Long-Term Leases. The Company will not, and will not permit any Subsidiary to, become obligated, as lessee under any Long-Term Lease unless, at the time of entering into such Long-Term Lease and after giving effect thereto, the average aggregate annual Rentals payable by the Company and its Subsidiaries on a consolidated basis during the term of such Long-Term Lease pursuant to Long-Term Leases will not exceed 10% of Consolidated Net Worth, determined as of the end of the Company's prior Fiscal Quarter.
Long-Term Leases. In the case of a long term lease, the lessee is responsible for reporting and paying fuel taxes. However, the lessor may apply to the ministry to be deemed the licensee and, if approved, the lessor will be responsible for reporting and paying the fuel taxes. Independent contractors differ from rental/leasing companies in that they rent out both the IFTA commercial vehicle and the driver. The leases for independent contractors are either short term (29 days or less) or long term (30 days or more).
Long-Term Leases. In the case of long term leases, the lessee is responsible for reporting and paying fuel taxes unless a written contract stipulates that the lessor (independent contractor, agent or service representative) is responsible.
Long-Term Leases. A Long-Term Lease is defined as a lease of six (6) months or more. Organizations desiring to rent a facility on an extended basis shall be allowed to lease only Elementary and Middle School Campuses that are determined by the District. Rental of any campus will require a KISD Staff representative to be on site for the total hours of each event at the designated rate per hour set by the District. These regularly scheduled meetings must only be held on Saturday, Sunday morning or Sunday afternoon in order to allow KISD staff ample time to prepare for school. The District shall not commit to a reservation request that is longer than 12 months at a time. At the end of the long-term lease, an evaluation of the accommodations, fees and terms will be reviewed. The lessee must submit a new request and with approval, a new agreement will be written using the then current fees.
Long-Term Leases. The Guarantor will not, and will not permit any Restricted Subsidiary to, become obligated, as lessee under any Long-Term Lease unless, at the time of entering into such Long-Term Lease and after giving effect thereto, the average aggregate annual Rentals payable by the Guarantor and its Restricted Subsidiaries on a consolidated basis during the term of such Long-Term Lease pursuant to Long-Term Leases will not exceed 10% of Consolidated Tangible Net Worth, determined as of the end of the Guarantor's prior fiscal quarter.
Long-Term Leases. Non-capitalized leases where Interpool or any member of the Interpool Group are the lessee with an initial term in excess of three (3) years, excluding leases of office equipment and transportation vehicles used in the ordinary course of business.
Long-Term Leases. As at June 30, 2019, the Company has long-term leases as follows :- Type of lease Period Remaining rental expenses (Baht) Within 1 year 1-5 years Over 5 years Total
1. Land on beside of Sikarin hospital (one contract) 01/09/08 - 31/08/28 3,246,000 17,658,240 12,745,960 33,650,200 (one contract) 01/03/13 - 28/02/28 5,680,000 30,506,000 16,444,000 52,630,000 - Subsidiary (four contracts) 22/05/15 - 21/11/28 7,453,760 31,986,400 19,614,400 59,054,560 2. Land in front of Sikarin hospital - Subsidiary (one contract) 08/04/14 - 07/04/29 5,523,600 27,618,000 19,813,500 52,955,100 3. Land in black of Sikarin Hatyai hospital - Subsidiary (one contract) 10/02/19 - 10/02/21 316,404 - - 316,404 - Subsidiary (two contracts) 13/02/19 - 12/02/22 114,000 120,000 - 234,000 - Subsidiary (one contract) 04/04/19 - 03/04/22 168,000 168,000 - 336,000 (one contract) 17/09/18 - 16/09/19 48,000 - - 48,000 22,549,764 108,056,640 68,617,860 199,224,264
1. Land on beside of Sikarin hospital (one contract) 01/09/08 - 31/08/28 3,246,000 17,658,240 12,745,960 33,650,200 (one contract) 01/03/13 - 28/02/28 5,680,000 30,506,000 16,444,000 52,630,000
2. Land in front of Sikarin hospital (sublease in subsidiary) (one contract) 01/01/16 - 31/12/18 10,200,000 15,300,000 - 25,500,000 3. Land on beside of Rattarin hospital (one contract) 17/09/18 - 16/09/19 48,000 - - 48,000 19,174,000 63,464,240 29,189,960 111,828,200
Long-Term Leases. In the case of a carrier using independent contractors under
Long-Term Leases. Become liable, renew or extend as lessee under, or incur any Contingent Obligation in respect of, any Long Term Lease, or permit any Subsidiary so to do, if immediately after giving effect thereto and to any concurrent transactions, the aggregate annual Rentals payable during any current or future period of twelve consecutive months under all Long Term Leases would exceed $17,500,000.
Long-Term Leases. The “Throughput Capacity Agreement” referenced in the Borrower’s Form 8-K filed with the SEC on September 3, 2010.
