Examples of Extended Lease in a sentence
If Lessee retains all or any portion of the Leased Premises after the termination of the Initial or Extended Lease Term(s) by lapse of time or otherwise, such holding over shall constitute the creation of a tenancy at will with respect to such retained portion at a rental rate of one and one-half (1.5) times the price per square foot paid under this agreement.
Extended Lease Agreement with Old Pueblo Archaeology Center for the Use of a Portable at Ajo Way Service Center November 1, 2013 through October 31, 2018, with Authorization for Planning Services Program Manger to Execute the Agreement ITEM PULLED.
Quartzsite will cooperate with CAWCD to amend the Quartzsite Contract and agrees to amend the Quartzsite Contract, as necessary, to allow lease of the entire Quartzsite Entitlement to CAWCD for the Initial Lease Term and the Extended Lease Term.
The Extended Lease Term will commence on January 1 of the Year following expiration of the Initial Lease Term and expire at 11:59 p.m. Arizona time on December 31 of the twenty- fifth (25th) Year following the commencement of the Extended Lease Term.
The Assignee shall establish the Extended Lease Term, calculate the increased interest component and revised amortization of the then unpaid aggregate principal component under this A&R Sublease and prepare the revised Payment Schedule, all as provided in this subsection (a), within thirty days after an Abatement End Date (as described above).
Unless either Party provides written notification that it does not wish to renew the Lease Agreement pursuant to Subarticle 2.2.2 of this Lease Agreement, CAWCD shall make the Extended Lease Term Payment no later than January 1 of the first Year of the Extended Lease Term.
For the duration of the Initial Lease Term and, if applicable, the Extended Lease Term, Quartzsite agrees to lease to CAWCD, and CAWCD agrees to lease from Quartzsite, the entire volume of the Quartzsite Entitlement subject to: (a) the terms and conditions of this Lease Agreement; (b) the existing terms and conditions of the Quartzsite Contract that are not inconsistent with this Lease Agreement;(c) recommendation of the Lease Agreement by ADWR and (d) approval by the Secretary.
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For each acre-foot of the Quartzsite Entitlement that the Secretary approves for lease from Quartzsite to CAWCD and diversion by CAWCD for transportation to the CAWCD Service Area during the Extended Lease Term, CAWCD will make a one- time cash payment of $2,470.00 to Quartzsite (the “Extended Lease Term Payment”).
The Agency Constituent Entities do not intend to sell or otherwise dispose of the Leased Property or any interest therein prior to the last Lease Payment (including all Extended Lease Term) scheduled to be paid under this A&R Sublease.