Examples of Previous Lease in a sentence
The Previous Lease Agreement entered into between the Company and Changshou Iron & Steel on 27 December 2019 will expire on 31 December 2020.
Landlord and Tenant shall then execute an amendment recognizing the Fair Market Rent for the Renewal Term and the fact Tenant shall pay ninety-five percent (95%) of such Fair Market Rent or the Basic Rent for the Previous Lease Year, whichever is greater.
The Previous Lease Agreement entered into between the Company and Changshou Iron & Steel on 19 December 2018 will expire on 31 December 2019.
The Previous Lease is replaced in its entirety by this Lease as of the Commencement Date (hereinafter defined) of this Lease.
The total rent paid by the Company, pursuant to the Previous Lease, for the space rent, parking spaces, Unitronics Maintenance Fees and Keshet Maintenance Fees, plus linkage differences as specified above, is NIS 105,000 per month (linked until the March 2015 CPI).The Company needs to continue using the offices and facilities in the leased space in Unitronics Building, in view of the volume and complexity of its business activities and the number of staff employed by the Company.