Effect on Lease After Surrender Date Sample Clauses

Effect on Lease After Surrender Date. After the Surrender Date, the Lease shall continue in full force and effect for the remainder of the term of the Lease and subject to all of the terms and provisions of the Lease, as amended by this Amendment, including, without limitation, the following modifications of the Lease: (i) the Expansion Space A shall cease to be a part of the Demised Premises and Tenant shall have no right to possession, use or lease of the Expansion Space A or any options or other rights with respect to the Expansion Space A unless and except as provided in this Amendment; and (ii) the regular Monthly Installment of Base Annual Rent and Tenant's Shares of Taxes and Operating Costs allocable to the Expansion Space A shall no longer accrue with respect to the Expansion Space A.
Sample 1
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Effect on Lease After Surrender Date. From and after the Surrender Date, the Lease shall continue in full force and effect for the remainder of the Lease Term (as extended by this First Amendment), upon and subject to the terms and provisions of the Lease, as amended pursuant to the terms of this First Amendment. After the Surrender Date, (i) the Surrender Premises shall cease to be a part of the Demised Premises and Tenant shall have no right to possession or use of the Surrender Premises or any options or other rights with respect to the Surrender Premises; and (ii) the Basic Rent and Additional Rent due and payable under the Lease that would otherwise be allocable to the Surrender Premises shall no longer accrue under the Lease with respect to the Surrender Premises.
Sample 1
Effect on Lease After Surrender Date. After the Surrender Date, the Lease shall continue in full force and effect for the remainder of the term of the Lease upon and subject to all of the terms and provisions of the Lease, including, without limitation, the following modifications of the Lease: (i) Tenant shall have no right to possession, use or lease of the 640 Galveston Space or any options or other rights with respect to the 640 Galveston Space unless and except as provided in this Amendment; and (ii) the regular Monthly Base Rent and Rent Adjustments allocable to the 640 Galveston Space shall no longer accrue.
Sample 1
Effect on Lease After Surrender Date. After the Surrender Date, the “Premises” shall no longer include the Surrender Space and the Lease shall continue in full force and effect only with respect to the Remaining Premises (as defined below) as the “Premises” for the remainder of the Term of the Lease, including as extended by this Agreement, upon and subject to all of the terms and provisions of the Lease, including, without limitation: (i) Tenant shall have no right to possession, use or lease of the Surrender Space or any options or other rights with respect to the Surrender Space; (ii) Rent Adjustments allocable to the Surrender Space shall no longer accrue; and (iii) “Remaining Premises” shall mean the portion of the Premises which Tenant continues to lease under this Lease, the floor plan of which is set forth on Exhibit A hereto. In addition, from and after the Surrender Date, Tenant shall no longer have any responsibility under Article 8 of the Lease to perform or construct any repair, maintenance, replacements or improvements with respect to any part of the Building which is not part of the Remaining Premises; provided, Tenant shall pay for its share of such items to the extent such costs are incurred by Landlord and otherwise properly included in Operating Expenses. The Rentable Area of the Remaining Premises is conclusively agreed and deemed to be 12,106 square feet of Rentable Area, which shall be used in the calculation of the Monthly Base Rent and Tenant’s Share of Operating Expenses and all other purposes under the Lease from and after the Surrender Date. Notwithstanding the foregoing or Section 1.01(18) or any other provision of the Existing Lease to the contrary, from and after the Surrender Date, Tenant shall have the use of no more than forty (40) Parking Spaces, all as more particularly described in Section 2.06(c) of the Lease. Landlord and Tenant agree that, for all purposes of this Lease, the Rentable Area of the Premises set forth above shall be controlling and is not subject to revision after the date of this Agreement; Tenant has done such inspection and verification as it desires; and the square footage and Rent are negotiated and agreed amounts that shall not change regardless whether the actual size of the Remaining Premises or Building are more or less than any statement of size set forth in the Lease. The Remaining Premises shall remain designated as 000 Xxxxxxxxx Xxxxx.
Sample 1

Related to Effect on Lease After Surrender Date

  • Commencement Date The Subcontractor shall be permitted to begin the Services on ______________________, 20____ (“Commencement Date”).

  • Occupancy After Foreclosure Any sale of the Mortgaged Property or any part thereof will divest all right, title and interest of Mortgagor in and to the property sold. Subject to applicable law, any purchaser at a foreclosure sale will receive immediate possession of the property purchased. If Mortgagor retains possession of such property or any part thereof subsequent to such sale, Mortgagor will be considered a tenant at sufferance of the purchaser, and will, if Mortgagor remains in possession after demand to remove, be subject to eviction and removal, forcible or otherwise, with or without process of law.

