Lease Tenure definition

Lease Tenure means the lease tenure commencing from the date immediatley following the expiry of 180 (One Hundred and Eight) days from Effective Date and continuing for the Lease Period or till Expiry Date, whichever is earlier.

Examples of Lease Tenure in a sentence

  • Assumes constant dollars without escalation and using a $CDN:$US exchange rate of 0.82 MINERAL AND SURFACE TENURE New Gold holds the mineral rights to an area totaling 903 hectares, which surrounds the New Afton mineralization as a Mining Lease (Tenure # 546063).

  • TRUST NAME DOLLAR AMOUNT TO BE SWITCHED (AUD) NUMBER OF UNITS TO BESWITCHED FULL UNIT BALANCE (X)Impax Sustainable Leaders Fund - Class AImpax Sustainable Leaders Fund - Class B3.

  • The Lease Tenure will also ease the targeted students, who are usually living nearby, or outstation and international students, who are renting rooms or having their accommodation nearby the campus from having to re-identify new accommodation or sourcing for new transportation alternative to college.

  • The rental rates over a 12-year period are negotiated and agreed based on prevailing market lease / rental rate with a progressive increase of 10.0% in 3-year term over the entire Lease Tenure, which will commence upon the vacant possession being procured and the Additional Specifications being completed in mid-2022 only.

  • In view that the Leased Property will be constructed as a campus-built building, the Proposed Transaction and the subsequent execution of the Definitive Lease Agreement will also reduce the inconveniences to our lecturers and students as the Lease Tenure will reduce the frequency of relocation of campus and the needs of our management team to re-identify a purpose-built building, which is catered for education-campus purpose.

  • After receiving the Lease Rights to the Project Site, the Concessionaire shall ensure that the land remains free from all encroachments during the Lease Tenure/ Concession Period.

  • Motor Vehicles under Finance Lease: Tenure of Lease or five years whichever is shorter.Leasehold land is amortized over the lease period.

  • From our Group's perspective, we are expected to benefit from such rental rates throughout the Lease Tenure, as these rates are benchmarked against prevailing market lease/ rental rates, and are hedged against the fluctuation of future rental rates.

  • S.D. Brown, "Crown Pastoral Lease Tenure: A Catalyst or Constraint?," NZ Valuers' Journal 17 (1995).

  • The monthly rental rates throughout the Lease Tenure were arrived at, after taking into consideration the prevailing lease/ rental rates of several other buildings, which are located at the close proximity to the Leased Property, adding an increment rate of 10.0% in every 3 years over a tenure of 12 years.

Related to Lease Tenure

  • Lease Area means the area constituted by the blocks that are the subject of a lease;

  • Concession Area means particulars of the area as more particularly described in Form A of West Bengal Minor Minerals (Auction) Rules, 2016.

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

  • 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.

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

  • Subleased Premises means approximately -18;961 rentable square feet on the 141h floor of the Building, as more specifically depicted on Exhibit A attached hereto and made a part hereof. The Subleased Premises include all of the Leased Premises identified in the Prime 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.

  • New Building ’ means a new construction to house a complete motor vehicle as- sembly process, where that construction includes the pouring or construction of a new foundation and floor, the erection of a new frame and roof, and the instal- lation of new plumbing and electrical and other utilities;

  • School premises means either of the following:

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

  • Lessor as used herein shall mean the owner or owners at the time in question of the fee title to the Premises. In the event of a transfer of Lessor's title or interest in the Premises or in this Lease, Lessor shall deliver to the transferee or assignee (in cash or by credit) any unused Security Deposit held by Lessor at the time of such transfer or assignment. Except as provided in Paragraph 15.3, upon such transfer or assignment and delivery of the Security Deposit, as aforesaid, the prior Lessor shall be relieved of all liability with respect to the obligations and/or covenants under this Lease thereafter to be performed by the Lessor. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by the Lessor shall be binding only upon the Lessor as hereinabove defined.

  • industrial premises means any place or premises (not being a private dwelling house), including the precincts thereof, in which or in any part of which any industry, trade, business, occupation or manufacturing is being ordinarily carried on with or without the aid of power and includes a godown attached thereto;

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Leash means a leash, cord, chain, or other comparable material which must be of a gauge suitable for controlling said dog and shall not be longer than six feet.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Demised Premises or “Premises” (and whether or not capitalized) is used herein, it shall be understood to mean the “premises leased hereby”; and whenever the term “Entire Premises” is used herein (and whether or not capitalized), it shall be understood to mean all of the contiguous land and buildings owned by Landlord at this location, which include the premises leased hereby. The term “Non-leased Premises” shall mean the Entire Premises less the Leased Premises.

  • Insurance Rent the aggregate in each year of the gross cost of the premium before any discount or commission for the insurance of:

  • 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.

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

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Rentable Area of Premises on Page 1 of the Lease shall be deleted in their entirety and replaced with the following:

  • the Tenant means the party(ies) named on the tenancy agreement as the tenant of The Property.

  • 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).

  • Parking space leasing data means the following government data on an application for, or lease of, a parking space: residence address, home telephone number, beginning and ending work hours, place of employment, location of parking space, and work telephone number.

  • farm building means that part of a bona fide farming operation encompassing barns, silos and other ancillary development to an agricultural use, but excluding a residential use;

  • Lease Rentals means, with respect to any period, the sum of the minimum amount of rental and other obligations required to be paid during such period by the Company or any Subsidiary as lessee under all leases of real or personal property (other than Capital Leases), excluding any amounts required to be paid by the lessee (whether or not therein designated as rental or additional rental) (a) which are on account of maintenance and repairs, insurance, taxes, assessments, water rates and similar charges, or (b) which are based on profits, revenues or sales realized by the lessee from the leased property or otherwise based on the performance of the lessee.