LEASE RENEWAL Sample Clauses
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LEASE RENEWAL. (a) Subject to the notice requirements set forth in Section 13(a), at the end of the Basic Lease Term, provided that no Default or Event of Default shall have occurred and be continuing, no Event of Loss or Deemed Loss Event shall have occurred in respect of which the Lessor has demanded payment under Section 9(c) or 9(d), as the case may be, or in response to which a Special Transfer has been effected, and all Notes shall have been paid in full, the Lessee shall have the option to renew the term of this Facility Lease for a single period of a number of years (not less than two) selected by the Lessee (such renewal period or such shorter period as shall extend to the expiration of the Facility Lease being herein referred to as the “Fixed Rate Renewal Term”); provided, however, that the Lessee, at the time of the exercise of its renewal option as provided in this subsection (a), shall have furnished an appraisal of an independant appraiser as to the useful life of Unit 1, which appraiser and appraisal shall be reasonably satisfactory to the Lessor, and which appraisal shall indicate that at the end of the proposed Fixed Rate Renewal Term the residual value of the Undivided Interest will be equal to at least 20% of Facility Cost for the Undivided Interest (without taking into account inflation or deflation that has occurred or will have occurred from the Closing Date to the end of the proposed Fixed Rate Renewal Term), and that the proposed Fixed Rate Renewal Term does not extend the Lease Term beyond 80% of the economic useful life of Unit 1 as established by such appraisal.
(b) Subject to the notice requirements set forth in Section 13(a), at the end of the Basic Lease Term or any Renewal Term, provided that no Default or Event of Default shall have occurred and be continuing, no Event of Loss or Deemed Loss Event shall have occurred in respect of which the Lessor has demanded payment under Section 9(c) or 9(d), as the case may be, or in response to which a Special Transfer has been effected, and all the Notes have been paid in full, the Lessee shall have the option to renew the term of this Facility Lease for one or more periods of three years or such shorter period as shall extend to the expiration of the License (each such renewal period being herein referred to as a “Fair Market Renewal Term”).
LEASE RENEWAL. This Lease does not automatically renew and this Lease automatically terminates on the Lease Termination Date. Lessee may be given an opportunity to sign a new or renewal Lease for another Lease Term and remain in the Premises. If Lessee does not sign a new or renewal Lease, UTA may lease the Premises to another Lessee. In the event Lessee holds over beyond the expiration or sooner termination of this Lease, holdover penalties shall apply in accordance with the Terms and Conditions.
LEASE RENEWAL. OWNER shall pay AGENT a Lease Renewal Fee as indicated on Schedule B for each negotiation and renewal of an existing lease. If OWNER wants AGENT to refrain from performing a lease renewal, OWNER must notify AGENT in writing at least 120 days prior to the lease expiration.
LEASE RENEWAL. Landlord may offer Tenant in good standing an opportunity to continue occupancy of the premises by entering into a new lease agreement as early as November first for August leases:
1) ▇▇▇▇▇▇ agrees that the security deposit guaranteeing this Lease shall be held by Landlord as security for any lease signed as a renewal; and
2) All persons listed on new Lease as Tenant hereby accept the premises are in satisfactory condition as renewed.
LEASE RENEWAL. Renewal of this agreement is at the UNIVERSITY’S sole discretion. Eligibility for renewal is contingent upon evidence of continuing status as a regularly enrolled full-time student for the forthcoming academic year and satisfactory payment history. For all other eligible Residents, space availability will be a factor and priority will be given to Residents with children. No later than 60 days prior to the expiration date of this lease agreement, RESIDENT must submit a written request to renew the lease agreement and verify eligibility for continued residency. Residents approved for lease renewal must execute a new lease agreement no later than the date stipulated by the UNIVERSITY. Failure to execute a new lease agreement shall be deemed evidence of intent not to renew.
LEASE RENEWAL. When one or more tenants choose to sign the lease for the same premises for another year, the lease is considered "renewed" and occupancy continues, without interruption, for a consecutive 12-month term. Before a lease may be renewed, the incoming and outgoing residents must all sign a Lease Renewal Agreement, agreeing to the following conditions: Rent may increase for the new lease term and will be noted on the new lease. If the rent increases, the tenants will pay the additional damage deposit when the new lease is signed. The prior lease damage deposit is carried over to the new lease. (Damage deposit is equal to one month’s rent.) CBS does not refund individual portions of the damage deposit to those Residents who do not renew the lease. Because the lease is a renewal, CBS does not conduct a move-out inspection, or clean/refurbish the premises before the new Residents move in. The incoming and outgoing residents assume all responsibility for working out a fair exchange of damage deposit. Similarly, the incoming and outgoing Residents should also agree on how the property will be left for the incoming Residents regarding cleaning, damages, etc. Any account balance due at the end of the first lease term carries over to the next lease term and all Residents listed on the new lease are responsible for the balance. The move-in inspection (condition) report on file will be used to determine any damages at lease termination. Unless prior arrangements have been made, all monies must be paid before Move-In. The money you paid when you signed your lease was NOT the first month’s rent. To avoid a Late Fee, check your lease to see when your first rent installment is due.
LEASE RENEWAL. Each time a tenant in the Property renews or extends a lease, Owner will pay Broker a renewal fee of $250, due, and payable at the time the lease is executed.
LEASE RENEWAL. Lessees shall have a right to apply for a renewal subject and the Lessor shall have the right to accept or deny such application at the Lessor’s sole discretion. Application of renewal shall be given in writing 60 days prior to termination of this lease.
LEASE RENEWAL. The UNIVERSITY is not required to renew this Lease or to allow the LESSEE to continue to occupy the premises beyond the end of the lease term. If the LESSEE wishes to continue to occupy the premises, they shall respond to the UNIVERSITY’s offer for a lease renewal in the affirmative and comply with the UNVERSITY’s instruction for renewal. LESSEEs delinquent in rent three (3) or more times within the lease year may be ineligible for lease renewal.
LEASE RENEWAL. 30 Section 15.1. Wintergreen Renewal Lease Term....................... 30 Section 15.2. Fair Market Value Renewal Lease Terms................ 30 Section 15.3. Renewal Lease Rent for the Renewal Lease Term........ 31 Section 15.4. Determination of Fair Market Rental Value............ 31 Section 15.5. Termination Value During Renewal Lease Terms......... 32