Minimum Lease Duration definition

Minimum Lease Duration means five (5) calendar years from the Start on Site Date;
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Minimum Lease Duration means in relation to an L&R Project, the number of calendar years which the lease must achieve (to be calculated from the Start on Site Date) as identified in the Named Project Details; Minimum Period of Use means the number of calendar years identified in the Named Project Details during which any Move On Dwelling comprised in a Named Project must be used for the Agreed Purposes and be let to a person who falls within the Agreed Client Group; Minimum Period of Use Breach means either:
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Examples of Minimum Lease Duration in a sentence

  • Without prejudice to any other terms of this Agreement, the Lease Period in relation to any L&R Scheme must equal or exceed the Minimum Lease Duration.

Related to Minimum Lease Duration

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Minimum Lifetime Mortgage Rate The minimum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Minimum Mortgage Rate With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.