Rental Ready definition

Rental Ready means that all required maintenance has been ------------ performed and that the equipment does not require any repairs in excess of $100,000 in the aggregate for the Company and all Related Entities.
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Rental Ready means that each item of rental equipment is fully operable and available for rental to customers, excluding items which are undergoing maintenance and repairs in the ordinary course of business and items scheduled to be sold without violation of clause (iii) of Section 4.1(i).
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Rental Ready means, with respect to each item of Rental Equipment and each item of Equipment that is an Acquired Asset and is Related to the Business (including without limitation trucks, trailers, forklifts, machine shop and repair shop equipment, tools, office equipment and similar items), whether or not held for rental, that all maintenance has been performed in the Ordinary Course of Business with respect to such item and that such item does not require repairs; provided, however, that notwithstanding the foregoing, any Acquired Asset that is actually being rented by an independent third party pursuant to a bona fide arms-length rental agreement for which the customer actually is being charged will be deemed Rental Ready.
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Examples of Rental Ready in a sentence

  • Each item of Equipment owned or leased by the Company or a Subsidiary is merchantable, fit for the purpose for which it was procured, is usable in the ordinary course of the Business, is in good working order and condition (normal wear and tear excepted) or, for equipment held for rental, is Rental Ready, and is in conformity with all applicable laws, rules and regulations.

  • The EL Rental and Non-Rental Asset Listing -------------------- and the Central Rental and Non-Rental Asset Listing attached as Exhibits 2.5.1.1 (a) and (b) respectively, set forth the asset description, make, model, original cost and net book value of all Equipment which, on the Closing Date, will be fully operable, Rental Ready and available for transfer to Buyer.

  • The Purchase Price shall be ---------------------------------- subject to reduction for any equipment reported on the Rental and Non-Rental Asset Listing that is missing, non-operating or not Rental Ready on October 31, 1997, and is in excess of $50,000 in original cost.

  • Parking facilities shall not include the Rental Ready Lot nor the Employee Lot as needed for daily employee parking.

  • Rental Ready Program A rental ready program could be adopted to protect renters’ health and welfare while also maintaining attractive neighborhoods.

  • The Purchase Price shall be reduced (the "Equipment Adjustment") for each item of Equipment listed on the Rental Asset Listing which has been sold, is missing, is not Rental Ready, or is otherwise not available for rent to customers by the Corporation, but only to the extent the aggregate fair market value of all such Equipment exceeds $75,000.

  • Response: Contractor will be responsible for servicing/cleaning the trashcans located in the following Airport’s parking lots: Cell Phone Lot, Car Rental Ready Lot, and servicing/cleaning all trashcans located along the curbside sidewalks.

  • For -------------- purposes of this Agreement, an item of equipment is "Rental Ready" only if it is free of deferred maintenance and it does not require any repairs in excess of $100 per item for items with a cost of less than $5,000, or $200 per item for items with a cost greater than or equal to $5,000.

  • The parties agree that the items of Equipment listed in Schedule 2.2(b)(ii) shall not give rise to an Equipment Adjustment solely by reason of their failure to be Rental Ready.

  • The Purchase Price shall be reduced (the "Equipment Adjustment") for each item of Equipment listed on the Rental Asset Listing on Schedule 1.3(d) which has been sold, is missing, is not Rental Ready, or is otherwise not available for rent to customers by the BNR Group.


More Definitions of Rental Ready

Rental Ready means that each unit of the Lease Fleet is in good condition, without deferred maintenance and without leaks of any material kind (a leak will not be material if it occurs in the ordinary course of business and if the leak is in the process of being repaired in a timely manner consistent with the normal turnaround time of the Facilities); the determination by Buyer concerning whether a Lease Fleet unit is “Rental Ready” shall be made without regard to cosmetic or non-substantive changes to each Lease Fleet unit.
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Rental Ready means, with respect to each item of equipment held by Seller for rental that is an Acquired Asset, that all required maintenance has been performed with respect to such item and that such item does not require repairs, other than regular or routine repairs or scheduled maintenance costing, in the aggregate, less than $300 per item. Notwithstanding the foregoing, any Acquired Asset that is in use by an independent third party pursuant to a bona-fide rental arrangement with Seller as of the Closing Date shall be deemed to be Rental Ready.
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Rental Ready means with respect to any Rental Asset, that such asset is of a quality and condition that it can be rented and used by a customer without the need for any pre-rental or other maintenance or repairs, except for: (a) ordinary preventative or other maintenance of the type that is performed in the Ordinary Course of Business before rental to a customer; and (b) pre-rental repairs or maintenance of the type and nature performed by Seller in the Ordinary Course of Business.
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Rental Ready means, with respect to each item of equipment held by the Company for rental, that all required maintenance (consistent with industry practices in the Company's and Subsidiaries' industry) has been performed with respect to such item and that such item does not require repairs (other than as part of routine maintenance).
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Related to Rental Ready

  • Rental company means a person or entity in the business

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Rental means the Supplier’s charging rate for the hire of the Hire Goods which is current from time to time during the Hire Period;

  • 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).

