Leased Plant definition

Leased Plant means the plant, equipment, machinery, furniture, fixtures and fittings, spares, tools and vehicles used by the Vendor in the Business which are the subject of the equipment leases, hire purchase or conditional sales agreements specified in Schedule 6;
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Leased Plant means, in respect of each Vendor, the plant and equipment leased by that Vendor under a Material Contract.
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Examples of Leased Plant in a sentence

  • Provided that the Lessee does not breach any provision of this Contract, the Lessee enjoys the priority to continue renting the Leased Plant after the expiration hereof; however, the rental of renewal shall be otherwise agreed by the Parties according to market price.

  • The Lessor shall deliver the Leased Plant to the Lessee before the start date of lease.

  • If the Parties fails to sign a new contract, this Contract shall be terminated upon expiration, and the Lessor has the right to lease the Leased Plant to a third person.

  • If during the lease term, the Lessee cannot use the Leased Plant for office purpose due to the failure of the Lessor to perform any provision of this Contract, the Lessor shall exempt the Lessee from the rental of corresponding period.

  • If the Lessee needs to release advertisement (such as neon light, light box and signboard, etc.) on the top, exterior, front wall of the Leased Plant, the Lessee shall obtain the prior written consent from the Lessor, and apply to the relevant governmental department for advertisement procedures, and the Lessee shall assume the responsibilities and obligations arising therefrom and ensure the safety and lawfulness of such advertisement board.

  • If the Lessee fails to return the Leased Plant as scheduled, it shall pay occupancy fee to the Lessor at 2 Yuan/m2 per day of delay.

  • Meanwhile, the Lessor has the right to take back the Leased Plant; at that time, any things left in the Leased Plant will be deemed as given up by the Lessee, and the Lessor has the right to dispose of such things in its sole discretion, and the expenses and losses arising therefrom shall be assumed by the Lessee.

  • Upon the expiration of the lease term or the early dissolution of this Contract, the movable equipment and facilities added by the Lessee may be removed and taken away by the Lessee, but may not damage the Leased Plant; otherwise, the Lessee shall compensate for the losses arising therefrom or restore the Leased House to its original state; the ornaments and decorations that have been attached to the Leased Plant shall be owned by the Lessor without compensation.

  • Upon the expiration of the lease term or the early dissolution of this Contract, the Lessor shall refund the aforesaid lease deposit to the Lessee without interest within ten days after the Lessee has paid up all rental and other expenses and return the Leased Plant to the Lessor in good condition.

  • If upon the expiration of the lease term or the early dissolution of this Contract, the Lessee fails to settle up any rental or other payables or fails to return the Leased Plant according to the specified time and standards, the Lessor enjoys the right of lien in respect of all things of the Lessee in the Leased Plant.

Related to Leased Plant

  • Leased Premises means the premises which are material to the Company or any Subsidiary and which the Company or any Subsidiary occupies or proposes to occupy as a tenant, sub-tenant or occupant;

  • mining areas means the areas delineated and coloured red on the Plan marked “A” initialled by or on behalf of the parties hereto for the purposes of identification;

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Leased space means the individual storage space at the self-service facility which is rented to an occupant pursuant to a rental agreement.

  • the Premises means the building or part of the building booked and referred to in the contract