Head Lease Term definition

Head Lease Term shall have the meaning specified in Section 3.1 of the Head Lease.
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Head Lease Term means the term of the Head Lease, particulars of which are set out in column 5 of Schedule 1.
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Examples of Head Lease Term in a sentence

  • The Head Lessor and the Head Lessee understand and agree that (a) legal title to the Facility remains vested in the Head Lessor throughout the Head Lease Term, (b) this Head Lease is subject to the Permitted Closing Date Liens set forth in Attachment B hereto and (c) this Head Lease is intended to be a lease of personal property under Tennessee law.

  • The Head Lessor acknowledges receipt of such amount in full satisfaction of the Head Lessee’s obligation to pay rent during the Head Lease Term.

  • The Head Lessor acknowledges receipt of such amount in full satisfaction of the Head Lessee's obligation to pay rent during the Head Lease Term.

  • Notwithstanding anything to the contrary set forth in this Section 3.1, in no event shall the Head Lease Term terminate so long as the Head Lessee's interest under this Head Lease shall be subject to the Lien of the Lease Indenture.

  • Notwithstanding anything to the contrary set forth in this Section 3.1, in no event shall the Head Lease Term terminate so long as the Head Lessee’s interest under this Head Lease shall be subject to the Lien of the Lease Indenture.

  • The Head Lease Term shall commence on the Closing Date and shall terminate at 11:59 p.m. (New York City time) on March 25, 2041 (the “Head Lease Basic Term”), subject to earlier termination pursuant to the express terms hereof and extension for any number of Head Lease Renewal Terms (as defined below).

  • The assignment effected by this Section 2 shall become effective on and as of the Closing Date and shall terminate on the expiration or earlier termination of the Head Lease Term.

  • The Head Lessor agrees that, during the Head Lease Term, neither the Head Lessor, any Affiliate nor any other Person claiming title superior to, or by, through or under it shall interfere with or interrupt the quiet enjoyment of the use, operation and possession by the Head Lessee of the Facility subject to the terms hereof; provided that the Head Lessor's covenant does not relate to actions of the Lease Indenture Trustee.

  • The Head Lease Term shall automatically terminate, without any action of any Person whatsoever, with respect to the Terminated Portion of the Network, upon satisfaction of the conditions set forth in Section 14A.4 of the Network Lease, (including the condition that payment of the Partial Termination Payment be made or, alternatively, subjection to this Head Lease of the Substituted Components or Substituted Non-Network Equipment).

  • Upon satisfaction of the requirements of the relevant section of the Equipment Operating Lease, the Equipment Head Lease Term shall terminate without any action of any Person whatsoever and the Equipment Head Lessor and the Equipment Head Lessee agree to comply with the provisions of the applicable section of the Equipment Operating Lease in connection with such termination.

Related to Head Lease Term

  • 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.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

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

  • Master Lease This schedule is issued pursuant to the Lease identified on page 1 of this Schedule. All of the terms and conditions of the Lease are incorporated in and made a part of this Schedule as if they were expressly set forth in this Schedule. The parties hereby reaffirm all of the terms and conditions of the Lease (including, without limitation, the representations and warranties set forth in Section 8) except as modified herein by this Schedule. This Schedule may not be amended or rescinded except by a writing signed by both parties. CARDIMA, INC. COMDISCO, INC. as Lessee as Lessor By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇ By: ------------------ ------------------------------- Title: Title: --------------- ----------------------------- Date: Date: ---------------- ----------------------------- 18 SLXXXXX-XX EXHIBIT 1 SUMMARY EQUIPMENT SCHEDULE -------------------------- This Summary Equipment Schedule dated XXXX is executed pursuant to Equipment Schedule No. X to the Master Lease Agreement dated XXXX between Comdisco, Inc. ("Lessor") and XXX ("Lessee"). All of the terms, conditions, representations and warranties of the Master Lease Agreement and Equipment Schedule No. X are incorporated herein and made a part hereof, and this Summary Equipment Schedule constitutes a Schedule for the Equipment on the attached invoices.

  • 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.