Lease Right definition

Lease Right shall have the meaning ascribed to such term in Section 2.5.
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Lease Right shall have the meaning contained in Section 2.3.
Sample 1

Examples of Lease Right in a sentence

  • On and from the Completion Date, pay all Taxes, duties, cesses and charges levied under Applicable Laws and Policies and other charges payable in connection with the grant of Lease Right hereunder by the Authority and the use, maintenance and operation of the MRO.

  • Any special provisions that run counter to the provisions of this Section and that are disadvantageous to the Land Lease Right Holder shall be invalid.

  • The duration of the Land Lease Right shall be thirty years; provided, however, that if a period longer than this is prescribed by contract, that period shall apply.

  • In cases where the parties renew the land lease contract, that period shall be ten years from the day of renewal (twenty years in the case of the first renewal after the establishment of the Land Lease Right); provided, however, that if the parties prescribe a period longer than this, that period shall apply.

  • In cases where a third party has acquired the buildings and other items on the land that is the object of the lease right that the Land Lease Right Holder has attached to the land by title, and the Lessor does not consent to the transfer of the lease right or to a sublease, the third party may request that the Lessor purchase the buildings and other items that the Land Lease Right Holder has attached to the land by title at the prevailing market price.

  • Section 2 Effect of the Land Lease Right (Countervailing Power, etc.

  • Landlord and Tenant acknowledge and agree that the grant of the Radiation Lease Right and the covenants by Landlord contained in this Lease are a material inducement for Tenant to enter into this Lease, and each of Landlord and Tenant acknowledge and recognize that a violation of the terms hereof will cause irreparable damage to Tenant and that Tenant may have no adequate remedy at law for such violation.

  • Landlord and Tenant further agree to execute and record such instruments or addenda to this Lease as may be required under Connecticut law to evidence the grant of the Radiation Lease Right and the covenants by Landlord made in this Section 22.

  • Intangible Assets As of 31 December 2015, the company’s intangible assets and its net book value after accumulated amortization as presented in the company’s financial statement are as follows: Intangible assets Right of Use for Land in Map Ta Phut Industrial Estate and Long Term Lease Right of Use for Land in Map Ta Phut Industrial EstateOn 20 November 1992 the company entered into an agreement with IEAT for the use of land of approximately 43 rai which is used for the company’s marine terminal.

  • In cases where it is clear that the Land Lease Right has been established for the purpose of installing temporary facilities or for some other temporary use, the provisions of Article 3 through Article 8, Article 13, Article 17, Article 18, and Article 22 through the preceding Article shall not apply.

Related to Lease Right

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Renewal Option has the meaning set forth in §12.1.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Option means a stock option granted pursuant to the Plan.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Financial Transmission Right Option means a right to receive Transmission Congestion Credits as specified in Operating Agreement, Schedule 1, section 5.2.2(c), and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.2(c).

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Parking Space The County shall attempt to provide adequate free parking facilities for employees within a reasonable distance of their work locations.

  • Free-Standing Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is not granted in tandem with an Option Right.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Second Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Option to Purchase has the meaning set forth in Section 13.1.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.