Leasehold Surrender Interest definition

Leasehold Surrender Interest shall have the meaning set forth in Exhibit A to this Contract.
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Leasehold Surrender Interest solely means a right to payment in accordance with this Contract for related capital improvements that the Concessioner makes or provides within the area on lands owned by the United States pursuant to the terms and conditions of this Contract. The existence of a leasehold surrender interest does not give the Concessioner, or any other person, any right to conduct business in a park area, to utilize the related capital improvements, or to prevent the Director or another person from utilizing the related capital improvements. The existence of a leasehold surrender interest does not include any interest in the land on which the related capital improvements are located.
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Examples of Leasehold Surrender Interest in a sentence

  • The balance sheet shall be accompanied by a schedule that identifies and provides details for all capital improvements in which the Concessioner claims a Leasehold Surrender Interest.

Related to Leasehold Surrender Interest

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

  • Water interest means any right to the beneficial use of water, including:

  • Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

  • Replacement Property means any property which is placed in service as a replacement for any item of Equipment or any Improvement previously subject to this Fee Agreement regardless of whether such property serves the same functions as the property it is replacing and regardless of whether more than one piece of property replaces any item of Equipment or any Improvement to the fullest extent that the FILOT Act permits.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • movable property means property of every description except immovable property;