TERM OF LEASE AGREEMENT. ○ The term of the Original Lease was eight (8) years commencing on the delivery date (the “Original Lease Period”). The Company had the right to terminate the lease as of the end of the fifth year of the Original Lease Period, subject to six months prior written notice, provided that the Company pays a one-time special early termination payment (the “Special Payment”) equal to the balance of the rest of the Improvement Amount (as defined below) per square meter multiplied by two times the number of remaining months for which the Company is required to pay rental fees. ○ As of the end of the third year of the Original Lease Period, the Company has the right to sub-lease the premises to a substitute tenant, subject to the Landlord’s prior written consent (not to be unreasonably withheld). ○ Estimated delivery date was to be May 10, 2008, but delivery occurred in August 2008. ○ The term of the Original Lease Period expires on August 31, 2016 and the term of the period with respect to all of the addenda is also August 31, 2016. ○ Pursuant to the Sixth Addendum, the Original Lease Period was extended to December 31, 2020. Unless one party notifies the other at least 180 prior to the end of the Original Lease Period, the Lease Agreement shall be automatically extended for an additional term of five (5) years (the “Optional Lease Period”).
TERM OF LEASE AGREEMENT. 5.1 This Lease Agreement will endure for the Initial Period set out in section 5.3 and will commence and become effective from the Effective Date and terminate on the date set out in item 5.5, unless cancelled or terminated earlier in accordance with its terms.
5.2 The Tenant specifically acknowledges and agrees that, should he not be able to take occupation of the Premises on or before the Effective Date set out in item 5.4 as a result of:
5.2.1 any circumstance that is beyond the control of the Landlord; or
5.2.2 any circumstance that arises, which is not as a direct result of any negligent act or omission by the Landlord;
5.3 The Initial Period means the term of this Lease Agreement, which is set out in section 1.
5.4 The Effective Date means the commencement date of the Lease Agreement which is set out in section 1.
5.5 The Termination Date is set out in section 1.
TERM OF LEASE AGREEMENT. Unless renewed and extended pursuant to Section 2.15 or terminated pursuant to Section 3.06 of this Lease Agreement, the term of this Lease Agreement shall commence on September 5, 2022, and naturally expire on September 4, 2025.
TERM OF LEASE AGREEMENT. 5.1 For a Lease Agreement with a duration of less than 24 (Twenty‐Four) Months:
5.1.1 This Lease Agreement will endure for the Initial Period set out in item 1.22 and will start on the date set out in item 1.23 and terminate on the date set out in item 1.24, unless cancelled or terminated earlier in accordance with its terms.
5.2 For a Lease Agreement with a duration of more than 24 (Twenty‐Four) Months:
5.2.1 This Lease Agreement will endure for the Initial Period set out in item 1.22 and will start on the date set out in item 1.23 and terminate on the date set out in item 1.24, unless cancelled or terminated earlier in accordance with its terms;
5.2.2 The Tenant will have the financial benefit of the items set out in item 1.25.
5.3 The Tenant specifically acknowledges and agrees that, should he not be able to take occupation of the Premises on or before the date set out in item 1.23 as a result of:
5.3.1 any circumstance that is beyond the control of the Landlord; or
5.3.2 any circumstance that arises, which is not as a direct result of any negligent act or omission by the Landlord; then and in such event the Landlord shall not be liable for any damages suffered by the Tenant and the Tenant shall have no claim whatsoever against the Landlord.
TERM OF LEASE AGREEMENT. The initial term of this Lease Agreement shall commence as of , 20 , and shall continue until , 20 and as long thereafter as the Lessee has failed to make all required payments of Basic Rent or Additional Rent.
TERM OF LEASE AGREEMENT. The Lease Agreement will begin on September 1, 2020 and will end on July 31, 2022. This lease term will terminate upon non-payment of rent with notice by landlord by email, US mail, fax or posting upon the property.
TERM OF LEASE AGREEMENT. Tenant will lease the Property from the Agent for the Initial Term of year, commencing on and ending on , for the total sum of Dollars ($ ), payable in equal monthly payments of Dollars ($ ). Rent will be due on the day of every month.
TERM OF LEASE AGREEMENT. Lessor and Lessee have entered into a certain lease agreement commencing 05/01/2023 for the rental of a certain rental unit located at 00 Xxxxxx Xxxxxx - Apt 2 Yonkers, NY 10704
TERM OF LEASE AGREEMENT. The Lease Agreement will begin on April 1, 2024 and will end on March 31, 2025.
TERM OF LEASE AGREEMENT. This Lease Agreement commences on (Commencement Date) and terminates at 12:00 P.M. on (Termination Date). This Lease Agreement will automatically terminate on the given Lease Agreement termination date, unless Tenant(s) express the desire to renew contract via written notice on the renewal form, which will be distributed to Tenant(s) by Owner Representative at Owner Representative’s discretion. Tenants and/or their representatives cannot alter the term of the lease agreement unless agreed upon by both parties in writing.
