Lessor Possession Date definition

Lessor Possession Date shall have the meaning specified in the Assignment and Reassignment of Project Agreement.
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Lessor Possession Date means with respect to any Unit, the earlier to occur of (a) the expiration of the Facility Lease Term and (b) the date on which the Company shall lose possession of such Unit pursuant to Sections 10, 13, 14 or 17 of the Facility Lease (unless in the case of Sections 10 or 13, the Company shall have purchased such Unit).
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Lessor Possession Date means the earlier of the Lease Termination Date and the date of Ejectment.
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Examples of Lessor Possession Date in a sentence

  • For purposes of this Sectxxx 0, XXX Xxxxxxx xxxll be deemed to be the owner of any Undivided Interest for which the Lessor Possession Date (as defined in the relevant Assignment and Reassignment) shall not have occurred.

  • Prior to the Lessor Possession Date with respect to any Unit, the duties, responsibilities and rights of the Company in respect of the Facility shall be governed exclusively by the terms of the Facility Lease.

  • The parties hereto agree that, in consequence of the reassignment effected by this Sectxxx 0, XXX Xxxxxxx xxxll, from and after the date hereof to the Lessor Possession Date, perform all of the duties and obligations of the Owner Lessor under the Vote Sharing Agreement and be liable for all costs relating to the operation and maintenance of and improvement to Colstrip Unit 3 attributable to the Undivided Interest or the Ground Interest.

  • Prior to a Lessor Possession Date, the parties agree to cooperate with each other and to enter into mutually agreeable arrangements, each acting reasonably and in good faith, with respect to joint operation, maintenance and use of, and allocations of costs and expenses with respect to the Shared Facilities; provided, that all costs and expenses shall be shared by the parties based upon their respective utilization of the Shared Facilities.

  • This Agreement shall be effective on and as of the date hereof (the "Effective Date"); provided, however, that no -------------- Party shall have any obligation under Article 3 or 4 hereof until the Lessor Possession Date with respect to any Unit; provided, further, however, that this Agreement shall not in any way affect the respective rights and obligations of the Parties under the terms of any of the Operative Documents which may then still be in effect.

  • This Agreement shall become effective as of the date first written above and shall continue in full force and effect until the occurrence of the Lessor Possession Date (under any of the Colstrip 4 Leveraged Lease Documents).

  • This Agreement shall become effective as of the date first written above and, subject to periodic suspension pursuant to Section 5.2, shall continue in full force and effect until (a) the effective date of an amendment to the Ownership Agreement that permits MPC's Colstrip 4 Project Share to be voted separately and independently from MPC's Colstrip 3 Project Share or (b) the occurrence of the Lessor Possession Date (under any of the Colstrip 4 Leveraged Lease Documents).

  • Section 3 of the Sublease is hereby amended by deleting it in its entirety and substituting in lieu thereof the following new Section 3: The term of this Sublease shall commence on the date hereof and shall end on the first to occur of (a) the Lessor Possession Date and (b) expiration or earlier termination of the Lease, as amended from time to time.


More Definitions of Lessor Possession Date

Lessor Possession Date means the earlier to occur of (a) the expiration of the Facility Lease Term, and (b) the date on which PPL Montana shall lose possession of the Undivided Interest pursuant to Section 13 (unless it shall have purchased the Undivided Interest), 14 or 17 of the Facility Lease.
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Related to Lessor Possession Date

  • Possession Date means the date of execution of this Agreement;

  • Occupancy Date means the date on which occupancy of all Units in a Project is permitted;

  • Lease Commencement Date has the meaning specified in Section 3.2 of the Master Lease.

  • Rent Commencement Date means the Commencement Date.

  • Date of Possession means the date on which the Allottee is handed over possession of the said Apartment;

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.

  • Leased space means a self−service storage unit or a space located within a self−service storage facility that a lessee is enti- tled to use for the storage of personal property on a self−service basis pursuant to a rental agreement and that is not rented or pro- vided to the lessee in conjunction with property for residential use by the lessee.

