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LEASE RENEWAL Sample Clauses

LEASE RENEWAL. (a) Provided that no Event of Default has occurred and is continuing as at the date of such request, if the Lessee shall, not earlier than 450 days and not later than one year prior to the last day of the Initial Term, request in writing that the Lessor obtain bank borrowings on terms acceptable to it and the Lessee in order to finance the Lessor's ownership of the Property and Equipment during the Renewal Term, the Lessor shall make reasonable efforts to arrange for bank commitments to provide such financing. (b) The Lessor will advise the Lessee and PCS Nitrogen Fertilizer Operations, Inc. in writing not later than 300 days prior to the last day of the Initial Term as to whether it has been able to obtain bank commitments on terms and conditions acceptable to it to finance the Property and Equipment for the period of Renewal Term. In such notice, the Lessor shall identify such terms and conditions. In order to renew the lease of the Property and Equipment for the Renewal Term, the Lessee must notify the Lessor in writing within thirty (30) days of its receipt of the foregoing notice of the Lessor, indicating (i) whether the terms and conditions of such financing are acceptable to it and (ii) whether, if PCS Nitrogen Fertilizer Operations, Inc. does not exercise its Purchase Option or, having exercised such option, PCS Nitrogen Fertilizer Operations, Inc. fails to effect the purchase contemplated thereby, the Lessee agrees to lease the Property and Equipment for the Renewal Term. The notice of the Lessee contemplated by the preceding sentence shall be irrevocable. (c) The lease of the Property and Equipment shall not be renewed for the Renewal Term if (i) the Lessor shall not obtain bank commitments to finance the Property and Equipment on terms and conditions acceptable to it and the Lessee, (ii) the Lessee shall not give the notice of renewal set forth in paragraph (b) above, (iii) PCS Nitrogen Fertilizer Operations, Inc. shall purchase the Property and Equipment pursuant to the exercise of the Purchase Option or (iv) the Lessor and the Lessee shall not have agreed on the Lease Termination Amount for the Renewal Term. (d) The Lessor shall schedule the closing of the financing contemplated by the bank commitments on or before the date which is six (6) months prior to the end of the Initial Term. The Lessor shall notify the Lessee in writing promptly of the closing of such financing or that such financing shall have failed to close on such scheduled date....
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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.
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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.
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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) Xxxxxx 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.
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LEASE RENEWAL. The UNIVERSITY is not required to renew this Lease Agreement or to allow the LESSEE to continue to occupy the apartment beyond the end of the lease term. If the LESSEE wishes to continue to occupy the apartment, they shall respond to the UNIVERSITY’s offer for a lease renewal in the affirmative and comply with the UNIVERSITY’s instruction for renewal. Lessees who were delinquent in rent three (3) or more times within the lease year may be ineligible for lease renewal.
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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.
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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.
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LEASE RENEWAL. When one or more tenants choose to sign the lease for another year, the lease is renewed and 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.
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LEASE RENEWAL. No Lease shall be automatically renewed. ALL Lessees must sign a new Lease with updated personal information. Failure to do so will result in the property being listed for rent to other perspective tenants. Security deposit can be transferred with Lessor’s approval to new Lease.
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