Previous Lease definition
Examples of Previous Lease in a sentence
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 annual increase shall be calculated by determining the Escalation Factor and adding it to the Base Rent for the Previous Lease Year.
The Tenant did not exercise the option to renew under the Previous Lease.
For the purposes of this lease only, the terms of the Previous Lease shall be varied as set out in Schedule 1 and this lease shall be read and construed accordingly.
Pursuant to Rule 14.22 of the Listing Rules, the transactions contemplated under the Sichuan Airlines Aircraft Lease Agreements shall be aggregated together with the Previous Lease Agreement.