Upon Lessor definition

Upon Lessor s receipt of the additional Security Deposit set forth in Clause 8.2 the initial deposit set forth in this Clause 8.1 will be credited to the payment of Rent payable during the Initial Lease Term and, if applicable, during the Base Lease Term.
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Upon Lessor s receipt of such payment, Lessor shall release the security interest, and quitclaim to Lessee any other interest, that it holds in the Equipment.:
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Upon Lessor. S receipt of such payment, LESSOR agrees that its entire interest in said item shall become the property of LESSEE and LESSEE'S insurer (as their interests may appear) in its then condition, as is, where is, WITHOUT WARRANTY FROM LESSOR, EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
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Examples of Upon Lessor in a sentence

  • Upon Lessor request, Lessee will inspect the Premises jointly with Lessor to verify the as-built drawings.

  • Upon Lessor receipt of payment as set forth above, Lessee shall be entitled to title to the equipment without any warranties.

  • Upon Lessor accepting any such title, all of Tenant’s rights, title, and interests in the same shall be terminated and title thereto shall vest in Lessor automatically.

  • Upon Lessor making the Equipment available to Lessee at Lessor’s facility (or other facility designated by Lessor from which the Equipment is being transported to Lessee), Lessee hereby assumes and shall bear the entire risk of loss, damage, theft, or destruction to the Equipment (including to any goods, cargo, or property in or upon the Equipment), including while the Equipment is being transported, loaded or unloaded.

  • Upon Lessor Trust's written request, and upon surrender to Trustee of this Deed of Trust and the Notes for cancellation and retention upon payment of its fees, Trustee shall reconvey, without warranty, any Property or that portion thereof then held hereunder.

  • Upon Lessor exercising any of the foregoing remedies, Lessor shall use commercially reasonable efforts to lease the cars to such persons, at such rental, and for such period of time as Lessor shall reasonably elect.

  • Upon Lessor receiving written notice from Tenant and a Leasehold Lender providing a recorded copy of Leasehold Trust Deed and contact information for the Leasehold Lender, the following provisions will apply.

  • Upon Lessor and Xxxxxx’s acceptance of this Lease, and except as provided in this Lease including Section 19 hereof, THIS LEASE SHALL BE NON-CANCELABLE, and Xxxxxx's obligations hereunder shall not xxxxx for any reason.

  • DIU has initiated 72 projects and brought 33 to completion, transitioning 20 commercial solutions to the Defense Department.

  • Upon Lessor approval of the initial tenant improvement plan, Lessor shall waive restoration of the initial Premises as it relates to the initial improvements.


More Definitions of Upon Lessor

Upon Lessor s request, Lessee shall within 120 days of the close of each fiscal year of Lessee, deliver to Lessor duplicate copies of Lessee's balance sheet and profit and loss statement, certified by a recognized firm of certified public accountants. Upon request, Lessee will deliver to Lessor duplicate copies of Lessee's most recent quarterly financial report."
Sample 1
Upon Lessor s receipt of such payment, Lessor shall release the security interest that it holds in the Equipment."
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Upon Lessor s receipt of such payment, Lessee shall be entitled to whatever interest Lessor may have in the Equipment as-is-where-is, without any warranty, express or implied including warranty of merchantability or fitness for any particular purpose.
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Upon Lessor s receipt of the replacement Letter of Credit, Lessor shall return the existing Letter of Credit to Lessee.
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Related to Upon Lessor

  • Truck lessor means a person who holds the legal title to any motor vehicle, trailer, or semitrailer

  • Leasehold Mortgagee means the holder of a Leasehold Mortgage.

  • 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.

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

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

  • Mortgagee means the mortgagee, grantee or beneficiary under any Mortgage, any holder of legal title to any portion of any Mortgage Loan or, if applicable, any agent or servicer on behalf of such party.

  • Ground Lessor means, as to any Site, the “lessor,” “sublessor,” “landlord,” “licensor,” “sublicensor” or similar Person under the related Ground Lease.

  • The Lessor Agent" for "the Lessee", "Unit Premises, Unit Improvements, Unit FF&E and Unit" for "Parcel of Property" and "Section 13" for "Section 28".

  • Facility Mortgagee means the holder of any Facility Mortgage.

  • Owner or operator means any person who owns, leases, operates, controls, or supervises a stationary source.

  • Sublessee means any party to whom Lessee grants the right to possess all or any portion of the Premises according to a Sublease.

  • and Lessor s agents shall have the right to enter the Premises at any time, in the case of an emergency, and otherwise at reasonable times for the purpose of showing the same to prospective purchasers, lenders, or lessees, and making such alterations, repairs, improvements or additions to the Premises or to the Building, as Lessor may reasonably deem necessary. Lessor may at any time place on or about the Premises or Building any ordinary "For Sale" signs and Lessor may at any time during the last one hundred eighty (180) days of the term hereof place on or about the Premises any ordinary "For Lease" signs. All such activities of Lessor shall be without abatement of rent or liability to Lessee.

  • Landlord means the owner, lessor or sublessor of the dwelling unit or the building of which such

  • Permitted Lessee means the lessee under a Permitted Lease.

  • Anchor Tenant means, with respect to a Community Renewable Energy Generation Project, the non-End Use Customer subscriber designated by Seller as such under its SFA application.” The following is added as Section 1.3.3:

  • Lessee's Share is defined, for purposes of this Lease, as the percentage set forth in paragraph 1.10 of the Basic Lease Provisions, which percentage has been determined by dividing the approximate square footage of the Premises by the total approximate square footage of the rentable space contained in the Office Building Project. It is understood and agreed that the square footage figures set forth in the Basic Lease Provisions are approximations which Lessor and Lessee agree are reasonable and shall not be subject to revision except in connection with an actual change in the size of the Premises or a change in the space available for lease in the Office Building Project.

  • Owner/Operator means a requirement applies to the owner and/or operator of a TRU or TRU gen set, as determined by agreement or contract between the parties if the two are separate business entities.

  • Ground Lessee means the Owner Lessor as lessee of the Ground Interest under the Facility Site Lease.

  • Sublessor means one who conveys real property by sublease."

  • Lot Owner means a declarant or other person who owns a lot, or a lessee of a lot in a leasehold planned community whose lease expires simultaneously with any lease the expiration or termination of which will remove the lot from the planned community, but does not include a person having an interest in a lot solely as security for an obligation.

  • Subtenant means any Person entitled to occupy, use, or possess any Premises under a Sublease.

  • Eligible Mortgagee means the holder of a security interest on a unit that has filed with the secretary of the association a written request that it be given copies of notices of any action by the association that requires the consent of mortgagees.

  • New Owner means, collectively, the HDFC and the Company.

  • Leasehold Mortgage means a mortgage, a deed of trust, a deed to secure debt, or other security instrument by which the Leasehold is mortgaged, conveyed, assigned, or otherwise transferred to secure a debt or other obligation.

  • Sublandlord means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver the then existing Letter of Credit to the transferee of Sublandlord’s interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto. In addition. Sublandlord shall comply with all of its obligations as “Tenant” under the Master Lease except to the extent that any such obligation is the obligation of Subtenant pursuant to the terms of this Sublease. Notwithstanding any other term or provision of this Sublease, the liability of Subtenant to Sublandlord for any default in Subtenant’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Sublandlord, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Subtenant (or otherwise be indemnified by Subtenant) for lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, except for any breach by Subtenant under Section 12 of the Master Lease. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Subtenant’s shareholders, directors, officers, or partners on account of any of Subtenant’s obligations or actions under this Sublease.

  • Mortgagor The obligor on a Mortgage Note.