Leased Unit definition

Leased Unit means an individual dwelling unit that is occupied by a tenant under the terms of a rental agreement between a tenant and the Referral. A Referral Fee shall only be paid if the Referral and the SPS enter into a binding property management agreement within six (6) months of SPS receiving the Referral information from Referring Agent. All Referral Fees shall be payable from the Recipient Broker’s trust account to the Referring Broker’s Trust account and shall be subject to the terms of any and all agency agreements between both the Recipient Broker and SPS and the Referring Broker and Referring Agent.

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Leased Unit means New Leased Units and Used Leased Units. (156) (140) “Lenders” mean all of the banks and other financial institutions named on the signature pages of this Agreement, and their permitted successors and assigns, and “Lender” means any one of them, and for greater certainty, includes BNS in its capacity as L/C Issuer. (157) (141) “Letter of Credit” and “L/C” each means a letter of credit issued by the L/C Issuer at the request and for the account of the applicable Borrower and includes a Letter of Guarantee. (158) (142) “Letter of Guarantee” means a letter of guarantee issued by the L/C Issuer at the request and for the account of the applicable Borrower for the purpose of providing security to a Person that such Borrower will perform a contractual obligation owed by such Borrower to that Person. - 27 - CREDIT AGREEMENT (159) (143) “Leverage Ratio” means with respect to Master Borrower and with respect to any Rolling Period, the ratio of Lease Adjusted Funded Debt to EBITDAR. (160) (144) “Lien” means any mortgage, charge, lien, hypothec or encumbrance, whether fixed or floating on, or any security interest in, any property, whether real, personal or mixed, tangible or intangible, any pledge or hypothecation of any property, any conditional sale agreement, other title retention agreement, Capital Lease or other arrangement of any kind intended to create or grant security. (161) (145) “Light Duty Truck” means a light-duty truck having a maximum gross vehicle weight of 10,000 lbs. (162) (146) “Loan” means any Borrowingloans made available by a Lender to a Borrower under this Agreement by way of Prime Loan or CDOR Loan. (163) (147) “Loan Documents” means this Agreement, the Security Documents, any guarantee provided by any Obligor with respect to the Obligations of the Borrowers, and all certificates, instruments, agreements and other documents delivered, or to be delivered, to the Administrative Agent, the L/C Issuer and the Lenders under this Agreement or any other Loan Document and, when used in relation to any Person, the term “Loan Documents” means the Loan Documents executed and delivered by the Person. (164) (148) “Manufacturer Flooring Facilities” means any floor plan financing agreement (other than this Agreement) entered into by any Borrower in the ordinary course of business solely for the purposes of financing all or a portion of the purchase of vehicle inventory. (165) (149) “Material Adverse Change” means, where used in relation to the affairs ...

Leased Unit means New Leased Units and Used Leased Units. (140) “Lenders” mean all of the banks and other financial institutions named on the signature pages of this Agreement, and their permitted successors and assigns, and “Lender” means any one of them, and for greater certainty, includes BNS in its capacity as L/C Issuer. (141) “Letter of Credit” and “L/C” each means a letter of credit issued by the L/C Issuer at the request and for the account of the applicable Borrower and includes a Letter of Guarantee. (142) “Letter of Guarantee” means a letter of guarantee issued by the L/C Issuer at the request and for the account of the applicable Borrower for the purpose of providing security to a Person that such Borrower will perform a contractual obligation owed by such Borrower to that Person. (143) “Leverage Ratio” means with respect to Master Borrower and with respect to any Rolling Period, the ratio of Lease Adjusted Funded Debt to EBITDAR. (144) “Lien” means any mortgage, charge, lien, hypothec or encumbrance, whether fixed or floating on, or any security interest in, any property, whether real, personal or mixed, tangible or intangible, any pledge or hypothecation of any property, any conditional sale agreement, other title retention agreement, Capital Lease or other arrangement of any kind intended to create or grant security. (145) “Light Duty Truck” means a light-duty truck having a maximum gross vehicle weight of 10,000 lbs.

Examples of Leased Unit in a sentence

If a casualty partially destroys the Leased Unit but they can be restored to a tenantable condition, the Landlord shall repair the Leased Unit with reasonable dispatch; however, the Landlord's obligation to repair the Leased Unit shall be limited to the amount of insurance proceeds actually received by the Landlord and Landlord’s ability to access the Leased Unit.
Any Default of the Lease by Tenant shall entitle Landlord to pursue all rights and remedies available under the Lease, or applicable law including, but not limited to, terminating the Tenant’s right to possession of the Leased Unit for material non-compliance.
When this Lease terminates, the Tenant shall surrender possession of the Leased Unit to the Landlord in the condition they were in when they were delivered to the Tenant, except for normal wear and tear.
The Tenant shall be liable for any damage to the Leased Unit or to the Landlord's other property that is caused by the acts or omissions of the Tenant or the Tenant's guests.
If such utilities or services are not individually metered but apportioned by a method approved by the local municipality or state law, then Tenant shall pay for such utility or service Tenant shall be responsible for these utilities until the end of the Lease term or the date keys and possession of the Leased Unit is returned to Landlord, whichever is later.
Given the smoke detectors are within the Tenant’s Leased Unit, it shall be the responsibility of the tenant to test the operation and functionality of the smoke detector at intervals required by 1) local authorities and 2) in accordance with the manufacturer’s recommendations.
Any action that prevents treatment of the Leased Unit or potentially exasperates or increases the bedbug issues.
Neither the Tenant nor their guest shall permit any animals or other creatures into the Leased Unit without the written consent of the Landlord.
The Tenant shall also return all keys for the Leased Unit to the Landlord.
The Tenant shall use the Leased Unit solely as a single‑family residence.

More Definitions of Leased Unit

Leased Unit means New Leased Units and Used Leased Units. (164) (156) “Lenders” mean all of the banks and other financial institutions named on the signature pages of this Agreement, and their permitted successors and assigns, and “Lender” means any one of them, and for greater certainty, includes BNS in its capacity as L/C Issuer. (165) (157) “Letter of Credit” and “L/C” each means a letter of credit issued by the L/C Issuer at the request and for the account of the applicable Borrower and includes a Letter of Guarantee.

Leased Unit has the meaning set out in Section 5.2.1.

Leased Unit shall refer to units 03B&05 located at China Central Place No. 3 Building, 25 Floor, No. 77 Jianguo Road, Chaoyang ▇ <▇▇▇▇> ▇▇▇▇▇▇▇t, Beijing. The floor plan of the Leased Unit is annexed hereto as Attachment 1.