SRPS definition
Examples of SRPS in a sentence
In such event, Lessor shall have no liability to Lessee for damage to or loss of the SRPS, in whole or in part, and Lessor’s sole liability to Lessee shall be payment for any power provided prior to the casualty at the established rates for which Lessor has not already paid.
Lessor covenants and agrees that, during the Term, Lessor shall not place, nor allow the placement by others of, any additional equipment or structures on the roof of the Facility which either interfere with the construction, installation, operation or maintenance of the SPRS or materially and adversely affect the exposure of the SRPS to sunlight without the prior written consent of Lessee, which consent shall not be unreasonably withheld.
If Lessor elects not to restore the Property, it shall give Lessee written notice of such election within one hundred eighty (180) days after the occurrence of such casualty and, upon its receipt of such notice, Lessee may, at its option, remove the remaining elements of the SRPS at its cost.
Lessee shall pay, on or before the due date thereof, all personal property taxes, business and license taxes and fees, service payments in lieu of such taxes or fees, annual and periodic license and use fees, excises, assessments, levies, fees and charges of any kind which are assessed, levied, charged, confirmed, or imposed by any governmental authority due to Lessee’s occupancy and use of the Leased Premises (or any portion or component thereof) or the ownership and use of the SRPS thereon.
Except as otherwise provided in the Comprehensive Agreement, Lessor acknowledges and agrees that (i) notwithstanding that the SRPS may be a fixture under applicable law, as between the Parties the SRPS shall be deemed to be personal property, (ii) Lessee is the exclusive owner and operator of the SRPS, and (iii) the SRPS may not be sold, leased, assigned, mortgaged, pledged or otherwise alienated or encumbered by Lessor with the fee interest or leasehold rights to the Property.
Lessee shall be under no obligation to consent to any placement of additional equipment or structures on the roof of the Facility which materially and adversely affect the exposure of the SRPS to sunlight.
Such signage shall be removed by Lessee upon the final removal of the SRPS from the Leased Premises in accordance with the terms of the Comprehensive Agreement.
Lessee shall use the Leased Premises solely for the construction, installation, operation and maintenance of the SRPS and for no other uses.
I agree to and understand the following: The State Retirement and Pension System of Maryland (SRPS) contributions will not be taken from my paycheck for a period of unpaid leave and it is my responsibility to submit a MSRA Form 46 to protect my retirement benefits while on a qualified leave.
The Superintendent shall not be entitled to cash out or convert any such sick leave, but upon retirement, may use such leave as creditable service with the Maryland State Retirement and Pension System (SRPS) as permitted by law.