NEW LEASE ON DISCLAIMER, ETC Sample Clauses

NEW LEASE ON DISCLAIMER, ETC. 15.3:1 If the Landlord so requires, by notice in writing served on the Guarantor within four (4) months after a Termination Event, the Guarantor shall immediately take up a new lease of the Property. The terms of the new lease shall be such that, under the combination of this Lease and the new lease, the Landlord will be in the same postion (so far as can be achieved) as if the Termination Event had not occurred and the Guarantor had been the tenant under this Lease. Without prejudice to these general words, the new lease is to include the following provisions: 15.3:1.1 the term shall commence on (and shall include) the day after the date of the Termination Event and continue for the balance of the Contractual Term, and 15.3:1.2 if on the date of the Termination Event there is an outstanding rent review:
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NEW LEASE ON DISCLAIMER, ETC. 16.3.1 If the Landlord so requires by notice in writing served on the Guarantor within four (4) months after a Termination Event the Guarantor shall immediately take up a new lease of the Property. The terms of the new lease shall be such that under the combination of this Lease and the new lease the Landlord will be in the same position (so far as can be achieved) as if the Termination Event had not occurred and the Guarantor had been the tenant under this Lease. Without prejudice to these general words the new lease is to include the following provisions: 16.3.1.1 the term shall commence on (and shall include) the day after the date of the Termination Event and continue for the balance of the Contractual Term and 16.3.1.2 if on the date of the Termination Event there is an outstanding rent review: 16.3.1.2.1 the second day of the term shall be a review date (“New Lease First Review Date”) 16.3.1.2.2 for the purposes of the review of the Rent on the New Lease First Review Date (but not on any subsequent Review Date) the Open Market Rent shall be assessed as at the last Review Date in this Lease falling before the New Lease First Review Date 16.3.1.2.3 pending ascertainment of the New Rent payable from the New Lease First Review Date (in accordance with the provisions for review of the Rent) the initial rent shall be the Rent payable under this Lease immediately before the date of the Termination Event and 16.3.1.2.4 on ascertainment of the New Rent clause 15.4 shall apply and 16.3.1.3 the other terms shall be the same as the terms of this Lease with all provisions of a periodic nature including any relating to review of the Rent applying on the dates that would have applied if the Termination Event had not occurred 16.3.2 The Guarantor shall pay the Landlord’s reasonable and proper costs and expenses in connection with the grant of the new lease

Related to NEW LEASE ON DISCLAIMER, ETC

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  • Tenant’s Remedies/Limitation of Liability Landlord shall not be in default hereunder unless Landlord fails to perform any of its obligations hereunder within 30 days after written notice from Tenant specifying such failure (unless such performance will, due to the nature of the obligation, require a period of time in excess of 30 days, then after such period of time as is reasonably necessary). Upon any default by Landlord, Tenant shall give notice by registered or certified mail to any Holder of a Mortgage covering the Premises and to any landlord of any lease of property in or on which the Premises are located and Tenant shall offer such Holder and/or landlord a reasonable opportunity to cure the default, including time to obtain possession of the Project by power of sale or a judicial action if such should prove necessary to effect a cure; provided Landlord shall have furnished to Tenant in writing the names and addresses of all such persons who are to receive such notices. All obligations of Landlord hereunder shall be construed as covenants, not conditions; and, except as may be otherwise expressly provided in this Lease, Tenant may not terminate this Lease for breach of Landlord’s obligations hereunder. All obligations of Landlord under this Lease will be binding upon Landlord only during the period of its ownership of the Premises and not thereafter. The term “Landlord” in this Lease shall mean only the owner for the time being of the Premises. Upon the transfer by such owner of its interest in the Premises, such owner shall thereupon be released and discharged from all obligations of Landlord thereafter accruing, but such obligations shall be binding during the Term upon each new owner for the duration of such owner’s ownership.

  • Waiver of Liability Seller hereby waives, acquits, and forever releases, and agrees to defend and hold harmless, the Agency, its officer(s), director(s), employee(s), contractor(s), associate(s), and representative(s) from any responsibility or liability whatsoever concerning any photos or videos generated from the Photographic Services or their distribution.

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