Lease Right definition

Lease Right shall have the meaning ascribed to such term in Section 2.5.
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Lease Right shall have the meaning contained in Section 2.3.
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Examples of Lease Right in a sentence

  • Hynix shall take any action necessary to maintain or cause to be maintained the priority of the Lease Right, subordinate only to such Hynix’s senior financing and statutory liens, with respect to the Leased Premises during the Term.

  • Hynix shall provide to NewCo all necessary documents normally required of a lessor for the registration of the Lease Right on the Leased Premises on the Effective Date.

  • The Seller may not demand that the Purchaser purchase the Facilities, including the Land Lease Right, and pay the Purchase Price (or any part thereof), unless all Payment Conditions are satisfied.

  • Section 17 of the Original Lease (Right of First Refusal) is hereby deleted in its entirety and of no further force or effect.

  • The expenses and costs of such registration of the Lease Right shall be borne wholly by Lessee.

  • Once the term of the Agreement expires, or termination occurs by any of the reasons stated in the Agreement, the Lease Right will expire and full ownership of all the improvements and structures built on the land will, automatically, revert to the LRA, upon as well as right derived from them, without the right to any compensation and without any obligation for the LRA to compensate or indemnify Developer, for the value of said structures and improvements.

  • The registration shall include such material matters provided in this Agreement as Lessor and Lessee may agree to register and as permitted to be registered in the real property registry under the Applicable Laws, provided that the terms of such Lease Right shall be the same as the terms and conditions of this Agreement.

  • Lessee shall construct a Gas Warehouse Building on the Lease Right Site II within two (2) years from the Closing Date and a Waste Water Facility Building on the Lease Rights Site II within one(1) year from the Closing Date.

  • Except as disclosed in Schedule 5.1(d), Lessor is the only legal and beneficial owner of the Land and has requisite power to grant the Lease Rights or the Easement Right hereunder to Lessee and has the requisite power to grant the registration of the Lease Right and the Easement Right on the relevant portions of the Land to Lessee.

  • The Parties each upon the request of the other agree to submit a joint application to re-register the Lease Right to include any Extension Term.

Related to Lease Right

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Renewal Option has the meaning set forth in §12.1.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

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

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Option means a stock option granted pursuant to the Plan.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Financial Transmission Right Option means a right to receive Transmission Congestion Credits as specified in Operating Agreement, Schedule 1, section 5.2.2(c), and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.2(c).

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Parking Space The County shall attempt to provide adequate free parking facilities for employees within a reasonable distance of their work locations.

  • Free-Standing Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is not granted in tandem with an Option Right.

  • Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Eligible Ground Lease means a ground lease that (a) has a minimum remaining term of twenty-five (25) years, including tenant controlled options, as of any date of determination, (b) has customary notice rights, default cure rights, bankruptcy new lease rights and other customary provisions for the benefit of a leasehold mortgagee or has equivalent protection for a leasehold permanent mortgagee by a subordination to such leasehold permanent mortgagee of the landlord’s fee interest, and (c) is otherwise acceptable for non-recourse leasehold mortgage financing under customary prudent lending requirements. The Eligible Ground Leases as of the date of this Credit Agreement are listed on Schedule EG.

  • Option to Purchase has the meaning set forth in Section 13.1.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.