Lease Expiration. 16 18. LIENS AND ESTOPPEL CERTIFICATES 17
Lease Expiration. Upon lease expiration, an owner may renew the lease or refuse to renew the lease for good cause. In addition, the owner may refuse to renew the lease without good cause, in which case the PHA will provide the family with a tenant-based voucher, and the unit will be removed from the PBV HAP contract.
Lease Expiration. At the end of the Term, Lessee shall immediately and peaceably vacate the leased premises. Any and all Leasehold Improvements and/or constructed and/or attached by Lessee on the Leased Premises shall become the property of SRA, unless removed in accordance with Section 6.3 herein. Lessee agrees to execute any and all documents necessary to convey title to any such improvement/fixture to SRA at said time.
Lease Expiration. (a) Upon the expiration of the Lease Term, if the Purchase Option is not exercised, the Tenant shall surrender all the Theatre Properties under this Lease to the Landlord as required under this Lease.
(b) If, as of the expiration or sooner termination of the Lease Term (and provided the Tenant has either not exercised the Purchase Option or failed to close pursuant thereto), obligations of the Tenant hereunder are not fully performed to the extent performance thereof was due on or before such date of expiration or sooner termination or the performance of obligations of the Tenant hereunder is incomplete or unfinished, the Tenant shall remain liable hereunder to the Landlord for the extent of the damages Landlord may suffer or incur as a result of such non-performance or incomplete or unfinished performance, including fees, costs and expenses of the Landlord (including reasonable fees and expenses of attorneys and other professionals) in performing any such obligations or completing or finishing such performance and in enforcing claims hereunder; provided, however, that the Landlord shall not perform any such obligation which can be performed by the payment of a sum certain only except following the failure of the Tenant to pay such amount within five (5) Business Days following written notice from the Landlord to the Tenant of Landlord's intention to pay such amount.
(c) If the Purchase Option had not been exercised properly or Tenant had failed to close thereunder at the expiration of the Initial Term, the Tenant shall, on the last day of the Lease Term, surrender the Theatre Properties to the Landlord and pay to the Landlord the amount by which the residual value of the Theatre Improvements and the Equipment has been reduced by wear and tear in excess of that attributable to normal and proper use (the amount of such excess wear and tear to be such amount as the Landlord and the Tenant agree, or if no agreement is reached, the amount determined pursuant to the Appraisal Procedure), and all other amounts owing by the Tenant hereunder. Upon such termination, the Tenant shall have no further right, claim or interest in any Element of any Theatre Property.
(d) If the Purchase Option had not been exercised properly or Tenant had failed to close thereunder at the expiration of the Initial Term, on or prior to the last day of the Lease Term, the Tenant shall pay to the Landlord (i) all Basic Rent payable, (ii) any Additional Rent owing, (iii) any amounts payable...
Lease Expiration. Unexercised Extension Options (Y/N): -------------------------------------------------------------------------- -If Yes, # of Options/Term (i.e. 1-3 yrs): -------------------------------------------------------------------------- -Terms: --------------------------------------------------------------------------
Lease Expiration. 25.1 In the event PCS Nitrogen Fertilizer Operations, Inc. has not purchased all Property and Equipment under this Lease pursuant to the Purchase Option and the Lessee desires to terminate this Lease with respect to such Property and Equipment, the Lessee shall provide notice to Lessor of such intention at least five (5) months prior to the expiration of the Lease Term.
