LEASE BUY-OUT Sample Clauses

LEASE BUY-OUT. In the event, Resident desires to terminate the lease prior to the end of the initial term or any extension thereon, Resident may do so by giving thirty (30) days written notice, paying all amounts due or which would fall due prior to move-out (including paying back to Owner any and all move-out discounts or lease concessions), and paying the Lease Buy-Out Amount above. Such amounts are to be paid at the time of giving the notice. Resident shall still be responsible for any damages and cleaning of the Premises. If no amount is stated or the amount is $0, it shall be deemed to be the full amount due through the end of the initial term of this agreement. The lease may only terminate on the last day of a month unless otherwise agreed to by Owner or due to default.
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LEASE BUY-OUT. Tenant may terminate this Lease with Xxxxxxxx’s written approval, and by delivering to Landlord a “Buy-Out Fee” equal to two months Rent, in addition to the forfeiture of the security deposit, totaling three months rent, whereupon the Lease shall terminate on the last day of the next full month. The Buy-Out termination must accompany Xxxxxx’s notice to vacate. Rents shall continue to be due up to and through the last day of the last month of occupancy. Payment of the Buy-Out Fee will waive the Rental Fee. If not approved, Landlord shall return the Buy-Out Fee to the Tenant.
Sample 1
LEASE BUY-OUT. Tenant shall have a one (1) time right to cancel the Lease at the end of the thirty-sixth (36th) month by performing the following:
Sample 1
LEASE BUY-OUT. Lessee agrees to pay Lessor $13,414.35 to buy out the current tenant of Suite II-250, Moddxxxx Xxxerprises, LLC, from its lease. Lessor and Lessee acknowledge and agree that this amount represents Lessor's unamortized finish out costs and leasing commissions from its lease with Moddxxxx Xxxerprises. Except as provided to the contrary herein, all the provisions of the Lease Agreement shall be applied to the expansion space and all of the remaining terms, covenants, and provisions of the Lease Agreement shall remain in full force and effect and unmodified hereby. Each party hereby acknowledges that the other is not in default under the Lease Agreement in any respect. Each signatory hereto represents and warrants that he or she is authorized to execute this document and that upon said execution by both parties, this document will constitute the binding obligation of the party on behalf of whom such person has signed, without the necessity of Joinder of any other person or entity. EXECUTED on the dates set forth below our respective signatures. LESSOR: LESSEE: EURUS ESTATES II, LTD. CROSSROADS SYSTEMS, INC. By: /s/ DON XXXX By: /s/ BRIAX XXXXX ----------------------------------- ------------------ Don Xxxx, XXM, RPA, Vice-President, Briax Xxxxx, Kucexx Xxxagement, Inc., CEO Authorized Managing Agent for Eurus Estates II, Ltd. Date: 10/22/97 Date: October 15, 1997 ---------------------------------- ----------------- 3 EXHIBIT A CROSSROADS SYSTEMS, INC. EXPANSION SPACE Kalexxx XX, Xxxxx 000 2,879 rentable square feet (2,346 usf) [FLOOR PLAN] Lessor DT ---------------
Sample 1
LEASE BUY-OUT. In the event, Resident desires to terminate the lease prior to the end of the lease term, Resident may do so by giving written notice to management. At the time of notification to management three (3) month's rent will be immediately due to management for lease buy out amount. Funds must be a Cashier's Check, Certified Bank Check, or Money Order. After lease buy-out payment has been made, Management will provide to tenant the signed addendum releasing tenant of future rent and obligations that would normally be due under lease contract. Tenant then will have 30 days to vacate the property. Resident shall still be responsible for damages and cleaning of the premises as stated in the Security Deposit section of this contract. Management is under no obligation to negotiate for less than the amounts due as stated herein. Sub-leasing will not be allowed as an option or substitute to the Lease Buy-Out. The lease may only terminate on the last day of a month under the Lease Buy-Agreement.
Sample 1
LEASE BUY-OUT. A student who is denied their request for a release from the housing lease may participate in a 65% buyout option. In this option, the resident will be charged 65% of the remaining Housing and Dining Services Contract in return for a cancellation of the Housing and Dining Services Contract.
Sample 1
LEASE BUY-OUT. Lessee may buy lease out by paying fee of (month and half rent) along with providing a 30 day written notice to vacate.( This applies to Lessees with fixed term lease agreement).
Sample 1
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LEASE BUY-OUT. A Buy-Out option allows a student to be released from the contract for a fee of 50% of the prorated housing fee for the remainder of the semester. The deadline to request a buy-out for Fall semester is December 01, and for Spring semester, April 01. There is no refund for Fall fees after December 01, and no refund for Spring fees after April 01. Any request received after December 01 will be considered a Spring request, and the student requesting will be responsible for a prorated 50% Spring room charge. Dining fees are not refundable. Early termination of the contract will result in forfeiture of the deposit. Students removed from Campus Living for disciplinary reasons will pay the full housing and dining fees without refund.
Sample 1

