Examples of Prior Lessee in a sentence
Neither LESSOR nor any other Relevant Party will be liable for any loss or expense arising from any delay or failure in Delivery to LESSEE except that LESSOR will be liable for any loss or expense to the extent that such delay or failure arises solely and directly as a consequence of the Gross Negligence of LESSOR or any Servicer, and in no event will LESSOR be liable for any delay or failure which is caused by any breach or delay on the part of Prior Lessee or any other Person (other than any Servicer).
LESSOR and LESSEE expressly acknowledge that Delivery is subject to and conditioned upon redelivery of the Aircraft by Prior Lessee in accordance with the terms of the Prior Lessee Lease Agreement.
Subject to LESSEE having performed all of the conditions precedent to Delivery set forth in this Lease (or, if applicable, LESSOR's waiver of one or more of such conditions precedent such that, after giving effect to such waiver, all conditions precedent have been satisfied or deemed satisfied), immediately following redelivery of the Aircraft from Prior Lessee to LESSOR, LESSOR will deliver the Aircraft to LESSEE at the Delivery Location.
Prior Lessee means Xxxxxxx Real Estate, Inc., a California ‘S’ Corporation.
On the Commencement Date, the Prior Lessee will transfer to the Lessee the amount remaining in the repair and maintenance reserve account for the Prior Lease as of the expiration date of the Prior Lease.
Remuneration to other directors Sl. No.Particulars of Remuneration Mr. Ajay SharmaMr. Soban SinghAswalMs. MadhuSharmaTotal Amount None of the Directors receive remuneration from the Company.
Pursuant to the Original Ground Lease, Prior Lessor and Prior Lessee executed a Memorandum of Ground Lease, dated November 6, 1989 ( “Original Memorandum”), and caused the original Memorandum to be recorded in the official records of Marin County (“Official Records”) on November 30, 1989 as Document No. 89-69343.
By a Declaration of Restrictions executed by the Prior Lessor, recorded September 11, 1990 in Official Records as Recorder’s Serial No. 90-53574, Prior Lessee obtained a non- exclusive right to use six (6) parking spaces at 1412 2nd Street, San Rafael California (APN 11- 252-10) ( “Parking Rights”).
As of the date of this Lease, delivery of the Aircraft from Prior Lessee to LESSOR and LESSOR to LESSEE is scheduled to occur on or about April 26, 2019.
As of the date of this Lease, delivery of the Aircraft from Prior Lessee to LESSOR and LESSOR to LESSEE is scheduled to occur on or about March 14, 2019.