Basic Term definition

Basic Term shall have the meaning specified in Section 2.2 of the Lease.

Basic Term means the term for which the Aircraft is leased pursuant to Section 3(a) of the Lease, commencing on the Delivery Date and ending on the Basic Term Expiration Date.

Basic Term means the period commencing at the beginning of the day on the Delivery Date and ending at end of the day on the Expiration Date, or such earlier date on which the Lease shall be terminated as provided therein.

Examples of Basic Term in a sentence

• The period commencing on the Delivery Date and ending at the end of the Basic Term.

• The periodic rent payable for the Aircraft throughout the Basic Term pursuant to Section 3.02 of the Lease, adjusted pursuant to Article 3 of the Lease.

• The aggregate periodic rent payable for the Aircraft throughout the Basic Term pursuant to Section 3.02 of the Lease, adjusted pursuant to Article 3 of the Lease.

• The Basic Term of the lease for the Aircraft under the Lease and, if renewed pursuant to Section 4.01 of the Lease, each Renewal Term for the Aircraft for which the Lease is renewed, or such earlier date on which the Lease is terminated pursuant to its terms.

• At such second meeting an Extraordinary Resolution, including an Extraordinary Resolution approving a Basic Term Change, can be adopted regardless of the quorum represented at such meeting.

More Definitions of Basic Term

Basic Term means the period specified in Lease Supplement No. 3.

Basic Term means that term commencing as of the date of this Lease and ending on February 1, 2030, subject to prior termination as specified in this Lease, but ending, in any event, when all of the principal of, redemption premium, if any, and interest on all Outstanding Bonds shall have been paid in full or provision made for their payment in accordance with the provisions of the Indenture.

Basic Term with respect to the Lease, and subject to the terms and conditions set forth therein and in the other Operative Documents, the period commencing on the Lease Commencement Date and ending on the earlier to occur of (i) the Option Date, (ii) the Cancellation Date, or (iii) the Scheduled Lease Termination Date.

Basic Term has the meaning specified in the Lease.

Basic Term means that term commencing as of the date of this Lease and ending on December 1, 2016, subject to prior termination as specified in this Lease, but ending, in any event, when all of the principal of, redemption premium, if any, and interest on all Outstanding Bonds shall have been paid in full or provision made for their payment in accordance with the provisions of the Indenture.

Basic Term shall have the meaning specified in Section 3.1 of the Lease.

Basic Term means each of those terms defined as such at the commencement of this Lease.