Renewal of Lease. If Tenant desires to renew this Lease for an additional term, Tenant must give Landlord written notice of such desire no less than ninety (90) days prior to the end of Lease term or November 30, 2020 , whichever comes first. Landlord reserves the right to deny Tenant’s request to renew this Lease and to modify the amount of rent due for any such renewal.
Renewal of Lease. Provided this Lease is then if full force and effect and Tenant is in full compliance with the terms and conditions of this Lease, Landlord hereby grants to Tenant an option to renew this Lease for one period of five (5) years, at a rental rate equal to the rental rate then being offered by Landlord to tenants desiring to lease comparable space in the Building or in other buildings comparable to the Building, with comparable amenities and services and comparable parking rights and privileges, and with consideration of a refurbishment allowance of Five and no/100 Dollars ($5.00) per rentable square foot, as such rate is established by Landlord in its reasonable judgment. Tenant shall notify Landlord no more than twelve (12) months and no less than ten (10) months prior to the end of the Term if Tenant desires to renew this Lease under the terms of this Paragraph. If Tenant does give such notice, Landlord shall indicate to Tenant at least nine (9) months prior to the end of the Term the rental rate which shall be in effect for the Term as extended, on the basis as above described. Tenant shall have thirty (30) days from the date Landlord makes such offer to either accept or reject such offer. If Tenant rejects such offer or fails to respond within such thirty (30) day period, then this Lease shall terminate as of the end of the Term as established herein. If Tenant accepts such offer, then the Term shall be extended by said five (5) year period, upon the same terms and conditions as contained in this Lease, and the rent for such period shall be the rent as offered by Landlord and accepted by Tenant pursuant to the terms and conditions of this Paragraph.
Renewal of Lease. This lease does not automatically renew—. A new lease agreement must be signed (written or electronic signature). The Tenant must notify the Landlord 90 days before the term expires of their intent to renew or vacate the property.
Renewal of Lease. (a) Lessee may request in writing (the “Renewal Option Request”) to the Administrative Agent, Lessor and each Participant pursuant to the Lease to renew the Term (the “Lease Renewal”) for one additional five-year period commencing on the last day of the Base Term (a “Lease Renewal Term”), and that the Maturity Date for the Loans and the Lessor Amount be correspondingly extended to the extended Expiration Date. Such Renewal Option Request must be delivered in writing to Administrative Agent not later than one hundred eighty (180) days nor more than three hundred sixty-five (365) days prior to the expiration of the Base Term. The Administrative Agent shall distribute a copy of the Renewal Option Request to each Participant, promptly after receipt thereof from the Lessee. Each Participant will notify Administrative Agent (who shall promptly notify the Lessee) in writing of whether or not it has consented to such Renewal Option Request not later than forty-five (45) days after the date on which the Administrative Agent receives the Renewal Option Request (the “Renewal Option Response Date”). Any failure by any Participant to so notify Administrative Agent by the Renewal Option Response Date will be deemed to be a non-consent by such Participant. Each Participant’s determination with respect to the Renewal Option Request shall be a new credit determination and within such Participant’s sole and absolute discretion and may be conditioned upon such terms and conditions as shall be deemed appropriate by such Participant, which may include receipt of such financial information, documentation or other information or conditions as may be requested in writing by such Participant and the receipt of a satisfactory appraisal of the Leased Property. It is a condition that all Participants consent to the renewal set forth in the Renewal Option Request for any renewal of the Lease to be effective. Lessee shall have thirty (30) days after the Renewal Option Response Date (such time period being referred to as the “Renewal Rescission Period”) to irrevocably rescind the Renewal Option Request and elect not to extend the Term (a “Renewal Rescission”). If Lessee exercises a Renewal Rescission, the Lease shall terminate on the last day of the Term and Lessee shall be deemed to have exercised the Purchase Option. Any failure by Lessee to exercise a Renewal Rescission during the Renewal Rescission Period shall be deemed a waiver of the right of Lessee to effectuate a Renewal Rescis...
Renewal of Lease. ☐ - Eviction. . ☐ - Preparing the Property for Leasing. . ☐ - Other. .
Renewal of Lease. In case Party B requires the renewal of lease at the end of the lease period, Party B shall give written notice to Party A six months prior to the expiry of the lease period. The parties shall enter into a new lease contract. The terms of the new lease contract shall be the same as those in this Contract, but the rent shall be further negotiated and agreed by the parties. Under the same conditions, Party B shall have the priority in renewal of lease.
