Term of Lease definition

Term of Lease means the initial term or any renewal or extension of the written rental agreement currently in effect not including any wrongful holdover period.

Term of Lease means the initial term or any renewal or

Term of Lease. The lease shall commence on August 1, 2023 and shall end on July 31, 2024.

Examples of Term of Lease in a sentence

• Term of lease Subject to this Part, a lease (whether granted by way of renewal of a lease or otherwise) remains in force for a period of 5 years commencing on the day on which the lease was granted or, if a later day is specified in the lease as being the day on which the lease is to come into force, on that later day.

• Term of lease retroactively to January 1, 2009 and terminating at the end of the 2011 crop year.

• Term of lease" means the initial term or any renewal or extension of the written rental agreement currently in effect not including any wrongful holdover period.33-1311.

• Term of lease" means the initial term or any renewal or extension of the written rental agreement currently in effect not including any wrongful holdover period.

• The rates for significant classes of tangible capital assets are as follows: Vessel (includes vessel projects) 5% to 10% Shore facilities 2.5% to 5% Equipment 10% to 25% Leasehold improvements Term of lease agreement or the asset’s useful life When conditions indicate that a tangible capital asset no longer contributes to the Corporation’s ability to provide goods and services, the cost of the asset is written down to residual value, if any.

More Definitions of Term of Lease

Term of Lease. Within its meaning in Section 8 and in Appendix F of this Agreement and, unless otherwise stated expressly — both the First Term of Lease and the Additional Terms of Lease within their meaning in Appendix F.

Term of Lease. Term" shall mean the initial term of this Lease and all extensions and renewals thereof. The "Initial Term" of this Lease shall mean the period beginning on the Commencement Date and continuing for a period of ten (10) years from and after either (a) the Commencement Date or (b) if the Commencement Date is other than the first day of the calendar month, then beginning on the first day of the first calendar month following the Commencement Date (i.e. the "Anniversary Date"), (the incremental portion between the Commencement Date and the Anniversary Date to expand the first Lease Year hereunder).

Term of Lease. With respect to all Premises, the current term extends through December 31, 2015, with an option for the Company to extend the term for an additional 36 month period (through December 31, 2018).

Term of Lease means the period specified in Article 6.1 hereof starts on the lease commencement date and ends on the lease termination date.

Term of Lease. This Lease shall be in effect for a period of five (5) years beginning September 01, 2012 and shall end August 31, 2017.

Term of Lease. The lease shall commence on March 1, 2023 and shall end on February 29, 2028. Cost of the Lease: For the lease term commencing on March 1, 2023 through February 29, 2028 the annual cost of this lease will be $44,688.96. The total cost of this lease contract is $223,444.80.

Term of Lease days (the "interim term") followed by a basic term of 27 months and ending on _____________________ 5.