Lease Extension Option definition

Lease Extension Option. None (if applicable): Landlord's Name: Xxxxxx Xxxxxx Realty Company Landlord's Address: 000 Xxxxxxx Xxxx Waterbury, CT 06706 Purchase Option: None (if applicable)
Sample 1Sample 2
Lease Extension Option. None (if applicable): Landlord's Name: Rellum Realty Company Landlord's Address: 00 Xxxxxx Xxxx Milford, NJ 08848 Purchase Option: None (if applicable)
Sample 1Sample 2
Lease Extension Option. One two-year option with rental increase
Sample 1

Examples of Lease Extension Option in a sentence

  • Notwithstanding Section 2, Lessee shall not be permitted to commence construction of any Wind Power Facilities on the Property (other than anemometers, meteorological towers, and wind measurement, monitoring and recording equipment and facilities) unless and until Lessee has exercised the Lease Extension Option.

  • Amendment #4 to Aircraft Lease Agreement and Exercise of Lease Extension Option, dated as of March 23, 2007, between ILFC and *.

  • With the execution of this Third Amendment, Tenant has exercised its one (1) five (5) year Lease Extension Option to renew the Lease as provided for in the Second Amendment effective June 1, 2002.

  • The Borrower shall (and shall cause the Property Owners, as applicable, to) provide evidence to the Agent of the due exercise of each and every Ground Lease Extension Option at least thirty (30) days prior to the last date for such exercise (being no less than ninety (90) days prior to the subject Ground Lease term expiration date).

  • Each of the Relevant Contracts is a new contract and effective up to and including 31 December 2010.

  • These include not only financial accounts, but other records such as quality reports, time records, expense reports and submissions such as benefits claim forms and resumes. Ensuring accurate and complete business and financial records is everyone’s responsibility, not just a role for accounting and finance personnel.

  • Lease Extension Option: CBA USD Investments has granted a lease extension option to Florens, which must be exercised by Florens at least six months but not more than eight months from the expiry date of the original term (the “Lease Extension Option”).

  • Real Property Lease Extension Option - RACHRIS, LLC - 2 Gough Street -$624,115.76 Annual Base Rent]Sponsor: MayorResolution authorizing the Director of Property to exercise an option to extend a Lease of real property located at 2 Gough Street for office space, with RACHRIS, LLC, as landlord, for a five-year term commencing on July 1, 2020, and expiring on June 30, 2025, at a monthly base rent of $52,009.65 for a total annual base rent of $624,115.76 with base rent increasing at 3% per year.

  • The Lease Extension Option specified in RFP Section 2.22, EQUIPMENT LEASE TERM WITH OPTION TO EXTEND allows the State to extend this lease past the five year lease term in the event the State is unable to execute a new contract for a leased mainframe prior to the end of this lease.The extension will be for two one-year extensions with each year extended on a month to month basis.

  • By exercise of the Year 2005 Lease Extension Option as set forth at Section 2 of the Second Amendment, the existing Lease term is hereby extended through September 30, 2010.


More Definitions of Lease Extension Option

Lease Extension Option. None (if applicable): Landlord's Name: Shaker Enterprises Landlord's Address: 172 Bateswood Road Xxxxxxxxx, XX 00000 Xxxxxxxx Xption: None (if applicable)
Sample 1

Related to Lease Extension Option

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • First Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Renewal Option has the meaning set forth in §12.1.

  • Extension Term means the time period defined in §2.C.

  • Option to Extend has the meaning given that term in Section 2.13.

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Time Extension shall have the meaning set forth in Clause 10.5;

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Minimum Extension Condition has the meaning specified in Section 2.15(b).

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Base Lease means the Base Lease Agreement delivered concurrently with this Lease between the Company and the Issuer.

  • Line Extension means the provision of facilities (including, but not limited to, poles, fixtures, wires, and appurtenances) necessary for delivering electrical energy from the point of origin to one or more of the customer's points of delivery. Facilities provided by the Company to maintain, protect, upgrade, or improve its overall distribution system (even if necessary due to a customer's load addition) are not considered part of a line extension.

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on June 30, 2019.”

  • REO Extension As defined in Section 3.16(a).

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Non-Renewal Notice shall have the meaning set forth in Section 2.

  • Extended Terms shall have the meaning given such term in Section 2.4.

  • Extension Notice has the meaning specified in Section 308.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Service Extension shall have the meaning set forth in Section 7.1(c).

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.