Lessor / Supplier definition

Lessor / Supplier means the party giving the newly constructed four (04) LNG compatible ASD Tugs for lease inclusive of services thereunder and purchase.
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Examples of Lessor / Supplier in a sentence

  • The Lessor / Supplier may terminate the Lease at any time with 1 month’s notice for any reason at any time, given the initial 5 months have passed and according to other termination provisions in this Agreement.

  • If the Leasing item is taken from the Lessee’s possession for more than 7 business days due to defects and repair, the Lessor / Supplier is obliged to reduce the Leasing performance proportionally for the period the Lessee suffers depreciation.

  • In the event of the Lessor/ Supplier's justifiable termination of the Lease, the Lessor / Supplier may at least claim compensation for the payment of Leasing allowances due to be paid until the Lessee could terminate the Lease with ordinary notice in accordance with this Leasing Agreement.

  • If the Leasing item is taken from the Lessee’s possession for more than 7 business days due to defects and repair, the Lessor / Supplier is obliged to reduce the Leasing performance proportionally for the period the Lessee suffers depreciation.