Common use of Lease of Leased Facility Clause in Contracts

Lease of Leased Facility. Subject to Section 5.1, Lessor agrees to lease to Lessee, and Lessee agrees to lease from Lessor, the Leased Facility subject to and in accordance with the terms and conditions of this Facility Lease, for the Base Term and, subject to Lessee's exercise of its renewal options in accordance with Article 14, the Renewal Terms.

Appears in 2 contracts

Samples: Facility Lease Agreement (Wisconsin Electric Power Co), Facility Lease Agreement (Wisconsin Electric Power Co)

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Lease of Leased Facility. Subject to Section 5.1Effective on the Commercial Operation Date, Lessor agrees to lease to Lessee, and Lessee agrees to lease from Lessor, the Leased Facility Facility, subject to and in accordance with the terms and conditions of this Facility Lease, for the Base Term and, subject to Lessee's ’s exercise of its the renewal options in accordance with Article 1412, the one or more Renewal Terms.

Appears in 2 contracts

Samples: Facility Lease Agreement (Madison Gas & Electric Co), Facility Lease Agreement (Mge Energy Inc)

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Lease of Leased Facility. Subject to Section 5.1, Lessor agrees to lease to Lessee, and Lessee agrees to lease from Lessor, the Leased Facility subject to and in accordance with the terms and conditions of this Facility Lease, for the Base Term and, subject to Lessee's ’s exercise of its renewal options in accordance with Article 14, the Renewal Terms.

Appears in 2 contracts

Samples: Facility Lease Agreement (Wisconsin Energy Corp), Facility Lease Agreement (Wisconsin Energy Corp)

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