Extended Lease Term definition

Extended Lease Term means, with respect to each Lease, a period (and any successive period) during which the original Lease Term for such Lease is extended pursuant to Section 3.03 and is equal in duration to any period during which Lessee does not pay Rental Payments (in whole or in part) when scheduled as a result of the occurrence of an event that results in abatement of Lessee’s obligation to make Rental Payments in accordance with the Payment Schedule.
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Extended Lease Term means a period (and any successive period) during which the original Lease Term is extended pursuant to Section 4.2 or 6.5 and is equal in duration to any period during which the Agency Constituent Entities do not pay Lease Payments (in whole or in part) when scheduled as a result of the occurrence of an event that results in abatement of the Agency Constituent Entities’ obligation to make Lease Payments in accordance with Section 6.2 or 6.3.
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Extended Lease Term. Extended Lease Term" shall have the meaning set ------------------- forth in Section 2.1.
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Examples of Extended Lease Term in a sentence

  • The Lease Term shall begin on the Funding Date and end on the first business day after the last scheduled Rental Payment Date, subject to earlier termination pursuant to the Agreement and extension as provided in Section 3.03 of the Agreement, including for any Extended Lease Term; provided that in no event shall any such extension result in the Lease Term extending past , 20 .


More Definitions of Extended Lease Term

Extended Lease Term means the lease term commencing from 1 January
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Extended Lease Term means a period (and any successive period) during which the original term of this Lease Purchase Agreement (the “Original Term”) is extended pursuant to this Section 4.06 and is equal in duration to any period during which the District does not pay Rental Payments (in whole or in part) when scheduled as a result of the occurrence of an event that results in abatement of the District’s obligation to make Rental Payments in accordance herewith. The terms and conditions during any Extended Lease Term under this Lease Purchase Agreement shall be the same as the terms and conditions during the Original Term, except that:
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Related to Extended Lease Term

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Extension Term means the time period defined in §2.C.

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

  • 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.

  • 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:

  • Renewal Term has the meaning set out in Section 9.1.