EXPIRATION OF THE LEASE Sample Clauses

EXPIRATION OF THE LEASE. The Lessee shall, on or prior to the expiration or sooner termination of the Lease, peaceably surrender unto the Lessor the Premises, including the constructions, modifications, and improvements that have been made at anytime during the Term, in good repair and condition, subject to any wear and tear. (“Wear and Tear” shall exclude any damage caused to the carpets, and this, if such damage results from the fact that the Lessee neglected to place a protective covering under the caster chairs). If the Lessee fails to respect its obligations at the expiration or sooner termination of the Lease, the Lessor may clean and repair the Premises and may invoice the cost of same to the Lessee, and upon receipt of the invoice, the Lessee must pay to the Lessor the amount of the invoice, plus a 15% administration fee. No prior notice to the Lessee is necessary prior to carrying out any cleaning and repairs to the Premises. Notwithstanding the foregoing provisions, on or prior to the expiration or sooner termination of the Lease, the Lessee shall, upon request by the Lessor, remove all or specified constructions, modifications, and improvements in the Premises (except for those constructions, modifications, and improvements that the Lessor permits the Lessee to leave in the Premises), and the Lessee shall be bound to restore the Premises to their original condition, subject to any Wear and Tear. If the Lessee is not obligated to remove all or part of the constructions, modifications, and improvements, the Lessor shall retain them without any compensation to the Lessee. The Lessee must, at or prior to the expiration or sooner termination of the Lease, return to the Lessor all keys to the Premises and leave the Premises free of all moveable effects that belong to the Lessee or that have been placed in the Premises by the Lessee, in default whereof, Lessee does hereby authorize the Lessor to sell, use, destroy or otherwise dispose of any remaining moveable effects, as Lessor sees fit, the whole without compensation to, or claim from Lessee. In addition thereto, Lessee shall be held responsible for (a) over hold rental or interim storage costs, (b) costs associated with removal and disposal of its moveable effects and (c) any damage caused to the Premises by the removal of the moveable effects.
Sample 1Sample 2
AutoNDA by SimpleDocs
EXPIRATION OF THE LEASE. When you leave upon expiry of the lease, YOU MUST INFORM THE DORM MANAGER, CHECK OUT AND RETURN THE KEYS or you lose your deposit. PLEASE INITIAL
Sample 1Sample 2
EXPIRATION OF THE LEASE. 1. The lease term is one year. When the lease contract expires, Party A shall take Party B as the first person intending to renew the lease.
Sample 1
EXPIRATION OF THE LEASE. If Party B desires to renew the lease, Party B must submit request for renewal prior to the expiration of the lease, and Party B shall have the priority right under the same terms and conditions.
Sample 1
EXPIRATION OF THE LEASE. Tenant’s obligation to vacate and deliver the Surrender Premises shall be subject to Landlord’s completion of the work set forth in Section 7.1(b) below. Landlord agrees to use commercially reasonable efforts to find a new tenant for the Surrender Premises.
Sample 1
EXPIRATION OF THE LEASE. (a) The Lessee shall give notice to the Lessor, not less than twelve (12) months prior to the Expiration Date, if it intends to abandon the Property as of the Expiration Date and pay to the Lessor on the Expiration Date any Basic Rent, Additional Rent and any other amounts then due and payable to the Lessor hereunder (and the failure to give such notice shall constitute a notice that the Lessee will exercise its Option to Purchase the Property on the Expiration Date (unless earlier purchased in accordance with paragraphs 14 and 15)). Upon the giving of such notice that it intends to abandon the Property, the Lessee shall be obliged to comply with the requirements of paragraph 27(b)(i) hereof. The Lessee shall not be entitled to give such notice, or to abandon the Property, if the Property is included on the CERCLIS list maintained by the U.S. Environmental Protection Agency, unless such agency has issued a no further action letter in connection therewith.
Sample 1
EXPIRATION OF THE LEASE. The Lease shall terminate upon expiration. Party B shall give a 30 day’s written notice to Party B in order to renew the Lease. Parties may enter into a new lease with mutually agreed rent and term renegotiated. Party B shall have the priority to enter into a new lease under the same terms and conditions.
Sample 1
AutoNDA by SimpleDocs
EXPIRATION OF THE LEASE. 18.1 The Lease shall terminate by the sole operation of law and without notice on the date stipulated in article 1.1.3 unless Tenant has validly exercised its option to renew under article 1.1.13 II) of this Lease and occupation of the Leased Premises by the Tenant after such date shall not have the effect of extending the Lease or of renewing the Lease for any period of time, by tacit renewal or otherwise. The Tenant shall then be deemed to occupy the Leased Premises against the Landlord’s will, who may exercise any recourse available by law to evict the Tenant and claim damages from the Tenant.
Sample 1