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • Premises Building Total Destruction means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is fifty percent (50%) or more of the then Replacement Cost of the Building.

  • Lease Termination Date means the last day of the Lease Term.

  • Commencement Date means the date of this Agreement;

  • Service Commencement Date means the date the Transmission Provider begins to provide service pursuant to the terms of an executed Service Agreement, or the date the Transmission Provider begins to provide service in accordance with Tariff, Part II, section 15.3 or Tariff, Part III, section 29.1.

  • EARLY POSSESSION N/A ("Early Possession Date"). (Also see Paragraphs 3.2 and 3.3.)

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.

  • Tenant Delays A "Tenant Delay" shall mean any delay in Substantial Completion of the Building as a result of any of the following: (i) Tenant's failure to complete or approve the Tenant Improvement Plans by the dates set forth in Section 5.B, (ii) Tenant's failure to approve the bids for construction by the dates set forth in Section 5.C, (iii) changes to either the Shell Plans and Specifications or the Tenant Improvement Plans requested by Tenant which delay the progress of the work, (iv) Tenant's request for materials, components or finishes which are not available in a commercially reasonable time given the target Commencement Date, (v) Tenant's failure to make a progress payment for Tenant Improvement costs as provided in Section 5.F, (vi) Tenant's request for more than one (1) rebidding of the cost of all or a portion of the work, and (vii) any errors or omissions in the Tenant Improvement Plans provided by Tenant's architect. In the event Landlord believes Tenant is causing a Tenant Delay, Landlord shall notify Tenant in writing, state the action or inaction that it believes is causing the Tenant Delay, and state the date from which a Tenant Delay is being calculated. Claim of Tenant Delay shall be made within five (5) days after Landlord's discovery of the occurrence of the event giving rise to such claim. Tenant shall have the right to expedite work, at its sole cost, to minimize the effect of any Tenant Delays, to the extent it is practicable to do so. However, no Tenant Delay shall advance the Commencement Date to a date before the estimated Commencement Date of October 1, 2001. Notwithstanding anything to the contrary set forth in this Lease and regardless of the actual date the Premises are Substantially Complete (but subject to the limitation in the preceding sentence), the Commencement Date shall be deemed to be the date the Commencement Date would have occurred if no Tenant Delay had occurred as reasonably determined by Landlord. In addition, if a Tenant Delay results in an increase in the cost of the labor or materials, Tenant shall pay the cost of such increases.

  • the commencement date means the date on which the Contract shall take effect, as notified by the Authority to the Contractor in a letter awarding the Contract.

  • Ready for Occupancy means the date upon which (i) the Leased Premises are available for Tenant's occupancy in a broom clean condition and (ii) the improvements, if any, to be made to the Leased Premises by Landlord as a condition to Tenant's obligation to accept possession of the Leased Premises have been substantially completed and the appropriate governmental building department (i.e., the City building department, if the Property is located within a City, or otherwise the County building department) shall have approved the construction of such improvements as substantially complete or is willing to so approve the construction of the improvements as substantially complete subject only to compliance with specified conditions which are the responsibility of Tenant to satisfy or is willing to allow Tenant to occupy subject to its receiving assurances that specified work will be completed.

  • Premises Total Destruction means damage or destruction to the Premises, other than Lessee Owned Alterations and Utility Installations and Trade Fixtures, which cannot reasonably be repaired in six (6) months or less from the date of the damage or destruction. Lessor shall notify Lessee in writing within thirty (30) days from the date of the damage or destruction as to whether or not the damage is Partial or Total.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Tenant Delay Any event or occurrence that delays the completion of the Landlord Work which is caused by or is described as follows:

  • commencement day means the day on which the State Administrative Tribunal (Conferral of Jurisdiction) Amendment and Repeal Act 2004 Part 2 Division 21 comes into operation;

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.