25.2 In the event (x) the Lessee provides the termination notice contemplated in paragraph (a) above or (y) the circumstances referred to in the last sentence of paragraph (d) of Section 12 shall be applicable, the Lessee hereby covenants to the Lessor (the "Expiration Covenants") as follows: (A) on the Lease Termination Date, (i) no Event of Default or Potential Default shall have occurred and be continuing, (ii) no Parcel of Property shall be undergoing any repairs, additions or alterations that would have a material adverse effect on the fair market value of such Parcel of Property, (iii) each Parcel of Property and Unit of Equipment shall be in compliance with all Legal Requirements, except any Legal Requirements, the non-compliance with which, individually or in the aggregate, (1) will not place either the Lessor or any Assignee in any danger of any monetary civil liability for which the Lessor or any Assignee is not adequately indemnified (the Lessee's obligations under Section 11 of this Lease shall be deemed to be adequate indemnification if no Event of Default exists) or any other material civil liability or penalty or subject the Lessor or any Assignee to any criminal liability as a result of a failure to comply therewith and (2) will not result in a material diminution in the value of any Property or Equipment or in any material risk of the loss, sale or forfeiture or loss of use of any thereof, (B) five (5) months prior to the Lease Termination Date, the Lessee shall at its expense deliver to the Lessor an environmental audit satisfactory in form and substance to the Lessor in its reasonable discretion, the conclusion of which shall be satisfactory to the Lessor in its reasonable discretion, and prepared by an independent environmental consultant or engineer satisfactory to the Lessor in its reasonable discretion, addressing the environmental hazards or liabilities associated with any Parcel of Property or Unit of Equipment under this Lease and (C) on or prior to the Lease Termination Date, the Lessee shall deliver to the Lessor a report of an independent engineer (selected by t...
Lease Expiration. Occupancy is deemed to be concurrent with Lease Term unless Owner is notified by Resident in writing of Resident’s early vacation. Resident understands that this Lease expires at NOON on the last day of the Lease Term. Premises must be vacated, and the checkout appointment completed with all keys, garage door transmitters, parking tags and laundry cards returned to the Owner at this time. Resident must provide Owner with a forwarding address. Failure to vacate the Premises in timely fashion shall, by Wisconsin law, result in a minimum charge to the Resident, pro-rated daily, of double the daily rent, plus actual costs incurred by Owner to temporarily house or relocate other displaced resident(s), as a result of Resident’s holding over . This charge may be waived only with the prior written approval of Owner.
Lease Expiration. In the event the term of any real property lease included in the Leased Property expires after the Effective Time and prior to the earlier of the closing of the Option or the termination of this Lease, Lessee, at Lessee's cost and expense, agrees to use all reasonable commercial efforts to extend or renew such lease (or obtain a replacement lease) on terms and conditions substantially similar to the currently existing terms and conditions of such lease; provided that, Lessee shall not be obligated to extend, renew or replace any real property lease that is not necessary for Lessee to comply with Lessee's obligations under Article 16. Any such extended, renewed or new real property lease which is on terms and conditions substantially similar to the currently existing terms and conditions of such lease (or which is approved by Lessor) shall be considered to be part of the Leased Property. Any such extended, renewed or new real property lease which is not on terms and conditions substantially similar to the currently existing terms and conditions of such lease and is not approved by Lessor shall not be considered to be part of the Leased Property; provided, however, Lessor shall have the option, exercisable within 30 days after the termination of this Lease (other than by reason of the closing of the Option), to elect to cause such extended, renewed or new lease to be deemed to have been part of the Leased Property. Lessee assumes all risk of acquiring any extension, renewal or replacement of a real or personal property lease that expires after the Effective Time and, notwithstanding any other provision of this Lease, Lessor shall not have any liability to Lessee if Lessee is unable to acquire an extension, renewal or replacement of any such expired real or personal property lease on similar or reasonable terms.
Lease Expiration. Written notice of your intention to renew or vacate your apartment must be received one hundred and twenty days (120) in advance of the lease end date. If you choose to renew your lease, a lease renewal addendum form or new lease must be signed 120 days before your lease end date. If a new lease or lease renewal addendum is not signed prior to the end of your lease term, your tenancy will end on the last day noted on your original lease form. No notice to quit is necessary to seek possession if you do not move after your lease term.
Lease Expiration. In the event an oil, Gas and/or mineral lease or other type of interest pursuant to which Supplier derives its Interest in all or portions of the Dedicated Acreage and/or Dedicated Wxxxx should terminate before the expiration of this Agreement, then this Agreement shall be canceled contemporaneously with such termination, but only as to the lands and wxxxx which were subject to said lease or