  • Termination of Covenants The covenants set forth in this Section 5, except for Subsections 5.6, 5.7 and 5.8, shall terminate and be of no further force or effect (i) immediately before the consummation of the IPO, (ii) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act, or (iii) upon a Deemed Liquidation Event, as such term is defined in the Company’s Amended and Restated Certificate of Incorporation, whichever event occurs first.

  • DATE OF COMMENCEMENT AND SUBSTANTIAL COMPLETION § 3.1 The date of commencement of the Work shall be: § 3.2 The Contract Time shall be measured from the date of commencement of the Work.

  • Termination of Master Lease If the Sublessor terminates their tenancy in the Premises under the Master Lease, the Sublessee agrees that if the Master Lease is terminated for any reason, this Agreement will terminate as of the same date.

  • 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.

  • Termination of Coverage This Contract may be terminated as follows:

  • Effect of Partial Terminations Upon the earlier to occur of (a) the assignment of any Serviced Appointment to the Purchasers or the effectiveness of the appointment of another person as the Appointed Trustee under the terms of the Serviced Corporate Trust Contract related to such Serviced Appointment, or (b) the termination in accordance with its terms of any Serviced Corporate Trust Contract and the resulting termination of the Sellers’ duties as Appointed Trustee thereunder, the Purchasers’ duties and obligations hereunder with respect to such Serviced Appointment shall terminate; provided, however, that nothing in this Section 7.2.3 shall affect the Purchasers’ or Sellers’ obligations under Article 8 with respect to any such Serviced Corporate Trust Contract or Serviced Appointment.

  • Union Activity on Premises and/or Access to Premises The Union agrees that neither it, nor its officers, agents, representatives and members will engage in the solicitation of members, holding of meetings or any other Union activities on Hospital premises or on Hospital time without the prior approval of the Hospital, except as specifically provided for in this Agreement. Such approval will not be unreasonably denied.

  • Landlord’s Option as to Subject Space Notwithstanding anything to the contrary contained in this Article 14, in the event Tenant contemplates a Transfer other than to a Permitted Transferee which, together with all prior Transfers then remaining in effect, would cause fifty percent (50%) or more of the Premises to be Transferred for more than fifty percent (50%) of the then remaining Lease Term (taking into account any extension of the Lease Term which has irrevocably exercised by Tenant), Tenant shall give Landlord notice (the “Intention to Transfer Notice”) of such contemplated Transfer (whether or not the contemplated Transferee or the terms of such contemplated Transfer have been determined). The Intention to Transfer Notice shall specify the portion of and amount of rentable square feet of the Premises which Tenant intends to Transfer in the subject Transfer (the “Contemplated Transfer Space”), the contemplated date of commencement of the Contemplated Transfer (the “Contemplated Effective Date”), and the contemplated length of the term of such contemplated Transfer. Thereafter, Landlord shall have the option, by giving written notice to Tenant within thirty (30) days after receipt of any Intention to Transfer Notice, to recapture the Contemplated Transfer Space. Such recapture shall cancel and terminate this Lease with respect to such Contemplated Transfer Space as of the Contemplated Effective Date. In the event of a recapture by Landlord, if this Lease shall be canceled with respect to less than the entire Premises, the Rent reserved herein shall be prorated on the basis of the number of rentable square feet retained by Tenant in proportion to the number of rentable square feet contained in the Premises, and this Lease as so amended shall continue thereafter in full force and effect, and upon request of either party, the parties shall execute written confirmation of the same. If Landlord declines, or fails to elect in a timely manner, to recapture such Contemplated Transfer Space under this Section 14.4, then, subject to the other terms of this Article 14, for a period of nine (9) months (the “Nine Month Period”) commencing on the last day of such thirty (30) day period, Landlord shall not have any right to recapture the Contemplated Transfer Space with respect to any Transfer made during the Nine Month Period, provided that any such Transfer is substantially on the terms set forth in the Intention to Transfer Notice, and provided further that any such Transfer shall be subject to the remaining terms of this Article 14. If such a Transfer is not so consummated within the Nine Month Period (or if a Transfer is so consummated, then upon the expiration of the term of any Transfer of such Contemplated Transfer Space consummated within such Nine Month Period), Tenant shall again be required to submit a new Intention to Transfer Notice to Landlord with respect any contemplated Transfer, as provided above in this Section 14.4. Tenant shall not be required to provide a separate Intention to Transfer Notice and Tenant’s request for Landlord’s consent to a Transfer shall satisfy Tenant’s obligations in this Section 14.4.

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