Core Lease definition

Core Lease means the Memorandum of Lease dated 20 December 1991 entered into between the Crown and NZRC (as lessor), and New Zealand Rail Limited as lessee, as varied from time to time before the date of this Agreement;
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Core Lease means the memorandum of lease dated 20 December 1991 entered into between the Crown and NZRC, collectively the lessor, and Toll Rail as lessee, varied on or around the date of this Agreement by memorandum of variation of lease between the same parties and including any subsequent variations or amendments made in accordance with the terms of the lease.
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Core Lease means the Variation and Restatement of Lease of the Crown rail estate between the Crown, NZRC and KiwiRail Limited dated 20 February 2013 as varied from time to time.
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Examples of Core Lease in a sentence

  • It does so to enable KiwiRail to enjoy the commercial benefit of the land through the Core Lease granted to KiwiRail.

  • It has leased the railway land to KiwiRail through the Core Lease for nominal consideration, to enable KiwiRail to enjoy the commercial benefit of the land and support the Crown’s investment in rail operations as a whole.

  • It is acknowledged that the Crown may amend the New Zealand Railways Corporation Restructuring Act 1990 to prevent any material adverse outcome for the Crown arising from the surrender of land from the Core Lease and the parties expressly agree that, at the option of the Crown, the surrender of land from the Core Lease may be delayed until any time up to the end of the Transitional Period.

  • The Crown will procure NZRC’s agreement to that surrender and variation of the Core Lease.

  • The implementation includes a module-based IWMS “Manhattan Software” (called “KMD Atrium” in Denmark) covering Core, Lease, Customer Relationship Management, Project and Energy modules.

  • This is due to the limited number of sitting days and the amount of government sponsored bills.

  • This Agreement shall be on substantially the same terms (except as to the land surrendered from the Core Lease) as the Agreement to Partially Surrender and Vary the Core Rail Lease between the Crown, NZRC and Tranz Rail, dated 24 December 2001.

  • If the Controlling Trustees determine that any such revision to the Servicer's Pro Forma Lease will not have a material adverse effect on the Holders, then the Controlling Trustees shall amend the applicable Core Lease Provisions and (ii) notify the Rating Agencies of any Future Lease entered into the terms of which are materially less favorable from the point of view of the lessor than any of the Leases then in effect, including without limitation, such changes to the Core Lease Provisions.

  • We have seen significant interest in this first round of grants, and we are excited to complete the next phase of grant application review, scoring and awards.

  • This Agreement will require the parties, following Completion, to negotiate in good faith to agree a further variation of the Core Lease in order to ensure that the lease reflects, and contains terms reasonably appropriate to, the remaining land leased to Tranz Rail under it after completion of the surrender of the Surrender Land.


More Definitions of Core Lease

Core Lease means the memorandum of lease dated 20 December 1991 entered into between the Crown and the New Zealand Railways Corporation, collectively the lessor, and Toll NZ as lessee, varied on or around the Commencement Date of these Terms by memorandum of variation of lease between the same parties and including any subsequent variations or amendments made in accordance with the terms of the lease.
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Core Lease shall have the meaning set forth in Section 4.16(c).
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Related to Core 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).

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • 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:

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Master Lease means any master lease now or hereafter entered into, in which the Healthcare Facility is aggregated with other HUD-insured healthcare facilities and leased to a Master Tenant and any amendments or joinders thereto.

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Operating Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which is not a Capital Lease.

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • 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.

  • Company Lease means any lease, sublease, sub-sublease, license and other agreement under which the Company or any of its Subsidiaries leases, subleases, licenses, uses or occupies (in each case whether as landlord, tenant, sublandlord, subtenant or by other occupancy arrangement), or has the right to use or occupy, now or in the future, any real property.

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • 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.

  • Lease means any agreement, whether written or oral, no matter how styled or structured, pursuant to which a Loan Party is entitled to the use or occupancy of any space in a structure, land, improvements or premises for any period of time.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • Head Lease or “Superior Lease” means the document which sets out the promises the Landlord has made to the Superior Landlord. The promises contained in this Head Lease will bind the Tenant if he has prior knowledge of those promises.

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Mining Lease means the mining lease granted pursuant to Clause 12 and includes any renewal thereof and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Real Property Lease means any lease, sublease, license or other Contract with respect to Real Property.