Initial Lease Period definition

Initial Lease Period. - means the initial period of the lease, as set out in item 3 of Schedule A hereto;
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Initial Lease Period means a period of [3] years from ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
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Initial Lease Period. With respect to each Long Term Unit which has not been subject to a Finance Lease, the period commencing on the date such Long Term Unit is first placed in service in the Long Term Fleet and ending on the earlier of the date such unit is initially leased out on a Short Term Lease or the date such unit is no longer available for lease; and with respect to each Long Term Unit which has been subject to a Finance Lease, the period commencing on the date such Long Term Unit is first placed in service in the Long Term Fleet and ending on the date such unit is no longer managed by Triton as part of the Combined Fleet. A Long Term Unit shall be considered to be in an Initial Lease Period notwithstanding that it may be off-lease at any time during such period. Insolvency Law: The Bankruptcy Code or similar Applicable Law in any other applicable jurisdiction. Insolvency Proceeding: Any Proceeding under any applicable Insolvency Law. Instruments: Any instrument, as such term is defined in the UCC, including, without limitation, all notes, certificated securities, and other evidences of indebtedness, other than instruments that constitute, or are a part of a group of writings that constitute, Chattel Paper.
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Examples of Initial Lease Period in a sentence

  • The Lessee shall from the Agreement Date and during the term of the Initial Lease Period, pay Lease Rent to the Lessor at the rate of 2% (Two Percent) of the Total Land Premium along with the applicable Goods & Service Tax (GST) per annum in advance before 1st day of April of every year during the Initial Lease Period, by way of a Demand draft or pay order in favour of the Lessor on a nationalized/scheduled bank having a branch at Raipur.

  • The term of this Agreement may be extended, at the sole option of the LESSOR, for two(2) additional periods of five (5) years each, under the same terms and conditions contained in this Agreement, provided LESSEE gives written Notice to the LESSOR, as set forth in Article XXIX, at least one hundred twenty (120) days prior to the expiration of the Initial Lease Period or the then current period, and LESSEE is not in default in performance of the obligations set forth in this Agreement.

  • The lease period shall automatically renew for six (6) month periods after the Initial Lease Period, unless either Party provides the other six (6) months written notice of the lease termination.

  • The initial lease period shall be two, (2) years from the date the lease for the Leased Parking Area is executed (the "Initial Lease Period").

  • Following the expiration of the Innovation Center Initial Lease Period, the Proponent will continue to operate the Innovation Center for an additional period of at least ten (10) years beyond the Innovation Initial Lease Period (the “Additional Innovation Center Lease Period”).

  • Franchisee shall retain at the Boardwalk Fries Burgers Shakes Location for a period of at least twenty-four (24) months, all sales records, books of account, business and payroll records, books of account, business and payroll records and other financial information relating to the franchised business, or relating to any corporation or partnership owning the Franchise.

  • The lease period of the Leased License shall be automatically renewed (even repeatedly) for successive period corresponding to Initial Lease Period thereafter (hereinafter the “Renewal Lease Period”) until and unless written notice of non-renewal is provided to the Provider at least thirty (30) days prior to the expiration of the then-current Initial Lease Period or Renewal Lease Period (Initial Lease Period or Renewal Lease Period shall be hereinafter referred to as “Lease Period”).

  • The Lease shall be for a term of five (5) years commencing the 18th day of February, 1997, and ending on the 17th day of February, 2002, hereafter called the "Initial Lease Period".

  • The Lessor covenants that subject to the Lessee paying the Rent and performing its obligations under the Lease, the Lessee shall be entitled to quiet, peaceful and comfortable occupation of the Premises during the Initial Lease Period or any renewal thereof without any interruption by or from the Lessor or any person claiming under, through or in trust for the Lessor.

  • Any leases existing as of the effective date of this amendment shall be allowed to remain for the duration of the existing lease period (Initial Lease Period).


More Definitions of Initial Lease Period

Initial Lease Period has the meaning given to that expression in Clause 3.1.
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Initial Lease Period shall be the period starting on the Delivery Date and ending with the 20th anniversary of the Delivery Date.
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Initial Lease Period means the ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . "Intellectual Property" means intellectual property of the manufacturer with respect to the IT ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . “Lease Period” means the Initial ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . "Lease Rentals" means the amounts by way of rental for the use ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . “Office Equipment” means subject matter ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
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Initial Lease Period means a period of five years from the Delivery Date for the Aircraft to but excluding the fifth anniversary of such Delivery Date.
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Initial Lease Period means the period commencing on the Delivery Date for the Aircraft and ending on December 21, 1986."
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Initial Lease Period as defined in Section 6(a).
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Related to Initial Lease Period

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • 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.

  • Rental Period means the calendar period during which Government property is made available for nongovernmental purposes.

  • Release Period means the period specified in paragraph 3(d) of the letter of consent.

  • Commencement Date means the date fourteen (14) days after the date the Contract comes into effect or any other date named in the Contract Data.

  • Lease Commencement Date has the meaning specified in Section 3.2 of the Master Lease.

  • Rent Commencement Date means [Insert date or description] or any later date calculated in accordance with paragraph 3.3 of Part 5 of the Schedule;

  • Extended Use Period means the period beginning on the 1st day in the compliance period on which such building is part of a qualified low-income housing project, and ending on the later of the date specified by such agency in such agreement, or the date which is 15 years after the close of the compliance period.

  • Collateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • Loan Commencement Date means, with respect to each Loan, the first Business Day of the calendar month following the Funding Date of such Loan.

  • Lease Termination Date means the last day of the Lease Term.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • commencement day means the day on which the State Administrative Tribunal (Conferral of Jurisdiction) Amendment and Repeal Act 2004 Part 2 Division 29 comes into operation;

  • Base Period means (i) the test period ending December 31, 2010 (or, if the Commission has elected to stagger its biennial reviews of utilities as provided in subdivision 1, the test period ending December 31, 2010, for a Phase I Utility, or December 31, 2011, for a Phase II Utility), or (ii) the most recent test period with respect to which credits have been applied to customers' bills under the provisions of this subdivision, whichever is later.

  • Commencement Date of the Contract means the date of signing of the Contract between the Purchaser and the Contractor.

  • Initial Contract Period means the period from the Commencement Date to the date of expiry set out in clause A2 (Initial Contract Period), or such earlier date of termination or partial termination of the agreement in accordance with the Law or the provisions of the Contract.

  • the commencement date means the date on which the Contract shall take effect, as notified by the Authority to the Contractor in a letter awarding the Contract.

  • Quarterly Commencement Date means the 1st day of each of April, July, October and January in each year.

  • Commencement Date or Handover Date means the date on which the Licensed Space of first lot of stations as per Annexure 1 is handed over by DMRC to the Selected Bidder, in accordance with the terms of this agreement.

  • Use Period means the period commencing on the date that the ABL Agent or an agent acting on its behalf (or an ABL Credit Party acting with the consent of the ABL Agent) commences the liquidation and sale of the ABL Priority Collateral in a manner as provided in Section 3.6 hereof (having theretofore furnished the Controlling Term Agent with an Enforcement Notice) and ending 180 days thereafter. If any stay or other order that prohibits any of the ABL Agent, the other ABL Secured Parties or any ABL Credit Party (with the consent of the ABL Agent) from commencing and continuing to Exercise Any Secured Creditor Remedies or from liquidating and selling the ABL Priority Collateral has been entered by a court of competent jurisdiction, such 180-day period shall be tolled during the pendency of any such stay or other order and the Use Period shall be so extended.

  • Offering Commencement Date means the first day of each Offering Period.

  • Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.