Long Term Lease Arrangement definition

Long Term Lease Arrangement means an arrangement whereby the Developer undertakes to finance, develop, construct, maintain and operate an Integrated Sugar Complex and whereby Developer shall be entitled to run the Integrated Sugar Complex during Lease Period. The Developer is required to transfer the Integrated Sugar Complex to the UPCSFFL as On Going Concern after the expiry of the Lease Period without any consideration.
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Examples of Long Term Lease Arrangement in a sentence

  • In case the first highest bidder prefers to withdraw from the process, the offer of the Second Highest Bidder (H2) may be considered for the Long Term Lease Arrangement.

  • We hereby acknowledge, confirm and undertake that we shall extend any and all necessary financial support to (name of Applicant) and shall, furthermore, be jointly and severally responsible for the fulfillment of any and all obligations of the name of Applicant towards its successful participation in the Long Term Lease Arrangement of Unit (Transaction) and for the successful completion thereof, including all obligations as may be incidental and consequential to the Transaction.

  • This Agreement is binding on the Parties on the exchange of the counterparts.

  • AND WHEREAS, ……………., being the selected bidder for taking the Mill on Long Term Lease Arrangement, requested UPCSFFL to allow it to take over the Mill under Long Term Lease Arrangement through and in the name of its wholly-owned subsidiary and Special Purpose Vehicle ( “SPV”) namely, , incorporated for the purpose.AND WHEREAS UPCSFFL agreed to the said request of …………..., Subject to ………..

  • We understand that Unit of UPCSFFL is proposed to be developed into Integrated Sugar Complex under Long Term Lease Arrangement and we are interested in bidding for the same.

  • We understand that Mill of UPCSFFL is proposed to be developed into Integrated Sugar Complex under Long Term Lease Arrangement and we are interested in bidding for the same.

  • Apart from this Lessee can establish and operate stock yard and/or allied industries under Long Term Lease Arrangement for 30 years.

  • Under Long Term Lease Arrangement the Developer has to pay One Time Amount in lieu of existing buildings, plant & machinery, trees etc.

  • UPCSFFL proposes to transfer all the assets of the Unit on Long Term Lease Arrangement on “as is where is” basis as per the Unit’s balance sheet to the Successful Bidder who would be expected to develop the Unit into Integrated Sugar Complex within a period of 36 months.

  • UPCSFFL shall execute Lease Deed and Asset Transfer Agreement with the Selected Bidder(s) to transfer the assets of Majhola Sugar Mill on Long Term Lease Arrangement.

Related to Long Term Lease Arrangement

  • Long-term lease means a lease term of at least 27.5 years for a residential resource or at least 31.5 years for a nonresidential resource.

  • Long-term contract means a contract with a duration period exceeding one year;

  • Long-term care means the system through which the Department provides a broad range of social and health services to eligible adults who are aged, blind, or have disabilities for extended periods of time. This includes nursing homes and state hospitals (Eastern Oregon and Oregon State Hospitals).

  • Long-term inpatient care means inpatient services for

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Access Arrangement means an arrangement for access to a Covered Pipeline that has been approved by the Relevant Regulator.

  • Long-Term Debt means debt repayable over a period exceeding one year;

  • Life-of-the-unit, firm power contractual arrangement means a unit participation power sales agreement under which a utility or industrial customer reserves, or is entitled to receive, a specified amount or percentage of nameplate capacity and associated energy from any specified unit and pays its proportional amount of such unit's total costs, pursuant to a contract:

  • Long Term Supply Assignment means, in relation to an employee,

  • Long-term care facility means a nursing home, retirement care, mental care, or other facility or institution that provides extended health care to resident patients.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Non-Exempt Severance Arrangement means a severance arrangement or other agreement between the Participant and the Company that provides for acceleration of vesting of an Award and issuance of the shares in respect of such Award upon the Participant’s termination of employment or separation from service (as such term is defined in Section 409A(a)(2)(A)(i) of the Code (and without regard to any alternative definition thereunder) (“Separation from Service”) and such severance benefit does not satisfy the requirements for an exemption from application of Section 409A provided under Treasury Regulations Section 1.409A-1(b)(4), 1.409A-1(b)(9) or otherwise.

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • long term specified asset means any bond, redeemable after three years and issued on or after the 1st day of April 2006:

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • Long-term care services means the services admin- istered directly or through contract by the aging and disability services administration and identified in WAC 388-106- 0015.

  • Tax Indemnity Agreement means the Tax Indemnity Agreement, dated as of even date with the Participation Agreement, between Lessee and Owner Participant.

  • Eligible Ground Lease means a ground lease containing terms and conditions customarily required by mortgagees making a loan secured by the interest of the holder of the leasehold estate demised pursuant to a ground lease, and shall include the following: (a) a remaining term (exclusive of any unexercised extension options) of 30 years or more from the date the applicable Property first becomes an Eligible Property; (b) the right of the lessee to mortgage and encumber its interest in the leased property without the consent of the lessor; (c) the obligation of the lessor to give the holder of any mortgage Lien on such leased property written notice of any defaults on the part of the lessee and agreement of such lessor that such lease will not be terminated until such holder has had a reasonable opportunity to cure or complete foreclosures, and fails to do so; (d) reasonable transferability of the lessee’s interest under such lease, including ability to sublease; and (e) clearly determinable rental payment terms which in no event contain profit participation rights.

  • Long-Term Indebtedness means any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability.

  • Severance Plan means any severance plan maintained by the Company that is applicable to the Participant.

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • Exit Facility Term Sheet means the Exit Facility Term Sheet attached as Exhibit 2 to Exhibit B of the Restructuring Support Agreement.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.