Lease Agreement Extension Sample Clauses

Lease Agreement Extension. 4.1. Provided that the Lessee properly performs its obligations hereunder, the Lessee shall, all other conditions being equal, have a preemptive right to sign the Lease Agreement for a new Lease Period (extend the Lease Period) on the same terms as provided in the Lease Agreement, except for the Basic Lease Payment which shall be additionally agreed by the Parties within 6 (Six) months prior to expiration of the Lease Period and shall reflect the Current Market Lease Rate (which does not include Operating Costs and Utilities).
Sample 1
AutoNDA by SimpleDocs
Lease Agreement Extension. 4.1. Provided that the Lessee properly performs its obligations hereunder, the Lessee shall, all other conditions being equal, have a preemptive right to sign the Lease Agreement for a new Lease Period (extend the Lease Period) on the same terms as provided in the Lease Agreement, except for the Basic Lease Payment which shall be additionally agreed by the Parties within 6 (Six) months prior to expiration of the Lease Period and shall reflect the Current Market Lease Rate (which does not include Operating Costs and Utilities). To exercise its preemptive right to extend the Lease Agreement, the Lessee shall inform the Lessor in writing of its intention to extend the Lease Agreement within 12 (Twelve) months prior to expiration of the Lease Period. If the Lessee fails to provide a notice within the above term, the Lease Agreement shall be considered terminated upon expiration of the initial Lease Period.
Sample 1
Lease Agreement Extension. If the ADWR has adopted a final rule or substantive policy statement that enables the Lease Water to be counted as part of Tempe’s Assured Water Supply if the term of this Lease is extended, the WMAT agrees to meet with Tempe and discuss the extension of the term of the Lease Agreement within the time-frame required by the applicable ADWR rule or substantive policy statement.
Sample 1

Related to Lease Agreement Extension

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Lease Amendment The Lease shall be amended or modified by a written rider to the Lease signed by both parties, except for the following:

  • Term of Contract; Contract Extension The Contract will be in effect from the Effective Date (15 December 2016) through 31 December 2018. DAS, in its sole discretion, may extend this Contract for additional terms beyond the original term, prior to Termination or expiration, one or more times for a combined total period not to exceed the complete length of the original term.

  • Contract Extension The City may, in its sole discretion, unilaterally exercise an option to extend the Contract as described in the Contract Documents. In addition, the City may, in its sole discretion, unilaterally extend the Contract on a month-to-month basis following contract expiration if authorized under Charter section 99 and the Contract Documents. Contractor shall not increase its pricing in excess of the percentage increase described in the Contract.

  • Lease Extension Lessee may request Lessor to extend the original Scheduled Expiration Date of each Lease Agreement for an additional period of three (3) years by appropriately completing, executing and delivering to Agent a written request in the form of Exhibit G(2), together with an attachment thereto setting forth the terms upon which Lessee would propose for the requested extension (a "Lease Extension Request"). Lessee shall deliver each Lease Extension Request to Agent not more than twelve (12) months and not less than nine (9) months before the original Scheduled Expiration Date. Agent shall promptly deliver to Lessor and each Participant three (3) copies of each Lease Extension Request received by Agent. If Lessor or a Participant, in its sole and absolute discretion, consents to a Lease Extension Request, such Person shall evidence such consent by executing and returning two (2) copies of such Lease Extension Request to Agent not later than the last Business Day which is not less than seven (7) months prior to the original Scheduled Expiration Date for the applicable Lease Agreement. Any failure by Lessor or any Participant so to execute and return a Lease Extension Request shall be deemed a denial thereof. If Lessee shall deliver a Lease Extension Request to Lessor pursuant to the first sentence of this Subparagraph 2.09(b), then not later than the last Business Day which is not less than six (6) months prior to the original Scheduled Expiration Date for the applicable Lease Agreement, Agent shall notify Lessee, Lessor and the Participants in writing whether (i) Agent has received a copy of the Lease Extension Request executed by Lessor and each Participant, in which case the definition of "Scheduled Expiration Date" set forth in Subparagraph 2.02(a) of the applicable Lease Agreement shall be deemed extended to the date which is three (3) years after the original Scheduled Expiration Date (subject to the receipt by Agent of any amounts payable by Lessee in connection with such extension), or (ii) Agent has not received a copy of the Lease Extension Request executed by Lessor and each Participant, in which case such Lease Extension Request shall be deemed denied. Lessee acknowledges that neither Lessor nor any Participant has promised (either expressly or implicitly), or has any obligation or commitment, to extend or consent to the extension of the Scheduled Expiration Date for either Lease Agreement at any time.

  • AGREEMENT RENEWAL This Agreement shall not bind nor purport to bind the AZDOHS for any contractual commitment in excess of the original Agreement period.

  • Agreement to Lease Landlord agrees to lease to Tenant and Tenant agrees to lease from Landlord, according to the terms and conditions set forth herein, the Premises.

  • LEASE RENEWAL This Lease does not automatically renew and this Lease automatically terminates on the Lease Termination Date. Lessee may be given an opportunity to sign a new or renewal Lease for another Lease Term and remain in the Premises. If Lessee does not sign a new or renewal Lease, UTA may lease the Premises to another Lessee. In the event Lessee holds over beyond the expiration or sooner termination of this Lease, holdover penalties shall apply in accordance with the Terms and Conditions.

  • OFFICE LEASE This Office Lease (the “Lease”), dated as of the date (the “Effective Date”) set forth in Section l of the Summary of Basic Lease Information (the “Summary”), below, is made by and between XXXXXX REALTY, L.P., a Delaware limited partnership (“Landlord”), and ANAPTYSBIO, INC., a Delaware corporation (“Tenant”).

  • FIRST AMENDMENT TO LEASE This First Amendment to Lease (this “Amendment”), made as of March 16, 2006, by and between ARE-MA REGION NO. 28, LLC, a Delaware limited liability company (“Landlord”) and ALNYLAM PHARMACEUTICALS, INC., a Delaware corporation (“Tenant”).

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