Base Term definition

Base Term is defined in Section 2.3 of the Lease.

Base Term shall have the meaning as defined in Section 2.2.

Base Term means, with respect to any Leased Property, (a) the period commencing on the related Closing Date and ending on October 16, 2002, or (b) such shorter period as may result from earlier termination of the Lease as provided therein.

Examples of Base Term in a sentence

• During the Base Term under each Lease, the amount of the Equity Investment outstanding from time to time with respect to such Lease shall accrue Yield during each Payment Period at a rate per annum equal to the Yield Rate.

• The Lessor shall have received a copy of an appraisal (the “Appraisal”) from the Appraiser which shall establish (by the use of appraisal methods satisfactory to the Lessor) the Fair Market Value and the economic useful life of each Leased Property as of the Base Term Commencement Date and as of the Final Maturity Date.

• For the avoidance of doubt, Xxxxx shall accrue on the Equity Investment until paid in full and any amount of the Equity Investment outstanding after the Base Term Expiration Date shall accrue interest at the Overdue Rate for the period commencing on the Base Term Expiration Date and ending on the date of repayment thereof.

• The initial term of the lease of an item of Equipment and financing of a Soft Cost Item (‘Initial Term’) begins on the item’s Acceptance Date and continues through the Base Term Commencement Date and then for the Base Term (unless terminated earlier as expressly provided herein).

• With respect to each Lease, Basic Rent shall be payable from time to time on each Payment Date during the Base Term in an amount equal to all Yield then due on the outstanding Equity Investment.

More Definitions of Base Term

Base Term. Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on June 30, 2019.”

Base Term shall have the meaning set forth in Section 10.1.

Base Term. Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

Base Term shall have the meaning provided in Section 2.2 of each Lease.

Base Term means, with respect to any Leased Property, (a) the period commencing on the Initial Closing Date for the first parcel of Land acquired by the Lessor and ending on the tenth (10th) anniversary of such Closing Date or (b) such shorter period as may result from earlier termination of the Lease as provided therein.

Base Term means the period commencing on the Closing Date and ending on February 14, 2022, or such shorter period as may result from earlier termination of the Lease as provided therein.

Base Term. Commencing (i) with respect to the Original Premises on the Commencement Date, (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, (iii) with respect to the Second Expansion Premises on the Second Expansion Premises Commencement Date, and (iv) with respect to the Third Expansion Premises on the Third Expansion Premises Commencement Date, and ending with respect to the entire Premises on January 31, 2021 (“Expiration Date”).”