Maintenance Lease definition

Maintenance Lease means a Lease that identifies the Equipment as maintenance lease equipment.
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Examples of Maintenance Lease in a sentence

  • Each Lease will be identified as either a Standard Maintenance Lease or a Net Maintenance Lease.

  • Any Lease not expressly identified as a Standard Maintenance Lease or a Net Maintenance Lease will be deemed a Standard Maintenance Lease (subject to Section 7(c) below).

  • If Customer returns Net Maintenance Lease Equipment with a remaining brake pad depth of less than 100% of the Initial Pad Depth, Customer agrees to pay ▇▇▇▇▇▇▇▇ the Brake Wear Charge per drum for every 1/8th inch that the brake pad depth has decreased from the Initial Pad Depth.

  • Under a Net Maintenance Lease, Customer shall, at Customer’s sole expense, maintain the Equipment in good operating order and in the same condition and appearance as noted on the Outbound Inspection (including, without limitation, preventive maintenance, emergency service and damage repairs and replacements), Normal Wear excepted.

  • If Customer returns any Equipment subject to a Standard Maintenance Lease with Excess Tire Wear on any tire, Customer shall pay the Tire Wear Charge for every 1/32nd inch of Excess Tire Wear for each such tire.

  • Except as otherwise provided in the Lease or any Schedule thereto, ▇▇▇▇▇▇▇▇ shall be solely responsible for all preventive maintenance servicing and repairs to any refrigeration unit attached to any Equipment, regardless of whether the Lease is identified as a Standard Maintenance Lease or a Net Maintenance Lease.

  • All information provided on this form shall be treated as proprietary and shall not be provided to a third party, other than upon the request of the U.S. Government, without prior authorization from MTU Maintenance Lease Services B.V. (“MTU”).

  • Should the FPN Lease expire or be terminated prior to any permitted assignment of the Mining Lease, EMMR and KEM shall enter into the Warehouse and Maintenance Lease upon such termination or expiration of the FPN Lease.

  • Managed Maintenance Lease Agreement made as of August 21, 2013 between ▇▇▇▇▇▇▇ Turck Leasing LLC dba PacLease of Baltimore and U.S. Xpress Leasing, Inc.

  • On the first day of each of the fifth (5th), tenth (10th) and fifteenth (15th) anniversaries of the First Pier Maintenance Lease Year (each date being a "Contribution Date"), Tenant shall make an additional contribution to the Pier Maintenance Fund in accordance with Section 7.22(a)(ii) below, (each such contribution being an "Additional Contribution").

Related to Maintenance Lease

  • Maintenance area means any geographic region of the United States previously designated nonattainment pursuant to the CAA Amendments of 1990 and subsequently redesignated to attainment subject to the requirement to develop a maintenance plan under §175A of the CAA, as amended.

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • Maintenance work means the repair of existing facilities when the size, type or extent of such facilities is not thereby changed or increased. While “maintenance” includes painting and decorating and is covered under the law, it does not include work such as routine landscape maintenance or janitorial services.

  • Scheduled Maintenance means any adjustment, repair, removal, disassembly, cleaning, or replacement of components or systems required by the manufacturer which is performed on a periodic basis to prevent part failure or equipment or engine malfunction, or anticipated as necessary to correct an overt indication of malfunction or failure for which periodic maintenance is not appropriate.

  • Finance Lease means a lease with respect to which: