OPG Lease definition

OPG Lease means the lease agreement relating to the Facilities dated as of May 12, 2001 between OPG, certain subsidiaries of OPG, the Limited Partnership and British Energy plc, as amended by agreements made as of January 1, 2002, as of February 14, 2003, two agreements made as of October 17, 2005, and agreements made as of July 10, 2006 and as of November 15, 2011;
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OPG Lease means the Amended and Restated Lease Agreement relating to the Xxxxx Nuclear Generating Station dated as of May 12, 2001 between OPG, certain subsidiaries of OPG, the Generator and British Energy plc, as amended by agreements made as of January 1, 2002, as of February 13, 2003, two agreements made as of October 17, 2005, agreements made as of July 10, 2006, as of November 15, 2011 and to be dated as of December 4, 2015, together with any amendment, change supplement, restatement, extension, renewal or modification thereof.
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OPG Lease means the Amended and Restated Lease Agreement dated as of May 12, 2001 and amended as of January 1, 2002, February 14, 2003, October 17, 2005 and October 17, 2005, together with any amendment, change, supplement, restatement, extension, renewal or modification thereof, between, inter alia, BPLP and OPG.
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Examples of OPG Lease in a sentence

  • In accordance with the terms of the OPG Lease, the Base Rent may be changed by OPG at any time and from time to time (currently anticipated to be once every five (5) years) to reflect such changes in anticipated decommissioning costs (a “Base Rent Adjustment”).

  • The Base Rent is a fixed dollar amount per year, for each year up to the end of December 31, 2018, and a fixed amount per renewal period of the OPG Lease following December 31, 2018.

  • In addition, the OPG Lease provides for a mechanism for the Base Rent to be adjusted, up or, in certain circumstances, down, to reflect changes in OPG’s anticipated decommissioning costs for the Facility.

  • In the absence of any corrections requested by OPG or of any unresolved dispute under the Used Fuel Agreement or the OPG Lease in respect of any Used Fuel Statement or any amount payable by the Generator to OPG as Used Fuel Costs, each Used Fuel Statement shall be conclusive evidence of the Used Fuel Costs for the period described therein.

Related to OPG Lease

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

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

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

  • 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;

  • 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:

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

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

  • Master Lease means that certain [Master Lease title], relating to the leasing of, inter alia, the Healthcare Facility by Borrower to Master Tenant.

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

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

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

  • Site Lease or “Lease” means the Site Lease of even date herewith, by and between the District and the Lessor together with any duly authorized and executed amendment thereto under which the District leases the Site to the Lessor.

  • Financing Lease any lease of property, real or personal, the obligations of the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee.

  • 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.

  • Master Leases refers to the four second amended and restated master lease agreements, dated as of April 27, 2007, by and among the Operating Partnership and Kindred Healthcare, Inc. and Kindred Healthcare Operating, Inc.

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • Company Lease means any lease, sublease, sub-sublease, license and other agreement under which the Company or any of its Subsidiaries leases, subleases, licenses, uses or occupies (in each case whether as landlord, tenant, sublandlord, subtenant or by other occupancy arrangement), or has the right to use or occupy, now or in the future, any real property.

  • Property Lease means any Depot Lease, any lease in respect of a Managed Station Area, any lease in respect of Shared Facilities or any Station Lease and any agreement or lease of a similar or equivalent nature (whether in respect of any such facility or otherwise) which the Franchisee may enter into with a person who has an interest in a network or a railway facility which is to be used for or in connection with the provision or operation of the Franchise Services;

  • Material Lease has the meaning set forth in Section 3.17(a).