Fixed Lease definition

Fixed Lease means Lessee’s fixed annual Lease obligation based on the square footage of the Property, as provided in Section A of Article IV, exclusive of the common seating area to which Paragraph B(1)(b) of Article II refers.
Sample 1

Examples of Fixed Lease in a sentence

  • This Agreement shall be considered a: (check one) ☐ – Fixed Lease.

  • Xxxxxxxx agrees to lease to Tenant, and Tenant agrees to lease from Landlord, the Premises for a term beginning on , 20__ and: (Check one) ☐ (If Fixed Lease) Ending on , 20___ (the “Term”).

  • Fixed Lease Payments Now consider a long term lease with constant payment d per period.

  • As such, under Chapter 14A of the Listing Rules, the transactions contemplated under the Lease Agreement and the Fixed Lease Payment constitute a one-off connected transaction of the Company, whereas the Variable Lease Payment will be regarded as a continuing connected transaction of the Company under Rule 14A.31 of the Listing Rules.

  • This certificate pertains to the ☐ Fixed Lease Agreement ☐ Month-to-Month Lease Agreement, referred to as the “Lease Agreement”, for the property located at _____________________________ City of ______________________ State of ______________________ (“Property”) between ______________________________ (“Landlord”) and ______________________________ (“Tenant(s)”).

  • Fixed Lease Rent shall be negotiated between both the parties based on the Ready Reckoner rate of the land offered and shall be finalized on case to case basis.

  • As the highest applicable percentage ratio in respect of the value of the right-of-use asset under the Lease Agreement exceeds 0.1% but is less than 5%; the transactions contemplated under the agreement and the Fixed Lease Payment thereunder are subject to the reporting and announcement requirements but are exempt from independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.

  • Contractor must establish the monthly amount for new lease orders at the beginning of each Order Period by applying the percentage change in the MSRP for the vehicle of the same manufacture, model and features and the percentage change in the Fixed Lease Rate.

  • The Lessee shall undertake to compensate the Lessor’s corresponding expenses for insurance of each Leased Item (increased by VAT) in accordance with clause 9.1 of these General Terms and Conditions, as part of the Variable Lease Payments under the corresponding Agreement, with the exception of insurance costs, payments (nonzero) for which are directly included in the Fixed Lease Payments according to the corresponding Payment Schedule.

  • Rate and term of escalation of Fixed Lease Rent shall be decided during the negotiation.

Related to Fixed Lease

  • Approved Lease has the meaning set forth in Section 6.11(a).

  • Permitted Lease means a lease permitted under Section 4.02(b) of the Trust Indenture.

  • 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.

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

  • special lease means a special lease or license to be granted in terms of this Agreement under the Ratifying Act the Land Act or the Xxxxxxx Xxx 0000 and includes any renewal thereof; “this Agreement” “hereof” and “hereunder” include this Agreement as from time to time added to varied or amended;

  • Liquidated Lease means a Defaulted Lease that is terminated and charged off by the Servicer prior to its Maturity Date.

  • Recorded Leasehold Interest means a Leasehold Property with respect to which a Record Document has been recorded in all places necessary or desirable, in Collateral Agent’s reasonable judgment, to give constructive notice of such Leasehold Property to third-party purchasers and encumbrancers of the affected real property.

  • 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 means any agreement, whether written or oral, no matter how styled or structured, pursuant to which a Loan Party is entitled to the use or occupancy of any real property for any period of time.

  • 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.

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

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

  • 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.

  • 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.

  • 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).

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

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

  • Assigned Leases has the meaning specified in Section 2.01(b).

  • Capital Lease means, 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, would be required to be classified and accounted for as a capital lease on a balance sheet of such Person.

  • Capitalized Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) of which the discounted present value of the rental obligations of such Person as lessee, in conformity with GAAP, is required to be capitalized on the balance sheet of such Person.

  • Property Lease means any Depot Lease, any lease in respect of a Managed Station Area, any lease in respect of Shared Facilities or any Station Lease and any agreement or lease of a similar or equivalent nature (whether in respect of any such facility or otherwise) which the Franchisee may enter into with a person who has an interest in a network or a railway facility which is to be used for or in connection with the provision or operation of the Franchise Services;

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • Consolidated Lease Expense means, for any period, the aggregate amount of fixed and contingent rentals payable by the Borrower and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined on a consolidated basis in accordance with GAAP for such period.

  • 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.

  • Real Property Lease has the meaning set forth in Section 3.9(b).