Basic Term definition

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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

Basic Term means that term commencing as of the date of this Lease and ending on April 1, 2024, subject to prior termination as specified in this Lease, but ending, in any event, when all of the principal of 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.

Examples of Basic Term in a sentence

• The Employer shall continue to pay each month on behalf of each employee those premiums necessary for the purchase of a fifty thousand-dollar ($50,000.00) Group Basic Term Life Insurance Plan naming a beneficiary selected by an employee.

• The Employer shall pay each month on behalf of each employee those premiums necessary for the purchase of a fifty thousand-dollar ($50,000.00) Group Basic Term Life Insurance Plan naming a beneficiary selected by the employee.

• The parties hereto desire to extend the Basic Term of the Lease to December 31, 2015, and to make certain provisions for use and disposition of the continuing rental payments to be made by the State under the terms of the extended State Lease.

• The Employer shall pay each month on behalf of each employee those premiums necessary for the purchase of a fifty thousand-dollar ($50,000.00) Group Basic Term Life Insurance Plan naming a beneficiary selected by an employee.

More Definitions of Basic Term

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.

Basic Term means the period specified in Lease Supplement No.

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

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 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 has the meaning specified in the Lease.

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