New Lease Agreement Sample Clauses
New Lease Agreement. If this Agreement terminates before the expiration of the Term for any reason (including, but not limited to, the occurrence of a default or breach by StadCo, the rejection of this Agreement in any bankruptcy, composition, insolvency, reorganization or similar proceeding, whether voluntary or involuntary, under Title 11, United States Code or any other or successor federal or state bankruptcy, insolvency, reorganization, moratorium or similar law for the release of debtors, including any assignment for the benefit of creditors and any adversary proceeding, proceedings for the appointment of a receiver or trustee or similar proceeding, or the failure by any Leasehold Mortgagee to timely exercise its cure rights hereunder), excepting only a termination because of a Casualty or a Condemnation affecting the Premises, then (in addition to any other or previous Notice that this Agreement requires the Authority to give to a Leasehold Mortgagee) the Authority shall, within ten (10) Business Days following the occurrence of such termination, give Notice to all Leasehold Mortgagees of such termination. Within the sixty (60) day period following each Leasehold Mortgagee’s receipt of notice of termination or election to terminate or acquire possession, each Leasehold Mortgagee shall have the right to elect to enter into, or have its nominee enter into, a new lease agreement for the Premises for a term equal to the unexpired portion of the Term and on the same terms and conditions as this Agreement. In the event that any Leasehold Mortgagee elects to enter into a new lease agreement, the new lease agreement shall run in favor of Leasehold Mortgagee or its nominee, have a term equal to the unexpired portion of the Term and shall be on the same terms and conditions as this Agreement; provided, however, that such Leasehold Mortgagee, or its nominee, as applicable, shall cure any past due monetary obligations of StadCo under this Agreement. The Authority shall tender the new lease agreement to such Leasehold Mortgagee, or its nominee, as applicable, within ten (10) days after such Leasehold Mortgagee’s request for the lease agreement and shall deliver possession of the Premises to such Leasehold Mortgagee or its designee immediately upon execution of the new lease agreement. Any such new lease agreement shall have the same priority as this Agreement with respect to liens and encumbrances on the Premises. All rights of any Leasehold Mortgagee, and all obligations of the Aut...
New Lease Agreement. Right of first Refusal.
(1) Providing that Lessor's FCC license remains in good standing and/or Lessorseeks to renew such license, Lessee and Lessor shall negotiate in good faith for a new excess capacity airtime lease agreement (hereinafter referred to as "New Lease Agreement") no later than one hundred eighty days (180) prior to the end of the latter of (i) Initial Term or (ii) the Renewal Term if the Agreement is extended for the Renewal Term.
New Lease Agreement. Subject to Tenant’s eligibility under Section 1 and the consent of Landlord, which may be withheld for any lawful reason, a Tenant may apply for a new Lease Agreement upon the expiration of this Agreement. A Tenant who wishes to enter into a new Lease Agreement must execute a new Lease Agreement for the following academic year on or before June 30 of each year. Notwithstanding Xxxxxx’s execution of a new Lease Agreement, this Agreement expires at the end of the Lease Term.
New Lease Agreement. White Pass and the MOS would enter into a new lease that would relate to the period after the 1968 Lease term:
A. The term of the new lease will be for fifteen (15) years, beginning on March 19, 2023, and ending on March 19, 2038.
B. The leased premises would be the Ore Dock area and the Broadway Dock area. The tidelands area to be covered by the new lease shall be only the land directly beneath the existing Ore and Broadway docks and any current and future improvements located directly above the leased tidelands.
C. The annual lease payments shall increase by 3.5% annually as follows: 2023: $250,000 2024: $258,750 2025: $267,806.25 2026: $277,179.47 2027: $286,880.75 2028: $296,921.58 2029: $307,313.83 2030: $318,069.82 2031: $329,202.26 2032: $340,724.34 2033: $352,649.69 2034: $364,992.43 2035: $377,767.16 2036: $390,989.02 2037: $404,673.63 2038: $418,837.21 TOTAL: $5,242,757.44 The Municipality shall have the right to have the leased tidelands re-appraised in accordance with SMC 16, and if that re-appraisal results in a rental rate under Title 16 more favorable to the Municipality than the above rental amounts, the new rental rate will be immediately implemented upon January 1 of the year immediately following the re- appraisal and shall continue to be the base rate for the subsequent years, and for any future re-appraisals under Title 16.
D. An equal partnership between the Municipality and White Pass shall operate the cruise terminal through the term of the new lease. The “Cruise Terminal Operator” is an entity that manages the cruise ship traffic to the Port of Skagway. Duties include making determinations on scheduling, berthing, and all cruise-related maritime operations. The Municipality has the right to further define the duties, responsibilities, and rights of the “Cruise Terminal Operator” by ordinance or code amendment. The Cruise Terminal Operator cannot inflate fees, discriminate against, or unduly deny ships from an open berth.
E. The new lease shall provide that the Municipality will reimburse White Pass, with Assembly approval of capital improvements, unless a new lease is negotiated on or before 2038, for capital (other than maintenance or repair) improvements according to the following schedule: Before: no reimbursement 2029: 10% 2030: 20% 2031: 30% 2032: 40% 2033: 50% 2034: 60% 2035 70% 2036: 80% 2037: 90% 2038: 100% The new lease will contain a provision that defines “capital i...