Related to LEASE BUY-OUT

  • Construction In First Offer Space Tenant shall take the First Offer Space in its “as is” condition, subject to any improvement allowance granted as a component of the Fair Rental Value, and the construction of improvements in the First Offer Space shall comply with the terms of Article 8 of this Lease.

  • Lease Estoppels With respect to each Mortgage Loan secured by retail, office or industrial properties, the Mortgage Loan Seller requested the related Mortgagor to obtain estoppels from each commercial tenant with respect to the Certified Rent Roll (except for tenants for whom the related lease income was excluded from the Mortgage Loan Seller’s underwriting). With respect to each Mortgage Loan predominantly secured by a retail, office or industrial property leased to a single tenant, the Mortgage Loan Seller reviewed such estoppel obtained from such tenant no earlier than 90 days prior to the origination date of the related Mortgage Loan (or such longer period as Mortgage Loan Seller may deem reasonable and appropriate based on Mortgage Loan Seller’s practices in connection with the origination of similar commercial and multifamily loans intended for securitization), and to Mortgage Loan Seller’s knowledge, based solely on the related estoppel, (x) the related lease is in full force and effect and (y) there exists no material default under such lease, either by the lessee thereunder or by the lessor subject, in each case, to customary reservations of tenant’s rights, such as with respect to CAM and pass-through audits and verification of landlord’s compliance with co-tenancy provisions.

  • Operating Lease The parties hereto intend that this Lease shall be deemed for all purposes to be an operating lease and not a capital lease.

  • Lease of Aircraft Lessor agrees to lease the Aircraft to Lessee pursuant to the provisions of FAR Section 91.501(b)(6) and Section 91.501(c)(1) and this Agreement, and to provide a fully-qualified and credentialed flight crew for all flights to be conducted hereunder during the Term (as defined in Section 13) hereof. The parties acknowledge and agree that this Agreement did not result in any way from any direct or indirect advertising, holding out or soliciting on the part of Lessor or any person purportedly acting on behalf of Lessor. Lessor and Lessee intend that the lease of the Aircraft effected by this Agreement shall be treated as a “wet lease” pursuant to which Lessor provides transportation services to Lessee in accordance with FAR Section 91.501(b)(6) and Section 91.501(c)(1).

  • Construction Contracts Item A: Enter the total dollar amount of all contacts awarded on the project/ program. Item B: Enter the total dollar amount of contracts connected with this project/program that were awarded to Section 3 businesses.

  • Construction Contract If federal funds are included as part of the financing of the non-OPWC portion of the Project, federal law may prevail, including, but not limited to, application of Xxxxx Xxxxx prevailing wage rates, the Xxxxxxxx “Anti-Kickback” Act, the Contract Work Hours and Safety Standards Act, and any federal environmental regulations. Recipient is solely responsible for ensuring compliance with federal requirements applicable to its Local Subdivision Contribution. Notwithstanding the above, the following provisions apply to construction contracts under this Agreement:

