BASIC TERMS OF LEASE Sample Clauses

BASIC TERMS OF LEASE. The following sections set forth basic information referred to in this Lease Agreement and, where appropriate. constitute definitions of the terms hereinafter listed.
Sample 1
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BASIC TERMS OF LEASE. 2.1. The LESSEE will avail Income Tax Depreciation since all the risks and rewards incidental to ownership is transferred to the LESSEE as per AS-19 issued by ICAI. The supply of the Equipment to the LESSEE is on the basis of finance lease rentals. The purchase orders issued by Lessor on the Vendor will be the effective purchase order for this transaction to establish the ownership of the Equipment and Lessor will be the sole and full owner of the Equipment. Lessee’s only rights to the Equipment are as a lessee under this Agreement. Lessee shall hold the Equipment as lessee and shall not contest Lessor’s sole and exclusive ownership of the Equipment. Lessee must not make any representation to any person which is inconsistent with Lessor’s ownership of the Equipment. Lessee must not allow to be placed on any Equipment any markings which are inconsistent with Lessor’s ownership of the Equipment. Lessee must not grant any person any right to the Equipment or any form of security over this Agreement or any of the Equipment without Lessor’s prior written consent. The Equipment remains Lessor’s property whether or not it is fixed to any other property. The Equipment must not be attached to property without Lessor’s prior written consent. If any Equipment does become attached to land, it does not become a fixture and may be removed at Lessee’s cost in accordance with this Agreement. In any case, if the Equipment is attached to land owned by a third party, the written consent of that third party for the removal of the Equipment at any time must be obtained and a copy of the same provided to Lessor. Equipment may not be moved to a location outside India. If Lessee wishes to move Equipment from the location specified in Schedule A to another of Lessee’s business locations in India, Lessee must first give notice to Lessor. Lessor’s prior consent to such a move is required but may not be unreasonably withheld, delayed or conditioned as long as the Equipment remains in Lessee’s possession and control. Notwithstanding the foregoing, Lessor agrees that Equipment may be temporarily moved from the Equipment Location for a period of no longer than 120 consecutive days, provided that such Equipment remains in the custody and control of one of Lessee’s employees whose principal office is the Equipment Location specified in Schedule-A. So long as Lessee is not in default of this Agreement, Lessor will not disturb Lessee’s quiet enjoyment of the Equipment during the term of thi...
Sample 1
BASIC TERMS OF LEASE. For greater certainty of the amendments set out in this Agreement, effective as of and from July 1, 2006, Article 1.1 of the Lease is amended to read as follows:
Sample 1
BASIC TERMS OF LEASE. Each Store Lease shall be a fully triple net lease without offset rights except as specified therein, in financable form. The Store Lease shall provide for a 20 year term with four 5 year renewal options, a full pass through of taxes, maintenance, repair and replacement costs, insurance and operating expenses, increases in base rent every 60 months in the amount of the percentage increase in the consumer price index during the previous 60 month period (determined in accordance with a formula to be agreed upon by Buyer and Seller and set forth in the form of Store Lease), but no such increase shall exceed 10%, and base rent increases at the beginning of each renewal term in the amount of the percentage increase in the consumer price index during the previous 60 month period (determined in accordance with a formula to be agreed upon by Buyer and Seller and set forth in the form of Store Lease), but no such increase shall exceed 12.5%. The initial base rent under each Store Lease shall be as set forth on EXHIBIT B.
Sample 1
BASIC TERMS OF LEASE. (a) Term: ten (10) years and eight (8) months
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BASIC TERMS OF LEASE 
Sample 1

Related to BASIC TERMS OF LEASE

  • TERMS OF LEASE This lease shall be for a term of two (2) school semesters beginning on the 20th day of August 2021 and terminating without notice at 5:00 PM on the 20th day of May 2022. LESSEES shall move-in on a pre-scheduled date as indicated hereafter, and shall move-out at the end of the lease term after a move-out inspection has been completed by LESSOR.

  • TERM OF LEASE This Lease shall commence on the date of ________ and shall continue until its natural termination under this part on the date of ________ at 11:59 PM. After the date of termination, this Lease shall automatically renew and shall continue for the same term amount until Landlord or Tenant undertake cancellation of this Lease in writing. At the expiration of this Lease, Tenant shall be responsible for providing a forwarding address to Landlord to receive any funds owed or other notices.

  • Lease Terms 8.1. The Tenant must observe and perform all conditions and covenants that apply to the Allotment Site contained in any lease under which the Council hold the Allotment Site.

  • Modification of Lease Should any current or prospective mortgagee or ground lessor for the Building or Project require a modification of this Lease, which modification will not cause an increased cost or expense to Tenant or in any other way materially and adversely change the rights and obligations of Tenant hereunder, then and in such event, Tenant agrees that this Lease may be so modified and agrees to execute whatever documents are reasonably required therefor and to deliver the same to Landlord within ten (10) business days following a request therefor. At the request of Landlord or any mortgagee or ground lessor, Tenant agrees to execute a short form of Lease and deliver the same to Landlord within ten (10) business days following the request therefor.

  • Compliance with Terms of Leaseholds Make all payments and otherwise perform all obligations in respect of all leases of real property to which the Borrower or any of its Subsidiaries is a party, keep such leases in full force and effect and not allow such leases to lapse or be terminated or any rights to renew such leases to be forfeited or cancelled, notify the Administrative Agent of any default by any party with respect to such leases and cooperate with the Administrative Agent in all respects to cure any such default, and cause each of its Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not be reasonably likely to have a Material Adverse Effect.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Notice of Lease Owner shall give to Standard & Poor's Ratings Services, a Standard & Poor's Financial Services LLC business, a copy of any notice regarding a lease of the Aircraft required to be given to the Mortgagee pursuant to clause (w) of the first sentence of the penultimate paragraph of Section 4.02(b) of the Trust Indenture, at the time such notice is given to Mortgagee, if at such time Standard & Poor's is then rating the Pass Through Certificates.

  • Construction of Lease This Lease has been prepared by Landlord and its professional advisors and reviewed by Tenant and its professional advisors. Landlord, Tenant, and their advisors believe that this Lease is the product of all their efforts, that it expresses their agreement, and agree that it shall not be interpreted in favor of either Landlord or Tenant or against either Landlord or Tenant merely because of their efforts in preparing it.

  • Amendment of Lease This lease may be amended only by an instrument in writing signed by Landlord and Tenant.

  • DESCRIPTION OF LEASED PREMISES The Lessor agrees to lease to the Lessee the following described square feet (SF) of Additional Description: Hereinafter known as the “Premises”.

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