Examples of Pipeline Lease in a sentence
For the sake of clarity, the Expansion Lease provided for in this Section 4 of the Amendment would be in addition to the Initial Lease (as amended in this Amendment), the Second Lease, and the Option Lease provided for in the Pipeline Lease Agreement.
The Rent Amount for the Initial Lease, the Second Lease, the Option Lease, and any Expansion Lease shall be adjusted on each anniversary of the Execution Month as provided in Section 5.B of the Pipeline Lease Agreement (which is entitled “Base Rent Adjuster”).
All other terms used, but not otherwise defined in this Amendment, shall have the meanings ascribed to such terms in the Pipeline Lease Agreement.
Pursuant to Section 4(B)(2) of the Pipeline Lease Agreement (which is entitled “Option to Renew”), Alon hereby exercises the Second Lease Renewal Option, and the Second Lease Renewal Term shall expire on July 31, 2020.
The new annual caps, being RMB6,000,000 for each of the renewed years (i.e. 1 May 2019 to 30 April 2020 and 1 May 2020 to 30 April 2021) is the maximum gas pipeline lease fee payable by Binhai Gas Group to the Company pursuant to the Gas Pipeline Lease Agreement under the Renewed Gas Pipeline Lease Agreement.
As used in this Amendment, the term the “pipeline” shall have the meaning ascribed to such term in Recital Paragraph A of the Pipeline Lease Agreement.
Except as provided herein, all of the provisions of the Pipeline Lease Agreement shall be and remain in full force and effect.
Section 24 of the Pipeline Lease Agreement (which is entitled “EARLIER TERMINATION”) is hereby deleted in its entirety from the Pipeline Lease Agreement.
The purchaser under the MGP Equity Sale, in its capacity as lessee and operator of the MGP Pipeline pursuant to the MGP Pipeline Lease.
Lessee's lease of the Option Lease during the Third Renewal Term will be upon the same terms as for the Third Initial Term, except that the Pipeline Lease Agreement Base Rent (hereinafter defined) will adjust as hereinafter provided and at the end of the Third Renewal Term, Lessee will have no further right to renew this Option Lease.