Changes in Lease Agreements Clause Samples
The "Changes in Lease Agreements" clause defines the process and conditions under which modifications to the terms of a lease can be made. Typically, this clause requires that any amendments, such as changes to rent, duration, or permitted uses, must be agreed upon in writing and signed by both the landlord and tenant. By establishing a clear procedure for altering the lease, this clause helps prevent misunderstandings and disputes, ensuring that both parties are aware of and consent to any changes made during the lease term.
Changes in Lease Agreements. None of the 1st Financial Companies will (i) surrender its leasehold interest in any parcel of leased 1st Financial Real Property, or seek or agree to the termination of the Lease Agreement pertaining to any such parcel, other than at the end of the term of a Lease Agreement under the terms of which it does not have an option to renew, or modify or amend the Lease Agreement pertaining to any parcel of leased 1st Financial Real Property, or (ii) renew any Lease Agreement, or permit any Lease Agreement to be automatically renewed, without (in the case of each of (i) and (ii)) first consulting with FCB and permitting FCB to express its views regarding such surrender, termination, modification, amendment or renewal, and the terms and conditions thereof; provided, however, that, before agreeing to any proposed renewal or extension of a Lease Agreement, 1st Financial and Mountain 1st shall first use Commercially Reasonably Efforts to attempt to obtain (i) an extension of the date prior to expiration of the Lease Agreement by which it must give notice of renewal or termination of the Lease Agreement, (ii) a month-to-month or short-term lease arrangement, or (iii) some arrangement for possession of the leased Parcel other than a full-term renewal, in each case in an effort to permit FCB, following the Effective Date, to assess its needs and plans for the Parcel that is the subject of that Lease Agreement before becoming committed to a longer-term lease obligation.
Changes in Lease Agreements. Surrender its leasehold interest in any property held under, or seek or agree to the termination of any, AB&T Real Property Lease other than at the end of the term of a Lease Agreement under the terms of which it does not have an option to renew, or (ii) modify or amend an AB&T Real Property Lease other than in connection with the renewal at the end of its term. Prior to renewing or amending an AB&T Real Property Lease as described above, AB&T will consult with 1st Financial and permit 1st Financial to express its views regarding the terms of the renewal or amendment.
Changes in Lease Agreements. Prior to the Effective Time, none of the CBI Companies will (i) surrender its leasehold interest in any parcel of leased CBI Real Property, or seek or agree to the termination of the Lease Agreement pertaining to any such parcel, other than at the end of the term of a Lease Agreement under the terms of which it does not have an option to renew, or (ii) modify or amend the Lease Agreement pertaining to any parcel of leased CBI Real Property other than in connection with the renewal of a Lease Agreement at the end of its term. Prior to renewing or amending a Lease Agreement as described above, CBI and CRB will consult with FCB and permit FCB to express its views regarding the terms of the renewal or amendment.
Changes in Lease Agreements. None of the SFC Companies will (i) other than at the end of the term of a Lease Agreement under the terms of which it does not have an option to renew, surrender their leasehold interest in any parcel of leased SFC Real Property, or seek or agree to the termination of the Lease Agreement pertaining to any such parcel, or (ii) modify or amend the Lease Agreement pertaining to any parcel of leased SFC Real Property other than in connection with the renewal of a Lease Agreement at the end of its term. Prior to renewing or amending a Lease Agreement as described above, SFC will consult with FCB and permit FCB to express its views regarding the terms of the renewal or amendment.
Changes in Lease Agreements. None of the Affinity Companies will (i) surrender its leasehold interest in any Parcel of leased Affinity Real Property, or seek or agree to the termination of the Lease Agreement pertaining to any such Parcel, other than at the end of the term of a Lease Agreement under the terms of which it does not have an option to renew, (ii) modify or amend the Lease Agreement pertaining to any Parcel of leased Affinity Real Property, or (iii) renew any Lease Agreement, or permit any Lease Agreement to be automatically renewed.
Changes in Lease Agreements. None of the SFC Companies will (i) other than at the end of the term of a Lease Agreement under the terms of which it does not have an option to renew, surrender their leasehold interest in any parcel of leased SFC Real Property, or seek or agree to the termination of the Lease Agreement pertaining to any such parcel, or (ii) modify or amend the Lease Agreement pertaining to any parcel of leased SFC Real Property other than in connection with the renewal of a Lease Agreement at the end of its term. Prior to renewing or amending a Lease Agreement as described above, SFC will consult with FCB and permit FCB to express its views regarding the terms of the renewal or amendment. Article VI Covenants of FCB and Bancorp Except as otherwise specifically provided in this Agreement, FCB and Bancorp each agrees as follows: