The Lease Period Sample Clauses

The Lease Period. 2.1. The duration of the lease (the Lease period) is stated in the Lease agreement. The Lease period commences at the time of delivery of the Vehicle/date of signature of the acknowledgement of receipt. The Lease agreement ends automatically at the end of the Lease period. 2.2. If the Lessee wishes to continue leasing the Vehicle at the end of the originally agreed Lease period, this is only possible with the prior agreement of DirectLease, after which an amendment to the Lease agreement will be drawn up.

The Lease Period. 4.1 Party B shall rent the Factory for Lease for a period of three years from 1st April 2001 (hereinafter referred to as “the Date of Commencement of Lease”) to 31st March 2004 (hereinafter referred to as “the Expiry Date”). 4.2 During the ease period, the right of use of the factory lot for lease shall belong to Party B. Its lawful rights and interests shall be protected by state laws.

The Lease Period. The Lessor hereby leases the Property to the Lessee, and the Lessee hereby rents the Property from the Lessor, commencing on July 1, 2012 and until June 30, 2015, according to the conditions set forth in this Agreement (hereinafter: “the Lease Period”).

The Lease Period. The first lease period pursuant to this contract is as detailed in Appendix A to this contract (Hereinafter: “The First Lease Period”). At the end of the first lease period and subject to the early fulfillment of the provisions in Sections 7.1, 7.2 and 7.3 below, the lease period will be extended by a period/ additional periods, once each time, if and insofar as so determined in Appendix A to this contract (Hereinafter: “

The Lease Period a. Subject to the execution of all the Tenant undertakings by this Agreement, the Lessor hereby leases to the Tenant and the Tenant rents the Tenancy from The Lessor in an unprotected lease for a period of 60 (sixty) Months (hereinafter “the basic Lease period”) that starts on the delivery date. b. Subject to the execution of all the Tenant’s undertaking by this Agreement, in full and on time, the basic Lease period will be automatically extended for an additional subsequent Lease period that starts immediately at the end of the basic Lease period and ends after 60 (sixty) Months after the basic Lease period (hereinafter “the Extended period”). The Tenant will be allowed to notify the Lessor of his intention not to extend the basic Lease period for an extended period, in a registered letter to be delivered at least 6 months before the end of basic Lease period. In the extended period the rent will be adjusted as detailed in the following section 10 (b). Subject to the aforesaid, all the Lease provisions of this Agreement will apply in the extended period. The basic Lease period and the extended period will be referred in this Agreement, in short, “The Lease period”. c. Subject to the Lessor right to evacuate the Tenant from the Tenancy, as detailed in this Agreement, the tenant will not be entitled to shorten the Lease period and/or evacuate the Tenancy and/ before the expiration of The Lease period. If, despite the aforesaid, the Tenant evacuates the Tenancy, before the expiration of the said Lease period, or will cease using it, the Tenant will be obliged to honor all his liabilities and the payments for all the Tenancy’s area up to the end of the Lease period. d. This Agreements provisions will apply in full during the extended period, and be subject to special provisions that relate to a special Lease period.

The Lease Period. (the term of the Lease Agreement) is agreed upon by the Parties and is to be specified in the Lease Agreement as ten (10) years from the time (date) of signing the last of the Certificates of Transfer for Actual Use under the Preliminary Agreement, and in case the Lessee exercises its Right to Postpone under Clause 5.10 of the Preliminary Agreement, as ten (10) years from the Lease Agreement date.

The Lease Period. 9.1 Subject to fulfillment by the Lessee of all its obligations pursuant to this agreement, the Lessor hereby leases to the Lessee and the Lessee hereby leases the property from the Lessor for a period beginning on January 1st, 2013 (the: “commencement date of the lease”), until its conclusion on 31 December 2016 (hereinafter: “the basic lease period”). 9.2 Subject to fulfillment by the Lessee of all its obligations pursuant to this agreement, in their entirety and on time, the basic lease period shall be automatically extended for an additional subsequent lease period of twenty-four (24) months (hereinafter: “the extended period”). The Lessee shall be entitled to notify the Lessor of its desire not to extend the basic lease period for the extended period, via registered letter to be delivered to the Lessor at least 4 months prior to conclusion of the basic lease period. It is explicitly clarified herewith, that in the event that the Lessee notifies the Lessor up to 4 months prior to the last date of the basic lease period regarding non-extension of the agreement period for the extended period, as required in this sub-clause above, the option shall be null and void, and the Lessee shall not be entitled to utilize the extended period and continue leasing the property, including in the event that, for any reason whatsoever, the Lessee also continues to hold the property following conclusion of the basic lease period. In such a case, wherein the Lessee continues to hold the property even beyond conclusion of the basic lease period, despite having advised that it does not wish to exercise the option to extend the lease period, the Lessee must vacate the property immediately upon demand by the Lessor, except in the event that the parties reach another agreement in writing. 9.3 Notwithstanding the above, it is hereby agreed between the parties that the Lessee may also exercise the option available thereto pursuant to Clause 9.2 above regarding a portion of the property area by providing written notice to the Lessor four (4) months in advance, of its desire to reduce the property area during the extended period, provided that the area that the Lessee returns to the Lessor can serve for lease as an independent and integral unit that includes an independent kitchenette, separate restrooms and separate entrance, and which complies with rules to be determined by a safety consultant on the Lessor’s behalf. 9.4 During the extended period the rental fee shall be updated...

