Replacement Tenant Sample Clauses

Replacement Tenant. If an eligible replacement tenant ("Replacement Tenant") is identified to move into the Rental Property, the Replacement Tenant may begin occupancy at any time between the move-out date and the remainder of the term. Immediate occupancy by a Replacement Tenant after Tenant's move-out date is dependent on the availability of a Replacement Tenant and the cleaning and preparation of the Rental Property. Tenant understands that there is a risk that no suitable Replacement Tenant may be found. Applicants on the wait list will receive priority over applicants procured by Tenant.
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Replacement Tenant. If Housing Services identifies a Replacement Tenant to move into the Rental Property, the Replacement Tenant may begin occupancy at any time. The Occupancy Date by a Replacement Tenant after Tenant's Move-out Date is dependent on the availability of an eligible Replacement Tenant’s acceptance of the Rental Property and the ready date of the Rental Property after turnover. Tenant’s Rent Responsibility ends on the Replacement Tenant’s Occupancy Date. Tenant understands that there is a risk that no suitable Replacement Tenant may be found.
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Replacement Tenant. If TENANT finds a replacement tenant acceptable to LANDLORD and LANDLORD expressly approves the replacement tenant, the replacement tenant must sign a new lease contract for the remainder of the TERM. Unless LANDLORD agrees otherwise in writing, TENANT’S SECURITY DEPOSIT will automatically transfer to the replacement tenant as of the date LANDLORD approves such new lease. This LEASE shall be considered terminated when the replacement lease is signed by LANDLORD and LANDLORD receives all outstanding payments and fees due from TENANT, including a rekeying fee if rekeying is requested by the replacement tenant or required. TENANT will no longer have a right to occupy the UNIT or a SECURITY DEPOSIT refund.
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Replacement Tenant. A. At any time from the date this Agreement is signed through the Occupancy End date, Student may propose to Landlord a suitable eligible student replacement tenant to accept Student’s obligations under this Agreement. Landlord shall not unreasonably decline to accept an eligible student replacement tenant.
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Replacement Tenant. It is agreed that on the date hereof, Kazbor’s is not in default. Furthermore, it is understood that as part of this transaction Seller shall have the right to subsidize Kazbor’s rent and such action shall not be deemed a default under the Kazbor’s Lease. In the event that during the term of the Guarantee Period, Kazbor’s materially defaults under the terms of the Kazbor’s Lease and fails to timely cure such default pursuant to the terms of the Kazbor’s Lease, and as a result of such default, Purchaser chooses to evict Kazbor’s, then (i) Seller shall be entitled to any remaining portion of Kazbor’s $14,355.00 security deposit (to the extent not required to repair any damage to the Property caused by Kazbor’s) and (ii) Seller shall have the option to release the Kazbor’s Space to one or more replacement tenants with acceptable credit worthiness and which is (are) reasonably acceptable to Purchaser (each a “Replacement Tenant”). Seller shall submit any proposed leases for a Replacement Tenant to Purchaser, which Purchaser shall approve within ten (10) business days of receipt of such lease, such approval to not be unreasonably withheld. In the event the term of the Replacement Tenant’s lease (“Replacement Tenant Lease”) shall be for a period extending beyond the Guarantee Period, then in no event shall the Rent and CAM required under such Replacement Tenant Lease for such period be less than the Rent and CAM required under the Kazbor’s Lease for the corresponding lease year and in no event shall the term of the Replacement Tenant Lease extend beyond the original term and two renewal periods set forth in the Kazbor’s Lease. In the event the landlord is required to pay leasing commissions (to parties other than the Seller or its affiliates) (“L.C.”) or tenant improvement costs (“T.I.”) in connection with the Replacement Tenant Lease, then (i) Seller shall be responsible for paying directly to the appropriate parties (not out of the escrow funds) a proportionate share of the L.C. and T.I based on the ratio of the remaining term of the Guarantee Period divided by the term of the Replacement Tenant Lease and (ii) Purchaser shall be responsible for paying directly to the appropriate parties (not out of the escrow funds) the remainder of the L.C. and T.I. Notwithstanding the foregoing, all L.C. and T.I. required in connection with the Replacement Tenant Lease must be previously approved by Purchaser, which approval shall not be unreasonably withheld, and any amount...
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Replacement Tenant. Landlord shall not be required to accept any Related Entity as a tenant (regardless of their operational abilities and credit rating) or any proposed tenant which proposes a change in the use of the Premises permitted under this Lease to a use which: (i) violates any prohibition on use in the Building; (ii) is incompatible with the nature and character of the Building; (iii) creates a parking demand or demand on Building equipment, facilities and systems in excess of the demand created by Tenant; or (iv) conflicts with any other existing tenant use in the Building, or with any use of any person or entity that is at that time a lease prospect of Landlord for other space in the Project. Landlord shall not be required to relet the Premises to a tenant pursuant to any proposed lease (i) that is not approved by a Mortgagee or Ground Lessor; (ii) that would cause Landlord to be in default of, or to be unable to perform any of its covenants or obligations under, any agreements between Landlord and any third party; or (iii) that would vary the terms of Landlord’s standard lease form in any manner that is not reasonably acceptable to Landlord. Landlord shall not be required to re-let the Premises for a term longer than the Term, unless the rents for any period after the end of the Term are the then prevailing fair market rates; provided, however, that, during any period of re-letting during the Term, Landlord shall be required to re-let the Premises at a base rental rate that is, at a minimum, equal to the lesser of the prevailing fair market rates and the Basic Rent provided under this Lease. Before re-letting the Premises to any replacement tenant, Landlord may require the proposed replacement tenant to demonstrate the same financial capability that Landlord would require from any other lease prospect as a condition to leasing any other space in the Project.
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Replacement Tenant. Landlord shall have the right to hold the property vacant until an acceptable, creditworthy tenant is located who is willing to rent the premises for a reasonable term. A reasonable term shall be defined as between 6 months and one year, depending upon market conditions, time of leasing and time of expiration of this lease so as not to place the landlord in a position which would adversely affect their ability to rent or negatively impact their cash flow because of Tenants early termination. This shall be considered adequate mitigation.
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Replacement Tenant. The Replacement Tenant agrees with the Landlord and the Remaining Tenant(s) that from the date of assignment and thereafter during the remainder of the tenancy created by the Agreement, the Replacement Tenant will discharge and perform all obligations and make all due payments contained in the Tenancy Agreement. The Landlord consents to the assignment Signed by Landlord_______________________________________________ Signed by Remaining Tenant(s) ________________________________________________Date:____________ ________________________________________________Date:____________ ________________________________________________Date:____________
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Related to Replacement Tenant

