Surrender of Lease definition

Surrender of Lease means the surrender of lease described in Recital A above.
Sample 1
Surrender of Lease. The voluntary or other surrender of this lease by Lessee, or a mutual cancellation thereof, shall not work a merger and shall, at the option of Lessor, terminate all or any existing sublease or sub- tenancies, or may, at the option of Lessor, operate as an assignment to him of any or all such subleases or sub-tenancies.
Sample 1
Surrender of Lease means the surrender of Lease referred to in clause 50. "TA" means Tennis Australia.
Sample 1

Examples of Surrender of Lease in a sentence

  • Deed of Surrender of Lease means a deed to be entered into between Council and IGS to give effect to the surrender of the Existing Lease, which Deed shall contain the key terms specified in Part B of the Terms Sheet and such other terms and conditions as are reasonable agreed between the parties Existing Lease means the lease dated 23 March 2015 between Council as landlord and IGS as tenant in respect of the Premises.

  • In order to fund the early development costs of the SUB, the SFSS and SFU signed a Partial Surrender of Lease Agreement in 2015 wherein SFSS agreed to vacate part of its leased MBC space upon completion of the SUB.

  • BACKGROUNDCouncil at its ordinary meeting held on the 11th March 2016 resolved, to apply the Shire of East Pilbara common seal to the Deed of Surrender of Lease and Assignment of Subleases document for Newman House, thus resulting in the Shire of East Pilbara now being responsible for the facility and the operations, including all leases.

  • An expired lease of freehold land can be removed by a Surrender of Lease (see Section 2 above) (preferred) or the registered proprietor/lessor of the land can apply to the Commissioner of Titles on an Application form, for the removal of the expired lease on the grounds that the term of the lease and any extensions and/or options to renew have expired.

  • Lessee may surrender and cancel this Lease as to all or any part of the Leased Premises by recording a Surrender of Lease and if partially surrendered, any payments by Lessee provided for in this Lease shall be reduced in proportion to the acreage surrendered if applicable.

  • A Surrender of Lease may be prepared using the electronic Remove Interest – Lease/Sub-Lease form (available at https://www0.landgate.wa.gov.au/for-individuals/forms-and-fees/land-titling-forms) for a surrender of a lease/sub-lease of freehold land or a surrender of a lease/sub-lease of Crown land.

  • In 2015 the Royal Order of Buffaloes completed the Surrender of Lease documents with the Shire of East Pilbara, and the Newman Congregation of Jehovah’s was advised they could continue to use the facility until 31st December 2015, but where required to pay for all outgoings to the facility and maintain the premises.

  • Upon the expiration of earlier termination of this lease, the Lessee shall peaceably surrender and deliver the subject premises to the Lessor in good, Safe and substantial conditions of repair, excepting ordinary wear and tear.It is understood that this lease is subject to all of the provisions and covenants of the Quitclaim and Surrender of Lease dated August 2, 1947, as modified by public law 31-311, effective October 1, 1949.

  • Therefore, an amendment to the Partial Surrender of Lease is needed to extend the deadline by which the SFSS must move out of the MBC.

  • Alternatively, the following forms may be used: - Surrender of a Lease form for a surrender of a lease/sub-lease of freehold land; or - Surrender of Lease form for a surrender of a lease/sub-lease of Crown land.

Related to Surrender of Lease

  • Assignment of Lease means the Assignment of Lease to be executed by the Seller at the Closing with respect to each parcel of Leased Real Property listed on Section 3.16(b) of the Disclosure Schedule, in a form to be mutually agreed by the Seller and the Purchaser.

  • 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;

  • 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.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • 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.

  • Master Lease This Schedule is issued pursuant to the Lease identified on page 1 of this Schedule. All of the terms and conditions of the Lease are incorporated in and made a part of this Schedule as if they were expressly set forth in this Schedule. The parties hereby reaffirm all of the terms and conditions of the Lease (including, without limitation, the representations and warranties set forth in Section 8) except as modified herein by this Schedule. This Schedule may not be amended or rescinded except by a writing signed by both parties. CHEMDEX CORPORATION COMDISCO, INC. AS LESSEE AS LESSOR By: /s/ Xxxxx X. Xxxxx By: /s/ Xxxx X. Xxxxxx ------------------- --------------------- Title: CEO Title: SR VP ----------------- ------------------- Date: Date: ----------------- ------------------- EXHIBIT 1 SUMMARY EQUIPMENT SCHEDULE -------------------------- This Summary Equipment Schedule dated XXXX is executed pursuant to Equipment Schedule No. X to the Master Lease Agreement dated XXXX between Comdisco, Inc. ("Lessor") and XXXX ("Lessee"). All of the terms, conditions, representations and warranties of the Master Lease Agreement and Equipment Schedule No. X are incorporated herein and made a part hereof, and this Summary Equipment Schedule constitutes a Schedule for the Equipment on the attached invoices.

  • Original Lease shall have the meaning given such term in the recitals to this Agreement.

  • 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:

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

  • 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.

  • Sublease Agreement means that certain Sublease Agreement, dated as of May 1, 2021 by and between the Company and the Agency.

  • Assignment of Leases and Rents means the Assignment of Leases and Rents, executed by Borrower for the benefit of Lender, and pertaining to leases of space in the Project.

  • this Lease means the relevant portion of Articles 1 through 29 of this Office Lease to which this Tenant Work Letter is attached as EXHIBIT B and of which this Tenant Work Letter forms a part, and all references in this Tenant Work Letter to sections of "this Tenant Work Letter" shall mean the relevant portion of Sections 1 through 7 of this Tenant Work Letter.

  • Premises Building Total Destruction means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is fifty percent (50%) or more of the then Replacement Cost of the Building.

  • Head Lease or “Superior Lease” means the document which sets out the promises the Landlord has made to the Superior Landlord. The promises contained in this Head Lease will bind the Tenant if he has prior knowledge of those promises.

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Lease Assignment has the meaning set forth in Section 3.5(d).

  • Landlord Access Agreement means a Landlord Access Agreement, substantially in the form of Exhibit G, or such other form as may reasonably be acceptable to the Administrative Agent.

  • Subleased Premises means all that portion of the Leased Premises referred to as airport lot as outlined on the site diagram attached as Schedule "A" to this Sublease; and

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

  • Leasehold Mortgage means a mortgage, a deed of trust, a deed to secure debt, or other security instrument by which the Leasehold is mortgaged, conveyed, assigned, or otherwise transferred to secure a debt or other obligation.

  • Second Mortgage means a mortgage from which the proceeds of a loan or other extension of credit made by a third person are secured by a mortgage on the real property for which the mortgagor has used the proceeds of the loan or other extension of credit to pay all or part of the purchase price of the property.

  • Release Instruments is defined in Section 11.12(f).

  • Lease Supplement means a Lease Supplement, substantially in the form of Schedule 2 hereto, to be entered into between Lessor and Lessee on the Delivery Date for the purpose of leasing the Aircraft under and pursuant to the terms of this Agreement, and any subsequent Lease Supplement entered into in accordance with the terms of this Agreement.