Amended Lease Term Sample Clauses

Amended Lease Term. Subject to Section 2 and to the termination provisions of Section 10, and the rights of Lessee as set forth in this paragraph, this Amended Lease shall be for a term of fifteen (15) years (the “Lease Term”) commencing on the date a Certificate of Occupancy is obtained for the Facilities being constructed pursuant to Section Two, Construction of Facilities (hereinafter, the “Commencement Date”) and continuing for fifteen (15) years thereafter at which point this Amended Lease will terminate (hereinafter, the “Expiration Date”).
Sample 1
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Amended Lease Term. Subject to Section Two and to the termination provisions of Section Eleven below, and the rights of Lessee as set forth in subparagraphs (a), (b) and (c) hereof, this Amended Lease shall be for a term of twenty-seven and one-half (27 ½) years (the “Amended Lease Term”) from July 1, 1996 (hereinafter, the “Commencement Date”) and shall continue to and terminate at 11:59 p.m. local time on December 31, 2023 (hereinafter, the “Expiration Date”) unless Lessor, in its sole discretion, provides Lessee with written notice no later than June 30, 2023, that the lease term is extended to December 31, 2024. Notwithstanding the foregoing, Lessee and Lessor shall be bound by all terms, covenants and conditions of this Amended Lease from the date that this Amended Lease is first entered into, as written hereinabove.
Sample 1
Amended Lease Term. Subject to Section 2 and to the termination provisions of Section 10, and the rights of Lessee as set forth in this paragraph, this Amended Lease shall be for a term of ten (10)fifteen (15) years (the “Lease Term”) commencing on thirty days after the date that all approvals are received from the Foster City Planning Commission and any appeals or court actions from the Commission’s decision become final the date a Certificate of Occupancy is obtained for the Facilities being constructed pursuant to Section Two, Construction of Facilities (hereinafter, the “Commencement Date”) . Lessor shall provide Lessee with a notice identifying the Commencement Date at the expiration of the above-referenced time period. The Lease shall continue for ten years from the Commencement Date and continuing for fifteen (15) years thereafter at which point this Amended Lease will terminate (hereinafter, the “Expiration Date”) unless Lessee exercises a five (5) year extension (hereinafter, the “Lease Term Extension”). In order to do so, Xxxxxx shall advise Lessor in writing that it is exercising this option to extend the Lease no later than six (6) months prior to the Expiration Date.
Sample 1
Amended Lease Term. The Lease Term is hereby amended such that it is extended for a period of sixty (60) calendar months from the Effective Date of this Amendment, plus the partial calendar month during which the Effective Date of this Amendment occurs if the Effective Date of this Amendment is other than the first day of a calendar month (the period from the Effective Date of this Amendment through the end of said 60-calendar month period being referred to herein as the “Amended Lease Term”), subject to adjustment and earlier termination as provided in the Lease, as amended herein. The Amended Lease Term shall be on the same terms and conditions as are set forth in the Lease, as amended herein, and the phrase “Lease Term” or “Term,” as used in the Lease, shall be deemed to include the Amended Lease Term and, if applicable, the Renewal Term (as defined in this Amendment).
Sample 1
Amended Lease Term. The Lease termination date of April 30, 2011, for the Premises shall be amended and the parties hereby agree to extend the Lease termination date for a period of sixty-four (64) months to August 31, 2016 (“Termination Date”).
Sample 1

Related to Amended Lease Term

  • Initial Lease Term The Initial Lease Term is for a minimum of ten (10) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs.

  • Option to Extend Lease Term Landlord hereby grants to Tenant one (1) option ("Option") to extend the Lease Term with respect to the Premises on the following terms and conditions: (a) The Option shall give Tenant the right to extend the Lease Term for an additional ten (10) years (the "Extended Term"); (b) Tenant shall give Landlord written notice of its exercise of the Option no later than one hundred eighty (180)days, nor earlier than three hundred sixty (360), prior to the Termination Date; (c) Tenant may not extend the Lease Term pursuant to this Section 3.4 if Tenant is in default in the performance of any of the terms and conditions of this Lease and/or the Other Lease, which default continues after the expiration of any grace period and the giving of any notice, as provided in Article 16 below or in the Other Lease. Any notice of exercise of the Option given by Tenant while Tenant is in default shall be of no force and effect. The period of exercise of the Option shall not be extended for any period in which Tenant is unable to exercise an Option by reason of Tenant's default. If Tenant is in default on the date that the Extended Term is to commence, then Landlord may elect to terminate this Lease pursuant to Section 16.2.1, notwithstanding any notice given by Tenant of the exercise of the Option. (d) All terms and conditions of this Lease shall apply during the Extended Term, except that Base Rent for the Extended Term shall be determined in accordance with Section 5.1.2 below; (e) Once Tenant delivers notice of its exercise of the Option, Tenant may not withdraw such exercise and, subject to the provisions of this Section 3.4, such notice shall operate to extend the Lease Term. Upon the extension of the Lease Term pursuant to this Section 3.4, the term "Lease Term" as used in this Lease shall thereafter include the Extended Term and the Termination Date shall be the expiration date of the Extended Term.

