Effect of the new Lease. 1. In accordance with s. 71AD(1)(e) of the Act, if the parties renew the Lease, such renewal will have the effect of completely replacing this Lease except insofar as provisions of this Lease are preserved by any such renewal or are required by any statute.
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement
Effect of the new Lease.
1. 1 In accordance with s. 71AD(1)(e) of the Act, if the parties Parties renew the Lease, such renewal will have the effect of completely replacing this Lease except insofar as provisions of this Lease are preserved by any such renewal or are required by any statuteAct. Any new lease replaces all of the old lease unless it is agreed that some parts of the old lease should continue or the law requires some parts to continue.
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement
Effect of the new Lease.
1. In accordance with s. 71AD(1)(es71AD(1)(e) of the Act, the parties agree that, if the parties renew the Leaselease, such renewal will have the effect of completely replacing this Lease lease except insofar as provisions of this Lease lease are preserved by any such renewal or are required by any statute.
Appears in 1 contract
Samples: Lease Agreement
