Non-Leased definition

Non-Leased. Carriage shall mean any of the Railway Carriages which is the object of the Transfer but is not the object of the Lease hereunder in the respective time. The term Non-Leased Carriages shall mean all or any part of the Railway Carriages which are the object of the Transfer but are not the object of the Lease hereunder in the respective time;
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Examples of Non-Leased in a sentence

  • After the Diligence Agent completes its evaluation, the Agent may propose modifications to the Proposed Scheduled Renovation Work for such Non-Leased Properties and upon revision of the Proposed Scheduled Renovation Work in a manner agreed to by the Borrower Representative and the Agent, such revised schedule shall constitute the “Scheduled Renovation Work” for such Non-Leased Property.

  • It will exercise commercially reasonable efforts to complete and pay for all repairs and make all capital expenditures necessary to repair and renovate any Non-Leased Property owned in accordance with the budget and timeframe submitted to the Agent in connection with the Advance made in respect of such Non-Leased Property and that is necessary to render such Property a Leased Properties.

  • If any such sample shows that more than 5% of such sampled Properties are not then in compliance with the Renovation Standards, the Agent or the Lenders may cause the Diligence Agent to subsequently inspect all or a larger sample of the Non-Leased Properties for which the Scheduled Renovation Work has been completed in the prior month to confirm compliance for such Properties with the Renovation Standards.

  • The Agent shall cause the Diligence Agent to inspect each month at least 10% of all Non-Leased Properties for which the Scheduled Renovation Work has been completed in the prior month for purposes of verifying compliance with the Renovation Standards, such sample to be selected by the Diligence Agent.

  • Lessor shall provide Lessee with the economic benefits and risks associated with leasing the Non-Leased Asset, (b) Lessor shall continue to use commercially reasonable efforts to obtain the Consent(s) related to such Non-Leased Asset, and (c) upon Lessee’s request, Lessor shall enforce, at Lessee’s sole cost and expense, any and all rights of Lessor against third parties with respect to such Non-Leased Asset.

  • If the particular Non-Leased Carriage to be handed over corresponds at least with the characteristics of the Carriage Unit the Buyer shall be obliged to take over such Non- Leased Carriage and sign the respective Partial Handover Protocol.

  • If the Property is a Leased Property (other than a Carry-Over Property) at the time of the related Borrowing Notice or if the Property is a Non-Leased Property that becomes a Leased Property, the Property satisfies the Renovation Standards.

  • The Osage may proceed to drill, or cause to be drilled, to and through any Non-Leased Zones, and may produce oil and gas from any and all Non-Leased Zones so long as it does not interfere with or attempt to produce from a Leased Zone on the Licensed Acreage.

  • The Final Handover Protocol shall contain in particular (i) the total number of the Leased Carriages taken over by the Buyer from the Seller, as it results from the Handover Protocols of the Leased Carriages and (ii) the total number of the Non-Leased Carriages taken over by the Buyer from the Seller in the Partial Handover Procedures.

  • Lessee shall indemnify and hold harmless Lessor from and against any damage, loss or liability that Lessor may suffer resulting from, arising out of, relating to, or caused by, Lessee’s performance, breach or default under, operation of, or conditions existing, arising or occurring with respect to, any Non-Leased Asset.

Related to Non-Leased

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • New Lease Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Base Lease means the Base Lease Agreement by and between the City and the Corporation to be dated as of the date of its delivery, as the same may be amended or supplemented from time to time.

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.