Lease Pull Ahead Clause Samples

A Lease Pull Ahead clause allows a tenant to terminate their current lease before its scheduled end date, typically to enter into a new lease agreement with the same landlord or property management company. In practice, this clause may permit tenants to end their existing lease without penalty if they sign a new lease for a different unit or property managed by the same entity, often under certain conditions such as a minimum notice period or a new lease term of equal or greater length. The core function of this clause is to provide flexibility for tenants whose housing needs change, while also helping landlords retain tenants within their portfolio.
Lease Pull Ahead. Pricing for lease pull-ahead products will be determined in accordance with Section 3.11.
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Lease Pull Ahead. GM will pay GMAC any amounts owed in connection with GM’s lease pull ahead program in accordance with Section 3.9.
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Related to Lease Pull Ahead

  • Lease Period The lease period of the Finance Lease Agreement II is 36 months, which commenced on April 21, 2023. The lease period of the Finance Lease Agreement III is 36 months, which commenced on September 22, 2023. The lease period of the Finance Lease Agreement IV is 36 months, which commenced on November 30, 2023. The lease period of the Finance Lease Agreement V is 36 months, which commenced on February 27, 2024. The lease period of the Finance Lease Agreement VI is 36 months, which shall commence on April 17, 2024.

  • Lease Commencement Date The earlier to occur of (i) the date upon which Tenant first commences to conduct business in the Premises, and (ii) the later to occur of (A) November 1, 2018 and (B) the date upon which the Premises are Ready for Occupancy (as that term is defined in Section 5.1 of the Tenant Work Letter attached hereto as Exhibit B (the “Tenant Work Letter”)).

  • Operating Lease (i) Each Borrower shall (a) promptly perform and observe all of the covenants required to be performed and observed by it under the Operating Leases and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (b) promptly notify Lender of any material default under any Operating Lease of which it is aware; (c) promptly deliver to Lender a copy of any notice of default or other material notice under any Operating Lease delivered to any Operating Lessee by Borrower; (d) promptly give notice to Lender of any notice or information that Borrower receives which indicates that an Operating Lessee is terminating its Operating Lease or that any Operating Lessee is otherwise discontinuing its operation of the applicable Individual Property; and (e) promptly enforce the performance and observance of all of the material covenants required to be performed and observed by the Operating Lessee under the applicable Operating Lease. (ii) If at any time, (A) an Operating Lessee shall become insolvent or a debtor in a bankruptcy proceeding or (B) Lender or its designee has taken title to an Individual Property by foreclosure or deed in lieu of foreclosure, has become a mortgagee-in-possession, has appointed a receiver with respect to the applicable Individual Property or has otherwise taken title to such Individual Property, Lender shall have the absolute right to (and Borrower and Operating Lessee shall reasonably cooperate and not in any way hinder, delay or otherwise interfere with Lender’s right to), immediately terminate the applicable Operating Lease under and in accordance with the terms of the applicable Subordination, Attornment and Security Agreement. (iii) Borrower shall not, without the prior written consent of Lender, which consent shall not be unreasonably withheld: (a) surrender, terminate or cancel any Operating Lease or otherwise replace any Operating Lessee or enter into any other operating lease with respect to any Individual Property, provided, however, at the end of the term of each Operating Lease, the applicable Borrower may renew such Operating Lease or enter into a replacement Operating Lease with Operating Lessee on substantially the same terms as the expiring Operating Lease except that Lender shall have the right to approve any material change thereto; (b) reduce or consent to the reduction of the term of any Operating Lease; or (c) enter into, renew, amend, modify, waive any provisions of, reduce Rents under, or shorten the term of any Operating Lease.

  • Floor Load Tenant shall not place a load upon any floor of the Premises that exceeds 50 pounds per square foot “live load”. Landlord reserves the right to reasonably designate the position of all Equipment which Tenant wishes to place within the Premises, and to place limitations on the weight thereof.

  • 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.