Definition of Term Lease


Term Lease means a tenure listed in Part 3 of Schedule 1 and in force immediately before the commencement of section 8 or a tenure created by a subdivision of such a tenure;
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Examples of Term Lease in a sentence

Law Department Approved BNSF - Indefinite Term Lease - Land Form 205; Rev.
Each Party shall fully cooperate with the other, and do all things reasonably necessary to timely submit, prosecute and defend the FCC Long Term Lease Application, and will promptly file or provide the other Party with all other information which is required to be provided to the FCC in furtherance of efforts to obtain or retain such grant.
The Parties shall disclose in the FCC Long Term Lease Application the automatic extension of Clearwire's use rights upon the renewal of the FCC License.
Commencing on 09/01/95, and on the same day of each month thereafter (each, a "Rent Payment Date") during the Basic Tenn, Lessee shall pay as rent ("Basic Term Rent") the product of the Basic Term Lease Rate Factor times the Lessor's Cost of all Equipment on this Schedule.
Term; Lease Commencement Date The term of the letting under this Agreement shall commence at 12:01 o'clock A.M. as of October 1, 2010 (the "Lease Commencement Date") and shall expire if not sooner- terminated, at 11:59 o'clock P.M on December 31, 2019 (the "Term").