Split Lease definition

Split Lease means any lease to which an Owner Container is subject that also relates to containers that are not Owner Containers.
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Split Lease has the meaning given to it in Clause 14.5;
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Split Lease. Any lease to which a Sold Container is subject that also relates to Containers that are not Sold Containers.
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Examples of Split Lease in a sentence

  • Unless the context clearly indicates otherwise, all references to the “Lease" in the Split Lease and in this First Amendment shall hereinafter be deemed to refer to the Split Lease, as amended hereby.

  • At such time as the Avon Lake Lot Split is completed, the Seller will deliver to Purchaser a Deed for the Avon Lake PP&S Property in the form that would have been delivered at Closing and subject only to the Permitted Liens that would have been in effect at Closing (other than the cross easements contemplated below) and the Lot Split Lease will terminate.

  • Notwithstanding anything contained in this Section 13.4 to the contrary, neither the Manager nor any Submanager shall have any obligation to make available to any such Replacement Manager the original chattel paper copy of any Lease that is a Split Lease.

  • The Parties shall execute such documents as reasonably requested by either Party to confirm the termination of the Lot Split Lease and remove the memorandum of lease for the Lot Split Lease of record.


More Definitions of Split Lease

Split Lease. Means a lease agreement, (i) a portion of which relates to Equipment which has been transferred to the Trust and (ii) a portion of which relates to Equipment which has not been transferred to the Trust; provided, however, that a master lease (as referred to in the definitions of Original Contract, Additional Contract and Replacement Contract ) which consists of multiple contract or equipment schedules shall not constitute a “Split Lease” to the extent that each associated schedule relates to equipment which has been transferred to the Trust in its entirety or has not been transferred to the Trust at all; provided, further, however, that a lease agreement, a portion of which related to Equipment which has been transferred to the Trust and allocated to a SUBI Certificate subject to the lien of the Indenture and a portion of which relates to Equipment which has been transferred to the Trust but has not been allocated to a SUBI Certificate subject to the lien of the Indenture shall not constitute a “Split Lease”.
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Split Lease. Means a lease agreement, (i) a portion of which relates to Equipment which is included in the Collateral and (ii) a portion of which relates to equipment which is not included in the Collateral; provided, however, that a master lease (as referred to in the definitions of Original Contract, Additional Contract and Replacement Contract) which consists of multiple contract or equipment schedules shall not constitute a “Split Lease” to the extent that each associated schedule relates to equipment which is entirely included in the Collateral or is entirely excluded from the Collateral.
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Related to Split Lease

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • 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).

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • Company Lease means any lease, sublease, sub-sublease, license and other agreement under which the Company or any of its Subsidiaries leases, subleases, licenses, uses or occupies (in each case whether as landlord, tenant, sublandlord, subtenant or by other occupancy arrangement), or has the right to use or occupy, now or in the future, any real property.

  • Net Lease means a lease in which the tenant undertakes to pay all or substantially all the cash expenses, excluding debt service, related to the leased property.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Reinsurance Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers, as reinsurers, assume liabilities under insurance policies or agreements issued by another insurance or reinsurance company or companies.

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

  • Planning Agreement means an agreement, undertaking or obligation pursuant to the provisions of section 106 Town and Country Planning Act 1990 or section 111 of the Local Government Act 1972, section 33 of the Local Government (Miscellaneous Provisions) Act 1982 or an infrastructure agreement pursuant to section 38 or section 278 of the Highways Act 1980 or the section 104 of the Water Industry Act 1991;

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • CMPPA Agreement means the CMPPA Agreement between the SSA and CHHS.

  • Data Sharing Agreement A formal agreement that documents what data is being shared and how the data can be used between the Parties. ‘‘Data Sharing Code of Practice” the code of practice issued by the Information Commissioner in respect to the sharing of personal data.

  • PILOT Agreement means the Agreement for Payments in Lieu of Ad Valorem Taxes entered into by and among the Board, the Company, the City and the County.

  • Reinsurance Agreements means any agreement, contract, treaty, certificate or other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

  • Privatization contract or “contract” means an agreement or

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • Lease means a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. Unless the context clearly indicates otherwise, the term includes a sublease.

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • Consortium Agreement means this consortium agreement as well as the pre-amble and all annexes hereto;

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.