The Lease Period a. The Lease shall be for the period stated in section 2 of the Schedule. b. Check in dates and times are strictly enforced. A potential late check in must be communicated to the Lessor to avoid termination of this Agreement. c. A late check in will only be permitted up to 19h00 on the day of arrival. d. Only the Lessee personally, alternatively, someone related to the Lessee and pre-authorised by the Lessor in writing, will be permitted to take possession of the Property at check in time.

The Lease Period. 13.1 The Lease Period is as specified in Subsection 1.24 above. 13.2 The Lessee will not be entitled to stop the Lease and/or vacate the Leased Property before the end of the Lease Period. If, despite the aforesaid, the Lessee will vacate the Leased Property before the end of the Lease Period, other than due the lawful termination of the Agreement due to a breach by the Lessor, the Lessee will be obligated to all of the payments applicable thereto under this Agreement, all until the end of the Lease Period, without derogating from the obligation to mitigate the damage applicable to the Lessor under law. The aforesaid shall not prejudice the rights of the Lessor hereunder and/or under law, to order the Lessee to vacate the Leased Property before the end of the Lease Period, in an event which entitles it to do so. 13.3 Notwithstanding the aforesaid, upon the lapse of five years from the commencement of the Lease Period, and on a “one-time” basis, the Lessee will be entitled to terminate the Agreement by a minimum 12-month prior notice, namely, the lease termination notice must be provided up to the expiration of the fourth lease year, namely, until December 31, 2024. In the event that the Lessee shall notify of the termination of the Agreement, as aforesaid, the Lessee will pay the Lessor, as a pro rata reimbursement, due to the Allocation granted to the Lessee by the Lessor, pre-estimated liquidated damages of 50% the Allocation amount actually granted, plus VAT and index linkage differentials, which will be paid to the Lessor on the Lease early termination date, as aforesaid, and the return of possession in the Leased Property to the Lessor. The parties declare that the calculation of the Rent as specified in this Agreement, was made based on the assumption that the Lease Period will be of at least 120 months, and therefore, the parties, after having made a calculation, have found that the pre-estimated liquidated damages, as aforesaid, would be reasonable and appropriate compensation and payment, due to the termination of the Agreement before the completion of the entire Lease Period. For the avoidance of doubt, it is clarified, that should the Lessee not complete the Agreement as aforesaid, upon the expiration of five years from the commencement of the Lease Period, it will not be entitled anymore to notify the Lessor of the termination of the Agreement until the end of the Lease Period as specified in Section 1.25 above. It is clarified that the aforesa...

The Lease Period. 2.1. The minimum period for making the Vehicle available for rental is Five Nights. For the greater convenience of the Renter, User and Additional Driver and, at the sole discretion of the Rental Company, the Vehicle may be returned before the expiration of the minimum period for making it available for rental. However, this option does not imply the refund of values, as the rental criterion is per Daily Period and not per fraction of an hour actually used, with which the Renter, User and Additional Driver are in full agreement. 2.2. If the Renter decides to extend the rental of the Vehicle, he or she must notify the Rental Company via email or WhatsApp included in the reservation or in the Contract, through the Customer Service Center at least 12 (twelve) hours in advance of the end of the Contract period. The extension will only be carried out through a new Pre-authorization, and the Renter and/or the Financial Officer, to complete the extension, must make the request and payment at the same time, until the date and time originally scheduled for returning the Vehicle, in order to renew the documents and guarantees necessary to extend the rental period. The Rental Company reserves the right to require the presentation of the Vehicle at the location where the extension is intended to be carried out, for inspection and verification of its condition. 2.2.1. In the case of a Rental carried out by a legal entity Lessee and/or by an Agency, for the effective extension of the Contract it will be necessary to prepare an extension voucher requested in advance to the Customer Service Center via WhatApps. 2.2.2. In the event of an extension of the Contract, the Financial Responsible Person immediately declares, irrevocably and irreversibly, his agreement to the extension, automatically and uninterruptedly, of the financial guarantee provided in the Contract initially signed until the effective return of the Vehicle by the Renter, User and/ or or Additional Driver, renouncing, for all legal purposes, the benefit of warranty exemption. 2.2.3. If the Renter and/or the Financial Officer do not meet the forecast described in items 2.2 and 2.2.1 above, failure to return the Vehicle, within 24 (twenty-four) hours from the end of the period set out in the Contract, will constitute appropriation undue, regardless of notification, and the Lessor may adopt all applicable legal measures, including reporting such fact to the competent police and judicial authorities, with the Le...