Modification of Lease Terms Sample Clauses

Modification of Lease Terms. Neither Borrower nor any of its Subsidiaries will modify the terms of any Equipment Lease which constitutes Collateral to the extent that such modification would make an ineligible Equipment Lease eligible, without the prior written consent of Bank.
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Modification of Lease Terms. If Lessee attempts to change the Lease Terms under Section 6 after the entrance of the Lease Contract, Lessee must obtain an approval of Company.
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Modification of Lease Terms a. The base rate for the lease term shall be: 1/1/2018 - 11/30/2018 - $196,020.00/year; $16,335.00/month; $11.25/square foot 12/1/2018 - 11/30/2019 - $200,376.00/year; $16,698.00/month; $11.50/square foot
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Modification of Lease Terms. As of the Effective Date, the Lease is hereby amended as follows:
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Modification of Lease Terms. Tenant shall enter into --------------------------- any modification of the terms of this Lease requested by any bona fide institutional lender of Landlord to facilitate mortgaging, provided that such modification shall not alter the Basic Rent, additional rent or Term hereof. Not in limitation of the foregoing, it is agreed that if requested by any mortgagee, Tenant shall enter into an agreement with Landlord or such mortgagee, as requested, to the effect that this Lease shall not be modified or surrendered, nor rent prepaid, without the consent of such mortgagee.
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Modification of Lease Terms. (a) Notwithstanding anything contained in the Modified Lease to the contrary, if the Premises are not surrendered at the end of the Term or any sooner expiration of the New Lease, Tenant hereby indemnifies Landlord from and against all loss, cost, liability, claim, damage and expense (including, without limitation, reasonable attorneys' fees) resulting from delay by Tenant in so surrendering the Premises and Tenant, at the option of Landlord, shall be deemed to be occupying the Premises as a tenant from month-to-month, at a monthly rental equal to two times the Rent payable during the last month of the term of the New Lease and subject to all of the other terms of the New Lease insofar as the same are applicable to a month-to-month tenancy. Tenant's obligations under this paragraph (a) shall survive the termination of the New Lease.
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Related to Modification of Lease Terms

  • Modification of Lease Should any current or prospective mortgagee or ground lessor for the Building or Project require a modification of this Lease, which modification will not cause an increased cost or expense to Tenant or in any other way materially and adversely change the rights and obligations of Tenant hereunder, then and in such event, Tenant agrees that this Lease may be so modified and agrees to execute whatever documents are reasonably required therefor and to deliver the same to Landlord within ten (10) business days following a request therefor. At the request of Landlord or any mortgagee or ground lessor, Tenant agrees to execute a short form of Lease and deliver the same to Landlord within ten (10) business days following the request therefor.

  • Construction of Lease This Lease has been prepared by Landlord and its professional advisors and reviewed by Tenant and its professional advisors. Landlord, Tenant, and their advisors believe that this Lease is the product of all their efforts, that it expresses their agreement, and agree that it shall not be interpreted in favor of either Landlord or Tenant or against either Landlord or Tenant merely because of their efforts in preparing it.

  • Ratification of Lease Except as amended hereby, the Lease shall remain in full force and effect in accordance with its terms and is hereby ratified. In the event of a conflict between the Lease and this Amendment, this Amendment shall control.

  • Terms of Lease This lease shall be for a term of two (2) school semesters beginning on the 20th day of August 2021 and terminating without notice at 5:00 PM on the 20th day of May 2022. LESSEES shall move-in on a pre-scheduled date as indicated hereafter, and shall move-out at the end of the lease term after a move-out inspection has been completed by LESSOR.

  • Amendment of Lease The Lease is hereby amended as follows:

  • Execution of Lease This Lease may be executed in counterparts and, when all counterpart documents are executed, the counterparts shall constitute a single binding instrument. Landlord's delivery of this Lease to Tenant shall not be deemed to be an offer to lease and shall not be binding upon either party until executed and delivered by both parties.

  • Extension of Lease Term The Term of the Lease is hereby extended, pursuant to all of the terms and conditions of the Lease as amended, for an additional period of forty-two (42) months, ending on August 31, 2022 (the “First Extended Term”).

  • Termination of Lease Landlord may terminate Tenant’s interest under the Lease, but no act by Landlord other than notice of termination from Landlord to Tenant shall terminate this Lease. The Lease shall terminate on the date specified in the notice of termination. Upon termination of this Lease, Tenant will remain liable to Landlord for damages in an amount equal to the rent and other sums that would have been owing by Tenant under this Lease for the balance of the Lease term, less the net proceeds, if any, of any re-letting of the Premises by Landlord subsequent to the termination, after deducting all of Landlord’s Reletting Expenses (as defined below). Landlord shall be entitled to either collect damages from Tenant monthly on the days on which rent or other amounts would have been payable under the Lease, or alternatively, Landlord may accelerate Tenant’s obligations under the Lease and recover from Tenant: (i) unpaid rent which had been earned at the time of termination; (ii) the amount by which the unpaid rent which would have been earned after termination until the time of award exceeds the amount of rent loss that Tenant proves could reasonably have been avoided; (iii) the amount by which the unpaid rent for the balance of the term of the Lease after the time of award exceeds the amount of rent loss that Tenant proves could reasonably be avoided (discounting such amount by the discount rate of the Federal Reserve Bank of San Francisco at the time of the award, plus 1%); and (iv) any other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform its obligations under the Lease, or which in the ordinary course would be likely to result from the Event of Default, including without limitation Reletting Expenses described below.

  • Subordination of Lease This Agreement and Tenant's interest hereunder are and shall be subordinate, junior and inferior to any and all mortgages, liens or encumbrances now or hereafter placed on the Premises by Landlord, all advances made under any such mortgages, liens or encumbrances (including, but not limited to, future advances), the interest payable on such mortgages, liens or encumbrances and any and all renewals, extensions or modifications of such mortgages, liens or encumbrances.

  • Submission of Lease Submission of this instrument for examination or signature by Tenant does not constitute a reservation of, option for or option to lease, and it is not effective as a lease or otherwise until execution and delivery by both Landlord and Tenant.

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