Estate for Years definition

Estate for Years means that the lessor is in a lease agreement that is non-renewable after the expiration of the original lease. T or F
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Estate for Years means that the lessor is agreeing to a lease that continues for a specific period of time. T or F
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Estate for Years means the estate for years owned by Owner in a particular Land Parcel, for a term expiring April 30, 2019.
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Examples of Estate for Years in a sentence

  • Estate for Years Exclusive right to possess, occupy or rent said Unit during a defined Use Period for a period of ninety-nine (99) years from the date of recording this Rotational Ownership Agreement.

  • An instrument being recorded transferring an Estate for Years would be required to complete a PT-61.

  • For any properties with an existing tenant, a $150.00 transfer fee will be due for services required when adding new tenants to our systems.

  • Freehold estate• Know all page 26 E 1-5 Tenancy in Common, Joint tenant and the differences• Severability and Co Ownership and Partnerships and what they mean• Page 28 Know leasehold estates F 1a Estate for Years and a “Beginning and Ending”• C Tenancy at Will, Know Gross lease vs.

  • Notwithstanding anything contained in the Estate for Years to the contrary, during the Term, GDOT and SRTA agree to cooperate, one with the other, to insure (or cause to be insured) the Project in accordance with the requirements of the Project Agreement or as otherwise permissible under the provisions of applicable State law.

  • Any State Proposed/State Acquired Right of Way and Developer Proposed/State Acquired Right of Way acquired by GDOT and Developer Proposed/Developer Acquired Right of Way acquired by the Developer (in the name of GDOT) shall be included within the Premises conveyed by GDOT to SRTA under the Estate for Years, and such additional conveyance shall be memorialized by an amendment, addendum or other supplement to the Estate for Years (which shall be recorded in the manner prescribed in such Estate for Years).

  • Net rent under the Sublease (i.e., the fixed rent payable by Metromedia, not including payments made on account of real estate taxes, insurance, utilities and similar expenses), when discounted at a rate of approximately 12.14%, will equal the original purchase price for the Estate for Years and the improvements.

  • Finally, if Metromedia exercises its purchase option to purchase the Estate for Years and the fee in the improvements, the original purchase price of the Master Lessor on this transfer will be the amount the Master Lessor paid for these interests when he acquired them, plus the cost of any capital improvements made by the Master Lessor to the property after the granting of the lease; plus the gain recognized, if any, by the Master Lessor on the Lease.

  • The Lease will give the Sublessor an option (hereinafter the "Purchase Option") to purchase the improvements and the Estate for Years from the Master Lessor at the end of the initial term of the Sublease and at the end of any renewal term of the Sublease.

  • It is the intent of Lessor and Lessee that this Lease shall grant and convey to Lessee and Estate for Years expiring on December 31, 2002, and not a usafruct.


More Definitions of Estate for Years

Estate for Years means that the lessor is agreeing to a lease that continues for a
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Estate for Years means an estate for years in the Property, granted pursuant to deed by Lessee to Island Headquarters Operators LLC, dated as of the Effective Date, commencing on the Effective Date and expiring on the day immediately prededing the twenty seventh (27th) anniversary of the Effective Date, unless sooner terminated by operation of law or otherwise (the “Estate for Years Expiration Date”).
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Estate for Years has the meaning set forth in Recital C of the Agreement. Exhibits means all exhibits, riders, and other attachments to the DB Documents, including without limitation Volume 1, Volume 2, and Volume 3, as well as, any of the aforementioned, which are incorporated into any DB Documents by reference, and all amendments, modifications, and supplements thereto.
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Estate for Years has the meaning given in the Recitals.
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Related to Estate for Years

  • Distribution Calendar Year means the calendar year for which a minimum distribution is required. For distributions beginning before the Participant’s death, the first distribution calendar year is the calendar year immediately preceding the calendar year which contains the Participant’s required beginning date. The required minimum distribution for the Participant’s first distribution calendar year will be made on or before the Participant’s required beginning date. The required minimum distribution for other distribution calendar years, including the required minimum distribution for the distribution calendar year in which the Participant’s required beginning date occurs, will be made on or before December 31 of that distribution calendar year.

  • Plan Year(s means the approximate twelve-month periods between annual meetings of the shareholders of the Company, which, for purposes of the Plan, are the periods for which annual retainers are earned.

  • Graduates Available for Employment means the number of graduates minus the number of graduates unavailable for employment.

  • Prior Year means the year commencing 1 April immediately prior to the relevant Charging Year;

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31, except that the first Calendar Year of the Term shall commence on the Effective Date and end on December 31 of the year in which the Effective Date occurs and the last Calendar Year of the Term shall commence on January 1 of the year in which the Term ends and end on the last day of the Term.

  • Graduates Unavailable for Employment means the graduates who, after graduation, die, become incarcerated, are called to active military duty, are international students that leave the United States or do not have a visa allowing employment in the United States, or are continuing their education in an accredited or bureau-approved postsecondary institution.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA;

  • Average Annual Compensation shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Limitation Year means the Plan Year.

  • Adoption Date means the date the Plan is first approved by the Board or Compensation Committee.

  • One-hundred-year flood means a flood having a one per cent chance of being equaled or exceeded in any given year.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.

  • Erroneously Awarded Compensation means, with respect to each Executive Officer in connection with an Accounting Restatement, the amount of Clawback Eligible Incentive Compensation that exceeds the amount of Incentive-based Compensation that otherwise would have been Received had it been determined based on the restated amounts, computed without regard to any taxes paid.

  • Vesting Year means a unit of Service credited to a Participant pursuant to Section 9.2 for purposes of determining his vested interest in his Account.

  • Planning Period Balance means the entire period of time remaining in the Planning Period following the month that a monthly auction is conducted.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Distribution Date" for a Trust shall mean the "Distribution dates" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Elective Deferrals mean Compensation and Elective Deferrals for: . [Note: The Employer must complete the blank line with the applicable time period for computing the Basic Match, such as "each payroll period," "each calendar month," "each Plan Year quarter" or "the Plan Year."]

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.