Reconduction Sample Clauses
The Reconduction clause defines the automatic renewal or extension of an agreement upon its expiration unless one party provides notice to terminate. Typically, this clause specifies the conditions under which the contract will continue, such as the renewal period and the required notice timeframe for non-renewal. Its core practical function is to ensure continuity of the contractual relationship without the need for renegotiation, thereby preventing accidental lapses in agreement coverage.
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Reconduction. In the event the Lessee remains in possession of the Premises after the expiration of this lease and without the, execution of a new lease, he shall be deemed to be occupying the Leased Premises only as a tenant from month-to-month, subject to all of the conditions, provisions, and obligations of this lease insofar as the same are applicable to a month-to-month tenancy, but such occupancy shall not affect a reconduction of the lease.
Reconduction. Once the initial term of this Lease has expired, if the LESSEE does not exercise any of its subsequent options to extend, or once any extension of this Lease has expired the Lease shall terminate on the expiration date of the term then in effect and LESSEE shall surrender possession of the premises under the provisions of Section 7 of this Lease.