New lessor definition

New lessor means a lessor, as defined in Iowa Code section 423A.2, operating a business in the district that was not in operation in the area of the district before the effective date of the ordinance or resolution establishing the district, regardless of ownership. “New lessor” also includes any lessor, as defined in Iowa Code section 423A.2, operating a business in the district if the place of business for that business is the subject of a project that was approved by the board.
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New lessor means any change which results in an eighty (80%) percent or more change of ownership.
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New lessor means, in relation to an Aircraft and a Lease, the Person identified as such for that Aircraft and the Lease related to that Aircraft in the table set forth in Exhibit C.
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Examples of New lessor in a sentence

  • The Owner Lessor may not issue New Lessor Notes to replace Lessor Notes that it has paid or that have been delivered to the Lease Indenture Trustee for cancellation.

  • New Lessor and Existing Lessor hereby notify Lessee that at the Effective Time ownership in the Aircraft has been transferred to New Lessor.

  • Lessee, Existing Lessor and New Lessor confirm that the representations and warranties made by it in the Agreement are true and correct at the Effective Time.

  • No authorization, approval, consent, license or order of, or registration with, or the giving of notice to the Aviation Authority or any other Government Entity is required for the valid authorization, execution, delivery and performance by Buyer, each Buyer’s Nominee and each New Lessor of the Sale Documents to which it is a party, except as will have been duly effected as of the Sale Date.

  • The obligations of Buyer, each Buyer’s Nominee and each New Lessor under the Sale Documents to which it is a party are its direct, general and unconditional obligations and rank or will rank at least pari passu with all other present and future unsecured and unsubordinated obligations (including contingent obligations) of Buyer, with the exception of such obligations as are mandatorily preferred by law and not by reason of any encumbrance.

  • Buyer, each Buyer’s Nominee and each New Lessor holds all licenses, certificates and permits from applicable Government Entities in its jurisdiction of organization for the performance of its obligations under the Sale Documents.

  • Lessee, Existing Lessor and New Lessor confirm that the conditions precedent for its benefit contained in the Agreement have been satisfied, deferred or waived and that the novation and amendment contemplated in the Agreement has occurred and the Effective Time was 17:14 p.m. * time on this 17th day of September 2018 while the aircraft with manufacturer’s serial number * was located at * .

  • Consent for operation (CFO) is issued after the construction is completed.

  • Under the Laws of its jurisdiction of organization, there are no present restrictions on Buyer, any Buyer’s Nominee or any New Lessor making the payments required by the Sale Documents to which it is a party.

  • Buyer, each Buyer’s Nominee and each New Lessor, under the Laws of its jurisdiction of incorporation or of any other jurisdiction affecting it, is subject to private commercial law and suit.


More Definitions of New lessor

New lessor has the meaning ascribed thereto in the definition of “Assigned Lease” herein.
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New lessor means for any Aircraft, the person (if not the relevant Purchaser) named as the “new lessor” in the Lease relating to such Aircraft immediately after its novation pursuant to the relevant Lease Novation;
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New lessor has the meaning set out in Recital (E)(iii).
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New lessor means The Fxxxxxx Family Limited Partnership, a California limited partnership.
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New lessor means the new lessor under an Assigned Lease or Novated Lease.
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New lessor means the person leasing the Asset to the Lessee of the Asset pursuant to the relevant Lease or, if there is an Intermediate Lessor leasing the Asset to a Lessee pursuant to a Lease, the person leasing the Asset to the Intermediate Lessor.
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Related to New lessor

  • Lessor means a person who transfers the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor.

  • Truck lessor means a person who holds the legal title to any motor vehicle, trailer, or semitrailer

  • Superior Landlord means and includes people or persons to whom the ownership or interest in the Leasehold Property might revert in the fullness of time.

  • 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.

  • Subtenant means any Person entitled to occupy, use, or possess any Premises under a Sublease.

  • Landlord means the owner, lessor or sublessor of the dwelling unit or the building of which such

  • Mortgagee means the mortgagee, grantee or beneficiary under any Mortgage, any holder of legal title to any portion of any Mortgage Loan or, if applicable, any agent or servicer on behalf of such party.

  • First Mortgagee means the holder of any First Mortgage.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • the Landlord means the party named on the first page of this Agreement and any successor and any person who has an interest as heritable proprietor in The Property, even if not named in this Agreement. The Landlord agrees to inform The Agent, in writing, of any changes to ownership of The Property, contact telephone numbers, postal or e-mail addresses as soon as possible and in any event within 7 days of the change.