Initial Lessee definition

Initial Lessee means, in respect of an Aircraft and the Lease therefor, the Person defined as the "Lessee" in the Borrowing Date Supplement referable to such Aircraft.
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Initial Lessee means the first lessee in the chain of title extending back to the most recent occasion when the property was not subject to a lease.
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Initial Lessee means each lessee party to an Initial Lease.
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Examples of Initial Lessee in a sentence

  • Lessor and Lessee will also negotiate in good faith to establish a refurbishment allowance for the Leased Premises, which shall be administered by Lessor on the same terms and conditions as the Improvement Allowance for the Initial Lessee Improvements.

  • As soon as practicable following the full execution of the Amendment, the Lessee shall provide a complete description of the Initial Lessee Improvements, including a description of finishes, to Lessor for Lessor’s approval.

  • The treatment approach that has been selected for the Premises is one of Rehabilitation as to the Initial Lessee Improvements.

  • GFC shall provide a copy of each Notice of Borrowing delivered pursuant to Section 2.2 of the Loan Agreement to the Security Trustee and the Initial Lessee and Initial Borrower specified therein.

  • Title to real property and improvements and Fixtures thereon, including Initial Lessee Improvements, Alterations, Building Maintenance and Preservation Maintenance to Premises but excluding Trade Fixtures shall be and remain solely in Lessor.

  • After receiving Lessor’s approval and after Lessor has delivered possession of the Expansion Premises to Lessee, Lessee shall proceed with the Initial Lessee Improvement Work expeditiously, continuously, and efficiently to completion.

  • All material proposed changes or modifications to the approved plan of Initial Lessee Improvements, Preservation Maintenance or Alterations (other than Minor Alterations) must be approved by Lessor, which approval shall not be unreasonably withheld or delayed.

  • Lessee shall have no obligation to repair or maintain the membrane of the roof except where damaged by Lessee during the construction of the Initial Lessee Improvements, or as otherwise caused by Lessee’s negligence or willful misconduct.

  • The Allowance shall be paid in progress payments on a monthly basis as the Initial Lessee Improvement Work and other Alterations progresses in an amount not to exceed ninety percent (90%) of the Allowance.

  • Prior to the Lessee taking occupation of the Premises, the Lessor, or its agent, and the Lessee shall conduct a joint inspection of the Initial Lessee: Initial Parent / Guardian: Initial Guarantor: Initial Landlord: Premises, and all furniture and equipment thereat, and note any defects therein.


More Definitions of Initial Lessee

Initial Lessee means the person that is the current lessee of the Aircraft, as specified in Schedule 1 (Aircraft).
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Initial Lessee s Representatives: ▇▇▇▇▇▇ ▇.
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Related to Initial Lessee

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • Property Manager means an entity that has been retained to perform and carry out at one or more of the Properties property-management services, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property, the costs for which are passed through to and ultimately paid by the tenant at such Property.

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • Ground Lessor means the lessor under the Ground Lease.

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.