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.
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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.
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Examples of Lessee Property in a sentence

  • Arrangements that do not have the legal status of a lease but convey a right to use an asset in return for payment are accounted for under this policy where fulfilment of the arrangement is dependent on the use of specific assets.Finance Leases – Authority as Lessee Property, plant and equipment held under finance leases is recognised on the Balance Sheet at the commencement of a lease at its fair value measured at the lease’s inception (or the present value of the minimum lease payments, if lower).

  • Finance Leases – Authority as Lessee Property, plant and equipment held under finance leases is recognised on the Balance Sheet at the commencement of a lease at its fair value measured at the lease’s inception (or the present value of the minimum lease payments, if lower).

  • 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.

  • 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 repair any material damage to the Leased Property caused by the removal of Lessee Property.

  • 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.

  • Lessee shall have the right and obligation to (I) deal with all Governmental Authorities, and (II) conduct all regulatory proceedings, governing or affecting the ownership, use or operation of the Lessee Property.

  • Any removal of all or any of the Lessee Property by Lessee shall be done in material compliance with Environmental Laws and other Applicable Legal Requirements, including Lessee’s obligation to file all reports and documentation required to be filed with any Governmental Authority in connection with the removal of Lessee Property, and in accordance with the requirements of Article X hereof.

  • 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.

  • 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.


More Definitions of Lessee Property

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...
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Lessee Property means, collectively, the Lease, Easements, and Improvements.
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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.
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Lessee Property shall have the meaning set forth in Article 2, Section 7.
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Lessee Property shall have the meaning given to that term in Subparagraph 3.10(b) of the Lease Agreement.
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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.
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Related to Lessee Property

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • the Land means the land (including for the avoidance of doubt all buildings, structures landscaping and other erections) situated at and known as Xxx Xxxx Xxxxxx Xxxxxxx Xxxx Xxxxx Xxxxxxxx XX0 0XX;

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

  • Release Property has the meaning set forth in Section 2.5.

  • Leasehold Property means any leasehold interest of any Credit Party as lessee under any lease of real property.

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II hereof.

  • the Premises means the building or part of the building booked and referred to in the contract

  • Leased Land means land which is the subject of a lease granted under section 60 or 93G; S. 3 def. of "lessee" amended by No. 39/1997 s. 4(2)(b).

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Mortgaged Premises means any real property which shall now or hereafter be subject to a Notes Mortgage.

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

  • Tenant’s Property means Removable Installations and, other than Installations, any personal property or equipment of Tenant that may be removed without material damage to the Premises, and (z) “Installations” means all property of any kind paid for by Landlord, all Alterations, all fixtures, and all partitions, hardware, built-in machinery, built-in casework and cabinets and other similar additions, equipment, property and improvements built into the Premises so as to become an integral part of the Premises, including, without limitation, fume hoods which penetrate the roof or plenum area, built-in cold rooms, built-in warm rooms, walk-in cold rooms, walk-in warm rooms, deionized water systems, glass washing equipment, autoclaves, chillers, built-in plumbing, electrical and mechanical equipment and systems, and any power generator and transfer switch.

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Adjacent Property means all land adjoining and surrounding the Stadium Site on which will be located any public streets, sidewalks, plazas, or bridges and any public or private parking facilities or other accoutrements to be developed by Authority or other parties in connection with the Project.

  • Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.

  • Tenant’s Personal Property means all motor vehicles, Inventories, FAS and any other tangible personal property of Tenant, if any, acquired by Tenant at its election and with its own funds on and after the date hereof and located at the Leased Property or used in Tenant's business at the Leased Property and all modifications, replacements, alterations and additions to such personal property installed at the expense of Tenant, other than any items included within the definition of Proprietary Information.