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

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

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • 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

  • 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).

  • Tenant Inducement Costs shall not include loss of income resulting from any free rental period, it being agreed that Seller shall bear the loss resulting from any free rental period until the date of Closing and that Purchaser shall bear such loss from and after the date of Closing.

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • 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.

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

  • Open space land means (a) any land area so designated by an

  • business premises means premises on which a business is conducted, premises rented in whole or in part to others, or held for rental.

  • Available Space means the balance of the rentable square footage in the Building not already included as part of the Premises, which is not occupied by a tenant or which is occupied by an existing tenant whose lease is expiring within 6 months or less and such tenant does not wish to renew (whether or not such tenant has a right to renew) its occupancy of such space. If there is any Available Space in the Building, Landlord shall, at such time as Landlord shall elect so long as Tenant’s rights hereunder are preserved, deliver to Tenant written notice (the “Expansion Notice”) of such Available Space, together with the terms and conditions on which Landlord is prepared to lease Tenant such Available Space; provided that Base Rent shall be at the Market Rate (as defined in Section 40(a) below) for such Available Space. Tenant shall be entitled to exercise its right under this Section 39(a) only with respect to the entire Available Space described in such Expansion Notice (“Identified Available Space”). Tenant shall have 5 business days following delivery of the Expansion Notice to deliver to Landlord written notification of Tenant’s exercise of the Expansion Right with respect to the Identified Available Space (“Exercise Notice”). Tenant shall be entitled to lease such Identified Available Space upon the terms and conditions set forth in the Expansion Notice. If Landlord and Tenant are unable to agree on the Market Rate for the Available Space after negotiating in good faith within 5 days after Tenant’s delivery of an Exercise Notice, the applicable Market Rate will be determined through arbitration in accordance with Section 40(b). Tenant acknowledges and agrees that, if Tenant has delivered an Exercise Notice pursuant to this Section 39(a), Tenant shall have no right thereafter to rescind or elect not to lease the Available Space. Tenant acknowledges that the Term of the Lease with respect to the Identified Available Space may not be co-terminous with the Term of the Lease with respect to the original Premises. Notwithstanding anything to the contrary contained herein, Tenant shall have no right to exercise the Expansion Right and the provisions of this Section 39(a) shall no longer apply after the date that is 9 months prior to the expiration of the Base Term if Tenant has not exercised its Extension Right pursuant to Section 40. If Tenant fails to deliver an Exercise Notice to Landlord for the Identified Available Space within the required 5 business day period, Tenant shall be deemed to have forever waived its rights under this Section 39(a) to lease the Identified Available Space, and Landlord shall have the right to lease the Identified Available Space to any third party on any terms and conditions acceptable to Landlord.

  • Parking space leasing data means the following government data on an application for, or lease of, a parking space: residence address, home telephone number, beginning and ending work hours, place of employment, location of parking space, and work telephone number.

  • Open space means undeveloped land, a naturally landscaped area, or a formal or man-made landscaped area that provides a connective link or a buffer between other resources.

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • Usable space means all the space on a pole, except the portion below ground level, the 20 feet of safety clearance space above ground level, and the safety clearance space between communications and power circuits. There is a rebuttable presumption that six feet of a pole are buried below ground level.

  • Lease Commencement Date means the Closing Date. The “Lease Expiration Date” shall mean the later of (i) the date of the final payment in full of the French Advances and (ii) the Vehicle Lease Expiration Date for the last Lease Vehicle leased by the Lessee hereunder. The “Term” of this Agreement shall mean the period commencing on the Lease Commencement Date and ending on the Lease Expiration Date.

  • Leash means attaches the bird to the perch or falconer's glove.

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.

  • Lease Area means the Lease Area as more particularly described in SCHEDULE C.

  • Leased space means a self−service storage unit or a space located within a self−service storage facility that a lessee is enti- tled to use for the storage of personal property on a self−service basis pursuant to a rental agreement and that is not rented or pro- vided to the lessee in conjunction with property for residential use by the lessee.