  • Sublease Term The term of the Sublease (“Sublease Term”) commences on the later to occur of (1) Sublandlord’s receipt of Prime Landlord’s written consent to this Sublease, and (2) October 1, 2009 (“Sublease Commencement Date”); and expires on January 28, 2018 (“Sublease Expiration Date”; i.e., the day prior to the Termination Date pursuant to the Prime Lease). Sublandlord shall deliver the Subleased Premises “broom clean” and free of all of Sublandlord’s personal property (other than the F&F (defined in Section 2(f))) and debris, but otherwise in “AS IS, WHERE IS” condition on the Sublease Commencement Date; provided that Subtenant shall not be responsible for, or required to remedy, any violation of any applicable law, or any condition or state of facts, with respect to the Subleased Premises, the Building or the Land existing on or prior to the Sublease Commencement Date. Sublandlord is not required to perform any work to prepare the Subleased Premises for Subtenant’s intended use. If (i) for any reason Sublandlord has not received Prime Landlord’s written consent to this Sublease in form required by Section 15(i) below by the date which is sixty (60) days from the date hereof, or (ii) Prime Landlord elects to terminate the Prime Lease in respect of the Subleased Premises pursuant to Prime Landlord’s recapture right set forth in Section 16.5 of the Prime Lease, then in the case of (i), then Sublandlord and Subtenant each may elect at any time thereafter to terminate this Sublease by written notice to the other, whereupon the parties shall deem this Sublease to be null and void and of no effect (except for those provisions expressly stated herein to survive a termination), and in the case of (ii) the Sublease will be deemed terminated in accordance with Section 16.5 of the Prime Lease.

  • Lease Term The terms and provisions of this Lease shall be effective as of the date of this Lease. The term of this Lease (the “Lease Term”) shall commence on the “Lease Commencement Date,” as that term is set forth in Section 3.2 of the Summary, and shall terminate on the “Lease Expiration Date,” as that term is set forth in Section 3.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. Tenant hereby acknowledges that the Premises are currently occupied by another tenant of the Building. If Landlord is unable for any reason to deliver possession of the Premises to Tenant on any specific date , then Landlord shall not be subject to any liability for its failure to do so, and such failure shall not affect the validity of this Lease or the obligations of Tenant hereunder. For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month period during the Lease Term. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall execute and return to Landlord within ten (10) business days of receipt thereof; provided, however, Tenant’s failure to execute and return such notice to Landlord within such time shall be conclusive upon Tenant that the information set forth in such notice is as specified therein. In addition to the foregoing, subject to any delays caused by Tenant or any Tenant Parties and events of Force Majeure, if Landlord fails to tender possession of the Premises to Tenant on or before January 2, 2015 (the “Base Rent Delivery Date”), Tenant shall be entitled to one (1) day of per diem Base Rent abatement for each day commencing on the day after the Base Rent Delivery Date and ending on the date Landlord so tenders possession of the Premises to Tenant. Any such Base Rent Abatement shall be separate from and in addition to any Rent Abatement described in Section 3.2 below.

  • Term of the Lease The lease begins at p.m. on (the “Check-in Date”) and ends at a.m. on (the “Checkout Date”).

  • Extension of Lease Term The Original Lease Term is hereby extended for a period of eighteen (18) months continuing through and including November 30, 2022 (the “Extension Term” and the Original Lease Term as so extended by the Extension Term, the “Lease Term”).

  • TERM OF LEASE This Lease shall commence on the date of ________ and shall continue until its natural termination under this part on the date of ________ at 11:59 PM. After the date of termination, this Lease shall automatically renew and shall continue for the same term amount until Landlord or Tenant undertake cancellation of this Lease in writing. At the expiration of this Lease, Tenant shall be responsible for providing a forwarding address to Landlord to receive any funds owed or other notices.

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • Original Lease The single executed original of this Lease marked "THIS COUNTERPART IS THE ORIGINAL EXECUTED COUNTERPART" on the signature page thereof and containing the receipt of the Lessor therefor on or following the signature page thereof shall be the Original Executed Counterpart of this Lease (the "Original Executed Counterpart"). To the extent that this Lease constitutes chattel paper, as such term is defined in the Uniform Commercial Code as in effect in any applicable jurisdiction, no security interest in this Lease may be created through the transfer or possession of any counterpart other than the Original Executed Counterpart.

  • Existing Premises Notwithstanding anything to the contrary in the Lease as hereby amended, Tenant shall continue to pay Base Rent for the Existing Premises in accordance with the terms of the Lease.

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