MOLA definition

MOLA means this Master Operating Lease Agreement (Appendix E). Any reference to “MOLA” includes the Contract, the Opinion of Counsel, and any riders, amendments and addenda thereto, and any other documents as may from time to time be made a part hereof upon mutual agreement in a writing signed by authorized representatives of both parties.

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MOLA means this Master Operating Lease Agreement. Any reference to “MOLA” includes the Opinion of Counsel, and any riders, amendments and addenda thereto, and any other documents as may from time to time be made a part hereof upon mutual agreement in a writing signed by authorized representatives of both parties.

MOLA means Ministry of Legal Affairs of the Recipient, or any successor thereto acceptable to the Association

Examples of MOLA in a sentence

• In the event of any termination or expiration of the Contract or termination of this MOLA, any provisions of the Contract and this MOLA as may be necessary to preserve the rights of Lessor or Lessee hereunder shall survive said termination or expiration.

• Neither DIR nor non-defaulting Lessees shall be deemed in default under the MOLA or Schedules because of the default of a particular Lessee.

• Under no circumstances shall this MOLA or any Schedules entered into under it be construed as a "finance lease" as defined in Tex.

• The Unisys purchase order number and part numbers, and any other information required by the customer, must be plainly marked on all invoices, inner-packages, outer packing, bills of lading, and shipping orders.

• All obligations of Lessee to make Rent Payments due with respect to those Assets after the end of the Fiscal Period for which such termination applies will cease, all interests of Lessee in those Assets will terminate, Lessee shall surrender those Assets in accordance with Section 15 (“Option to Extend; Surrender of Assets”) of this MOLA, and the applicable Schedule shall be deemed amended.

• Upon cancellation, Lessee shall have no obligations under this MOLA with respect to the portion of this Lease so cancelled.

• In addition, each Schedule is subject to the terms and conditions of this MOLA as if a separate MOLA were executed for such Schedule by the parties.

• The term of this MOLA shall continue until the last to occur of the following: (i) the Schedule Term of each Schedule entered into by the parties has expired or been terminated, or (ii) the Contract has expired or been terminated.

• Except as provided in Section 24 (“Remedies”) hereof, Lessee acknowledges that none of the following shall relieve Lessee from the obligations under this MOLA during the Schedule Term unless due to Lessor’s acts or omissions: (i) Lessee’s dissatisfaction with any unit of the Assets, (ii) the failure of an Asset to remain in useful condition for the Schedule Term, or (iii) the loss or right of possession of the Assets (or any part thereof) by Lessee.

• Lessor has acquired or will acquire the Assets in connection with this MOLA and hereby agrees to assign to Lessee any warranties provided to Lessor with respect to the Assets during the Term of the applicable Schedule, to the extent the warranties are assignable.

More Definitions of MOLA

MOLA means Museum of London Archaeology.

MOLA means the lease between Angel Trains Limited and MPTS relating to rolling stock constituted by: (a) the rolling stock master operating lease agreement between Angel Trains Limited and British Railways Board (acting by and through its operating division known as Merseyrail Electrics) dated 14 March 1995, as amended and restated by an agreement dated 16 October 1995; and 13 change of legal entity (b) the Lease Supplement between Angel Trains Limited and British Railways Board (acting by and through its operating division known as Merseyrail Electrics) dated 14 March 1995 (as amended by Amendment Agreements dated 1 May 1995 and 16 October 1995, as further amended by a variation order dated 14 December 1998 and amendment letters dated 2 October 1998, 16 November 1998, 11 May 1999, 23 June 1999 and 10 April 2002); and (c) the MLEA; and (d) a novation and amendment agreement dated 30 August 2002 between Angel Trains Limited (1) Arriva Trains Merseyside Limited (2) and MPTS (3).

MOLA means the master lease agreement dated 14 February 2002 and made between CAPITAL (acting as principal and as agent) and the Lessee as such agreement has been amended and supplemented, from time to time;

MOLA means the Ministry of Lands and Agriculture of the Borrower;

MOLA means the master operating lease agreement dated 14 February 2002, numbered 0881050 and made between inter alios, the Owner and the Hirer (as amended and restated);

MOLA means the master lease agreement dated 14 February 2002 and numbered 0881050 and made between CAPITAL acting on behalf of itself and certain other companies and Vanguard;