Examples of Leased Property in a sentence
Leased Property: The real and personal property and other rights therein leased by the City to the Board pursuant to Article II of the Lease.Local Water Fund: The special trust fund by that name established by the Act in the custody of the Board into which all Revenues are required to be deposited promptly upon receipt thereof by the Board.Minimum Monthly Balance: For each Series of Bonds Outstanding, the monthly amount calculated in accordance with Section 4.3(a) of the Agreement.
The LESSEE shall pay (other than in respect of municipal services provided separately to its sub-lessees in terms of a specific agreement between the LESSEE and such sub-lessees) all municipal services and Eskom services rendered in respect of the Leased Property, including, but not restricted to, electricity, water, sewerage and refuse removal charges and for any works constructed or apparatus installed in connection with such services according to the LESSOR’S normal tariff or charges.
Lessee shall pay or reimburse Lessor for all costs incurred by Lessor (other than the purchase price) in connection with Lessor’s acquisition of the Leased Property under the PSA.
Some headings you may want to consider in your lease include: Leased Property Term Rent Deposit Utilities Occupancy Tenant Rights and Responsibilities Landlord Rights and Responsibilities Lease Termination Governing Law Your headings should be in bold font or underlined, so they stand out and can quickly be located in the document.
In no event shall Lessee be obligated to keep all or any part of any Leased Property operating during the Term.