Leased Facility definition
Examples of Leased Facility in a sentence
The Cargo Commitment shall include without limitation Carrier’s loaded containers in ocean transportation in the foreign commerce of the United States and Carrier’s loaded containers transshipped at United States ports that are moved through any Future PHA-Third Party Leased Facility.
Lessor may act to repossess the Leased Facility by such means as are available at law or in equity.
Tenant shall provide prior written notice to Landlord of any changes to each Leased Property pursuant to this Section 7.03 which involve changes to the structural integrity of such Leased Property or materially affect the operational capabilities or rated capacity of the Leased Facility.
In the event Tenant persistently fails to timely pay Impositions with respect to any Leased Facility, then, upon thirty (30) days written notice from Landlord to Tenant, Tenant shall thereafter deposit with Landlord on the first day of each month during the remaining Term hereof and any extended Term, a sum equal to one-twelfth (1/12th) of the Impositions assessed against such Leased Property which sums shall be used by Landlord toward payment of such Impositions.
Tenant shall provide to Landlord, not later than thirty (30) days following each anniversary date of each Lease, Tenant's statement, certified by Tenant's chief financial officer, setting forth such percentage increase in gross management revenues realized by Tenant for the applicable Leased Facility for the prior year.