Estate for Years definition

Estate for Years means that the lessor is in a lease agreement that is non-renewable after the expiration of the original lease. T or F
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Estate for Years means that the lessor is agreeing to a lease that continues for a specific period of time. T or F
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Estate for Years means the estate for years owned by Owner in a particular Land Parcel, for a term expiring April 30, 2019.
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Examples of Estate for Years in a sentence

  • Estate for Years Exclusive right to possess, occupy or rent said Unit during a defined Use Period for a period of ninety-nine (99) years from the date of recording this Rotational Ownership Agreement.

  • The parties entered into an “Option and Estate for Years Agreement” for each of the twenty-nine properties.On September 26, 1991, Tramlaw and WLM executed an “Option and Estate for Years Agreement” concerning property in Covington, Louisiana (the “Agreement”), at issue in this case.

  • The deed conveying Tract 5N reserved “an easement as long as [the Cumberland Island Holding Company] owns real property or an Estate for Years on Cumberland Island, Georgia, for its invitees, licensees, and assigns, to use the roads, dock, and airstrip.”In 1972, Congress established the Cumberland Island National Seashore.

  • This type of transaction would be an Estate for Years transaction for 80 years (property sale that reverts back to ECU), followed by 19-year ground lease option negotiated in year 70, so historical tax credits can be used and monetized by the developer.

  • Estate for Years Exclusive right to possess, occupy or rent said Unit during a defined Use Period for a period of ninety- nine (99) years from the date of recording this Rotational Ownership Agreement.

  • The aggregate purchase price for the Estate for Years, the fee interest in the improvements and the Remainder Interest will be the fair market value of the Property.

  • Secondly, with respect to the transfers of the Estate for Years in the land and the fee in the improvements, the consideration to the Master Lessor for the Lease, which includes the Option to Purchase, is the present value of the lease payments.

  • Finally, if Metromedia exercises its purchase option to purchase the Estate for Years and the fee in the improvements, the original purchase price of the Master Lessor on this transfer will be the amount the Master Lessor paid for these interests when he acquired them, plus the cost of any capital improvements made by the Master Lessor to the property after the granting of the lease; plus the gain recognized, if any, by the Master Lessor on the Lease.

  • A copy of the Second Amendment to Agreement is included in the Joint Appendix as Exhibit 4.On January 11, 2018, LBV sent Headquarters a letter (the “January 11 Letter”) stating that it was “considering marketing” its Estate for Years for sale, with an asking price in the range of $80 million to $93 million (defined, in the January 11 Letter as the “Expected Range”).4 January 11 Letter at 1.

  • On or about June 24, 2002, Headquarters entered into the Estate for Years Agreement with LBV’s predecessor in interest, Berkeley Hotel Associates, LLC (“Berkeley”), pursuant to which Headquarters granted Berkeley a 129 year estate in the Premises (the “Estate for Years”).


More Definitions of Estate for Years

Estate for Years means that the lessor is agreeing to a lease that continues for a
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Estate for Years has the meaning set forth in Recital C of the Agreement.
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Estate for Years has the meaning set forth in Recital C of the Agreement. Exhibits means all exhibits, riders, and other attachments to the DB Documents, including without limitation Volume 1, Volume 2, and Volume 3, as well as, any of the aforementioned, which are incorporated into any DB Documents by reference, and all amendments, modifications, and supplements thereto.
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Estate for Years means an estate for years in the Property, granted pursuant to deed by Lessee to Island Headquarters Operators LLC, dated as of the Effective Date, commencing on the Effective Date and expiring on the day immediately prededing the twenty seventh (27th) anniversary of the Effective Date, unless sooner terminated by operation of law or otherwise (the “Estate for Years Expiration Date”).
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Related to Estate for Years

  • Distribution Calendar Year means a calendar year for which a minimum distribution is required. The first Distribution Calendar Year is the calendar year immediately preceding the calendar year that contains the Participant’s Required Beginning Date and the last Distribution Calendar Year is the calendar year that contains the Participant’s date of death. The required minimum distribution for the Participant’s first Distribution Calendar Year shall be made on or before the Participant’s Required Beginning Date. The required minimum distribution for other Distribution Calendar Years, including the required minimum distribution for the Distribution Calendar Year in which the Participant’s Required Beginning Date occurs, shall be made on or before December 31 of that Distribution Calendar Year.

  • Plan Year(s means the approximate twelve-month periods between annual meetings of the shareholders of the Company, which, for purposes of the Plan, are the periods for which annual retainers are earned.

  • Graduates Available for Employment means the number of graduates minus the number of graduates unavailable for employment.

  • Prior Year means the year commencing 1 April immediately prior to the relevant Charging Year;

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31.

  • Graduates Unavailable for Employment means the graduates who, after graduation, die, become incarcerated, are called to active military duty, are international students that leave the United States or do not have a visa allowing employment in the United States, or are continuing their education in an accredited or bureau-approved postsecondary institution.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA; ‘HESA’ means the Higher Education Support Xxx 0000; ‘maximum basic grant amount’ or ‘MBGA’ has the same meaning as in subclause 1(1) of Schedule 1 of HESA.

  • Average Annual Compensation For the purposes of this Agreement, “Average Annual Compensation” shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Limitation Year means the Plan Year.

  • Adoption Date means the date the Plan is first approved by the Board or Compensation Committee.

  • One-hundred-year flood means a flood having a one per cent chance of being equaled or exceeded in any given year.

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • Current Annual Compensation means the greater of:

  • Annual Compensation means an amount equal to the greater of:

  • Erroneously Awarded Compensation means, with respect to each Executive Officer in connection with an Accounting Restatement, the amount of Clawback Eligible Incentive Compensation that exceeds the amount of Incentive-based Compensation that otherwise would have been Received had it been determined based on the restated amounts, computed without regard to any taxes paid.

  • Vesting Year means a unit of Service credited to a Participant pursuant to Section 9.2 for purposes of determining his vested interest in his Account.

  • Planning Period Balance means the entire period of time remaining in the Planning Period following the month that a monthly auction is conducted.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Elective Deferrals are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.