Estate for Years definition

Estate for Years means that the lessor is in a lease agreement that is non-renewable after the expiration of the original lease. T or F
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Estate for Years means that the lessor is agreeing to a lease that continues for a specific period of time. T or F
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Estate for Years means that the lessor is agreeing to a lease that continues for a
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Examples of Estate for Years in a sentence

  • Estate for Years Exclusive right to possess, occupy or rent said Unit during a defined Use Period for a period of ninety-nine (99) years from the date of recording this Rotational Ownership Agreement.

  • The parties entered into an “Option and Estate for Years Agreement” for each of the twenty-nine properties.On September 26, 1991, Tramlaw and WLM executed an “Option and Estate for Years Agreement” concerning property in Covington, Louisiana (the “Agreement”), at issue in this case.

  • The deed conveying Tract 5N reserved “an easement as long as [the Cumberland Island Holding Company] owns real property or an Estate for Years on Cumberland Island, Georgia, for its invitees, licensees, and assigns, to use the roads, dock, and airstrip.”In 1972, Congress established the Cumberland Island National Seashore.

  • This type of transaction would be an Estate for Years transaction for 80 years (property sale that reverts back to ECU), followed by 19-year ground lease option negotiated in year 70, so historical tax credits can be used and monetized by the developer.

  • Estate for Years Exclusive right to possess, occupy or rent said Unit during a defined Use Period for a period of ninety- nine (99) years from the date of recording this Rotational Ownership Agreement.

  • Tenancy for Years (aka Estate for Years or Term of Years):A lease for a fixed determined period of time (e.g. from 1/1/03 – 8/1/03).

  • S1, S2, and S3 each have entered into an Agreement of Purchase and Sale (Remainder Interest) (the “Remainder Interest Purchase Agreements”) with Remainderman and an Agreement of Purchase and Sale (Estate for Years) (the “Lead Interest Purchase Agreements”) with Taxpayer.

  • See id.The ROFO Offer that LBV sent to Headquarters on February 5, 2018, described in clear and plain language the specific terms and conditions on which LBV intended to solicit third-party offers for its Estate for Years in the Premises.

  • Lessee shall be permitted to grant its lenders and any holder of security interest in power generation facility being constructed by Lessee on Lessee's land in Land Lots 236 and 237 of the 3rd Land District of Heard County, Georgia (all of the foregoing being hereinafter collectively referred to as "Lenders"), a leasehold deed to secure debt encumbering the Estate for Years conveyed to Lessee hereunder.

  • The Lease will give the Sublessor an option (hereinafter the "Purchase Option") to purchase the improvements and the Estate for Years from the Master Lessor at the end of the initial term of the Sublease and at the end of any renewal term of the Sublease.


More Definitions of Estate for Years

Estate for Years means the estate for years owned by Owner in a particular Land Parcel, for a term expiring April 30, 2019.
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Estate for Years means an estate for years in the Property, granted pursuant to deed by Lessee to Island Headquarters Operators LLC, dated as of the Effective Date, commencing on the Effective Date and expiring on the day immediately prededing the twenty seventh (27th) anniversary of the Effective Date, unless sooner terminated by operation of law or otherwise (the “Estate for Years Expiration Date”).
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Estate for Years has the meaning set forth in Recital C of the Agreement.
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Estate for Years has the meaning set forth in Recital C of the Agreement. Exhibits means all exhibits, riders, and other attachments to the DB Documents, including without limitation Volume 1, Volume 2, and Volume 3, as well as, any of the aforementioned, which are incorporated into any DB Documents by reference, and all amendments, modifications, and supplements thereto.
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Related to Estate for Years

  • Graduates Available for Employment means the number of graduates minus the number of graduates unavailable for employment.

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31.

  • Graduates Unavailable for Employment means the graduates who, after graduation, die, become incarcerated, are called to active military duty, are international students that leave the United States or do not have a visa allowing employment in the United States, or are continuing their education in an accredited or bureau-approved postsecondary institution.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA; ‘HESA’ means the Higher Education Support Xxx 0000; ‘maximum basic grant amount’ or ‘MBGA’ has the same meaning as in subclause 1(1) of Schedule 1 of HESA.

  • Erroneously Awarded Compensation means the amount of Incentive-Based Compensation received by a current or former Officer that exceeds the amount of Incentive-Based Compensation that would have been received by such current or former Officer based on a restated Financial Reporting Measure, as determined on a pre-tax basis in accordance with the Applicable Rules.

  • Vesting Year means a unit of Service credited to a Participant pursuant to Section 9.2 for purposes of determining his vested interest in his Account.

  • Matching Contributions means local cash and/or in-kind contributions made by the Contractor, a subcontractor, or other local resources that qualify as match for the Contract funding.

  • Elective Deferrals are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.