Renewal Lease Term definition

Renewal Lease Term means any Wintergreen Renewal Lease Term or any FMV Renewal Lease Term.

Renewal Lease Term means each two year term for which the Lease is extended by Lessee, if any, pursuant to the first or second such extensions in accordance with Section 17 of the Lease.

Renewal Lease Term with respect to the Facility Lease, shall mean the First Renewal Lease Term, the Second Renewal Term, any FMV Renewal Lease Term or the Lessor Put Renewal Term. "RENEWAL SITE LEASE TERM(S)" individually or collectively as the context shall require, with respect to the Facility Site Lease, shall have the meaning set forth in Section 2.2(b) of the Facility Site Lease.

Examples of Renewal Lease Term in a sentence

• Lessee shall have the option to renew the leasing of the Aircraft hereunder pursuant to, and subject to the terms and conditions of, Section 17, for the Renewal Lease Term.

• The foregoing appraisal procedure shall in any event be completed no less than 125 days before the end of the Base Lease Term or the current Renewal Lease Term, as the case may be.

• The Renewal Rent payable by Lessee on each Payment Date during any Subsequent Renewal Lease Term shall be the Fair Market Rental Value of the Aircraft for such Renewal Lease Term.

• The foregoing appraisal procedure shall in any event be completed no less than 190 days before the end of the Base Lease Term or the current Renewal Lease Term, as the case may be.

• During each Renewal Lease Term, Renewal Rent shall be paid on the Rent Payment Dates.

More Definitions of Renewal Lease Term

Renewal Lease Term means, collectively, the Fixed Renewal Lease Terms and the Subsequent Renewal Lease Terms, in each case, if any.

Renewal Lease Term means the First Renewal Lease Term, the Second Renewal Lease Term or any FMV Renewal Lease Term.

Renewal Lease Term means the period described in Section 3.2.

Renewal Lease Term means, if applicable, any renewal of the Term pursuant to Clause 4.2 (Renewal Option) for a period of twelve (12), twenty-four (24) or thirty-six (36) months duration;

Renewal Lease Term means a period of no less than one month and no more than twelve months as specified in the Lease Amendment or Renewal and commencing on the expiry of the applicable Initial Lease Term; provided, however, that no Renewal Lease Term shall extend beyond the end of the Lease Commitment Period.

Renewal Lease Term means up to two (2) one-year renewal periods commencing at the expiration of the Basic Lease Term. "RENEWAL TERM" shall have the meaning assigned to it in Section 5(a) of the Master Lease Agreement. "RENEWAL TERM RENT" shall have the meaning assigned to it in Section C.2. of the Schedule. "RENT" shall have the meaning assigned to it in Section 2(a) of the Master Lease Agreement. "RENT PAYMENT DATE" with respect to any Unit of Equipment shall have the meaning assigned to it in Section C.2. of the applicable Schedule to the Master Lease Agreement. "REPLACEMENT ITEM" shall have the meaning assigned to it in SECTION 10(J)(9). "REPORTABLE EVENT" shall mean any of the events described in Section 4043(b) (1), (2), (3), (5), (6), (8) or (9) of ERISA. "RESPONSIBLE OFFICER" shall mean the President, any Vice President, the Treasurer, the Chief Financial Officer and any other officer of Aladdin Gaming directly responsible for the consummation of the Transaction and/or the operation of the Aladdin Hotel and Casino. "RESTRICTED PAYMENTS" shall have the meaning assigned to it in SECTION 11(F). "RETIREE WELFARE PLAN" shall refer to any Welfare Plan providing for continuing coverage or benefits for any participant or any beneficiary of a participant after such participant's termination of employment, other than continuation coverage provided pursuant to Section 4980B of the IRC and at the sole expense of the participant or the beneficiary of the participant.

Renewal Lease Term the time period that commences at the and of the Initial Lease Term and continues through the end of the one hundred ninety-third (193rd) full calendar month after the Lease Commencement Date, unless earlier terminated as provided for in this Lease Agreement.