Length of tenure. The term of this lease shall be from ___________ ____, 20_____, to _______________, 20 , and the Lessee shall surrender possession at the end of this term or at the end of any extension thereof. Extensions must be in writing and attached to this lease, and both parties agree that failure to execute an extension at least months before the end of the current term shall be constructive notice of intent to allow the lease to expire.
Length of tenure. Licence agreements will be for a standard period of three years, with options to extend for a further one or two periods of three years (3x3 or 3x3x3). This will depend on the duration of the partnership program and/or extent of capital contribution.
Length of tenure. Length of tenure will be negotiated taking into account the particular circumstances of the facility and tenant, including capital investment and long term planning, and the intended use of the facility in line with the vision and goals of the Council Plan and Leisure Strategy. Length of tenure will be guided by the following principles: • The preferred lease term will be five years. Terms longer than five years may be offered where a prospective tenant invests or has invested significantly in a fixed asset (such as a building or playing surface) and/or assumes a portion of maintenance of the asset. The term offered will be calculated with reference to the projected asset life and the capital contribution by the tenant. • Options to extend will be broken into periods of no longer than five years with options for the tenant to review on the same terms and conditions dependent on meeting community benefit criteria and continued demand for the activity and service. • Terms up to ten years or longer may be offered for categories of tenants who do not meet these criteria but who are identified by Council from time to time as requiring long term planning certainty.
Length of tenure. The term of this lease shall be for the Crop Year, specifically from , 20 , to , 20 . Xxxxxx shall surrender possession at the end of this term or of any extension. Extensions must be in writing and attached to. and/refer to, this lease.
Length of tenure. Operator agrees that this Agreement is purely a contractual license to use the Property for conservation purposes for the length of the CRP contract, beginning and terminating on . To the extent permitted by the law, Owner may terminate this Agreement at any time and for any reason by giving thirty (30) days notice in writing to that effect to Operator. In the event of any termination by Owner, it is agreed that Owner shall reimburse Operator for incurred costs related to the CRP contract. Operator must provide a copy of the invoice(s) for incurred costs. Other than reimbursement for incurred costs as provided in this contract, Operator hereby waives its rights to request or seek any other monetary amount from Owner the event the Agreement granted herein is terminated. The Agreement grants only a contractual license to work on the Property under the terms and conditions stated herein. Further, the rights granted by Owner herein shall vest only in Operator and no such rights shall vest in any in Operator’s employees, agents, subcontractors or partners, if any. Nothing in this Agreement shall be construed to convey to Operator any legal or equitable interest or estate in the Property. SECTION IV CRP PROCEEDS Operator will receive 100% of the CRP soil rental rate. These payments will be made by the USDA via direct deposit.
