Terms of the Lease. The term shall begin on and shall continue until: (1) the Lease is terminated by the Landlord in accordance with applicable state and local Tenant/Landlord laws; (2) the Lease is terminated by the Tenant in accordance with the Lease or by mutual agreement during the term of the Lease; or (3) termination of the HOME Rental Assistance Program Contract by the [program administrator].
Terms of the Lease. 4.1. The Property (including any modification or addition made to it during the Lease Term) shall remain the property of the Bank at all times during the Lease Term, and the Customer shall not do or permit anything which may affect or imperil the Bank’s right, title and interest in the Property. The Customer can exercise its right under the Sale Undertaking at any time, in the manner agreed in the Sale Under- taking. Upon such exercise by the Customer, if the Bank is satisfied that all monies due to the Bank by the Customer have been duly paid, this Contract shall stand terminated.
4.2. Major Maintenance shall be performed directly by the Bank or through the Agent. The Customer shall allow the Bank or its Agent the right to view and inspect the Property, on reasonable prior notice. The Customer shall, at the Customer’s own cost and expense, be responsi- ble for Ordinary Maintenance.
4.3. The Customer is not permitted to make any modifications, additions, improvements, substitutions or alterations to the Property without the prior written approval of the Bank. If approved by the Bank, such modifications shall be at the expense of the Customer and shall not be deductable from any Rental Payments owed to the Bank. Any additions, improvements, substitutions or alterations made to the Property shall be deemed to form part of the Property.
4.4. Upon the occurrence of a Total Loss to the Property during the Lease Term, the Customer shall, within not more than three (3) Business Days of the loss, provide notice to the Bank of such loss or destruction. Upon receipt of the applicable insurance proceeds, the Bank shall be entitled to apply such proceeds as it sees fit. The obliga- tion of the Customer to make the Rental Payments shall cease from the date of the Total Loss and, subject to payment of all existing amounts owing by the Customer under this Contract (including any losses or expenses under this clause) prior to the date of the Total Loss, this Contract shall be deemed to be terminated.
4.5. Upon the occurrence of a Partial Loss, the Customer shall give prompt notice to the Bank, identifying the damage in a comprehen- sive technical report and estimating the amount of loss or damage that has occurred and the cost of reinstating the damaged Property. If the loss was not caused by the Customer’s negligence or willful misconduct, the Bank shall release the applicable insurance proceeds to the Agent to enable the Agent to proceed with the reinstatement of the dam...
Terms of the Lease. (a) This agreement is entered into for a period of 25 years, commencing on February 26, 1999 and consequently ending on February 25, 2024.
(b) The Lessee will have the option to renew this lease agreement for three (3) further ten (10) year periods.
(c) The Lessee shall have the right of first refusal in the event the Lessor wishes to sell the property. The purchase price shall be determined by the market prices and trend at such time.
Terms of the Lease. 12.1 The term of the lease is defined by the lease. The leasing of natural resources, enterprises, buildings, or constructors must concern a period of five years or longer. When leasing land the conditions of performing scientific crop notation by the tenant must be fixed. The minimum period for a lease of land may not be for less than one crop rotation. Land may be granted by lease for agricultural use and production for life with inheritable possession without the right of ownership. Taking into account the character and purpose of lease, an agreement may be contracted for a short term or up to five years.
12.2 After the end of the lease term of the agreement, the tenant has the right to renew the lease.
12.3 After the end of the term of the agreement, it is considered renewed under the terms and conditions fixed by the lease agreement unless one or both parties has refused to continue. When renewing the lease for a new term, the lease's conditions may be changed by the mutual consent of the parties.
Terms of the Lease. A. Unless sooner terminated as hereinafter provided, this Lease is in effect for 5 years from the date hereof. At the expiration of the 5- year term, and of any succeeding 5-year term, this Lease is automatically renewed and extended for another 5-year term, unless a Lessor or the Lessee gives at least 6 months notice in writing of its intention not to renew or extend.
B. A Lessor or the Lessee may terminate this Lease with respect to any covered location at any time upon 6 months prior written notice to the other party.
C. The foregoing notwithstanding, this Lease terminates immediately if at any time a majority of the voting securities of BAMSI is not owned, directly or indirectly, by BankAmerica Corporation.
Terms of the Lease. My Lease will begin on the day of , 20 , and is valid for one year with an automatic renewal at the end of each one-year rental period after the successful completion of the annual interview and inspection unless MHA has just cause to terminate the lease. I may give notice to move by signing a Notice of Intent to Vacate form in the Management Office. I understand I must return all apartment keys to the Management Office by the intended move-out date. I understand I may not request to transfer to another MHA owned and managed property during the first year of my occupancy. All transfers will be in accordance with the MHA Transfer Policy listed in the ACOP.
Terms of the Lease. Starting and ending dates should be defined, as well as time restrictions within those dates (no climbing after dark, etc.). What climbing activities (e.g., bouldering, trad climbing, sport climbing) will the landowner permit? Guest privileges?
Terms of the Lease. The term of the Lease is deemed retroactively to have commenced on August 28, 2012, the date of the transaction approval, and terminates on August 27, 2061.
Terms of the Lease. The term of the lease shall be for a period of fifteen (15) years commencing on Lessee may extend the lease for five (5) renewal terms of five (5) years each upon the terms and conditions provided herein, and yielding and paying to the Lessor, the sum of five dollar ($5.00) per year for the first 15 years, with any subsequent renewal years at a sum set forth by the Board of Selectmen at such time of renewal of said lease, payable in advance, and each subsequent payment to be due and payable on the anniversary date of this Lease. Unless Lessee gives written notice of non-renewal ninety (90) days prior to expiration of a lease term, this lease will be automatically renewed for an additional five (5) years at the new rate set forth by the Board of Selectmen at such time.
Terms of the Lease. The lease of the Premises shall be pursuant to all of the terms and conditions of the Lease as in effect from time to time; provided, however, that Landlord and Tenant hereby agree that the Lease shall be amended as follows:
