Lease Line definition

Lease Line means the line that defines the boundary of a site that is being leased by the Calgary Airport Authority or it’s predecessors in interest to another party, or a property line, or the boundaries of the site as defined by the Calgary Airport Authority;

Lease Line means any imaginary or defined line which separates the Premises from all areas of the Shopping Center other than the premises of adjacent tenants and which is shown in the Tenant Package.

Lease Line means the equipment lease line of credit as set forth in ---------- Section 26 herein.

Examples of Lease Line in a sentence

• Revolving Credit Facility, Revolving Demand Facility, and Revolving Equipment Lease Line of Credit In June 2016, the Company obtained a Line of Credit Agreement with the RBC for a $1,000,000 revolving credit facility as well as a $500,000 revolving equipment lease line of credit (together the “Agreement”).

• If Lessee exercises the option to renew this Lease, such renewal shall be upon the terms and conditions of this Master Lease and the applicable Lease Line Schedule, for a rental period and rental amount to be agreed upon by Lessee and Lessor.

• Lessor leases to Lessee and Lessee leases from Lessor the personal property described in each Equipment Schedule executed pursuant hereto, subject to the terms and conditions of this Master Equipment Lease Agreement ("Master Lease") and the applicable Lease Line Schedule (defined below).

• If at any time the actual aggregate Cost of all Equipment exceeds the Master Lease Line, the Advance Rental shall be increased proportionately.

• Upon Lessee's request, Lessor may, but shall have no obligation to, fund a Schedule which would cause the aggregate Cost of Equipment on all Schedules funded under this Lease to exceed the Master Lease Line.

More Definitions of Lease Line

Lease Line means the Lease Line Agreement, between the Company and Bank of America (or its designee), as lender, as supplemented, amended and modified from time to time, entered into pursuant to the Summary of Terms and Conditions dated July 21, 2006.

Lease Line. The total Lessor's Cost of all units of Equipment under all Equipment Schedules pursuant to Lease Line Schedule No. 01 and 02, both dated March 31, 1995, to Master Equipment Lease Agreement No. 101, dated March 31, 1995, shall not exceed $l,000,000.00 (the "Commitment"). "Lessor's Cost" means, with respect to a unit of Equipment, the total cost to Lessor of purchasing such unit, as indicated on the applicable Equipment Schedule. Lessor's obligation to fund Equipment Schedules under the Commitment shall terminate on June 30, 1996 (the "Commitment Termination Date"). The minimum Lessor's Cost for each Delivery & Acceptance Certificate shall be $10,000.00.

Lease Line means any imaginary or defined line which separates the Premises from all areas of the H&H Project other than the premises of adjacent tenants and which is shown in the Tenant Package.

Lease Line. The total Lessor's Cost of all units of Equipment under all Equipment Schedules pursuant to Lease Line Schedule No. 01 and 02, both dated March 31, 1995, to Master Equipment Lease Agreement No. ___, dated January 1, 1996, shall not exceed $l,000,000.00 (the "Commitment"). "Lessor's Cost" means, with respect to a unit of Equipment, the total cost to Lessor of purchasing such unit, as indicated on the applicable Equipment Schedule. Lessor's obligation to fund Equipment Schedules under the Commitment shall terminate on December 31, 1996 (the "Commitment Termination Date"). The minimum Lessor's Cost for each Delivery & Acceptance Certificate shall be $10,000.00. There shall be no more than one Equipment Schedule in any month. RENTAL FACTOR. The Rental Factor for each Equipment Schedule will be based upon an implicit interest rate equal to the prime lending rate as quoted in The Wall Street Journal ten business days prior to the Commencement Date for such Equipment Schedule (the "Prime Rate") plus 200 basis points. If on such date the Prime Rate is other than 8.5%, then the Rental Factor for that Equipment Schedule will be adjusted upward or downward basis point for basis point to maintain an implicit interest rate equal to the Prime Rate plus 200 basis points. Once the Lease Term commences for any Equipment Schedule, there will be no further adjustments to the Rental Factor for such Equipment Schedule. The Rental Payment under a particular Equipment Schedule shall be an amount equal to the product of (a) the Rental Factor and (b) the aggregate Lessor's Cost of Equipment subject to such Equipment Schedule. INTERIM RATE. The Interim Rate used to calculate the daily Interim Rent shall be equal to the Rental Factor for each Equipment Schedule divided by thirty (30). The Interim Period as defined in the Master Lease shall be modified to start on the date the Equipment is delivered to and accepted by the Lessee and the Lessor's Cost of Equipment is advanced by Lessor.

Lease Line means the line shown on the plan in Schedule 3 which shows the horizontal boundaries of the Premises.

Lease Line means the line of credit to fund individual Leases by the Bank to the Borrower, up to the aggregate maximum amount of $2,000,000 upon the requirements and conditions of this Agreement.

Lease Line and "Gross Leasable Area", as used herein, shall derive their meaning from the Lease Agreement and the Landlord's Construction Documents.