Capacity Lease definition

Capacity Lease shall have the meaning set forth in Section 2.3.3.
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Capacity Lease means an agreement to purchase a specified capacity of telecommunications services, which is not associated with an interest in any particular fiber optic network, Fiber, Signal Equipment or other Network Asset. To the extent that such rights are associated with an IRU, such an agreement will be deemed an IRU hereunder.
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Capacity Lease means the Lease Contract and related guaranty by and among GCI Communication Corporation (a Restricted Subsidiary) as lessee, GCI Holdings (a Restricted Subsidiary) as guarantor of the lessee's obligations and AULP as lessor, on terms and conditions substantially as outlined in and otherwise consistent with Exhibit A (Summary of Terms and Conditions) attached to the Fiber Construction Facility Commitment Letter pursuant to which GCI Communication Corporation agrees to lease up to 45% of the output capacity of the System, as such lease contract may otherwise be amended, supplemented or otherwise modified in accordance with the terms thereof and of this Indenture.
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Examples of Capacity Lease in a sentence

  • As explained herein, we find that the benefits that the ACP Project, Supply Header Project, and Capacity Lease will provide to the market outweigh any adverse effects on existing shippers, other pipelines and their captive customers, and on landowners and surrounding communities.

  • As described above, Atlantic and Piedmont have entered into a Capacity Lease Agreement whereby Atlantic will lease 100,000 Dth/d of capacity on Piedmont’s system and use the leased capacity to provide service under the terms of its FERC Tariff.89.

  • Transco and Sabal Trail have entered into a Capacity Lease Agreement that provides that Transco will construct and operate the Hillabee Expansion Project facilities and abandon by lease to Sabal Trail the incremental capacity associated with the proposed facilities.

  • Piedmont also requests a limited jurisdiction certificate in order to enter into the Capacity Lease with Atlantic to allow for the interstate transportation of natural gas through Piedmont’s facilities.

  • Last, Piedmont seeks a determination that the Capacity Lease will not affect its status as a local distribution company not otherwise subject to Commission jurisdiction.III.

  • The Capacity Lease Agreement provides for an initial 25-year primary term and will automatically extend for three successive 5-year terms unless Sabal Trail provides prior written notice to terminate the agreement.

  • The Capacity Lease would continue for a primary term of 20 years, consistent with the term of Atlantic’s precedent agreement with PSNC.17.

  • As explained above, Sabal Trail and Transco have entered into a Capacity Lease Agreement whereby Transco will abandon to Sabal Trail the firm capacity that will be created by Transco’s proposed Hillabee Expansion Project.

  • Atlantic and Piedmont state that the Capacity Lease will allow Atlantic to provide service to PSNC (or any other customer that may take service off the capacity leased on Piedmont’s system) without requiring a direct interconnect between the ACP Project and PSNC’s system, thus avoiding the need for the additional construction and environmental disturbance that would be associated with extending the ACP Project to PSNC’s system.

  • The Capacity Lease requires Atlantic to pay Piedmont a monthly lease charge for the leased capacity.


More Definitions of Capacity Lease

Capacity Lease shall have the meaning ascribed thereto in Recital D.
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Capacity Lease has the meaning given to it in the recitals.
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Capacity Lease means that certain Pipeline Capacity Lease, entered into concurrently with this Agreement between Buyer and Lessor.
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Related to Capacity Lease

  • Facility Lease means a lease or master lease with respect to any Real Property Asset owned or ground leased by any of the Consolidated Parties as lessor, to a third party Tenant, which, in the reasonable judgment of the Administrative Agent, is a triple net lease such that such Tenant is required to pay all taxes, utilities, insurance, maintenance, casualty insurance payments and other expenses with respect to the subject Real Property Asset (whether in the form of reimbursements or additional rent) in addition to the base rental payments required thereunder such that net operating income to the applicable Consolidated Party for such Real Property Asset (before non-cash items) equals the base rent paid thereunder; provided, that each such lease or master lease shall be in form and substance reasonably satisfactory to the Administrative Agent.

  • 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.

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

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

  • 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.

  • 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.

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • Facility Leases means agreements for the lease by the Company or any of its Subsidiaries or Joint Ventures of real estate utilized as a vehicle parking facility and/or for ancillary parking and transportation services.

  • 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.

  • Master Lease means that certain [Master Lease title], relating to the leasing of, inter alia, the Healthcare Facility by Borrower to Master Tenant.

  • 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;

  • Company Lease means any lease, sublease, sub-sublease, license and other agreement under which the Company or any of its Subsidiaries leases, subleases, licenses, uses or occupies (in each case whether as landlord, tenant, sublandlord, subtenant or by other occupancy arrangement), or has the right to use or occupy, now or in the future, any real property.

  • 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.

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

  • 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:

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • Landlord Agreement means an agreement substantially in the form provided by Lender to Borrower or such other form as Lender may agree to accept.

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

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

  • 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.

  • Site Lease or “Lease” means the Site Lease of even date herewith, by and between the District and the Lessor together with any duly authorized and executed amendment thereto under which the District leases the Site to the Lessor.

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

  • Landlord Access Agreement means a Landlord Access Agreement, substantially in the form of Exhibit G, or such other form as may reasonably be acceptable to the Administrative Agent.

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

  • Cooperative Lease With respect to a Cooperative Loan, the proprietary lease or occupancy agreement with respect to the Cooperative Apartment occupied by the Mortgagor and relating to the related Cooperative Stock, which lease or agreement confers an exclusive right to the holder of such Cooperative Stock to occupy such apartment.