Lessee definition
Examples of Lessee in a sentence
Lessor and Administrative Agent shall not be obligated to release any Project Costs for which any Escrowed Entergy Prepaid Rent is related unless Construction Agent has satisfied the requirements of Section 6.2 of the Participation Agreement and such Project Costs are due and payable (or will become payable within forty-five (45) days of such invoice) and Lessee has provided invoices and other documentation reasonably requested by Lessor regarding the application of such Escrowed Entergy Prepaid Rent.
Interim Lease Rent shall be due and payable by Lessee directly to Lessor on the related Advance Date and, to the extent not paid by Lessee on such Advance Date, shall accrue Yield at the Yield Rate until repaid.
Lessee shall forthwith pay the relevant Tax Indemnitee an amount that, after making all required deductions (including deductions applicable to additional sums payable under this Section), equals the amount that would have been paid if such withholding had not been required.
The termination of this Agreement pursuant to Section 5.1 shall in no event relieve Construction Agent of its liability and obligations hereunder which accrued prior to such termination or any obligation or covenant of Construction Agent (including Lessee) which pursuant to the terms of this Agreement or any other Operative Document survives the termination of this Agreement or such other Operative Documents, all of which shall survive any such termination.
If any such withholding is so required, the Lessee or any other applicable withholding agent shall make the withholding and pay the amount withheld to the appropriate taxing authority before penalties attach thereto or interest accrues thereon.