Related to EXPIRATION OF THE LEASE

  • Term of the Lease The lease begins at p.m. on (the “Check-in Date”) and ends at a.m. on (the “Checkout Date”).

  • Expiration of Term During the Initial Term or Renewal Term, whichever currently is in effect, should either party exercise its right to terminate, all out-of-pocket expenses or costs associated with the movement of records and material will be borne by the Fund. Additionally, the Transfer Agent reserves the right to charge for any other reasonable expenses associated with such termination.

  • Extension of the Term The Term may be extended at the option of NAI for up to two successive periods of five years each; provided, however, that prior to each such extension the following conditions must have been satisfied: (A) NAI must have delivered a notice of its election to exercise the option at least one hundred eighty days prior to the end of the Term, and prior to the commencement of any such extension BNPPLC and NAI must have agreed in writing upon, and received the written consent and approval of BNPPLC’s Parent and all Participants (other than Participants being replaced at the request of NAI as provided in Paragraph 6) to, (1) a corresponding extension of the date specified in clause (1) of the definition of Designated Sale Date in the Common Definitions and Provisions Agreement and of the term of the Ground Lease, and (2) an adjustment to the Rent that NAI will be required to pay during the extension, it being expected that the Rent for the extension may be different than the Rent required for the original Term or any prior extension, and it being understood that the Rent for any extension must in all events be satisfactory to both BNPPLC and NAI, each in its sole and absolute discretion; (B) at the time of NAI’s exercise of its option to extend, no Event of Default has occurred and is continuing, and no Event of Default will result from the extension; (C) immediately prior to any such extension, this Lease must then remain in effect; and (D) if this Lease has been assigned by NAI, then NAI must have executed a guaranty (or confirmed an existing guaranty, if applicable), guaranteeing NAI’s assignee’s obligations under the Operative Documents throughout such extended Term. With respect to the condition that BNPPLC and NAI must have agreed upon the Rent required for any extension of the Term, neither NAI nor BNPPLC is willing to submit itself to a risk of liability or loss of rights hereunder for being judged unreasonable. Similarly, neither BNPPLC’s Parent nor any Participant is expected to submit itself to a risk of liability or loss of rights for being judged to have unreasonably withheld consent or approval to any extension of the Term. Accordingly, NAI, BNPPLC, BNPPLC’s Parent and Participants will each have sole and absolute discretion in making its determination, and both NAI and BNPPLC hereby disclaim any obligation express or implied to be reasonable in negotiating the Rent for any such extension. Subject to the changes to the Rent and satisfaction of the other conditions listed in this subparagraph, if NAI exercises its option to extend the Term as provided in this subparagraph, this Lease will continue in full force and effect, and the leasehold estate hereby granted to NAI will continue without interruption and without any loss of priority over other interests in or claims against the Property that may be created or arise after the Effective Date and before the extension.

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

  • Expiration No Person shall have any rights whatsoever pursuant to this Agreement or in respect of any Right after the Expiration Time, except the Rights Agent as specified in Subsection 4.1(a) of this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.