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.
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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 ...
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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...
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Lease Provision. 15 3.5 Addition or Deletion of Food or Beverage Services........................... 15 3.6
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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
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Lease Provision. 24 ARTICLE 5 -
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Lease Provision. In the event of any conflict between any Fundamental Lease Provision and the balance of the Lease, the former shall control.
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Related to Lease Provision

  • Lease Provisions (a) No later than four (4) months prior to the date rehabilitation of the Development is projected to be complete, Borrower shall submit to the County for approval Borrower’s proposed form of lease agreement for the County's review and approval. When leasing Units within the Development, Borrower shall use the form of lease approved by the County. Borrower may not permit the lease to contain any provision that is prohibited by 24 C.F.R. Section 92.253(b) and any amendments thereto. Borrower’s form of lease must include any provisions necessary to comply with the requirements of the Violence Against Women Reauthorization Act of 2013 (Pub. L. 113–4, 127 Stat. 54) applicable to HUD-funded programs. The form of lease must comply with all requirements of this HOME Regulatory Agreement, the other Loan Documents and must, among other matters: (1) provide for termination of the lease for failure to: (i) provide any information required under this HOME Regulatory Agreement or reasonably requested by Borrower to establish or recertify the Tenant's qualification, or the qualification of the Tenant's household, for occupancy in the Development in accordance with the standards set forth in this HOME Regulatory Agreement, or (ii) qualify as a Very Low Income Household as a result of any material misrepresentation made by such Tenant with respect to the income computation; (2) be for an initial term of not less than one (1) year, unless by mutual agreement between the Tenant and Borrower, and provide for no increase in Rent during such year. After the initial year of tenancy, the lease may be month-to-month by mutual agreement of Borrower and the Tenant. Notwithstanding the above, any rent increases are subject to the requirements of Section 2.3 above; and (3) include a provision that requires a Tenant who is residing in a Unit required to be accessible pursuant to Section 3.9(b) of the Loan Agreement, and who is not in need of an accessible Unit to move to a non-accessible Unit when a non-accessible Unit becomes available and another Tenant or prospective Tenant is in need of an accessible Unit. (b) During the HOME Term, Borrower shall comply with the Marking Plan and Tenant Selection Plan approved by the County.

  • BASIC LEASE PROVISIONS Each reference in this Lease to the “

  • Release Provisions The provisions of Schedule B(1) are incorporated into and form part of this Agreement.

  • RECAPTURE PROVISION In the event the ORGANIZATION fails to expend these funds in accordance with state law and/or the provisions of this Agreement, the COUNTY reserves the right to recapture funds in an amount equivalent to the extent of noncompliance. Such right of recapture shall exist for a period of two (2) years following release of any report from an audit conducted by the COUNTY and/or the State Auditor’s Office under the Section 4 (EVALUATION AND MONITORING) provisions or the 3-year records retention period required under Section 4 (EVALUATION AND MONITORING), whichever occurs later. Repayment by the ORGANIZATION of any funds recaptured under this provision shall occur within twenty (20) days of any demand. In the event the COUNTY is required to institute legal proceedings to enforce this recapture provision, the COUNTY shall be entitled to its costs thereof, including reasonable attorney’s fees.

  • EXPENSE PROVISION Until this agreement shall be amended or terminated pursuant to Section 2 or Section 5 hereof, the Manager agrees, with respect to Class K6, to pay or provide for the payment of any fee or expense allocated at the class level and attributable to Class K6 and waive a portion of the management fee payable by such class, such that the ordinary operating expenses incurred by Class K6 in any fiscal year (excluding (i) taxes; (ii) the fees and expenses of all Trustees of the Trust who are not “interested persons” of the Trust or of the Adviser; (iii) interest expenses with respect to borrowings by the Fund; (iv) Rule 12b-1 fees, if any; (v) expenses of printing and mailing proxy materials to shareholders of the Fund; (vi) all other expenses incidental to holding meetings of the Fund’s shareholders, including proxy solicitations therefor; and (vii) such non-recurring and/or extraordinary expenses as may arise, including actions, suits or proceedings to which the Fund is or is threatened to be a party and the legal obligation that the Fund may have to indemnify the Trust’s Trustees and officers with respect thereto) as well as non-operating expenses such as brokerage commissions and fees and expenses associated with the Fund’s securities lending program, if applicable, will not exceed the annual rate set forth in Schedule A of the average daily net assets of the class (computed in the manner set forth in the Trust’s Trust Instrument) throughout the month. For avoidance of doubt, it is understood that this agreement shall not apply to any other class other than Class K6 of the Fund.