Lessee Property definition

Lessee Property means (a) the Permitted Capital Improvements which Lessor does not purchase and which, accordingly, do not become a part of the Leased Property during the Lease Term as provided in Section 10.1, and (b) the other real and personal property now or hereafter owned or used by Lessee or its Affiliates in connection with operation of the Leased Property upstream or downstream of the Terminal System by Lessee or its Affiliates.

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Lessee Property is defined in Section 10.2(d) of the Lease.

Lessee Property shall have the meaning specified in Section 4.1(c) hereof. LIPA shall have the meaning specified in the recitals hereto. Net Proceeds shall mean, when used with respect to any insurance proceeds or condemnation award, compensation or damages, the gross amount from any such proceeds, award, compensation or damages less all expenses (including attorneys' fees, adjuster's fees and any extraordinary expenses of the Agency or the Trustee) incurred in the collection thereof. Payment Agreement shall have the meaning specified in the recitals hereto. Project shall have the meaning specified in the recitals hereto. Prohibited Person shall mean (i) any Person (A) that is in default or in breach, beyond any applicable grace period, of its obligations under any written agreement with the Agency or the County, or (B) that directly or indirectly controls, is controlled by, or is under common control with a Person that is in default or in breach, beyond any applicable grace period, of its obligations under any written agreement with the Agency or the County, unless such default or breach has been waived in writing by the Agency or the County, as the case may be, and (ii) any Person (A) that has been convicted in a criminal proceeding for a felony or any crime involving moral turpitude or that is an organized crime figure or is reputed to have substantial business or other affiliations with an organized crime figure, or (B) that directly or indirectly controls, is controlled by, or is under common control with a Person that has been convicted in a criminal proceeding for a felony or any crime involving moral turpitude or that is an organized crime figure or is reputed to have substantial business or other affiliations with an organized crime figure. Security Documents shall mean, collectively and severally, the Company Lease, the Lease Agreement, the Payment Agreement and the Indenture, together with any and all other agreements or instruments delivered or assigned to the Trustee as security for the payment of the principal of and redemption premium, if any, and interest on the Bonds. Series 2003A Bonds shall mean the $75,000,000 aggregate principal amount of Industrial Development Revenue Bonds (KeySpan-Port Jefferson Energy Center, LLC Project), Series 2003A of the Agency issued, executed, authenticated and delivered under the Indenture. SEQRA shall mean, collectively, the State Environmental Quality Review Act, being Article 8 of the New York State Environmental Conser...

Examples of Lessee Property in a sentence

Lessor shall not have any Lien on any of the Lessee Property for the performance of Lessee’s obligations under this Lease or otherwise.
Lessee shall have the right to remove Lessee Property at any time or times during the Term and for a period of thirty (30) days after the expiration of the Term, without any obligation to pay Lessor holdover rent under Section 26.4.
Lessor acknowledges and agrees, following a default by Lessee under any Lessee mortgage, to allow Lessee’s lender access to the Leased Property to seize and remove all or any of the Lessee Property and Lessor agrees to execute an agreement with Lessee’s lender to evidence such right as provided in Section 13.1.
Lessee shall repair any material damage to the Leased Property caused by the removal of Lessee Property.
If the Lessee shall opt not to remove any or all of the Lessee Property at the expiration or termination of the Term, the Lessee Property shall be deemed abandoned and shall become the property of Lessor and Lessor agrees to accept such Lessee Property in AS-IS, WHERE-IS condition on the date of expiration or termination of this Lease.
Notwithstanding the foregoing, Lessee may make a separate claim for any damages payable for any of the Lessee Property, any so-called special damages to Lessee for interruption to Lessee’s operations or otherwise, any damages for relocation, or any damages for Lessee’s leasehold interest (collectively, the “Lessee Condemnation Proceeds”), and none of such Lessee Condemnation Proceeds shall constitute Taking Proceeds.
Lessee is and shall remain the owner of the Lessee Property, other than Non-Removable Additions at the end of the Term as provided in Section 10.1(e).
All of Lessee Property is at Lessee’s sole risk and if any of the Lessee Property is destroyed or damaged other than as a result of the gross negligence or willful misconduct of a Lessor Party, no part of the destruction or damage shall be the responsibility of Lessor.
In addition, the Lessee shall have no obligation under this Lease to maintain any of the Lessee Property in its original condition.
In particular, the Lessee may opt to (i) sell, dispose or otherwise remove of any or all of the Lessee Property prior to or upon the expiration or termination of the Term or (ii) dismantle and abandon any or all of the Lessee Property.

More Definitions of Lessee Property

Lessee Property means any and all furniture, artwork, art objects, memorabilia, artifacts, rugs, carpet (other than wall-to-wall carpet), objects of historical import, trade fixtures, decorations, equipment, air filters, computers and computer equipment, table and floor lamps and other personal property located on or about the Site not constituting a Nonseverable Improvement to any Site and which was not purchased with the proceeds of any Advance and is not a replacement of any item purchased with proceeds of any Advance. Definitions 181

Lessee Property means all "Inventory" and "Lessee Personal Property" --------------- (as such terms are defined in the Hotel Leases) owned by the Star Companies and used in the Hotels.

Lessee Property means, collectively, the Lease, Easements, and Improvements.

Lessee Property shall have the meaning given to that term in Subparagraph 3.10(b) of the Lease Agreement.

Lessee Property is defined as furniture, trade fixtures, equipment and other personal property installed, in, on or about the Premises by Lessee at Lessee expense, including metal storage units, signs, office machines, medical equipment, data processing equipment, security devices and chests, and other items of personal property which are not attached or built in.

Lessee Property shall have the meaning set forth in Article 2, Section 7.