On-Lease definition

On-Lease means the delivery of a Vehicle by us to you on or around the Start Date (as specified in the Lease Agreement and Proposal Form) and “On-Leasing” and “On-Leased” shall be interpreted accordingly;
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On-Lease means, with respect to any Railcar, any Railcar that is not Off-Lease.
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On-Lease. If LANDLORD sells or transfers all or any portion of the building, other improvements, and land of which the Premises are a part LANDLORD, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease. If any security deposit or prepaid Rent has been paid by TENANT, LANDLORD can transfer the security deposit or prepaid Rent to LANDLORD'S successor and on such transfer LANDLORD shall be discharged from any further liability in reference to the security deposit or prepaid Rent. 28. ATTORNEYS' FEES: If either party becomes a party to any litigation concerning this Lease, the Premises, or the building or other improvements in which the Premises are located, by reason of any act or omission of the other party or its authorized representatives, and not by any act or omission of the party that becomes a party to that litigation or any act or omission of its authorized representatives, the party that causes the other party to become involved in the litigation shall be liable to that party for reasonable attorneys' fees and court costs incurred by it in the litigation. If either party commences an action against the other party arising out of or in connection with this Lease, the prevailing party shall be entitled to have and recover from the losing party reasonable attorneys' fees and costs of suit. In addition, LANDLORD shall be entitled to attorneys' fees, costs and expenses incurred in the preparation and service of notices of default and consultations in connection therewith, whether or not legal action is subsequently commenced in connection with such default or resulting breach. 29. SURRENDER OF PREMISES: HOLDING OVER: A. SURRENDER OF PREMISES: On expiration of the Lease term, TENANT shall surrender to LANDLORD the Premises and all TENANT'S improvements and alterations in good condition except for ordinary wear and tear occurring after the last necessary maintenance made by TENANT and destruction to the Premises, except for alterations that TENANT has the right to remove or is obligated to remove under the provisions of this Lease. TENANT shall remove all its personal property within the above stated time. TENANT shall perform all restoration made necessary by the removal of any alterations or TENANT'S personal property within the time periods stated in this Paragraph. LANDLORD can elect to retain or dispose of in any manner any alterations or TENANT'S personal property that TENANT does not remove from the...
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Examples of On-Lease in a sentence

  • We may require that we change any Vehicle On-Lease to you at any time during the Lease Period for any reason.

  • After giving effect to the transfer of Engines on any Transfer Date, the On-Lease Percentage of all Eligible Engines (relating to Existing and Possible Loans) as of such Transfer Date shall not be less than the Applicable Percentage.

  • If this is a residential transaction, the following provision shall apply: TENANT ACKNOWLEDGMENT: Tenant acknowledges receipt of this document on <<Lease Creation Date>> BROKER ACKNOWLEDGMENT: On<<Lease Creation Date>> Broker provided<<Tenants (Financially Responsible)>>(Tenant) with a copy/downloadable PDF of this document via attached copy of Lease and retained a copy for Broker’s records.

  • Without limiting the generality of the foregoing, Buyer agrees to take title to the Assets Held for Sale or Lease and the On-Lease Equipment “AS IS” “WHERE IS” in their current conditions and state of repair, subject to reasonable use, wear and tear and natural deterioration between the date hereof and the Closing Date on which such asset is purchased by Buyer.


More Definitions of On-Lease

On-Lease means use of the surface estate of lands described in an
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On-Lease means use of the surface estate of lands described in an oil and gas lease for the purposes of exploration, production and/or development of the mineral estate underlying the same lands described in said oil and gas lease;
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On-Lease means a Railcar that is subject (i) either, to a Net Lease or a Full Service Lease, or (ii) to a Committed Lease.
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