Term Lease Clause Samples
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Term Lease. This Agreement shall become effective as of the date hereof (the “Effective Date”) and shall continue in effect until December 31, 2012 provided either Party may terminate this Agreement for any reason upon at least 45 days prior written notice to the other Party. In addition, this Agreement shall automatically terminate upon sale of the Aircraft by Owner. From and after the Effective Date until the termination of this Agreement, Owner hereby agrees to lease the Aircraft to Lessee pursuant to the provisions of FAR Sections 91.501(b)(6), 91.501(c)(1), and 91.501(d) from time to time on a non-exclusive basis and on an “as needed and as available basis” and to provide the services of the Flight Crew for all operations pursuant to this Agreement.
Term Lease. A Lease, other than a Finance Lease, having an initial term (measured from the commencement date of such lease) of thirty-six (36) months or greater.
Term Lease. This Agreement shall become effective as of January 1, 2008 (the “Effective Date”) and shall continue in effect until Owner delivers to Lessee at least 45 days prior written notice of termination of this Agreement. Lessee may terminate its participation in this Agreement by delivering written notice to the Owner at least 45 days prior to the effective date of such termination. From and after the Effective Date until the termination of this Agreement, Owner hereby agrees to lease the Aircraft to Lessee pursuant to the provisions of Section 91.501(c)(1) of the FAR and to provide the services of the Flight Crew for all operations.
Term Lease. If a lease is for a specified period of time (i.e., a year or two years) or has a definite ending date, it is a “term lease,” also known as a “definite term” lease. Under a term lease, the landlord is obligated to rent a specified rental property to the tenant for the specified period of time and a specified amount of rent, and under all other terms of the lease. The tenant is obligated to pay the rent and fulfill all lease conditions during that specified period of time. When the lease expires the tenant must either renegotiate a new lease or stay on as a month-to-month rental, but only with the landlord’s express consent. Neither the landlord nor the tenant needs to give notice of termination at the end of a term lease unless the lease requires such notice. (For information about termination of the lease by either party before the end of the term, see page 8 of this Handbook, Termination of the Lease).
Term Lease. This Equipment Lease Agreement shall commence on the above effective date and shall terminate on [date], unless otherwise consistently concluded within these terms. At the end of the lease, the Lesser is obliged to return the equipment to the Lesser to the Lesse226; Spending.
Term Lease. This term shall have the meaning set forth in Section 101 of the Loan Agreement.
Term Lease. An operating Lease with a minimum maturity (from lease commitment) of three years and a maximum maturity of eight years and containing no Lessee fixed price purchase option.
Term Lease. The LESSOR provides a long-term lease on the ground and the underground of the parcels of land designated thereafter, with the purpose of exploitation by collecting of the mineral water spring of "La Trolliere". The deposit being within the limits of the parcels of land so designated.
Term Lease. The Term of this Agreement shall begin on MAY 01, 2020, hereafter the Effective Date of this agreement and shall end on or before which shall be the completion of each Party’s duties and responsibilities set forth herein.