Expiration or Termination of Lease. If a current lease or sublease will expire prior to expiration of this Agreement, you may attempt to obtain a replacement lease or sublease. We will have the right to approve any proposed replacement lease or sublease as otherwise provided in this Article. If you are unable to obtain a replacement lease or sublease that meets our approval prior to the expiration of the current lease or sublease, (i) you have the right to terminate this Agreement, subject to your observation of all notice provisions and post-term obligations set forth in this Agreement, including the continuing obligations described in Section 14.7, or (ii) we have the right to terminate this Agreement in accordance with Section 13.1(f). In addition, if the current lease or sublease is terminated for any reason prior to its expiration, we have the right to terminate this Agreement in accordance with Section 13.1(f).
Expiration or Termination of Lease. The expiration or termination of this lease during any Tax Year or Comparison Year shall not affect the rights or obligations of the parties hereto respecting any payments of Tax payments for such Tax Year and any payments for CPI Adjustment for such Comparison Year. Any Tax Statement relating to such Tax Year and any CPI Statement relating to such Comparison Year may be sent to the Tenant subsequent to, and all such rights and obligations shall survive, any such expiration or termination. In determining the amount of the Tax Payment for the Tax Year or the CPI Adjustment for the Comparison Year in which the term of the lease shall expire, the payment of the relevant escalation shall be prorated based on the number of days of the term which fall within such Tax Year or Comparison Year, as the case may be. Any payments due under such Tax Statement, or CPI Statement shall be payable within ten (10) days after such Tax Statement or CPI Statement, as the case may be, is sent to the Tenant.
Expiration or Termination of Lease. At the termination or expiration of the Lease, the Lessee may sell Lessee’s improvements to another interested, qualified buyer, subject to the Airport’s right of first refusal and subject to the Airport’s finding that continued leasing of the Property is consistent with the Airport Master Plan, Airport Layout Plan, written Airport Board policies and all applicable local, state and federal laws and regulations. Any such buyer may be required to negotiate a new lease with the City. If pertinent factors are not substantially equivalent and the City elects not to further lease the Leased Premises, or if Xxxxxx is unable to find a buyer, Lessee will be required, at the City’s option, to either remove the improvements at Lessee’s expense and restore the premises to their original condition, allowing for reasonable wear and tear (at Xxxxxx’s option pavement may remain), or to sell Lessees’ improvements to the City for the agreed upon fair market value of said improvements. Should the parties be unable to agree on a fair market value, the parties shall split the cost of retaining a qualified airport property appraiser to determine the appraised value of the subject improvements, which value shall be the purchase price.
Expiration or Termination of Lease. The expiration or termination of this lease during any Tax Year shall not affect the rights or obligations of the parties hereto respecting any payments of Tax Payments for such Tax Year. Any Tax Statement relating to such Tax Year may be sent to the Tenant subsequent to, and all such rights and obligations shall survive, any such expiration or termination. In determining the amount of the Tax Payment for the Tax Year in which the term of the lease shall expire, the payment of the relevant escalation shall be prorated based on the number of days of the term which fall within such Tax Year. Any payments due under such Tax Statement shall be payable within ten (10) days after such Tax Statement is sent to the Tenant. The Tenant's right to receive Tenant's Proportionate Share of any refund of Real Estate Taxes received by the Landlord subsequent to the payment of such Real Estate Taxes by the Tenant (after deducting all reasonable costs and expenses incurred by the Landlord in obtaining such refund, which were not included in the computation of Real Estate Taxes) shall survive the expiration or termination of this lease."
Expiration or Termination of Lease. Upon the expiration or other termination of this Lease, Resident Curator shall quit and surrender to Property Owner the Leased Property with all Approved Installed Improvements, broom-cleaned and in such order and condition as Resident Curator is required to maintain the same hereunder, reasonable wear and tear and events of condemnation and casualty excluded, and must vacate the Leased Property. Resident Curator must remove all movable personal property therefrom to the extent that such personal property does not constitute a fixture to the Leased Property, failing which, such moveable personal property will be deemed to have been abandoned.
Expiration or Termination of Lease. 15 3.3 RENT........................................ 22 ARTICLE IV
Expiration or Termination of Lease. A. Upon the expiration of the Lease Term or earlier termination of this Lease by a Judicial Determination in the event of a default by Lessee hereunder, other than the early Unwind termination as set forth in Section 3.2(C) hereof, Lessee shall for no consideration relinquish and surrender to Lessor possession of the Leased Premises and Lessee shall also convey to Lessor by (i) quit claim deed all of its interest in the Leased Premises, including, without limitation, the Brooksville Regional Hospital, Brooksville Enrichment Center, Brooksville Service Center, Pinebrook Medical Center, and the Desoto Avenue Parking Lot, and any additional structures developed by Lessee on the Leased Premises, and (ii) xxxx of sale without warranties of all hospital licenses, certificates and permits for the Hospital Facilities, including, but not limited to, the certificates of need and rights to the hospital beds so licensed, and all tangible and intangible personal property including furniture, fixtures, equipment, inventories, and medical records necessary for the Operations that are located on the Leased Premises, other than tangible and intangible property described herein as Excluded Assets, free and clear of any Taxes (except as to ad valorem taxes, if any, for the balance of the year of closing hereunder), indebtedness, liens or encumbrances, but such conveyances and transfers shall be subject to (a) the Permitted Encumbrances, (b) all restrictions, covenants, reservations, and easements placed of record by Lessee that were approved and joined in by Lessor, (c) ad valorem taxes, if any, for the balance of the year of closing hereunder, and (d) all applicable zoning and land use restrictions. It is the intention of the parties to this Lease Agreement that in the event of the expiration of the Lease Term or earlier termination of this Lease by a Judicial Determination in the event of a default by Lessee under the Lease Agreement (other than the Excluded Assets), that the Leased Premises and all tangible and intangible property necessary for the immediate and continued operation of the Hospital Facilities by Lessor as acute care hospital facilities be conveyed, transferred or assigned, or to the extent not transferable or assignable made available to the Lessor including, but not limited to, all licenses and permits held by the Lessee for the operation of the Hospital Facilities.
Expiration or Termination of Lease. Pursuant to §2.2(a) of the Lease, the term of the Lease was duly extended to and including June 30, 2014. Licensor represents that Chelsea Piers LP is proceeding in good faith to seek to further extend the term of the Lease (and therefore the co- terminus term of the Silver Screen Sublease) pursuant to §2.2(c) thereof. This License Agreement is entered into, and made, subject to the foregoing, it being understood and agreed that Licensor can give, and is now giving, only such right as it presently has; and Licensor shall have no liability to Licensee in the event that the term of the Lease and Silver Screen Sublease is not extended as aforesaid. To the extent that a license is given hereunder for a period from and after June 30, 2014, such license shall be deemed to have been given only if and to the extent that the term of the Lease and the Silver Screen Sublease is extended; and upon such extension of the term of the Lease and Silver Screen Sublease such license shall be deemed to have been given nunc pro tunc as of the date hereof.
