FURTHER TERMS. 12.1 The Council will grant a new Lease of the Land for the next of the further term(s) (if any) set out in item 7 of Schedule 1 if the Tenant gives the Council a written request for renewal not more than six months or less than three months before this Lease expires. The date until which any option is exercisable is set out in item 8 of Schedule 1. 12.2 The Council will not be obliged to grant a new Lease if: 12.2.1 there is at the time of such request an existing breach or non-observance of any of any of the covenants and agreements on the part of the Tenant to be observed and performed; or 12.2.2 there is any unremedied default of which the Council has given the Tenant written notice; or 12.2.3 the Tenant has persistently defaulted under this Lease throughout its term. 12.3 The new lease shall: 12.3.1 commence on the date after this Lease expires or on such later date as the parties may agree; 12.3.2 be at a rental agreed by the parties or if they do not agree be determined in the manner set out in Clause 11; and 12.3.3 be on the terms and conditions contained in this Lease including any provisions for the review of rental but not including any provisions for renewal in the case of the last of the further terms. 12.4 If the Tenant is a corporation, it must obtain guarantees of its obligations under the renewed lease from its directors in the form of clause 16.
Appears in 1 contract
Samples: Lease Agreement
FURTHER TERMS. 12.1 The Council will grant a new Lease of the Land for the next of the further term(s) (if any) set out in item 7 of Schedule 1 if the Tenant gives the Council a written request for renewal not more than six months or less than three months before this Lease expires. The date until which any option is exercisable is set out in item 8 of Schedule 1.
12.2 The Council will not be obliged to grant a new Lease if:
12.2.1 there is at the time of such request an existing breach or non-non- observance of any of any of the covenants and agreements on the part of the Tenant to be observed and performed; or
12.2.2 there is any unremedied default of which the Council has given the Tenant written notice; or
12.2.3 the Tenant has persistently defaulted under this Lease throughout its term.
12.3 The new lease shallwill:
12.3.1 commence on the date after this Lease expires or on such later date as the parties may agree;
12.3.2 be at a rental agreed by the parties or if they do not agree be determined in the manner set out in Clause 11; and
12.3.3 be on the terms and conditions contained in this Lease including any provisions for the review of rental but not including any provisions for renewal in the case of the last of the further terms.
12.4 If the Tenant is a corporation, it must obtain guarantees of its obligations under the renewed lease from its directors in the form of clause 16.
Appears in 1 contract
Samples: Lease Agreement
FURTHER TERMS. 12.1 The Council will grant a new Lease of the Land Property for the next of the further term(s) (if any) set out in item 7 of the Sixteenth Schedule 1 if the Tenant gives the Council a written request for renewal not more than six months or less than three months before this Lease expires. The date until which any the option is exercisable is set out in item 8 of Schedule 1the Seventeenth Schedule.
12.2 The Council will not be obliged to grant a new Lease if:
12.2.1 there is at the time of such request an existing breach or non-non- observance of any of any of the covenants and agreements on the part of the Tenant to be observed and performed; or
12.2.2 there is any unremedied default of which the Council has given the Tenant written notice; or
12.2.3 the Tenant has persistently defaulted under this Lease throughout its term.
12.3 The new lease shallLease will:
12.3.1 commence on the date after this Lease expires or on such later date as the parties may agree;
12.3.2 be at a rental agreed by the parties or if they do not agree be determined in the manner set out in Clause 11; and
12.3.3 be on the terms and conditions contained in this Lease including any provisions for the review of rental but not including any provisions for renewal in the case of the last of the further terms.
12.4 If the Tenant is a corporation, it must obtain guarantees of its obligations under the renewed lease Lease from its directors in the form of clause 16.
Appears in 1 contract
Samples: Lease Agreement
FURTHER TERMS. 12.1 The 13.1 Council will grant a new Lease of the Land Premises for the next of the further term(s) (if any) set out in item 7 of Schedule 1 if the Tenant gives the Council a written request for renewal not more than six months or less than three months before this Lease expires. The date until which any option is exercisable is set out in item 8 of Schedule 1.
12.2 The 13.2 Council will not be obliged to grant a new Lease if:
12.2.1 13.2.1 there is at the time of such request an existing breach or non-non- observance of any of any of the covenants and agreements on the part of the Tenant to be observed and performed; or
12.2.2 13.2.2 there is any unremedied default of which the Council has given the Tenant written notice; or
12.2.3 13.2.3 the Tenant has persistently defaulted under this Lease throughout its term.
12.3 13.3 The new lease shallwill:
12.3.1 13.3.1 commence on the date after this Lease expires or on such later date as the parties may agree;
12.3.2 13.3.2 be at a rental agreed by the parties or if they do not agree be determined in the manner set out in Clause 11clauses 12.1 to 12.7; and
12.3.3 13.3.3 be on the terms and conditions contained in this Lease including any provisions for the review of rental but not including any provisions for renewal in the case of the last of the further terms.
12.4 13.4 If the Tenant is a corporation, it must obtain guarantees of its obligations under the renewed lease from its directors in the form of clause 1617.
Appears in 1 contract
Samples: Deed of Lease