Head Lease Term definition

Head Lease Term shall have the meaning specified in Section 3.1 of the Head Lease.
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Head Lease Term means the term of the Head Lease, particulars of which are set out in column 5 of Schedule 1.
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Examples of Head Lease Term in a sentence

  • The Lease Agreement may be renewed at 1-Net’s option for a further term commencing on and from the day immediately after the expiry of the Lease Term and expiring on the day falling nine months before the expiry of the Head Lease Term (as defined below) (“Renewal Term”).

  • A Sublease Purchase Option allowed EZH to purchase ConEd’’s remaining interest in the Head Lease Term for $215,450,949.20 in 2018.

  • After taking into account the construction period for the Data Centre and expiry of the Renewal Term falling nine months before the expiry of the Head Lease Term, such Renewal Term is expected to be approximately eight years.

  • Effectuating their deal, UBC and Anaheim executed a series of interrelated agreements, primarily among them, an umbrella agreement that sets forth various terms of the transaction (the Participation Agreement), and two leases pertaining to the Pond: a Head Lease Agreement (the Head Lease) and Sublease Agreement (the Sublease).13 Pursuant to the Head Lease, UBC leased an undivided interest in the Pond from Anaheim until April 1, 2038, or for approximately 39 years (the Head Lease Term).

  • If any tax levied by the ordinance codified in this chapter becomes delinquent, the person responsible and liable for such tax shall pay interest on such unpaid tax at the rate of one and one-half percent (1.5%) per month on the unpaid balance from the date of delinquency.

  • The Head Lessor hereby acknowledges that payment of the Head Lease Payment on the Closing Date shall satisfy in full all of the Head Lessee’s obligations to pay rent for the lease of the Facility for the Head Lease Term and shall be the only amount payable by the Head Lessee as rent under this Head Lease during the Head Lease Term (including all Head Lease Renewal Terms).

  • The Head Lessor and the Head Lessee understand and agree that (a) legal title to the Facility remains vested in the Head Lessor throughout the Head Lease Term, (b) this Head Lease is subject to the Permitted Closing Date Liens set forth in Attachment B hereto and (c) this Head Lease is intended to be a lease of personal property under Tennessee law.

  • A Sublease Purchase Option allowed EZH to purchase ConEd’s remaining interest in the Head Lease Term for $215,450,949.20 in 2018.

  • Should you receive more than one Proxy because your shares are registered in different names and addresses, each Proxy should be signed and returned to assure that all your shares will be voted.

  • Notwithstanding anything to the contrary set forth in this Section 3.1, in no event shall the Head Lease Term terminate so long as the Head Lessee's interest under this Head Lease shall be subject to the Lien of the Lease Indenture.

Related to Head Lease Term

  • 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.

  • Master Lease means any master lease now or hereafter entered into, in which the Healthcare Facility is aggregated with other HUD-insured healthcare facilities and leased to a Master Tenant and any amendments or joinders thereto.

  • 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:

  • 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.