Basic Lease Sample Clauses

Basic Lease. This Agreement shall be and remain subordinate to the provisions of the Basic Lease between the Port Authority and the City of New York.
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Basic Lease. Sublessee shall be bound by and fully perform and comply with each and every covenant and condition contained in the Basic Lease (except the provision to pay rent to the Lessor) and this Commercial Sublease is hereby expressly made subject to all of' the terms, conditions and Iimitations contained in the Basic Lease.
Sample 1
Basic Lease. (a) The Lessee acknowledges that it has received a copy, and is familiar with the contents, of the Basic Lease. The rights of the Port Authority in the Premises are those granted to it by the Basic Lease, and no greater rights are granted or intended to be granted to the Lessee than the Port Authority has power thereunder to grant.
Sample 1
Basic Lease. INFORMATION In addition to the terms used in the Article which are defined elsewhere in this Lease, the following defined terms may be used in this Lease:
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Basic Lease 
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Related to Basic Lease

  • BASIC LEASE TERMS For purposes of this Lease, the following terms have the following definitions and meanings:

  • BASIC LEASE PROVISIONS Each reference in this Lease to the “

  • BASIC LEASE INFORMATION In addition to the terms that are defined elsewhere in this Lease, these terms are used in this Lease:

  • SUMMARY OF BASIC LEASE INFORMATION TERMS OF LEASE DESCRIPTION

  • Synthetic Lease Any lease of goods or other property, whether real or personal, which is treated as an operating lease under GAAP and as a loan or financing for U.S. income tax purposes.

  • Lease Supplement The Lease Supplement No. 1 (Federal Express Corporation Trust No. N676FE) to be dated the Delivery Date, substantially in the form of Exhibit A to the Lease. Lease Term. The period commencing on the Delivery Date and ending at the end of the Basic Term. Lessee. Federal Express Corporation, a Delaware corporation.

  • Operating Lease The parties hereto intend that this Lease shall be deemed for all purposes to be an operating lease and not a capital lease.

  • New Lease The Ground Lease requires the ground lessor to enter into a new lease with Lender upon termination of the Ground Lease for any reason, including rejection of the Ground Lease in a bankruptcy proceeding.

  • Payment of Basic Rent Basic Rent shall be paid absolutely net to Lessor or its designee, so that this Lease shall yield to Lessor the full amount thereof, without setoff, deduction or reduction.

  • Capitalized Lease A lease under which the discounted future rental payment obligations of the lessee or the obligor are required to be capitalized on the balance sheet of such Person in accordance with GAAP.

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