New Lease Agreement. If the Lease Agreement is terminated for any reason before the end of its term, then the Landlord will, upon written request from the Agent made within 30 days of receiving notice from the Landlord of such termination, enter into a new lease agreement of the Leased Premises with the Agent. The new lease agreement will be on the same terms and conditions as the Lease Agreement (including, without limitation, any rights or options to renew or extend the terms of the lease agreement or acquire the Leased Premises) and will have the same priority as the Lease Agreement. The Landlord’s obligation to enter into such a new lease agreement will be subject to the Agent, on behalf of and upon prior funding and indemnity by the Secured Parties, will (a) have cured all monetary defaults (other than any accelerated rents) and commenced, and diligently prosecuted, the cure for all reasonably curable non-monetary defaults; and (b) reimburse the Landlord for all reasonable and documented costs and expenses incurred in connection with entering into such new lease agreement.
New Lease Agreement. White Pass and the MOS would enter into a new lease that would relate to the period after the 1968 Lease term:
A. The term of the new lease will be for fifteen (15) years, beginning on March 19, 2023, and ending on March 19, 2038.
B. The leased premises would be the Ore Dock area and the Broadway Dock area. The tidelands area to be covered by the new lease shall be only the land directly beneath the existing Ore and Broadway docks and any current and future improvements located above the leased tidelands.
C. The annual lease payments shall increase by 3.5% annually as follows: • 2023: $250,000 • 2024: $258,750 • 2025: $267,806.25 • 2026: $277,179.47 • 2027: $286,880.75 • 2028: $296,921.58 • 2029: $307,313.83 • 2030: $318,069.82 • 2031: $329,202.26 • 2032: $340,724.34 • 2033: $352,649.69 • 2034: $364,992.43 • 2035: $377,767.16 • 2036: $390,989.02 • 2037: $404,673.63 • 2038: $418,837.21 • TOTAL: $5,242,757.44 X. Xxxxx Pass shall operate the cruise terminal through the term of the new lease. The “Cruise Terminal Operator” is an entity that manages the cruise ship traffic to the Port of Skagway. Duties include making determinations on scheduling, berthing, and all cruise-related maritime operations.
E. The new lease shall provide that the Municipality will reimburse White Pass, with Assembly approval of capital improvements, unless a new lease is negotiated on or before 2038, for capital (other than maintenance or repair) improvements according to the following schedule: • Before: no reimbursement • 2029: 10% • 2030: 20% • 2031: 30% • 2032: 40% • 2033: 50% • 2034: 60% • 2035 70% • 2036: 80% • 2037: 90% • 2038: 100% The new lease will contain a provision that defines “capital improvement” mutually agreed upon by the Municipality and White Pass. At the end of the lease term in 2038, the Municipality receives all tidelands assets, including the Ore and Broadway docks in their improved states.
F. The new lease will include a provision that the Municipality will grant easements to White Pass for all areas to conduct business as currently conducted by White Pass without additional payments for those easements. White Pass will allow the Municipality access to the leased premises to conduct inspections for the purpose of achieving remediation addressed in the Environmental Remediation section of the lease amendment. White Pass and the Municipality agree to consider changes in easements that help to facilitate commercial or industrial advancement that does not interfer...
New Lease Agreement. Purchaser shall have received: (i) the executed and delivered New Lease specified in Section 8(f) of this Agreement, and (ii) the consent of the Bureau of Indian Affairs to the New Lease specified in Section 8(f) of this Agreement.
New Lease Agreement. A summary of the salient terms of the New Lease Agreement is set out below. Date: 31 March 2023 Parties: 1. Fengtai Co, as the lessor 2. PRC Subsidiary, as the lessee Premises: Levels one and two of Block V of the factory building situated at 00 Xxxxxxxx Xxxx, Xxx Xxxxxx Xxxxxxx, Xxxxxx Xxxx, Xxxxxxxx Xxxx, Xxxxxxxxx Xxxxxxxx, the PRC (廣東省東莞市大朗鎮新馬蓮村蓮盈路00號之V幢廠房㇐樓及二樓) with an aggregate gross floor area of 10,350 square meters (the “Premises”).
New Lease Agreement. At or prior to the Closing, the Company and HIC shall have entered into a new lease agreement for the facility owned by HIC located at 7455 Xxxxxx, Xxxxxxx, Xxxxx, xxich lease agreement shall be in substantially the form set forth on Exhibit 6.13 attached hereto.
New Lease Agreement. 4.1 As soon as possible after the execution of the present Master Agreement, the parties shall execute the New Lease Agreement, essentially in the form set forth in Annex 6. The New Lease Agreement shall replace the Present Lease Agreement, which shall cease to be effective on the date of completion of the renovation of the present Building and the construction of the New Building.
4.2 The rent to be paid by FEI for the Present Building and the New Building under the New Lease Agreement shall be calculated as follows. The present annual rent, in the amount of € 799,626.00, shall be increased by an amount equal to 9 % of the costs of renovation of the Present Building (€ 2,579,311.00, as per Annex 3), an amount equal to 9 % of the construction costs of the New Building (€ 7,595,249.00, as per Annex 4), and an amount equal to 9,25 % of the investment made by Valôme for the cleanrooms, as set forth in section 3.1 above. The aggregate amount shall be adjusted in accordance with the provision of section 5.4.
4.3 It is understood that the New Lease Agreement shall provide that all costs of maintenance and repair shall be borne by FEI as lessee, and that Valôme shall bear no maintenance and repair costs in addition to the investments set forth in Annexes 2, 3 and 4.
4.4 FEI is aware that Dutch legislation with respect to the lease of office and industrial space will be amended materially effective 1st July 2003, and acknowledges that certain amendments to the New Lease Agreement may have to be made in order to adequately reflect the parties’ intentions.