Lessee definition

Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

Lessee means the Procuring Entity whose has accepted the Tender for the Lease Contract and is named as such in the Contract Agreement as “Procuring Entity”.

Lessee has the meaning set forth in the preamble.

Examples of Lessee in a sentence

• In the event that the hangar building is destroyed or damaged by fire or other casualty with the result that it is rendered unsuitable as a hangar for the above-described aircraft, Lessee shall be relieved of obligation to pay rent for the period that the aircraft cannot be stored therein.

• The Lessee shall use the property solely for the storage of the following described aircraft, and parts, accessories, or equipment necessary to the operation of said aircraft, and for no other purposes.

• Lessee may leave the T-Hangar unoccupied by an aircraft for up to six consecutive months if Lessee is in the process of selling, trading, or actively searching for an aircraft to purchase.

• Lessee will be held liable for all costs incurred or damage caused in gaining access to said hangar if locks have been added or changed by Lessee.

• Lessee shall not use the T-Hangar for any purpose other than storing aircraft and supporting equipment.

More Definitions of Lessee

Lessee means each Person that is a lessee under a Lease, including any Person that executes a guarantee on behalf of such lessee; provided that such definition shall refer only to Lessees of Leases allocated to and associated with the 20[•]-[•] Series.

Lessee means a person who leases property pursuant to a rental-purchase agreement.

Lessee means the entity referred to as Lessee in the first paragraph of this Agreement.

Lessee shall have the meaning set forth in the recitals.

Lessee means any lessee under any Lease.

Lessee means any Texas state agency, unit of local government, institution of higher education as defined in Section 2054.003 (8-a), Texas Government Code, and those state agencies purchasing from a DIR contract through an Interagency Agreement, as authorized by Chapter 771, Texas Government Code, any local government as authorized through the Interlocal Cooperation Act, Chapter 791, Texas Government Code, and the state agencies and political subdivisions of other states as authorized by Section 2054.0565, Texas Government Code.

Lessee mean the person or persons, natural or corporate, named above as LESSOR and as LESSEE respectively, and their respective heirs, executors, administrators, successors and assigns.