Individual Leasing Record definition

Individual Leasing Record has the meaning set forth in Section 1 of the Master Lease.
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Individual Leasing Record is a record with respect to Equipment setting forth a full description of the Equipment, its Acquisition Cost, the location and such other details as the parties may desire and the Individual Leasing Record shall be dated on the Effective Date. As among Agent, the Lessor Parties and Lessee the signature of Lessee on an Individual Leasing Record shall constitute acknowledgement by Lessee that the Equipment has been delivered in good condition and accepted for lease by Lessee. The Individual Leasing Record shall contain a short form of lease to be executed by Agent and Lessee.
Sample 1
Individual Leasing Record or "ILR" shall mean a document with respect to each Aircraft in the form attached hereto as Exhibit "B" (with such variations as shall be necessary to permit the particular ILR to be in recordable form and to reference the country of registry of any aircraft that is not registered in the United States of America) executed and delivered by Lessee to Lessor, and executed by Lessor and Owner Participant, setting forth a full description of such Aircraft, the Interim Term (if any), the Basic Term, the Delivery Date and the Expiration Date under the Lease of such Aircraft, and such other terms as the parties may desire, and with a schedule attached to such ILR setting forth the Rent (and Interim Rent, if any), and Stipulated Loss Values, in each case, for the applicable Lease. As between Lessor, Owner Participant and Lessee the signature of Lessee on an Individual Leasing Record shall constitute acknowledgment by Lessee that the Aircraft covered by such ILR has been delivered in good condition and accepted for lease by Lessee as of the applicable Delivery Date. Each Individual Leasing Record shall contain a short form of lease to be executed by each of the parties reading substantially as follows: "The undersigned Lessor hereby leases to the undersigned Lessee and Lessee acknowledges delivery to it in good condition of the equipment described herein. The covenants, terms and conditions of this lease are those appearing in the Master Leasing Agreement among the undersigned Lessor, Owner Participant and Lessee dated as of November __, 1995, which covenants, terms and conditions are hereby incorporated by reference."
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Examples of Individual Leasing Record in a sentence

  • Lease Term of the Equipment: sixty (60) full calendar month (plus any partial first month), commencing, as to each Item, on the date of the Individual Leasing Record therefore, and unless sooner terminated in accordance with the provisions of the Lease, ending on the date specified in such Individual Leasing Record.

  • The undersigned Lessee hereby agrees to pay the rent for all Items of Equipment covered by this Individual Leasing Record, in the amounts and at the times specified above and reaffirms its acknowledgments and agreements in Section 4 of the Lease.

  • Lessee shall pay the rent to Lessor in advance during the lease term on the dates specified in the Individual Leasing Record for each Item of the Equipment.

  • The lease of each component shall be effective from the date of delivery of such component and the component Individual Leasing Record for such component shall be dated as of such date.

  • A component Individual Leasing Record shall be executed for each component of Equipment leased hereunder, and each such component Individual Leasing Record shall be clearly designated as such on the form of such Individual Leasing Record.

  • When the rebuilt Equipment is delivered and accepted, a new Individual Leasing Record shall be substituted for the original Individual Leasing Record which shall be canceled.

  • Lessor and Lessee hereby declare that this Master Leasing Agreement is, and is intended to be, an agreement to lease, and that every Individual Leasing Record executed by the parties pursuant to this Master Leasing Agreement is a lease.

  • No Individual Leasing Record shall be effective unless and until executed by Lessor, Owner Participant and Lessee.

  • The lease hereunder of Equipment shall be effective from the first day of the calendar quarter after which the Equipment was delivered to and accepted by Lessee and the Individual Leasing Record shall be dated such date (the "EFFECTIVE DATE").

  • ADDITIONAL TERMS: By its execution and delivery of this Individual Leasing Record No. ___, Lessee and Lessor hereby repeat as of the date hereof all of the representations and warranties set forth in Section 12 of the Master Leasing Agreement.


More Definitions of Individual Leasing Record

Individual Leasing Record is a record with respect to Equipment dated the date of the delivery of the Equipment to Lessee and setting forth a full description of the Equipment, its Acquisition Cost, the location and such other details as the parties may agree. With respect to Used Equipment, the date of delivery of such Equipment shall be deemed to be September 1, 1997. As between Lessor and Lessee the signature of Lessee on an Individual Leasing Record shall constitute acknowledgement by Lessee that the Equipment has been delivered in good condition and accepted for lease by Lessee as of the date of the Individual Leasing Record. The Individual Leasing Record
Sample 1
Individual Leasing Record or "ILR" is a record with respect to ------------------------- --- Equipment dated the date of the delivery of the Equipment to Lessee, substantially in the form of Exhibit A hereto, setting forth a full description of the Equipment covered thereby (including, if available, model numbers, manufacturer's numbers and serial numbers), its Lessor's Cost, the location of such Units, the MACRS classification, and such other details as the parties may agree. Each Individual Leasing Record shall contain a short form of lease to be executed by each of the parties as set forth in Exhibit A. As between Lessor and Lessee the signature of Lessee on an Individual Leasing Record shall constitute acknowledgement by Lessee that the Equipment has been delivered in good condition and accepted for lease by Lessee as of the date of the Individual Leasing Record.
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Related to Individual Leasing Record

  • Recorded Leasehold Interest means a Leasehold Property with respect to which a Record Document has been recorded in all places necessary or desirable, in Administrative Agent's reasonable judgment, to give constructive notice of such Leasehold Property to third-party purchasers and encumbrancers of the affected real property.

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • Release Property shall have the meaning set forth in Section 2.6 hereof.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Master Leases refers to the four second amended and restated master lease agreements, dated as of April 27, 2007, by and among the Operating Partnership and Kindred Healthcare, Inc. and Kindred Healthcare Operating, Inc.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Material Leasehold Property means a Leasehold Property reasonably determined by Administrative Agent to be of material value as Collateral or of material importance to the operations of Company or any of its Subsidiaries.

  • Rent Roll shall have the meaning set forth in Section 3.18 hereof.

  • Leased Properties has the meaning set forth in Section 3.1(n)(ii).

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • New Leases means those leases, license agreements and occupancy agreements encumbering any Real Property which are entered into after the Effective Date in accordance with the terms of this Agreement, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Ground Lessee means the Owner Lessor as lessee of the Ground Interest under the Facility Site Lease.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • the Land means the land on which the development would be carried out or, in relation to development already carried out, has been carried out;

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.