Long-Term Leases. The Company will not, and will not permit any Restricted Subsidiary to, become obligated, as lessee under any Long-Term Lease unless, at the time of entering into such Long-Term Lease and after giving effect thereto, the average aggregate annual Rentals payable by the Company and its Restricted Subsidiaries on a consolidated basis during the term of such Long-Term Lease pursuant to Long-Term Leases will not exceed 10% of Consolidated Net Worth, determined as of the end of the Company's prior fiscal quarter.
Long-Term Leases. In the case of a long term lease, the lessee is responsible for reporting and paying fuel taxes. However, the lessor may apply to the ministry to be deemed the licensee and, if approved, the lessor will be responsible for reporting and paying the fuel taxes. Independent Contractors (Owner/Operators) Independent contractors differ from rental/leasing companies in that they rent out both the IFTA commercial vehicle and the driver. The leases for independent contractors are either short term (29 days or less) or long term (30 days or more).
Long-Term Leases. In the case of long term leases, the lessee is responsible for reporting and paying fuel taxes unless a written contract stipulates that the lessor (independent contractor, agent or service representative) is responsible.
Long-Term Leases. A Long-Term Lease is defined as a lease of six (6) months or more. Organizations desiring to rent a facility on an extended basis shall be allowed to lease only Elementary and Middle School Campuses that are determined by the District. Rental of any campus will require a KISD Staff representative to be on site for the total hours of each event at the designated rate per hour set by the District. These regularly scheduled meetings must only be held on Saturday, Sunday morning or Sunday afternoon in order to allow KISD staff ample time to prepare for school. The District shall not commit to a reservation request that is longer than 12 months at a time. At the end of the long-term lease, an evaluation of the accommodations, fees and terms will be reviewed. The lessee must submit a new request and with approval, a new agreement will be written using the then current fees.
Long-Term Leases. As at December 31, 2019, the Company and its subsidiaries have long-term leases as follows :- Consolidated financial statement Type of lease Period Remaining rental expenses (Baht) Within 1 year 1-5 years Over 5 years Total
Long-Term Leases. The Guarantor will not, and will not permit any Subsidiary to, become obligated, as lessee under any Long-Term Lease unless, at the time of entering into such Long-Term Lease and after giving effect thereto, the average aggregate annual Rentals payable by the Guarantor and its Subsidiaries on a consolidated basis during the term of such Long-Term Lease pursuant to Long-Term Leases will not exceed 10% of Consolidated Net Worth, determined as of the end of the Guarantor's prior Fiscal Quarter.
Long-Term Leases. Non-capitalized leases where Interpool or any member of the Interpool Group are the lessee with an initial term in excess of three (3) years, excluding leases of office equipment and transportation vehicles used in the ordinary course of business.
Long-Term Leases. In the case of a carrier using independent contractors under long-term leases (30 days or more), the lessor and lessee will be given the option of designating which party will report and pay fuel use tax. In the absence of a written agreement or contract, or if the document is silent regarding responsibility for reporting and paying fuel use tax, the lessee will be responsible for reporting and paying fuel use tax. If the lessee (carrier) through a written agreement or contract assumes responsibility for reporting and paying fuel use taxes, the base jurisdiction for purposes of this Agreement shall be the base jurisdiction of the lessee, regardless of the jurisdiction in which the qualified motor vehicle is registered for vehicle registration purposes by the lessor.
Long-Term Leases. Long-term leases of transmission facilities owned by entities other than WAPA. Parties shall have the opportunity to review and discuss, with DSW, any long-term leases of transmissions facilities owned by entities other than WAPA both prior to the execution of any said leases, and prior to the costs which may be incurred by WAPA or DSW in operating and maintaining the same being included in the rates associated with the Desert Southwest Region Systems.
Long-Term Leases. (a) The Lessee agrees to carry insurances of the types and in the minimum US$2,000,000 (two million US dollars). For liabilities assumed hereunder by the Lessee, its insurance shall be endorsed to provide that underwriters waive subrogation rights against the Lessor. It is further agreed that each insurance policy, other than statutory workers’ compensation coverage, shall be endorsed to name the Lessor as an additional insured for claims arising out of or connected with this Lease. It is further agreed that all insurance policies shall be endorsed to provide that the coverage provided thereunder shall be primary for all assured and any other insurance that might otherwise apply shall not be called upon to contribute in any fashion. The Lessee shall provide the Lessor with certificates evidencing such insurance.
