Nominal Lease definition

Nominal Lease means any lease which results in a total of all payments made by lessee to lessor of less than
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Nominal Lease means a nominal consideration (normally $1.00 per year) of payment used to satisfy the requirements for the creation of a lease.
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Nominal Lease means any lease between an owner-lessor and the State of Illinois Department of Natural Resources under which the total rent for the term of the lease is less than $5.
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Examples of Nominal Lease in a sentence

  • COMMISSION RATE SCHEDULEConsideration (Nominal Lease Value) CBRE Fee$0 to $25,000,0004.5% In the event of a purchase option, CBRE shall negotiate a market commission from the owner of the asset.

  • On-Balance Sheet Retention of Net Economic InterestNumber of ContractsPercentage of ContractsNominal Lease BalancePercentage of Nominal Lease BalanceSold portfolio17.97892,52%247.942.674,19 €92,50%Asset Retention1.4537,48%20.111.420,38 €7,50%Total19.431100,00%268.054.094,57 €These Final Terms comprise the final terms required to list and have admitted to trading the issue of Compartment 1 Series 2010-2 Notes described herein (as from 25 July 2013).

  • COMMISSION RATE SCHEDULEConsideration (Nominal Lease Value) CBRE Fee $0 to $5,000,000 3.0%$5,000,000.01 to $10,000,0002.0% $10,000,000.01 + 1.5% Commissions shall be calculated on a cumulative basis.

  • On-Balance Sheet Retention of Net Economic InterestNumber of ContractsPercentage of ContractsNominal Lease BalancePercentage of Nominal Lease BalanceSold portfolio17.97892,52%247.942.674,19 €92,50%Asset Retention1.4537,48%20.111.420,38 €7,50%Total19.431100,00%268.054.094,57 €These Final Terms comprise the final terms required to list and have admitted to trading the issue of Compartment 1 Series 2012-1 Notes described herein (as from 25 July 2013).


More Definitions of Nominal Lease

Nominal Lease means any lease between an owner-lessor and
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Related to Nominal Lease

  • Original Lease shall have the meaning given such term in the recitals to this Agreement.

  • Base Lease means the Base Lease Agreement delivered concurrently with this Lease between the Company and the Issuer.

  • Head Lease or “Superior Lease” means the document which sets out the promises the Landlord has made to the Superior Landlord. The promises contained in this Head Lease will bind the Tenant if he has prior knowledge of those promises.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • New Lease Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • mineral lease means the mineral lease referred to in clause 8(1)(a) hereof and includes any renewal thereof;

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Facility Lease means a lease or master lease with respect to any Real Property Asset owned or ground leased by any of the Consolidated Parties as lessor, to a third party Tenant, which, in the reasonable judgment of the Administrative Agent, is a triple net lease such that such Tenant is required to pay all taxes, utilities, insurance, maintenance, casualty insurance payments and other expenses with respect to the subject Real Property Asset (whether in the form of reimbursements or additional rent) in addition to the base rental payments required thereunder such that net operating income to the applicable Consolidated Party for such Real Property Asset (before non-cash items) equals the base rent paid thereunder; provided, that each such lease or master lease shall be in form and substance reasonably satisfactory to the Administrative Agent.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

  • Mining Lease means the mining lease granted pursuant to Clause 12 and includes any renewal thereof and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;

  • Minimum Rent means the sum of Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.

  • Rent Schedule means a written schedule for the Mortgaged Property showing the name of each tenant, and for each tenant, the space occupied, the lease expiration date, the rent payable for the current month, the date through which rent has been paid, and any related information requested by Lender.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • special lease means a special lease or license to be granted in terms of this Agreement under the Ratifying Act the Land Act or the Xxxxxxx Xxx 0000 and includes any renewal thereof; “this Agreement” “hereof” and “hereunder” include this Agreement as from time to time added to varied or amended;

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Relevant Premises means any office premises occupied by the Appointee in relation to the Appointed Business and to which members of the public have access;

  • Current Rent means, in respect of each of the tenancies subject to which the lot is sold, the instalment of rent and other sums payable by the tenant in advance on the most recent rent payment date on or within four months preceding completion.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Residential Rental Unit means an area legally licensed or permitted for use as a living space containing a sleeping area, bathing and sanitation facilities and cooking facilities equipped with a cooking range, refrigerator and sink, all of which are separate and distinct from other Residential Rental Units. Reg. §§ 1.103-8(a) 8(i).