Bus Lease definition

Bus Lease means any Operating Lease or Finance Lease under which a Contract Bus is leased to the Operator or an Approved Subcontractor by any party other than a TfNSW Lessor. As at the commencement of this Contract, the Bus Leases are listed in Annexure 10 to the Contract Buses and Contract Depots Schedule.
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Bus Lease means a bus lease set out in Schedule 1 (as amended from time to time), each being an Operating Lease or Finance Lease under which a Novation Bus is leased by the Operator from the Lessor and including any chattel mortgage by which the Operator assigns legal title in a Novation Bus to the Lessor subject to an equity of redemption. Default means:
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Examples of Bus Lease in a sentence

  • The Operator shall have the right to lease the Buses required to be provided under this Agreement under the Bus Lease Agreements on terms that are consistent with this Agreement.

  • The Lessee acknowledges and confirms that its obligation to pay the Bus Lease Payment and all other money payable under this agreement and the Lessor's right to receive such amounts is absolute and unconditional irrespective of any contingency, and is not subject to any abatement, reduction, set-off, defence, counterclaim or recoupment of any kind.

  • The Bus Lease Payment is the amount set out in paragraph 3(c) of Schedule 3 (Payment).

  • Where a Guarantee has been provided in support of a Bus Lease, the Lessor will release the guarantor from its obligations under the Guarantee, but only with respect to obligations incurred under the Bus Lease after the date of novation of the Bus Lease.

  • TfNSW will not be obliged to agree any value exceeding the residual value of the relevant Bus and if no agreement is reached, Clause 5.7(a)(iv) will not apply to such Bus and Bus Lease.

  • The Bus Lease Agreement between the Barberton City School District Board of Education and the Wadsworth City School District Board of Education for the period of August 15 through September 30, 2022 being recommended for approval will allow the Barberton City School District to borrow one (1) of our handicap-accessible buses while their bus is repaired.

  • TfNSW shall not be obliged to agree any value exceeding the residual value of the relevant Bus and if no agreement is reached, Clause 5.7(a)(iv) shall not apply to such Bus and Bus Lease.

  • Where a Guarantee has been provided in support of a Bus Lease, the Lessor will release the guarantor from its obligations under the Guarantee, but only with respect to obligations incurred under the Bus Lease after the Novation Completion Date.

  • WATA and CWF desire to amend the Agreement and align it with the Bus Lease Agreement as forth in this Amendment.

Related to Bus Lease

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.