Basic Lease Term definition

Basic Lease Term shall have the meaning specified in Section 3.1 of the Facility Lease.

Basic Lease Term shall have the meaning specified in SECTION 3.1 of the Facility Lease.

Basic Lease Term is defined in Section 2.3 of the Master Lease.

Examples of Basic Lease Term in a sentence

• Notice of the decision shall be mailed to the applicant, and any other party requesting notice, after the decision is rendered.

• The term of any Replacement Lease will commence upon expiration of the Basic Lease Term and end on Date 29 (a lease term when combined with the Basic Lease Term totals E years or approximately 68% of the Equipment’s useful life).

• Even though title did pass from Seller to Trustee, the facts also suggest the likelihood that the Lessee willexercise this option to regain all right, title and interest to the Equipment at the end of the Basic Lease Term.

• If the value of the Equipment at the end of the Basic Lease Term exceeds this differential, Lessee,acting rationally in its economic interest, will exercise this option and re-acquire title to the Equipment.4. Whether the sale contract obligated the seller to execute and deliver a deed and obligated the purchaser to make payments.

• However, since the Lessee is expected to exercise the Purchase Option at the end of the Basic Lease Term, the additionaluseful life may not benefit the Owner Participant.

More Definitions of Basic Lease Term

Basic Lease Term is defined in Section 2.2 of the Lease.

Basic Lease Term means the period described in Section 3.1.

Basic Lease Term shall have the meaning specified in Section 3.1 of the Project Lease.

Basic Lease Term means (i) with respect to any Equipment listed on a Schedule dated on or prior to the Basic Lease Term Commencement Date, the period commencing on the Basic Lease Term Commencement Date and expiring three (3) years thereafter, and (ii) with respect to any Equipment listed on a Schedule dated after the Basic Lease Term Commencement Date, the period commencing on the date of such Schedule and expiring three (3) years after the Basic Lease Term Commencement Date. "BASIC LEASE TERM COMMENCEMENT DATE" shall mean the first day of the calendar month next succeeding the Construction Completion Date. "BASIC LEASE TERM INTEREST RATE" shall mean that per annum interest rate calculated pursuant to Section C.4. of the applicable Schedule to the Master Lease Agreement. "BASIC TERM RENT" with respect to each Unit of Equipment shall have the meaning assigned to it in Section C.2. of the applicable Schedule to the Master Lease Agreement. "BAZAAR HOLDINGS" shall mean Aladdin Bazaar Holdings, LLC, a Nevada limited liability company. "BREAKAGE LOSS" shall include LIBOR and other funding breakage costs, if any, and may be determined by reference to the standard International Swap Dealers Association calculation for "Loss." "BUSINESS DAY" shall mean any day that is not a Saturday, a Sunday or a day on which banks are required or permitted to be closed in the States of Nevada, New York or Maryland, and if the applicable Business Day relates to the determination of any Interest Period or the interest rate therefor, such term also shall exclude any day on which trading is not carried on by and between banks in U.S. Dollars in the London interbank market. "CAPITAL EXPENDITURES" shall mean all payments or accruals (including Capital Lease Obligations) for any fixed assets or improvements or for replacements, substitutions or additions thereto, that have a useful life of more than one (1) year and that are required to be capitalized under GAAP. "CAPITAL LEASE" shall mean, with respect to any Person, any lease of any property (whether real, personal or mixed) by such Person as lessee that, in accordance with GAAP, either would be required to be classified and accounted for as a capital lease on a balance sheet of such Person or otherwise be disclosed as such in a note to such balance sheet, other than, in the case of Aladdin Gaming, any such lease under which Aladdin Gaming is the lessor.

Basic Lease Term. The term for the Lease will commence (the "Lease Commencement Date") on the Closing Date. The term of the Lease (the "Lease Term") for all the Equipment will expire on the Maturity Date. The Lease will provide that it will terminate early as to all Equipment as of any rent payment date on which the Loans mature.

Basic Lease Term for any Leased Property shall have the meaning specified in the applicable Lease Supplement.

Basic Lease Term means, with respect to each item of Equipment ------------------ leased hereunder, the period of lease specified as the "Basic Lease Term" for such Item of Equipment in the Lease Supplement pursuant to which such Item of Equipment is leased by Lessor to Lessee hereunder.