Renewal of Lease. 12.1 Upon giving written notice no later than 60 days before the expiration of the term of this Lease, the Tenant may renew this Lease for an additional term. All terms of the renewed lease will be the same except for this renewal clause.
Renewal of Lease. Landlord hereby grants to Tenant two (2) consecutive five-year options to renew the Lease as to the Premises, upon the terms and conditions of this subparagraph (d) if:
(i) Tenant is not in default under the Lease, as the same may have been renewed beyond any time to cure at the time such option is exercised; and
(ii) Tenant gives Landlord written notice of the exercise of the renewal of this Lease not earlier than April 1, 2014, and not later than June 30, 2014 Second Extension Term (the “First Renewal Notice of Exercise”) or, if the Lease has been previously renewed, not earlier than April 1, 2019 or June 30, 2019 months prior to the end of the Second Extension Term as previously renewed pursuant to this subparagraph (d) (the “Second Renewal Notice of Exercise”; the First Renewal Notice of Exercise and the Second Renewal Notice of Exercise may be referred to singly as a “Renewal Notice of Exercise” or collectively as the “Renewal Notices of Exercise”), time being of the essence. Tenant’s failure to notify Landlord of its intent to exercise either option to renew the Term granted herein on or before the dates specified in this subparagraph (ii) for such renewal shall be deemed a waiver of Tenant’s right to exercise its option to renew; it being understood and agreed that if Tenant fails timely to exercise said option as to the first renewal term, its right to exercise said option as to the second renewal term shall be deemed waived. If Tenant elects to renew the Lease under this subparagraph (d), the following terms and conditions shall apply as to each renewal:
(i) the renewal term in question shall commence upon the expiration of the Second Extension Term or the first renewal term described above, as the case may be, and continue thereafter for a period of five (5) years;
(ii) Base Rent for the Premises for the extension term shall be Market Rent (as defined in subparagraph (e) below); and
(iii) all of the other terms and conditions contained in this Lease, as it may have been amended from time to time, shall be as set out in this Lease, it being understood that there shall be no rights of renewal or extension except as provided in this subparagraph (d), and, upon the exercise of the rights of renewal granted by this subparagraph (d) subject to the terms and conditions herein, this subparagraph (d) shall be of no further force or effect and Tenant shall have no right to further renew or extend the term of the Lease. Within fifteen (15) days after reques...
Renewal of Lease. Neither Landlord nor Resident is obligated to renew this Lease or enter into a new Lease at the expiration of the Lease Term. The Lease Term does not automatically renew on any basis or for any reason. Resident and Co-tenants are required to give notification of Lease Renewal on or before December 1, 2024. If Resident does not give notification to renew the Lease within the time frame prescribed, it will be assumed the Resident and / or Co-tenants will be moving out at the end of the Lease Term, and Resident's Bedroom may be leased to another Resident upon expiration of this Lease, without notice. If all Leases in the Unit are not signed and returned to Landlord by December 15, 2024, any Bedroom(s) and / or Unit will be considered available for the upcoming Lease Term and may be leased to other Resident(s) and / or group(s). The determination to enter a new Lease shall be at the sole discretion of Landlord, and shall be subject to Landlord’s current credit and screening criteria for the Resident and their Guarantor.
Renewal of Lease. After the expiration of the Initial Lease Term the Lessor and/or its heirs/trustees agrees to extend the Lease of this Agreement for further two (2) extensions, each extension being for thirty (30) years. Any costs, expenses, and fees arising from any of the renewal terms (the “New Lease”) are to be borne by the Lessee.
15.1 The parties hereto agree that in the event the Lessee prior to the expiration of the Lease Term (but after Registration Date) decides to transfer the rights of this contract to any other person the Lessor irrevocably agrees to let the person designated by the Lessee to lease and use the Leased Property and the Lessor agrees to enter into a New Lease Agreement with that person for the same terms and conditions specified in this Agreement on clause 3.1 without any further payment. Same time Lessee agrees that he will transfer his rights of this contract only to the person that will be notified, accept and will be not against will sign additional consent that this condominium development during at least next 15 years will get a hotel license and will be operated as a hotel. In case if new person will disagree with it than Lessee can not transfer his rights to this person.
