Short Term Leases definition

Short Term Leases leases (other than Financing Leases and Percentage-Based Leases) to which the Parent or any of its Subsidiaries is a party for tractors, trailers and related equipment expiring twelve months or less after the date thereof.

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Short Term Leases means leases of between 1 and 5 years to be taken by Squared from property owners in Luton.

Short Term Leases means all leases, licenses and other occupancy agreements for all or any portion of the Properties that can be terminated on 30 days (or less) prior notice without the payment of any fees or penalties.

Examples of Short Term Leases in a sentence

• Permit (a) Consolidated Lease Expense (other than under Leases for tractors, trailers and related equipment) for any fiscal year of the Borrower to exceed $20,000,000 or (b) Consolidated Lease Expense with respect to Short Term Leases in any fiscal year of the Borrower to exceed $30,000,000.

• Seller shall cause to be contributed or assigned to the Venture or the applicable Owner Entity on or prior to the Closing all marketing or promotional funds and cash security deposits as reflected in the Leases and Short Term Leases and which were made by tenants under all Leases or Short Term Leases in effect as of the Closing, except to the extent there has been an application of such security deposits or marketing funds pursuant to the terms and provisions of the applicable Lease and Short Term Lease.

• Permit (a) Consolidated Lease Expense (other than under leases for tractors, trailers and related equipment) for any fiscal year of the Borrower to exceed $40,000,000 or (b) Consolidated Lease Expense with respect to Short Term Leases in any fiscal year of the Borrower to exceed $40,000,000.

• Borrower has delivered to Lender a true, correct and complete rent roll for the Property which includes all Leases (other than Short Term Leases) affecting the Property (including schedules for all executed Leases for Tenants not yet in occupancy or under which the rent commencement date has not occurred) (a “Rent Roll”) .

• Permit (a) Consolidated Lease Expense (other than under leases for tractors, trailers and related equipment) for any fiscal year of the Borrower to exceed $20,000,000 or (b) Consolidated Lease Expense with respect to Short Term Leases in any fiscal year of the Borrower to exceed $30,000,000.

• Permit (a) Consolidated Lease Expense (other than under leases for tractors, trailers, containers and related equipment) for any fiscal year of the Borrower to exceed $44,000,000 or (b) Consolidated Lease Expense with respect to Short Term Leases in any fiscal year of the Borrower to exceed $44,000,000.

• Schedule 3.3(c)(i) attached hereto sets forth a true, correct and complete list of all leases, licenses and other occupancy agreements for all or any portion of the Properties other than the Short Term Leases (collectively, the “Leases”), which includes the name of each Tenant.

• The periods of the existing individual agreements are (i) one to two years for agreements relating to container related services; (ii) one year for agreements relating to shipping related services; and (iii) one to three years for agreements relating to Short Term Leases.

• Such Leases (i) constitute all of the leases relating to the Properties (other than the Short Term Leases) under which one of the Owner Entities is the holder of the landlord’s interest, (ii) have not been amended, supplemented or otherwise modified except as stated in Schedule 3.3(c)(i), and (iii) contain the entire agreement between the applicable Owner Entity and the tenants named therein.

• Such anticipation is supported by the fact that to date, Short Term Leases contributing to approximately 50% of the Annual Cap for 2005 have already been committed.

More Definitions of Short Term Leases

Short Term Leases means the parking lot leases attached hereto as Exhibit D-3.

Short Term Leases means occupancy cards or agreements which relate to the use of rooms in the Hotel by Transient Guests, or the use of parking stalls, if any, in the Building.

Short Term Leases means any agreements allowing any Persons to use parking spaces (other than an agreement forming part of a Lease for office or retail space), Leases, Leases for kiosks and agreements allowing any Person to use storage space (other than an agreement forming part of a Lease for office or retail space) which, in each case, are terminable by the Vendor or its assignee without payment and on not more than two clear calendar month’s prior written notice, with no further liability or obligations of the Vendor or the Purchaser following such termination.

Short Term Leases means the leases of the properties brief details of which are set out in Schedule E