The Lease Term. 13.1 The Lease Term is as set out in subsection 1.32 above.
The Lease Term. 3.1 The Leased Item shall be transferred to the Lessee for the period specified in the relevant Agreement (the Lease Term). The Lease Term for each Agreement shall be calculated starting from the corresponding Lease Term Start Date.
The Lease Term. Landlord shall use commercially reasonable efforts to relet and rent the Premises with or without advertising for the remainder of the Lease Term, or for such longer or shorter period as Landlord shall deem advisable. In lieu of the amounts recoverable by Landlord pursuant to the two immediately preceding paragraphs, but in addition to other remedies and amounts otherwise recoverable by Landlord in this Lease, Landlord may, in its sole election, (i) terminate this Lease, (ii) collect all Rent, Additional Rent, and other sums due and owing by Tenant up to the date of termination, and (iii) collect, as liquidated damages, an amount equal to (a) the present value (as of the date of termination) of the Rent and Additional Rent which would have been paid by Tenant for the remaining balance of the Lease Term (if this Lease were not terminated), minus (b) the present value (as of the date of termination) of the net revenue stream (e.g., after deducting reasonable allowances for periods of vacancy and anticipated legal fees, brokerage commissions, tenant improvement allowances and other concessions required to relet the Premises) Landlord reasonably expects to receive over the remainder of the Lease Term (if this Lease were not terminated) as a result of the reletting of the Premises. For purposes of determining present value under the foregoing clause (iii), the indicated amounts shall be discounted to present value using an interest rate equal to five percent (5.0%) per annum. In no event shall Landlord be liable for, nor shall Tenant's obligations hereunder be diminished by reason of, any failure by Landlord to relet all or any portion of the Premises or to collect any rent due upon such reletting, nor shall Tenant be entitled to share in, or to any off-set against its liability under the foregoing clause (iii), any proceeds from any reletting of the Premises. Tenant further acknowledges and agrees that no election by Landlord to seek liquidated damages pursuant to this paragraph shall relieve Tenant of any liability for damages for any failure by Tenant to surrender the Premises to Landlord in accordance with the terms hereof.
The Lease Term. The lease term shall commence on the 1st day of April, 2021 and continue through the 31st day of March, 2026. Afterwards, the Lessee shall have the right to renew the lease annually in writing. Extensions shall be renewed on April 1, 2026, and April 1 of each successive year unless Xxxxxx gives Lessor notice within sixty (60) days prior to the renewal date of its intent not to renew the Lease for an additional term.
The Lease Term. This Lease Agreement and the Tenant's obligation to pay rent shall commence upon the date referred to in Clause 1.3 and shall endure for the period therein recorded.
The Lease Term. The Lease Term shall start on 25/12/2008 and up until 24/01/2013 (hereinafter: “the Lease Term”). Without derogating from the above, the Sub — Lessee shall have the right to begin the Adaptation Works listed in section 15 prior to the Lease Period, subject to Clal’s approval.
The Lease Term. In the event of termination of Landlord's interest in this Lease, Landlord shall transfer said deposit to Landlord's successor in interest.
The Lease Term. The Lease Term shall start on March 1, 2011 and up until 31.01.2013 (hereinafter: “the Lease Term”). Without derogating from the above, the Sub — Lessee shall have the right to begin the Adaptation Works listed in section 13 prior to the Lease Period, subject to Lessor’s approval.
The Lease Term and Tenant's obligation to pay rent hereunder shall commence on the Lease Commencement Date. If the Lease Commencement Date is not the first day of a month, then the Lease Term shall be the period set forth above Plus the partial month in which the I-ease Commencement Date occurs. The date on which the Lease Term expires shall be the Lease Expiration Date. Each twelve (12) month period during the Lease Term, initially beginning on the Lease Commencement Date, shall be a Lease Year.
The Lease Term. In addition, except as provided as part of Landlord's repair obligation set forth above or elsewhere in the Lease, Tenant shall, at Tenant's own expense but under the supervision and subject to the prior approval of Landlord, and within any reasonable period of time specified by Landlord, pursuant to the terms of the Lease, including without limitation Article 8 hereof, promptly and adequately repair all damage to the Premises and replace or repair all damaged or broken fixtures and appurtenances; provided however, that, at Landlord's option, or if Tenant fails to make such repairs, Landlord may, but need not, make such repairs and replacements, and Tenant shall pay Landlord the reasonable actual cost thereof plus a reasonable administrative charge designed to reimburse Landlord for the costs of all non-Building personnel involved in making such repairs and replacements. Subject to the provisions of Article 27 of the Lease, Landlord may, but shall not be required to, enter the Premises at all reasonable times to make such repairs, alterations, improvements and additions to the Premises or to the Building or to any equipment located in the Building as Landlord shall desire or deem necessary or as Landlord may be required to do by governmental or quasi-governmental authority or court order or decree; provided, however, except for (i) emergencies, or (ii) repairs which are the obligation of Tenant hereunder, any such entry into the Premises by Landlord shall be made, to the extent reasonably possible, in a manner so as not to materially interfere with Tenant's use of, or access to, the Premises. Tenant hereby waives and releases its right to make repairs at Landlord's expense under Sections 1941 and 1942 of the California Civil Code or under any similar law, statute, or ordinance now or hereafter in effect. Notwithstanding anything in the Lease to the contrary, Tenant shall not be required to make any repair to, modification of, or addition to the Building Systems or Building Structure, except and to the extent required because of Tenant's use of the premises for other than normal office purposes.
