Basic Lease Term Commencement Date definition

Basic Lease Term Commencement Date means the first day of the calendar month next succeeding the Construction Completion Date. "BASIC LEASE TERM INTEREST RATE" shall mean that per annum interest rate calculated pursuant to Section C.4. of the applicable Schedule to the Master Lease Agreement. "BASIC TERM RENT" with respect to each Unit of Equipment shall have the meaning assigned to it in Section C.2. of the applicable Schedule to the Master Lease Agreement. "BAZAAR HOLDINGS" shall mean Aladdin Bazaar Holdings, LLC, a Nevada limited liability company. "BREAKAGE LOSS" shall include LIBOR and other funding breakage costs, if any, and may be determined by reference to the standard International Swap Dealers Association calculation for "Loss." "BUSINESS DAY" shall mean any day that is not a Saturday, a Sunday or a day on which banks are required or permitted to be closed in the States of Nevada, New York or Maryland, and if the applicable Business Day relates to the determination of any Interest Period or the interest rate therefor, such term also shall exclude any day on which trading is not carried on by and between banks in U.S. Dollars in the London interbank market. "CAPITAL EXPENDITURES" shall mean all payments or accruals (including Capital Lease Obligations) for any fixed assets or improvements or for replacements, substitutions or additions thereto, that have a useful life of more than one (1) year and that are required to be capitalized under GAAP. "CAPITAL LEASE" shall mean, with respect to any Person, any lease of any property (whether real, personal or mixed) by such Person as lessee that, in accordance with GAAP, either would be required to be classified and accounted for as a capital lease on a balance sheet of such Person or otherwise be disclosed as such in a note to such balance sheet, other than, in the case of Aladdin Gaming, any such lease under which Aladdin Gaming is the lessor.
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Basic Lease Term Commencement Date means September 1, 2001 or
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Basic Lease Term Commencement Date means September 1, 2001 or ---------------------------------- the first day of any subsequent month as may be agreed to in writing by Lessor and which shall correspond to the Acceptance Date of a Unit; provided, however, if Lessee shall deliver an Interim ILR for a Unit, the Basic Lease Term Commencement Date for such Unit shall be the first day of the next succeeding Rental Period after delivery of the Final ILR for such Unit. The Basic Lease Term Commencement Date shall not extend beyond March 1, 2002.
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Examples of Basic Lease Term Commencement Date in a sentence

  • Subject to the provisions of this Agreement, Lessor agrees to and does hereby lease to Lessee and Lessee agrees to and does hereby hire and take from Lessor the Aircraft for a term commencing on the Delivery Date and ending ninety-six (96) months after the Basic Lease Term Commencement Date (the "Expiration Date").

  • The Basic Lease Term Commencement Date means the first day of the month following the month in which the Delivery Date occurs.

  • Basic Lease Term Commencement Date: the Construction Completion Date.

  • The Term shall consist of (i) the Interim Term (which means the period commencing on the Delivery Date of the Aircraft and ending on the date immediately prior to the Basic Lease Term Commencement Date), (ii) the Basic Lease Term (the ninety-six (96) month period referenced above), and (iii) if actually entered into, any Renewal Term, as hereinafter defined.

  • The Term shall consist of (i) the Interim Term (which means the period commencing on the Delivery Date of the Aircraft and ending on the date immediately prior to the Basic Lease Term Commencement Date), (ii) the Basic Lease Term (the ninety-six (96) month period referenced above) , and (iii) if actually entered into, any Renewal Term, as hereinafter defined.

  • The Basic Lease Term applicable to the Leased Property under this Lease Supplement shall commence on the date of this Lease Supplement (the "Basic Lease Term Commencement Date") and, unless the Lease is sooner terminated pursuant to the provisions thereof, shall end on August 1, 2009 (the "Lease Term Expiration Date").

  • The Basic Lease Term with respect to the Leased Property specified in each Lease Supplement shall commence on the Basic Lease Term Commencement Date specified in the applicable Lease Supplement, and, unless this Master Lease is sooner terminated pursuant to the provisions hereof, shall end on August 1, 2009 (the "Lease Term Expiration Date").


More Definitions of Basic Lease Term Commencement Date

Basic Lease Term Commencement Date means January 2, 1997.
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Basic Lease Term Commencement Date means the Completion Date.
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Basic Lease Term Commencement Date means the first day of the month following the month in which the Delivery Date occurs. The Delivery Date means the date on which Lessor delivers the Aircraft to Lessee and the Lease Supplement is executed by Lessor and Lessee ("Delivery"). Lessor will furnish Lessee with 72 hours notice of intended delivery. Lessor and Lessee anticipate that the Delivery Date will be on or before August 31, 1998 provided, however that Lessor will have no responsibility or liability for any delay in delivering the Aircraft or failure to deliver the Aircraft for reasons other than willful default of Lessor, including but not limited to, the failure of the current lessee, Transportes Aeros Portugueses, S.A. ("TAP"), to redeliver the Aircraft to Lessor at the time and in the condition required by Lessor's lease with TAP. The delivery to and acceptance of the Aircraft by Lessee will be confirmed by execution of a lease supplement in the form of Exhibit I hereto. The Aircraft shall be used by Lessee for the carriage of passengers, mail and freight in its operations as an air carrier certified by the Federal Aviation Administration ("FAA") and for no other purposes whatsoever except for flight crew training; provided however, any training or check flights performed with the Aircraft shall not exceed the average training/check flights performed in other aircraft in Lessee's fleet. In no event shall the Aircraft be operated in any area excluded from coverage by any insurance policy required to be in effect with respect to the Aircraft under Section 12 hereof B. At Delivery the Aircraft will be equipped with two (2) Pratt and Whitney model JT8D-9A engines each of which has 750 or mor▇ ▇▇▇ed ta▇▇ ▇▇▇ horsepower, or the equivalent thereof (individually, an "Engine" and collectively the "Engines"), and with the major components as described in Exhibit A. Lessor will perform at its expense all necessary conversions from metric to US measurements for manuals, supplements and any other documents, in order for the Aircraft to be operated. Lessor will retain all parts removed from the Aircraft as a result of such conversion.
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Basic Lease Term Commencement Date for any Leased Property shall have the meaning specified in the applicable Lease Supplement.
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Related to Basic Lease Term Commencement Date

  • Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.

  • Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.

  • Commencement Date means the date of this Agreement;

  • Rent Commencement Date means [Insert date or description] or any later date calculated in accordance with paragraph 3.3 of Part 5 of the Schedule;

  • Lease Commencement Date has the meaning specified in Section 3.2 of the Master Lease.