Long-term lease means a lease term of at least 27.5 years for a residential resource or at least 31.5 years for a nonresidential resource.
Long-term lease means any lease of real or personal property (other than a Capitalized Lease) having an original term, including any period for which the lease may be renewed or extended at the option of the lessor, of more than three years.
Long-term lease means an agreement between a member and a continuing care community whereby the member has the right to occupy a space for more than 1 year but not for the life of the member.
Examples of Long-term lease in a sentence
The Term of any Long-Term Lease will commence (the “Commencement Date”) on the first day of the month subsequent to the earlier of (i) delivery of all Equipment covered by such Lease and (ii) 3 business days following written notice to Customer that all Equipment covered by the Lease is available for pick-up or delivery.
Xxxxxxxx may, upon written notice to Customer, increase all or specified Use Charges under any Long-Term Lease on each anniversary of the Commencement Date of such Long- Term Lease (each is an “Adjustment Date”).
More Definitions of Long-term lease
Long-term lease means a lease which has a term of or in excess of 20 years.
Long-term lease means any lease granting a Long-term Leasehold Interest with respect to any Property.
Long-term lease means an agreement between a purchaser and a facility whereby the purchaser pays a fee for the right to occupy a space in the facility for at least 1 year, but for less than the life of the purchaser.
Long-term lease means a lease for a period of 30 days or more.
Long-term lease means a lease for a fixed period of more than [31] 30 days.
Long-term lease. ' means any registered lease of agricultural land which, when entered into, was for a period of not less than 30 years or for the natural life of the lessee or any other person mentioned in the lease, or which is renewable at the will of the lessee for a period or periods which together with the first period amount to not less than 30 and not more than 50 years;
Long-term lease means a lease of longer than 30 years under