Renewal of lease definition

Renewal of lease means execution of a lease between the licensee and a real property owner in which the total lease costs exceed the capital expenditure threshold.
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Renewal of lease means the process by which the lessee after the expiry of a lease seeks reallocation of the property and a new lease;
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Renewal of lease with Basfour 2639 Proprietary Limited, dated March 23, 2020, in respect of the premises located at 00 Xxxxxxx Xxxx, Pinetown, KwaZulu-Natal;
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Examples of Renewal of lease in a sentence

  • Landlord and Tenant have duly executed this First Amendment and Renewal of Lease on the day and year first above written.

  • As a result of exercising its Conversion Right for the Shared Area, Tenant’s First Right of Refusal, as described in Paragraph 6 of the Second Amendment and Renewal of Lease, is exercisable for the 2nd floor.

  • The annual base rental rate will be adjusted based on the revised Premises area, with the base rental rate per square foot remaining the same as outlined in the Second Amendment and Renewal of Lease.

  • Paragraph 6 the Second Amendment and Renewal of Lease is hereby deleted as to Tenant’s rights on 2nd Floor but remains in place as to available space in the Lower Level.

  • Except as modified by this Renewal of Lease Contract, the Original and all prior Amendments to Lease Contract remain unchanged and continue unabated in full force and effect.

  • Landlord and Tenant agree that executed counterparts of this Second Amendment and Renewal of Lease shall be attached to, and become a part of, the respective copies of said Lease now in the possession of each party hereto.

  • Landlord and Tenant agree that executed counterparts of this First Amendment and Renewal of Lease shall be attached to, and become a part of, the respective copies of said Lease now in the possession of each party hereto.

  • Per paragraph five of the Second Amendment and Renewal of Lease, Tenant has exercised its Conversion Right and will now occupy the 1,580 square feet of Shared Area on an exclusive basis.

  • Shopping Center Lease 11/1/91 Amendment of Lease 12/21/92 Consent to Assignment of Lease 9/19/00 Renewal of Lease 10/23/00 Second Amendment of Lease 2/23/12 Third Amendment of Lease 12/19/12 XXXXXXXX’X CORPORATION Lease of Retail Space 3/18/92 Storage Space Lease 1992 Amendment of Lease 6/10/2002 Second Amendment of Lease 2/19/08 MN HALAL FOODS, INC d/b/a Kabobs Indian Grill Lease of Retail Space 3/30/09 Storage Space Lease 12/9/11 Amendment to Storage Space 1/25/12 NICAR MANAGEMENT INC.

  • This Amendment and Renewal of Lease dated December 31, 2002 made between THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK, a New York non-profit corporation, having an address at 000 Xxx Xxxxxxxx Xxxxxxx, 000 Xxxx 000xx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 ("Landlord") and ORTEC INTERNATIONAL, INC., a ___________ corporation, having an address at 0000 Xxxxxxxx, 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 ("Tenant").

Related to Renewal of lease

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Master Lease means that certain [Master Lease title], relating to the leasing of, inter alia, the Healthcare Facility by Borrower to Master Tenant.

  • Landlord Agreement means an agreement substantially in the form provided by Lender to Borrower or such other form as Lender may agree to accept.

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Mining Lease means the mining lease granted pursuant to Clause 12 and includes any renewal thereof and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Memorandum of Lease means a memorandum of this Lease, in recordable form, setting forth the following provisions of this Lease: (a) all information any Law requires;

  • mineral lease means the mineral lease referred to in clause 8(1)(a) hereof and includes any renewal thereof;

  • Estoppel Letter A document executed by the Cooperative Corporation certifying, with respect to a Cooperative Unit, (i) the appurtenant Proprietary Lease will be in full force and effect as of the date of issuance thereof, (ii) the related stock certificate was registered in the Mortgagor's name and the Cooperative Corporation has not been notified of any lien upon, pledge of, levy of execution on or disposition of such stock certificate, and (iii) the Mortgagor is not in default under the appurtenant Proprietary Lease and all charges due the Cooperative Corporation have been paid.

  • Landlord Waiver means a letter in form and substance reasonably acceptable to the Administrative Agent and executed by a landlord in respect of Inventory of a Loan Party located at any leased premises of a Loan Party pursuant to which such landlord, among other things, waives or subordinates on terms and conditions reasonably acceptable to the Administrative Agent any Lien such landlord may have in respect of such Inventory.

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

  • SNDA has the meaning ascribed to such term in Section 7.3.

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • Assignment of Leases With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.