY EIGHT AND 75/100 DOLLARS ($1,872,888.75). Seller and Buyer agree, at any time during the term of the Lease, that Seller may, at Seller's sole election, upon delivering written evidence to Buyer of a TWENTY FIVE MILLION AND NO/100 DOLLARS ($25,000,000.00) or more trailing EBITDA (earnings before interest, taxes, depreciation, and amortization) for any twelve (12) month period, together with reasonable supporting documentation, decrease said letter of credit to (or substitute said letter of credit with a cash deposit in) an amount equal to FOUR HUNDRED TEN THOUSAND AND NO/100 DOLLARS ($410,000.00) to then be held as security for the remainder of the term of the Lease View More

Lease. Unless the context otherwise requires, any lease or sublease for any portion of a Property.

Lease. Unless the context otherwise requires, any lease or sublease made by Owner or Owner JV as landlord or by its predecessor.

Lease. The term "LEASE" as used herein and in the Original Lease shall mean and refer to the Original Lease as amended by this First Amendment.

Lease. A lease pursuant to which either of the Kidz Biz Companies is a lessee of any Real Property

Lease. With respect to an Equipment Group, this Master Equipment Lease Agreement and the Equipment Schedule on which such Equipment Group is described, including all addenda attached thereto and made a part thereof

Lease. Means that certain Industrial Lease Agreement of even date herewith by and between Purchaser, as landlord, and 8650 Commerce Drive, LLC, as tenant, for property located at 8650 Commerce Drive, Southaven, Mississippi.

Lease. Existing Master Lease