Basic Term definition

Basic Term shall have the meaning specified in Section 2.2 of the Lease.

Basic Term means the term for which the Aircraft is leased pursuant to Section 3(a) of the Lease, commencing on the Delivery Date and ending on the Basic Term Expiration Date.

Basic Term means the period commencing at the beginning of the day on the Delivery Date and ending at end of the day on the Expiration Date, or such earlier date on which the Lease shall be terminated as provided therein.

Examples of Basic Term in a sentence

• Basic Term Life Insurance will be provided and paid by the District for eligible employees in the following amounts: $20,000 face value for full-time eligible employees.

• The Company shall have the option to extend the Basic Term of this Lease for the Additional Term provided that (a) the Company shall give the Issuer written notice of its intention to exercise each such option at least 30 days prior to the expiration of the Basic Term and (b) the Company is not in default hereunder in the payment of Basic Rent or Additional Rent at the time it gives the Issuer such notice or at the time the Additional Term commences.

• Eligible employees must submit a signed application card to the Company for the Basic Term Life Insurance.

• As to each Unit, the term for each Schedule (“Initial Term”) shall begin on the Installation Date of such Unit, and shall continue throughout the expiration of the Basic Term.

• The Company shall and covenants and agrees that it will, throughout the Basic Term at its sole cost and expense, keep the Improvements continuously insured against loss or damage by fire, lightning and all other risks covered by the broadest form extended coverage insurance endorsements then in use in the State in an amount equal to the Full Insurable Value thereof in such insurance company or companies as it may select.

More Definitions of Basic Term

Basic Term means the period specified in Lease Supplement No. 3.

Basic Term means that term commencing as of the date of this Lease and ending on February 1, 2030, subject to prior termination as specified in this Lease, but ending, in any event, when all of the principal of, redemption premium, if any, and interest on all Outstanding Bonds shall have been paid in full or provision made for their payment in accordance with the provisions of the Indenture.

Basic Term shall have the meaning assigned thereto in Section 3.1 of the ---------- Lease.

Basic Term with respect to the Lease, and subject to the terms and conditions set forth therein and in the other Operative Documents, the period commencing on the Lease Commencement Date and ending on the earlier to occur of (i) the Option Date, (ii) the Cancellation Date, or (iii) the Scheduled Lease Termination Date.

Basic Term has the meaning specified in the Lease.

Basic Term means that term commencing as of the date of this Lease and ending on December 1, 2016, subject to prior termination as specified in this Lease, but ending, in any event, when all of the principal of, redemption premium, if any, and interest on all Outstanding Bonds shall have been paid in full or provision made for their payment in accordance with the provisions of the Indenture.

Basic Term means each of those terms defined as such at the commencement of this Lease.