Fixed Lease definition

Fixed Lease means Lessee’s fixed annual Lease obligation based on the square footage of the Property, as provided in Section A of Article IV, exclusive of the common seating area to which Paragraph B(1)(b) of Article II refers.
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Examples of Fixed Lease in a sentence

  • This Agreement shall be considered a: (check one) ☐ – Fixed Lease.

  • As such, under Chapter 14A of the Listing Rules, the transactions contemplated under the Lease Agreement and the Fixed Lease Payment constitute a one-off connected transaction of the Company, whereas the Variable Lease Payment will be regarded as a continuing connected transaction of the Company under Rule 14A.31 of the Listing Rules.

  • This certificate pertains to the ☐ Fixed Lease Agreement ☐ Month-to-Month Lease Agreement, referred to as the “Lease Agreement”, for the property located at _____________________________ City of ______________________ State of ______________________ (“Property”) between ______________________________ (“Landlord”) and ______________________________ (“Tenant(s)”).

  • Table 2 below is a hypothetical example of how the Fixed Lease Rate might change over the term of the Master Agreement based on a change in the Prime Rate.

  • The Lessee shall undertake to compensate the Lessor’s corresponding expenses for insurance of each Leased Item (increased by VAT) in accordance with clause 9.1 of these General Terms and Conditions, as part of the Variable Lease Payments under the corresponding Agreement, with the exception of insurance costs, payments (nonzero) for which are directly included in the Fixed Lease Payments according to the corresponding Payment Schedule.

  • As the highest applicable percentage ratio in respect of the value of the right-of-use asset under the Lease Agreement exceeds 0.1% but is less than 5%; the transactions contemplated under the agreement and the Fixed Lease Payment thereunder are subject to the reporting and announcement requirements but are exempt from independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.

  • Despite the rules of the previous paragraph of this clause 8.3, the Lessor shall bear the costs of insurance of such Leased Items, the Agreements in respect of which the corresponding amounts of insurance premiums are included in the Fixed Lease Payments according to the relevant Payment Schedules.

  • The Judicial Council and Contractor may amend this Master Agreement with such amendment to be effective for any Order Period starting after the First Order Period End Date to reflect a change in a vehicle’s MSRP or a change in the Fixed Lease Rate.

  • Although the Fixed Lease Rate the Contractor charges for the First Order Period may be different from the Wall Street Journal Prime Rate (“Prime Rate”), the allowable change in the Fixed Lease Rate for any subsequent Order Period shall be limited to the percentage change in the Prime Rate as compared to the Prime Rate that existed at the beginning of the immediately prior Order Period.

  • The present value of the aggregate Periodic Lease Rent payable during the Fixed Lease Term under the Facility Lease (taking into account any rent adjustment through or contemplated on the Closing Date), together with all rent payable under the Site Lease and Sublease and all Transaction Costs financed through the Facility Lease, discounted at the Discount Rate, shall satisfy the 90 percent test for off-balance sheet treatment under SFAS 13.

Related to Fixed Lease

  • Approved Lease has the meaning set forth in Section 6.11(a).

  • Permitted Lease means a lease permitted under Section 4.02(b) of the Trust Indenture.

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

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

  • special lease means a special lease or license to be granted in terms of this Agreement under the Ratifying Act the Land Act or the ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ and includes any renewal thereof; “this Agreement” “hereof” and “hereunder” include this Agreement as from time to time added to varied or amended;