Leased System definition

Leased System shall have the meaning set forth in the Recitals.
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Leased System has the meaning set forth in Section 3.
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Leased System means the System, excluding any Footprint Project included in the definition of the “System,” unless (i) such Footprint Project has been placed in service and (ii) a Rent Supplement has been executed with respect to such Footprint Project.
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Examples of Leased System in a sentence

  • The price at which such item shall be sold by Prime Lessee/Sublessor to EVL will be 90% of the average price at which Prime Lessee/Sublessor was providing such items to the Associated Center during the 6- months prior to the end of the Lease Term of the Leased System.

  • In the event that this purchase option is not exercised, BriteSmile shall, from time to time at EVL's request, sell to EVL, for resale to the Associated Center where the Leased System is located, such Key Cards, Gels, Procedure Kits and other BriteSmile Materials as are necessary to perform a BriteSmile Procedure with the Leased System.

  • Sonic is not aware of any undisclosed or latent defect in the Leased System which, if discovered, could reasonably be expected to materially adversely affect or delay Quantum’s use of the Leased System for the purposes for which Quantum is acquiring that System.

  • EVL has made no representation or ------------------- warranty regarding the Leased System.

  • Upon completion of the Grantor System, Grantor shall be permitted to migrate Capacity from the Leased System to the Grantor System, which migration shall be performed at no cost to Grantee.

  • The Leased System is in good working order and will, if used for environmental remediation operations in accordance with Sonic’s technical specifications and other documentation for Sonic Treatment Systems, including without limitation those set out in Schedule “E”, (the “Specifications”), perform in accordance with the Specifications.

  • In addition, Grantor has and will enter into various arrangements with carriers pursuant to which Grantor has leased or obtained the right to use fibers, fiber capacity or transport capacity connecting the cities identified on Exhibit "A" (the "Leased System").

  • The Parties intend for this Agreement to constitute a true lease with respect to the Leased System for US Federal, state and local income tax purposes, and each Party shall treat the Agreement as a true lease with respect to the Leased System for federal income tax reporting purposes.

  • Prime Lessee/Sublessor shall apprise EVL in --------------- writing within 30 days of notice of the institution of any negligence claim made against Prime Lessee/Sublessor arising out of or in connection with its use of any Leased System.

  • If the Variable Rent due with respect -------------------------- to any Leased System is less than $375 for any calendar quarter beginning with the fourth calendar quarter after the first calendar quarter when Variable Rent is due with respect to such Leased System, then EVL, at its option, may exchange ownership of such Leased System for any Non-Leased System owned by Prime Lessee/Sublessor that is then installed in an Associated Center in the United States.