The Lease Term definition

The Lease Term. A period that commences on the Handover Date, i.e. November 1, 2019, and ends 36 calendar months later, namely October 31, 2022 (“the Lease Term”). It is agreed that during the Lease Term, the Lessee may terminate the lease in the Leasehold twenty four (24) months after the Handover Date (“the Exit Point”), subject following provisions. Termination of the lease at the Exit Point will be possible only subject to receipt of an unconditional written notice from the Lessee regarding its wish to terminate the lease in the Leasehold on the foregoing Exit Point date (“the Notice”), received by the Lessor at least 60 days prior to the Exit Point date (“the Date of Notice"). It is clarified that if the Lessee does not send the Notice by the Date of Notice, it shall not be entitled to exercise its right to the foregoing Exit Point. It is clarified that if the Lessee chooses to exercise its right to such Exit Point, exercise of the right will be subject to payment of an exit fee to the Lessor in an amount equal to the rent and management fees for one month’s lease of the Leasehold, when such sum is linked to the Base CPI plus VAT as required by law ("Exit Fee Payment").
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The Lease Term a term of 72 months, commencing immediately upon the transfer of possession of the Leased Premises to the Lessee.
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The Lease Term. For 2 years between May 1 '98 and Apr. 30, 2000.
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Examples of The Lease Term in a sentence

  • The Lease Term is for the period stated in Section 1.05 above and shall begin and end on the dates specified in Section 1.05 above, unless the beginning or end of the Lease Term is changed under any provision of this Lease.

  • The Lease Term shall commence on or has commenced on for a term of ending on .

  • The Lease Term shall be that period of time commencing on the Lease Commencement Date and ending on the Lease Expiration Date (the "Lease Term").

  • The Lease Term shall be that period of time commencing on the Lease Commencement Date and ending on the Lease Expiration Date (the “Lease Term”).

  • The Lease Term shall be for the period stated in the definition of that term, unless earlier terminated as provided in this Lease.

  • The Lease Term is for the period stated in Section 1.5 above and shall begin and end on the dates specified in Section 1.5 above, unless the beginning or end of the Lease Term is changed under any provision of this Lease.

  • The Lease Term is set forth in above Paragraphs 1.A. and 1.B., and thus the total amount of rent paid in the aforesaid monthly installments does not constitute nor shall it be construed as payment of rent for a different time period or lease term.

  • The Lease Term shall also include any properly exercised renewal or extension of the term of this Lease.

  • The Lease Term does not automatically renew on any basis or for any reason.

  • The Lease Term may be extended subject to the Tenant serving a two (2) months prior notice of its intent to renew the Lease and the Parties agreeing the terms of renewal.


More Definitions of The Lease Term

The Lease Term. As defined in Section 6 below, including Additional Lease Terms, as the case may be; "Quarter" Periods of three months each, starting on January 1, April 1, July 1 and October 1, in every calendar year; "the Architect, the Engineer" The Project Architect or Engineer or manager to be appointed from time to time by the Lessor;
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The Lease Term means 40 years starting on
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