Lease

Lease. Shall have the same meaning as is ascribed to such capitalized term in the Lease

Lease. A lease or rental agreement now or hereafter existing between the Venture, as lessor or landlord (whether initially or by assignment) and an Entity.

Lease. GRANT.

Lease. As amended hereby

Lease. The Lease of even date herewith between Lender, as landlord, and Debtor, as tenant, evidencing the lease of approximately 11,756 square feet of space at the premises located at 151 Maritime Street, Fall River, Massachusetts (the "Premises").

Lease. As amended by this Addendum is sometimes referred to herein as the "Lease." All references in the Original Lease to the "Lease" shall mean and refer hereafter to the Original Lease as modified by this Addendum.

Lease. Shall collectively mean the Unitary Master Lease Agreement for eight (8) of the Properties and a single site Lease Agreement for the Daytona Premises (which shall be substantially in the same form of the Unitary Master Lease with both such leases being cross-defaulted) to be entered into at each Closing between Buyer, as lessor, and Tenant, as lessee, in the form attached on Exhibit B. The financial terms of the Lease are as follows: initial fifteen (15) year base term with five (5), five (5)... year renewal options, and base rent for the Unitary Master Lease of THREE MILLION SEVEN HUNDRED FORTY-SIX THOUSAND EIGHT HUNDRED THIRTY AND NO/100 DOLLARS ($3,746,830.00) and FIVE HUNDRED SEVENTEEN THOUSAND FIVE HUNDRED SEVENTY-TWO AND NO/100 DOLLARS ($517,572.00) for the Lease for the Daytona Premises with rent increasing annually by two (2) times the positive increase in the Consumer Price Index (as defined in the Lease) not to exceed two percent (2.0%) during the Term and all Option Periods. In the event any Premises is removed from the transaction in accordance with the express provisions of this Agreement, the initial base rent amount under the Lease shall be reduced based on the original allocation for such Premises set forth on Exhibit E and a cap rate of seven and one-half percent (7.5%). View More

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