Lease Provision Clause Samples
A Lease Provision is a specific section within a lease agreement that outlines the rights, responsibilities, and obligations of the landlord and tenant regarding the use and management of the leased property. These provisions can address topics such as rent payment schedules, maintenance duties, permitted uses of the premises, and procedures for resolving disputes. For example, a lease provision might specify who is responsible for repairs or how rent increases are handled. The core function of a lease provision is to ensure clarity and prevent misunderstandings by clearly defining the terms and expectations for both parties throughout the duration of the lease.
Lease Provision. The Rent shall be paid so that this Lease shall yield to Lessor the full amount of the installments of Percentage Rent and Additional Charges throughout the Term, all as more fully set forth in Article V, but subject to any other provisions of this Lease that expressly provide for adjustment of Rent or other charges or expressly provide that certain expenses or maintenance shall be paid or performed by Lessor.
Lease Provision. AGAINST ASSIGNMENT, MORTGAGE, OR SUBLET BY TENANT WITHOUT LANDLORD'S PERMISSION, LANDLORD'S RIGHT OF RECAPTURE
Section 9.01. Tenant covenants and agrees for Tenant and its successors, assigns, and legal representatives, that neither this Lease nor the term and estate hereby granted, nor any part hereof or thereof, will be assigned, mortgaged, pledged, encumbered or otherwise transferred (whether voluntarily, involuntarily, by operation of law, or otherwise), and that neither the Demised Premises, nor any part thereof, will be encumbered in any manner by reason of any act or omission on the part of Tenant, or will be used or occupied, or permitted to be used or occupied, or utilized for desk space or for mailing privileges or as a concession, by anyone other than Tenant, or for any purpose other than as hereinbefore set forth, or will be sublet, without the prior written consent of Landlord in every case; provided, however, that, if Tenant is a corporation, the assignment or transfer of this Lease, and the term and estate hereby granted, to any corporation into which Tenant is merged or consolidated or to which its assets are sold (such corporation being hereinafter in this Article called "Assignee") without the prior written consent of Landlord shall not be deemed to be prohibited hereby if, and upon the express condi- tion that, Assignee shall promptly execute, acknowledge, and deliver to Landlord an agreement in form and substance satis- factory to Landlord whereby Assignee shall assume and agree to perform and to be personally bound by and upon, all the covenants, agreements, terms, provisions, and conditions set forth in this Lease on the part of Tenant to be performed, and whereby Assignee shall expressly agree that the provisions of this Article shall, notwithstanding such assignment or transfer, continue to be binding upon it with respect to all future assignments and transfers and provided such Assignee shall prove to the satisfaction of Landlord that its net worth is at least equal to that of Tenant as of the date hereof.
Section 9.02. Subject to Section 9.01 hereof, which shall take precedence over the provisions hereof, in the event Tenant desires Landlord's consent to an assignment or subletting of all or any part of the Demised Premises, Tenant, by notice in writing, (a) shall notify Landlord of the name of the proposed assignee or subtenant, such information as to the proposed assignee's or sub- tenant's financial responsibility and standing ...
Lease Provision. Borrower hereby covenants and agrees that Borrower will at all times fully perform and comply with all agreements, covenants, terms and conditions required to be performed or complied with by it under the Leases. Borrower further covenants and agrees that any default by Borrower under the Leases shall be an Event of Default under this Security Instrument. Borrower shall promptly pay and perform and observe all of the terms, covenants and conditions required to be performed and observed by Borrower under the Leases within the stated opportunity to cure periods provided in the Leases, or such lesser opportunity to cure periods as are provided in this Security Instrument, and shall do all things necessary to preserve and to keep unimpaired Borrower's rights under the Leases. If Borrower shall fail to make any payment required to be paid by Borrower under the Leases at the time or in the manner provided in the Leases, or if Borrower shall fail to perform or observe any other term, covenant or condition required to be performed or observed by Borrower under the Leases, without limiting the generality of any other provision of this Security Instrument and without releasing Borrower from any of its obligations under this Security Instrument, Lender shall have the right, but not the obligation, to pay any such payment, and may take such action as may be appropriate to cause such other term, covenant or condition to be promptly performed or observed on behalf of Borrower, to the end that Borrower's rights under the Leases shall be kept unimpaired from default, and Borrower shall permit Lender to enter upon the Property with or without notice and to do anything which Lender shall deem necessary or prudent for such purpose. Borrower shall
(i) promptly notify Lender in writing of any default by Borrower under the Leases, or of the receipt by Borrower of any notice (other than notices customarily sent on a regular periodic basis) from the lessor(s) under the Leases, including, without limitation, any notice claiming any default by Borrower in the performance or observance of any of the terms, covenants or conditions to be performed or observed by Borrower under the Leases; (ii) promptly notify Lender in writing of the receipt by Borrower of any notice from the lessor(s) under the Leases of termination of the Lease pursuant to any provision of the Leases; and (iii) promptly cause a copy of each such notice received by Borrower to be delivered to Lender. Borrower shall n...
Lease Provision. 15 3.5 Addition or Deletion of Food or Beverage Services........................... 15 3.6
Lease Provision. 17 Section 3.05 Addition or Deletion of Food or Beverage Services....................................... 17 Section 3.06 Change in Franchise Affiliation......................................................... 17 Section 3.07 Change in Scope of Work................................................................. 17 Section 3.08
Lease Provision. 24 ARTICLE 5 -
Lease Provision. In the event of any conflict between any Fundamental Lease Provision and the balance of the Lease, the former shall control.