IDA Lease definition

IDA Lease means the Amended and Restated Lease Agreement, dated November 30, 2015, by and between the Agency, as lessor, and ISC Farmingdale, as lessee, for the premises located at 815 Broad Hollow Road, Farmingdale, New York 11735.
Sample 1

Examples of IDA Lease in a sentence

  • The IDA will enter into a sub-sub-sublease with PSI and certain of its affiliates, pursuant to which the IDA will sub-sub-sublet the PSI Units together with certain leasehold equipment and the leasehold improvements in the PSI Units to PSI and its affiliates (the "IDA Lease").

  • It should be noted that, in both the IDA Lease Agreement and the Public Utility Service Agreement, it was considered necessary to have a provision explicitly including contract personnel within the definitions of "employees" or "jobs." Presumably, in the absence of such an explicit provision, the contract personnel would not have been counted as employees or jobs.

  • Whether the creation of (a) the Amended and Restated Lease (which includes the Expansion Space Options, Right of First Offer and the Building Offer) and (b) the IDA Lease constitute taxable transfers for purposes of the gains tax or the transfer tax.

  • The designation in the IDA Lease Agreement has nothing to do with the right of the Taxpayer to direct and control the personnel and, therefore, is not relevant to the REAP determination.

  • The IDA Lease Agreement designates the contract personnel as employees for IDA purposes.

  • Borrower has good, marketable leasehold title to the real property demised under the IDA Lease and good, marketable and xxdefeasible title in fee to the balance of the Property, free and clear of all Liens except the Permitted Encumbrances.

  • Sublessee will be responsible for its own costs, and for Sublessor's reasonable, out of pocket costs, incurred in connection with modifying, if necessary, the IDA Lease structure in place for the purpose of allowing Sublessee to xxalize its benefits obtained from governmental authorities in connection with the Subleased Premises.

  • Fee Owner's sole remedy xxon a default under the IDA Lease by Borrower is the termixxxion of the IDA Lease and the simultaneous conxxxance by bargain and sale deed with covenant against grantor's acts of the Fee Estate by Fee Owner to Borrower for consideration not to exceed $10.00.

  • There are no outstanding options to purchase or rights of first refusal affecting all or any portion of the Property or the leasehold estate demised under the IDA Lease, except pursuant to the Xxxram Micro Lease.

  • Sublessor hereby covenants and agrees to pay rent and additional rent due under the Prime Lease to Landlord and, to the extent applicable with respect to the Tenant's Units, under the IDA Lease to the landlord thereof.

Related to IDA 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).

  • 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:

  • 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.

  • 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.

  • 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.

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

  • 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.

  • 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;

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

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

  • 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.

  • 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.

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

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

  • 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.

  • Site Lease means the lease of part of the Site from the Minister for Finance on behalf of the State to the Company;' ;

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

  • mineral lease means the mineral lease referred to in clause 8(1)(a) hereof and includes any renewal thereof;

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • 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.

  • 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.

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • 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.

  • Facility Lease means a lease or master lease with respect to any Real Property Asset owned or ground leased by any of the Consolidated Parties as lessor, to a third party Tenant, which, in the reasonable judgment of the Administrative Agent, is a triple net lease such that such Tenant is required to pay all taxes, utilities, insurance, maintenance, casualty insurance payments and other expenses with respect to the subject Real Property Asset (whether in the form of reimbursements or additional rent) in addition to the base rental payments required thereunder such that net operating income to the applicable Consolidated Party for such Real Property Asset (before non-cash items) equals the base rent paid thereunder; provided, that each such lease or master lease shall be in form and substance reasonably satisfactory to the Administrative Agent.