Base Lease definition

Base Lease means the Second Amended and Restated Base Lease Agreement by and between the City and the Corporation to be dated as of the date of its delivery, together with any amendments, modifications and restatements thereof or substitutions therefor, in each case the form of which shall be negotiated, determined and finalized by a City Representative.

Base Lease means the Base Lease dated as of July 15, 2018, between the City and the Trustee, as from time to time amended and supplemented in accordance with the provisions thereof and of Article XII of this Indenture.

Base Lease has the meaning given to it in the preamble to the Master Motor Vehicle Lease and Servicing Agreement (Group VII), dated as of October 28, 2010, by and among RCFC, DTG Operations, as Lessee and Servicer, and those Subsidiaries of DTAG from time to time becoming Lessees thereunder, and DTAG as Master Servicer and Guarantor.

Examples of Base Lease in a sentence

• With respect to the Acquired Vehicles, each Lessee and the Lessor each intend that the Base Lease, as supplemented by this Lease Annex, is an operating lease and that the relationship between the Lessor and the Lessees pursuant thereto and hereto shall always be only that of lessor and lessee, and each Lessee hereby declares, acknowledges and agrees that the Lessor has title to and is the owner of the Acquired Vehicles.

• With respect to the Financed Vehicles, each Lessee and the Lessor each intend that the Base Lease, as supplemented by this Lease Annex, constitute a financing arrangement and the Lessor hereby declares, acknowledges and agrees that the ownership of the Financed Vehicles rests solely with such Lessee subject to the security interest granted hereunder to the Lessor.

• The foregoing appraisal procedure shall in any event be completed no less than 125 days before the end of the Base Lease Term or the current Renewal Lease Term, as the case may be.

• Each Lessee shall, with respect to Acquired Vehicles leased by it under this Operating Lease, pay the equivalent of the Rent for the Minimum Term for Program Vehicles returned before the Minimum Term, regardless of actual usage, unless such a Program Vehicle is a Casualty, which will be handled in accordance with Section 7 of the Base Lease.

• The foregoing appraisal procedure shall in any event be completed no less than 190 days before the end of the Base Lease Term or the current Renewal Lease Term, as the case may be.

More Definitions of Base Lease

Base Lease means the first issued lease on a tract of land prior to any assignments of the lease or renewals.

Base Lease means the Base Lease dated as of [*Date*], 2021 between the City and the Developer, as may be amended from time to time.

Base Lease means the Base Lease Agreement by and between the City and the Corporation to be dated as of the date of its delivery, as the same may be amended or supplemented from time to time.

Base Lease means the Base Lease Agreement dated of even date herewith, between the City and the Corporation, as it may be amended and supplemented from time to time.

Base Lease means the Base Lease Agreement delivered concurrently with this Lease between the Company and the Issuer.

Base Lease means the Base Lease dated as of the date hereof between Lessor and Lessee, as from time to time supplemented or amended in accordance with Section 18 of the Base Lease.

Base Lease means the First Amended and Restated Base Lease, as from time to time amended and supplemented in accordance with the provisions thereof.