Lease Maturity definition

Lease Maturity means the date on which the Bank’s entire undivided portion of beneficial ownership in the Property has been transferred to the Customer;
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Lease Maturity means, with respect to each Lease, the date on which the lease term of such Lease expires in the absence of any early termination by the lessor thereunder as a result of a Lease Event of Default.
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Examples of Lease Maturity in a sentence

  • The Ijarah shall expire on the Lease Maturity unless the Diminishing Musharakah Arrangement is earlier dissolved in accordance with this Agreement and/or upon mutual agreement between the Bank and the Customer to terminate this Agreement, in which case any Lease Rentals paid in advance (if applicable) shall be returned to the Customer.

  • If this Lease is terminated before the Lease Maturity Date, and you do not purchase the vehicle, the Maximum Kilometer Allowance will be prorated for the period for which this Lease was in effect which may result in an additional charge to you.

  • CHARGE If you do not exercise the Purchase Option on the Lease Maturity Date, you agree to pay us an excess kilometers charge of 8 cents per kilometer, plus applicable taxes, for each kilometer driven in excess of 120000 kilometers (the ‘‘Maximum Kilometer Allowance’’).

  • The term of this Lease (the "Basic Term") shall begin on the Effective Date and shall end on the Lease Maturity Date.

  • Due to the recent Securitization Take-Out, on the next date of deterimation, the aggregate Base Residual Value of all Warehouse SUBI Leases that are Eligible Leases scheduled to reach their Lease Maturity Date in any 6 consecutive months will be greater than [***].

  • If you wish to purchase the vehicle on the Lease Maturity Date, and you are not in default, you must pay us the Purchase Option Price plus applicable taxes, fees and costs related to the registration, transfer and certification of the vehicle.

  • It is herein agreed by both parties that should Tenant purchase the Premises from Landlord, the Lease Maturity Date shall be accelerated to the date of the closing of the purchase.

  • It is herein agreed by both parties that should Tenant purchase a home from landlord, the Lease Maturity Date shall be accelerated to the date of the closing of the purchase of said home.

  • Due to strong demand at the end of fourth quarter 2018 which resulted in a high number of leases in December 2018, on the next date of deterimation, the aggregate Base Residual Value of all Warehouse SUBI Leases that are Eligible Leases scheduled to reach their Lease Maturity Date in any one (1) month will be greater than [***].

  • The purchase price at Lease Maturity Date will be $ 10764.60 (1i) (the ‘‘Purchase Option Price’’) plus any applicable taxes and our then current transfer fee (‘‘Transfer Fee’’) plus applicable taxes.

Related to Lease Maturity

  • Applicable Maturity means: (a) in relation to Screen Rate Determination, the period of time designated in the Reference Rate, and (b) in relation to ISDA Determination, the Designated Maturity.

  • Early Maturity Date means the date notified to the Investor as such in the Early Maturity Notice;

  • Loan Maturity Date means the date on which the entire unpaid balance of the Loan, including principal and interest, is due and payable.

  • Final Maturity has the meaning specified in Section 3.08.

  • Scheduled Maturity Date means June 30, 2032.