Fixed Renewal Term definition

Fixed Renewal Term. The term with respect to which the Lessee has exercised its option to renew the Lease pursuant to the first paragraph of Section 4.01(a) thereof and with respect to which the conditions set forth in such Section 4.01(a) are met. French Pledge Agreement. The French Pledge Agreement (Federal Express Corporation Trust No. N676FE) dated as of June 15, 1998, between the Owner Trustee and the Indenture Trustee. FSB. First Security Bank, National Association, a national banking association. Government. The United States of America or an agency or instrumentality thereof the obligations of which bear the full faith and credit of the United States of America.
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Fixed Renewal Term. The term with respect to which the Lessee has exercised its option to renew the Lease pursuant to the first paragraph of Section 4.01(a) thereof and with respect to which the conditions set forth in such Section 4.01(a) are met. FSB. First Security Bank, National Association, a national banking association. Government. The United States of America or an agency or instrumentality thereof the obligations of which bear the full faith and credit of the United States of America.
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Fixed Renewal Term has the meaning given to such term in Section 13(a) of ------------------ the Lease.
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Examples of Fixed Renewal Term in a sentence

  • Semi-annual payments of rent during the Fixed Renewal Term equal to the amount set forth in Ancillary Agreement I.

  • The Lessee shall pay the Fixed Renewal Rent during any Fixed Renewal Term.

  • Basic Rent during any Fixed Renewal Term shall be payable in an amount and at the times specified in Section 19(a)(4).

  • Semi-annual payments of rent during the Fixed Renewal Term equal to the lesser of (i) Fair Market Rental as determined as of the commencement of such Fixed Renewal Term and (ii) 50% of the average actual semi-annual Basic Rent payable during the Basic Term.

  • In determining fair market sales value for purposes of calculating Termination Value for any Renewal Term effect shall be given to the encumbrance on the Aircraft of any Fixed Renewal Term available or in force.

  • Lessee shall have the right to renew this Lease for additional periods of one (1) year or more (provided any such period shall be on six (6) month increments) commencing at the end of the Basic Term or the Fixed Renewal Term for a Basic Rent equal to the fair market rental value of the Aircraft for such period (any such renewal term, a "Fair Market Renewal Term").

  • Not more than 365 days and not less than one hundred twenty (120) days, before the end of the Basic Term or any Fixed Renewal Term (as hereinafter defined), Lessee may deliver to Lessor a written notice irrevocably electing to renew this Lease for a term having a duration and at a Basic Rent as determined below (any such renewal term, a "Fixed Renewal Term").

  • The duration of any Fixed Renewal Term shall be a period specified by Lessee before the end of the Basic Term which is (i) not less than one year (provided any such period shall be in six (6) month increments), (ii) not more than the longest period of time which would cause the Term, after giving effect to such Fixed Renewal Term, to be equal to 75% of the total useful life of the aircraft as determined by the Delivery Date appraisal.

  • The Term may be extended pursuant to this paragraph for an aggregate of no more than two years following the Basic Term or any Fixed Renewal Term, if applicable.

  • At the expiration of the third Fixed Renewal Term or any Fair Market Renewal Term, Lessee shall have the right to renew this Lease by delivery to Lessor of a written notice irrevocably electing to renew this Lease for a renewal term of not less than one year and not more than three years for a Basic Rent equal to the "fair market rental value" of the Aircraft for such period (any such renewal term, a "Fair Market Renewal Term").


More Definitions of Fixed Renewal Term

Fixed Renewal Term has the meaning specified for such term in Section 19(a)(1) of the Lease.
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Fixed Renewal Term has the meaning given to such term in Section 13(a) of the Lease.
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Fixed Renewal Term. A renewal term or terms provided for under the second paragraph of Section 4.01(a) of the Lease.
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Fixed Renewal Term has the meaning given to such term in Section ------------------ 13
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Fixed Renewal Term the first or second term for which the Lease is extended by Lessee (if applicable) pursuant to (S) 17 of the Lease. FSB: First Security Bank, National Association, a national banking association, not in its capacity as trustee under the Trust Agreement, but in its individual capacity. GAAP: generally accepted accounting principles as set forth in the statements of financial accounting standards issued by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants, as varied by any applicable financial accounting rules or regulations issued by the SEC, and applied on a basis consistent with prior periods except as disclosed in the pertinent Person's financial statements.
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Fixed Renewal Term has the meaning set forth in Section 19(a)(1) hereof.
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Related to Fixed Renewal Term

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

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Renewal Terms means the renewal terms of a Property Schedule, each having a duration of one year and a term coextensive with Lessee's budget year.

  • Initial Term has the meaning set forth in Section 7.1.

  • Annual Renewal Date means the date in any calendar year, subsequent to the year in which the Policy comes into effect, corresponding numerically with the Policy Commencement date in that subsequent year.

  • Extended Term shall have the meaning given such term in Section 2.4.

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

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Additional Term means that term commencing on the last day of the Basic Term and terminating one (1) year thereafter.

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • Renewal Date means the effective date of Renewal. The first Renewal Date shall be the date as specified in the Policy Schedule (which shall not be later than the first anniversary of the Policy Effective Date) and the subsequent Renewal Date(s) shall be the anniversary(ies) of the first Renewal Date. The relevant Renewal Date shall be specified in the notification of Renewal in accordance with Section 3 of Part 4.

  • Basic Term shall have the meaning specified in Section 2.2 of the Lease.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Renewal Fee means the fee that Borrower must pay Coast upon renewal of this Agreement pursuant to Section 9.1 hereof, in the amount set forth on the Schedule.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • First Extension Period means the period of one (1) Contract Year commencing immediately after the conclusion of the Initial Exploration Period.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • 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.

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • Rent Commencement Date means [Insert date or description] or any later date calculated in accordance with paragraph 3.3 of Part 5 of the Schedule;