Taking possession definition

Taking possession means executing a lease, acquiring title or otherwise committing
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Taking possession means obtaining possession of the collateral after we terminate under 8. taxes means taxes, levies, stamp and other duties, governmental fees and charges including any interest, penalties, fines or expenses in connection with them. term means for a lease agreement or hire purchase agreement, the period described as the term in its equipment schedule and for a loan agreement, the period from the date we lend you the loan amount to the final payment date described in the schedule. termination value in respect of any goods on a day the termination value is calculated, means:  where the asset finance agreement is a lease agreement or a hire purchase agreement, the sum of:  the present value on that day of the residual value for the goods (only in the case of a lease agreement); and  the present value on that day of the rent instalments which are still to fall due and which are attributable to the goods. The present value on a day is calculated by discounting that amount at an appropriate discount rate; and  where the asset finance agreement is a loan agreement, the portion of loan balance attributable to the goods. this agreement means this Master Asset Finance Agreement including the guarantee and indemnity.
Sample 1
Taking possession the LESSEE shall take possession of the leased premises as of the lease starting date.
Sample 1

Examples of Taking possession in a sentence

  • Taking possession of the Collateral shall not cure or waive any Event of Default or notice thereof or invalidate any act done pursuant to such notice.

  • Taking possession of all or any portion of the Leased Premises by the Tenant shall be conclusive evidence as against the Tenant that the Leased Premises or such portion thereof are in satisfactory condition on the date of taking possession.

  • Taking possession of all or any portion of the Leased Premises by the Tenant shall be conclusive evidence as against the Tenant that the Leased Premises or such portion thereof and the Common Elements are in satisfactory condition on the date of taking possession, subject only to latent defects and to deficiencies (if any) listed in writing in a notice delivered by the Tenant to the Landlord not more than 10 days after the date of taking possession.

  • Taking possession by Tenant shall be deemed conclusively to establish that said buildings and other improvements have been completed in accordance with the plans and specifications and that the premises are in good and satisfactory condition, as of when possession was so taken.

  • Taking possession by Lessee shall be conclusive evidence as against Lessee that the premises were in good order and satisfactory condition when Lessee took possession.

  • Taking possession of the Premises by Tenant shall be conclusive evidence as against Tenant that the Premises and the Project were in good and satisfactory condition when possession was taken.

  • Taking possession of the premises by Tenant shall conclusively establish that the premises and building were in good, sanitary order, condition and repair at such time.

  • Taking possession of all or any portion of the Premises by Tenant shall be conclusive evidence as against Tenant that the Premises or such portion thereof are in satisfactory condition on the date of taking possession.

  • Taking possession of the Leased Premises by LESSEE shall be conclusive evidence as against LESSEE that the Leased Premises were in good and satisfactory condition when possession was so taken.

  • Taking possession of the Premises by Tenant shall be conclusive evidence that the Premises were in good and satisfactory condition when possession was so taken subject to latent defects and Landlord's maintenance and repair obligations provided in this Lease.

Related to Taking possession

  • Debtors in Possession means the Debtors in their capacity as debtors in possession in the Chapter 11 Cases pursuant to sections 1101, 1107(a), and 1108 of the Bankruptcy Code.

  • Possession means having a weapon on the student’s body or in an area under the student’s control. “Weapon” means any:

  • Debtor in Possession means any Debtor, in its capacity as a debtor in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code.

  • Taking Over means the Employer’s written acceptance of the Facilities under the Contract, after successful Trial – Operation for the specified period in accordance with the Contract, as provided in GCC Sub-Clause 20.1.5.

  • Date of Possession means the date on which the Allottee is handed over possession of the said Apartment;

  • EARLY POSSESSION N/A ("Early Possession Date"). (Also see Paragraphs 3.2 and 3.3.)

  • Possession Date means the date of execution of this Agreement;

  • Authorized occupant means a person entitled to occupy a dwelling unit with the consent of the

  • Taking means a taking or damaging, including severance damage, by eminent domain, inverse condemnation or for any public or quasi-public use under applicable Laws. A Taking may occur pursuant to the recording of a final order of condemnation, or by voluntary sale or conveyance in lieu of condemnation or in settlement of a condemnation action.

  • Possession limit as used in s. NR 19.275, means the maximum number of a turtle species or group of turtle species which may be possessed by a person at any time.

  • Transient occupancy means occupancy in transient lodging that has all of the following

  • Premises means the location where the Services are to be supplied, as set out in the Specification.

  • Premises Building Total Destruction means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is fifty percent (50%) or more of the then Replacement Cost of the Building.

  • the Premises means the building or part of the building booked and referred to in the contract

  • Occupancy means the use or intended use of a building or part thereof for the shelter or support of persons, animals or property.

  • Owner-occupied means property that is the principal

  • Occupancy Agreement means a written agreement entered into between an assisted living program and a tenant that clearly describes the rights and responsibilities of the assisted living program and a tenant, and other information required by rule. “Occupancy agreement” may include a separate signed lease and signed service agreement.

  • Date of Entry means the date this Consent Decree is approved or signed by the United States District Court Judge.

  • Grave space means a space of ground in a cemetery that is used or intended to be used for an in-ground burial.

  • Permitted Occupier means if used in the Agreement, any person who is licensed or permitted by the Landlord to reside at the Property together with the Tenant and who does so as a rent free licensee of the Tenant.

  • Possessions means any goods over which the pupil has or appears to have control – this includes desks, lockers and bags.

  • bicycle parking space – occupant means an area that is equipped with a bicycle rack or locker for the purpose of parking and securing bicycles, and:

  • Premises Total Destruction means damage or destruction to the Premises, other than Lessee Owned Alterations and Utility Installations and Trade Fixtures, which cannot reasonably be repaired in six (6) months or less from the date of the damage or destruction. Lessor shall notify Lessee in writing within thirty (30) days from the date of the damage or destruction as to whether or not the damage is Partial or Total.

  • Residential construction means construction on single-family or two-family dwellings occupied or used, or intended to be occupied or used, primarily for residential purposes, and includes real property pursuant to chapter 499B.

  • Certificate of Substantial Completion means the certificate executed by the A/E, ODR and Contractor that documents to the best of A/E’s and ODR’s knowledge and understanding, Contractor’s sufficient completion of the work in accordance with the Contract, so as to be operational and fit for the use intended.

  • Single Room Occupancy or “SRO” means housing consisting of single room dwelling units that is the primary residence of its occupant or occupants. An SRO does not include facilities for students.