Bus Lease definition

Bus Lease means any Operating Lease or Finance Lease under which any Contract Bus is leased by the Operator from the Lessor and including any chattel mortgage by which the Operator assigns legal title in the relevant Contract Bus to the Lessor subject to an equity of redemption being, as at the date of this Agreement, the leases set out in Schedule 1. Default means:
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Examples of Bus Lease in a sentence

  • Electric Bus Lease Agreement Was Properly ProcuredOur review of a February 2021 lease agreement for $168.7 million for the use of 326 electric buses, to be phased into service over a 4-year period, found that the lease was competitively bid and approved by the Board.

  • The procured buses shall then be leased to the contractor in accordance with the lease terms as generally described in RFP Attachment 8.29 LHTL BRT Bus Lease Terms.

  • Pursuant to a bid opening held on August 29, 2016, the following School Bus Lease Bids are rejected: 1.

  • Approval of the Bus Lease Agreement for 2021-2022: Priya Nayak, Director of Business Services and Finance Hoekstra Leasing is a bus company that leases buses to various school districts.

  • Where a Guarantee has been provided in support of a Bus Lease, the Lessor will release the guarantor from its obligations under the Guarantee, but only with respect to obligations incurred under the Bus Lease after the date of novation of the Bus Lease.

  • TfNSW will not be obliged to agree any value exceeding the residual value of the relevant Bus and if no agreement is reached, Clause 5.7(a)(iv) will not apply to such Bus and Bus Lease.

  • The Lessee acknowledges and confirms that its obligation to pay the Bus Lease Payment and all other money payable under this agreement and the Lessor's right to receive such amounts is absolute and unconditional irrespective of any contingency, and is not subject to any abatement, reduction, set-off, defence, counterclaim or recoupment of any kind.

  • The District may terminate this Agreement at any time by delivering thirty (30) days written notice to County, subject to the payment obligations set forth in Section5.6 of this Agreement; i.e., pay for all work performed or in progress at the time of the notice.

  • Changes in long-term liabilities for the year ended June 30, 2015 are summarized as follows: General Obligation Bonds Details of the District’s June 30, 2015 general obligation bonded indebtedness are as follows: YearEnded InterestBond Issue March 1, 2006June 30, Rates Principal Interest Total 2016 4.00% $ 190,000 51,485 241,485 Bus Lease On December 15, 2013 the District entered into a lease for three buses from De Lage Landen Public Finance LLC with an annual interest rate of 2.30%.

  • The prospective contractor is advised to thoroughly review the Contract for Services and Bus Lease Agreement, and to expressly consider their requirements in the construction of its proposal.

Related to Bus Lease

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Sublease Agreement means that certain Sublease Agreement, dated as of May 1, 2021 by and between the Company and the Agency.

  • New Lease Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Mining Lease means the mining lease granted pursuant to Clause 12 and includes any renewal thereof and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Master Lease This Schedule is issued pursuant to the Lease identified on page 1 of this Schedule. All of the terms and conditions of the Lease are incorporated in and made a part of this Schedule as if they were expressly set forth in this Schedule. The parties hereby reaffirm all of the terms and conditions of the Lease (including, without limitation, the representations and warranties set forth in Section 8) except as modified herein by this Schedule. This Schedule may not be amended or rescinded except by a writing signed by both parties. CHEMDEX CORPORATION COMDISCO, INC. AS LESSEE AS LESSOR By: /s/ Xxxxx X. Xxxxx By: /s/ Xxxx X. Xxxxxx ------------------- --------------------- Title: CEO Title: SR VP ----------------- ------------------- Date: Date: ----------------- ------------------- EXHIBIT 1 SUMMARY EQUIPMENT SCHEDULE -------------------------- This Summary Equipment Schedule dated XXXX is executed pursuant to Equipment Schedule No. X to the Master Lease Agreement dated XXXX between Comdisco, Inc. ("Lessor") and XXXX ("Lessee"). All of the terms, conditions, representations and warranties of the Master Lease Agreement and Equipment Schedule No. X are incorporated herein and made a part hereof, and this Summary Equipment Schedule constitutes a Schedule for the Equipment on the attached invoices.

  • Head Lease or “Superior Lease” means the document which sets out the promises the Landlord has made to the Superior Landlord. The promises contained in this Head Lease will bind the Tenant if he has prior knowledge of those promises.

  • Base Lease means the Base Lease Agreement delivered concurrently with this Lease between the Company and the Issuer.

  • this Lease means the relevant portion of Articles 1 through 29 of this Office Lease to which this Tenant Work Letter is attached as EXHIBIT B and of which this Tenant Work Letter forms a part, and all references in this Tenant Work Letter to sections of "this Tenant Work Letter" shall mean the relevant portion of Sections 1 through 7 of this Tenant Work Letter.

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • mineral lease means the mineral lease referred to in clause 8(1)(a) hereof and includes any renewal thereof;

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • Ground Lessor means, as to any Site, the “lessor,” “sublessor,” “landlord,” “licensor,” “sublicensor” or similar Person under the related Ground Lease.

  • Occupancy Agreement means a written agreement entered into between an assisted living program and a tenant that clearly describes the rights and responsibilities of the assisted living program and a tenant, and other information required by rule. “Occupancy agreement” may include a separate signed lease and signed service agreement.

  • Lease Area means the Lease Area as more particularly described in SCHEDULE C.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.