Initial Lease Period definition

Initial Lease Period. - means the initial period of the lease, as set out in item 3 of Schedule A hereto;

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Initial Lease Period means a period of [3 years] ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■

Initial Lease Period has the meaning given to that expression in Clause 3.1.

Examples of Initial Lease Period in a sentence

The Lessee shall from the Agreement Date and during the term of the Initial Lease Period, pay Lease Rent to the Lessor at the rate of 2% (Two Percent) of the Total Land Premium along with the applicable Goods & Service Tax (GST) per annum in advance before 1st day of April of every year during the Initial Lease Period, by way of a Demand draft or pay order in favour of the Lessor on a nationalized/scheduled bank having a branch at Raipur.
The Initial Lease Period and the Additional Lease Period (or part thereof, as applicable) shall be referred in this Agreement as the “Lease Period” and all of the provisions of this Agreement (in the event that the Additional Lease Period is desired by the Tenant) shall apply to them.
The lease period shall automatically renew for six (6) month periods after the Initial Lease Period, unless either Party provides the other six (6) months written notice of the lease termination.
The monthly rental sums during the remaining 30 months of the Initial Lease Period shall stand, notwithstanding the terms of Section 6.1.1 above, at the New Shekel equivalent of the sum of $30,500 (thirty thousand five hundred US dollars) in accordance with the Dollar Exchange Rate known on the date of issuing the invoice, together with duly payable VAT.
The initial lease period shall be two, (2) years from the date the lease for the Leased Parking Area is executed (the "Initial Lease Period").
All subsequent payments of rent for the Lease shall be made on or before the seventh (7th) day of each calendar month and every succeeding month throughout the Initial Lease Period and/or the Extended Lease Period, as the case may be.
The monthly rental for the remaining 30 months of the Initial Lease Period shall amount, notwithstanding the provisions of Section 6.1 above, to the New Shekel equivalent of the sum of $30,000 (thirty thousand US dollars) in accordance with the Dollar Exchange Rate known on the date of issuing the invoice, together with duly payable VAT.
The Term for the Aircraft shall consist of the following period: (i) the Initial Lease Period; (ii) upon written notice given by Lessee to Lessor on or before October 17, 1987 Lessee may elect to renew the lease for the Base Lease Period; and (iii) upon written notice given at least eight (8) months prior to the end of the Base Lease Period for the Aircraft, Lessee may elect to renew the Lease for a Renewal Period as specified herein.
The Initial Lease Period shall be treated as a “Lock – in Period”, during which the Lessee shall not abandon, surrender or terminate the lease or cause the lease to be terminated, in any manner whatsoever, except in case of termination of the lease by the Lessee on account of breach by the Lessor as mentioned in Sub Clauses (b)(i) and (b)(ii) of Clause 18 below.
Upon the occurrence of an Event of Loss with respect to the Aircraft or the Airframe during the Initial Lease Period, Lessee shall, within sixty (60) days of such occurrence, pay to Lessor (i) all installments of Basic Rent due with respect to the Aircraft to that date; (ii) the Stipulated Loss Value in respect of the Aircraft; and (iii) interest at the Incentive Rate on any amounts of overdue Rent outstanding.

More Definitions of Initial Lease Period

Initial Lease Period means the period commencing on the Delivery Date for the Aircraft and ending on December 21, 1986."

Initial Lease Period means a period of five years from the Delivery Date for the Aircraft to but excluding the fifth anniversary of such Delivery Date.

Initial Lease Period means the ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . "Intellectual Property" means intellectual property of the manufacturer with respect to the IT ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . “Lease Period” means the Initial ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . "Lease Rentals" means the amounts by way of rental for the use ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . “Office Equipment” means subject matter ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

Initial Lease Period as defined in Section 6(a).

Initial Lease Period. With respect to each Long Term Unit which has not been subject to a Finance Lease, the period commencing on the date such Long Term Unit is first placed in service in the Long Term Fleet and ending on the earlier of the date such unit is initially leased out on a Short Term Lease or the date such unit is no longer available for lease; and with respect to each Long Term Unit which has been subject to a Finance Lease, the period commencing on the date such Long Term Unit is first placed in service in the Long Term Fleet and ending on the date such unit is no longer managed by Triton as part of the Combined Fleet. A Long Term Unit shall be considered to be in an Initial Lease Period notwithstanding that it may be off-lease at any time during such period. Insolvency Law: The Bankruptcy Code or similar Applicable Law in any other applicable jurisdiction. Insolvency Proceeding: Any Proceeding under any applicable Insolvency Law. Instruments: Any instrument, as such term is defined in the UCC, including, without limitation, all notes, certificated securities, and other evidences of indebtedness, other than instruments that constitute, or are a part of a group of writings that constitute, Chattel Paper.

Initial Lease Period shall be the period starting on the Delivery Date and ending with the 20th anniversary of the Delivery Date.