  • New Lease In the event of the termination of this Lease as a result of Tenant's default prior to the expiration of the term, or in the event of a rejection by Landlord or Tenant of this Lease under Chapter 11 of the Bankruptcy Code, Landlord shall, in addition to providing the notices of default and termination as required by this Lease, provide each Leasehold Mortgagee with written notice that the Lease has been terminated or that Landlord has filed a request with the Bankruptcy Court seeking to reject the Lease, together with a statement of all sums which would at that time be due under this Lease but for such termination or rejection, and of all other defaults, if any, then known to Landlord. Upon any request of the Leasehold Mortgagee, or its designee, Landlord agrees to enter into a new lease ("New Lease") of the Premises with such Leasehold Mortgagee or its designee for the remainder of the term of this Lease, effective as of the date of termination or rejection, as the case may be, at the Rent, and upon the terms, covenants and conditions (including all transfer rights, but excluding requirements which are not applicable or which have already been fulfilled) of this Lease; provided, however, that (i) the Leasehold Mortgagee whose lien upon the Premises is superior to the lien of any other Leasehold Mortgage (the "Senior Leasehold Mortgagee") shall have the right to give notice of its intent to enter into a New Lease to the Landlord for a period of 60 days from its receipt of the notice referred to in the first sentence of this Section 18.2.18 and (ii) if the Senior Leasehold Mortgagee does not exercise its right to enter into the New Lease during this 60-day period; the Leasehold Mortgagee whose lien upon the Premises is superior to the lien of any other Leasehold Mortgage (other than the Senior Leasehold Mortgagee) shall have the right to give notice of its intent to enter into a New Lease to the Landlord during the remainder of the period(s) specified below; and provided further, however,

  • LEASE OF EQUIPMENT Lessor leases to Lessee, and Lessee leases from Lessor, all the property described in the Lease Schedules which are signed from time to time by Lessor and Lessee.

  • Landlord’s Work (a) For purposes of this lease, "Landlord's Work" means, collectively, the alterations and improvements to the demised premises to be constructed and/or installed by Landlord in accordance with the terms and conditions of this lease, as more particularly described in Exhibit ________ attached to and hereby made a part of this lease. Landlord shall use commercially reasonable efforts to "Substantially Complete" the Landlord's Work not later than ________, 20________ (the "Substantial Completion Target Date"). For purposes of this lease, Landlord's Work shall be deemed to be "Substantially Complete" as of the date on which the general contractor or the architect employed by Landlord with respect to the construction and/or installation of Landlord's Work shall certify in writing to Landlord that: (i) Landlord's Work has been substantially completed in all material respects substantially in accordance with the approved plans and specifications therefor, if any; and (ii) a temporary or permanent certificate of occupancy has been issued by the governmental authority having jurisdiction with respect to Landlord's Work or the governmental authority having jurisdiction with respect to Landlord's Work has otherwise evidenced its approval of Landlord's Work. Landlord shall have no liability whatsoever to Tenant in the event that Landlord shall fail for any reason whatsoever to Substantially Complete Landlord's Work on or before the Substantial Completion Target Date (including, without limitation, for any damages that Tenant may suffer as a result thereof or in connection therewith); provided, however, in such event, Landlord shall use commercially reasonable efforts to Substantially Complete Landlord's Work as soon as possible thereafter. Landlord shall use commercially reasonable efforts to complete any portions or aspects of Landlord's Work which shall be incomplete as of the date of Substantial Completion of Landlord's Work as soon as possible thereafter. Notwithstanding anything to the contrary set forth elsewhere in this lease, Tenant hereby acknowledges and agrees that the construction and/or installation of Landlord's Work by Landlord shall not be deemed in any way to constitute a condition precedent to the occurrence of the Commencement Date (as such date is set forth in Paragraph 1.3 of this lease) or to the effectiveness of any of the agreements or obligations of Tenant set forth in this lease with respect to the demised premises (including, without limitation, the commencement of the obligation to pay Rent by Tenant as of the Commencement Date).

  • Lease The Lease Agreement (Federal Express Corporation Trust No. N678FE) dated as of June 15, 1998, as amended and restated as of September 1, 1998, entered into by the Lessor and the Lessee concurrently with the execution and delivery of the Indenture, including, without limitation, supplementation by one or more Lease Supplements entered into pursuant to the applicable provisions of the Lease.

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