  • Landlord Repairs Notwithstanding anything contrary herein, Landlord shall repair, replace and restore the foundation, exterior and interior load-bearing walls, roof structure and roof covering and tuckpointing of the Property; provided, however, that (i) all costs and expenses so incurred by Landlord to repair, replace and restore the above items shall constitute Operating Expenses; provided, however, that with respect to any costs incurred in the replacement context, those costs shall not constitute an Operating Expense except to the extent that such costs so qualify under SECTION 3.1.1(vii); and (ii) notwithstanding (i) above, in the event that any such repair, replacement or restoration is necessitated by any or all of the matters set forth in SECTIONS 13.1(a) through (d) above (collectively, "TENANT NECESSITATED REPAIRS"), then Tenant shall be required to reimburse Landlord for all costs and expenses that Landlord incurs in order to perform such Tenant Necessitated Repairs, and such reimbursement shall be paid, in full, within 10 days after Landlord's delivery of demand therefor. Landlord agrees to commence the repairs, replacements or restoration described in this SECTION 13.2 within a reasonable period of time after receiving from Tenant written notice of the need for such repairs.

  • Lessee The related Lessee is a Person other than MBFS USA, any Affiliate thereof or a Governmental Authority and, at the time of origination of the 201[__]-[__] Lease, based on information provided by the Lessee, the Lessee is located in and has a billing address within a State.

  • Multi-Tenant Floors If other tenants occupy space on the floor on which the Premises is located, Tenant’s identifying signage shall be provided by Landlord, at Tenant’s cost, and such signage shall be comparable to that used by Landlord for other similar floors in the Building and shall comply with Landlord’s then-current Building standard signage program.

  • Tenant The complete name of every Tenant who will enter this lease with the intention of renting the Landlord’s property as a month-to-month rental is a necessary part of this document’s introduction. (3)

  • Substitute Premises The “Substitute Premises” shall mean a parcel of land located by itself on a separate tax parcel with a completed building constructed thereon, with respect to which a certificate of occupancy has been issued and all other licenses and permits have been received, provided, however, that such land and building shall have a then-current appraised value at least equal to the current appraised value of the Premises (or in the case of damage or destruction the anticipated appraised value of the building) upon completion of the Building. Notwithstanding the immediately preceding sentence, the Substitute Premises shall not be required to be located in the same state as the Premises if Master Tenant pays to or for the benefit of Landlord all costs and expenses incurred by Landlord and Fee Mortgagee in connection with the acquisition and ownership of such property which would not have been incurred had the Substitute Premises been located in the same state as the Premises.

  • Lessor The Lessor designated on this Lease and its respective successors and assigns. Lessor Indemnified Party: Lessor, any Affiliate of Lessor, including the Company, any other Person against whom any claim for indemnification may be asserted hereunder as a result of a direct or indirect ownership interest in Lessor, the officers, trustees, directors, stockholders, partners, members, employees, agents and representatives of any of the foregoing Persons and of any stockholder, partner, member, agent, or representative of any of the foregoing Persons, and the respective heirs, personal representatives, successors and assigns of any such officer, trustee, director, partner, member, stockholder, employee, agent or representative.

  • Sublessees of Tenant Whether or not Landlord elects to terminate this Lease on account of any default by Tenant, as set forth in this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Tenant and affecting the Premises or may, in Landlord’s sole discretion, succeed to Tenant’s interest in such subleases, licenses, concessions or arrangements. In the event of Landlord’s election to succeed to Tenant’s interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder.

  • Landlord’s Entry Subject to the terms of Sections 9.5 and 9.6, without limiting the terms of Section 5.5, Landlord and Landlord’s Agents may during reasonable times and upon at least twenty-four (24) hours’ prior written notice to Tenant enter the Premises to: (a) inspect the Premises and/or audit Tenant’s records to verify that Tenant has complied with its obligations under this Lease and, subject to any limitations set forth in the Collateral Agreements, its obligations under the Collateral Agreements; (b) subject to any limitations set forth in the Collateral Agreements, perform quality assurance audits, observe progress of the Development Services, discuss the Development Services with relevant Tenant personnel, and inspect records and data relevant to the Development Services; (c) show the Premises to prospective purchasers, mortgagees and, during the last eighteen (18) months of the Term, tenants; (d) maintain, repair, operate and monitor (or cause the applicable utility provider to do the same) the Roof Solar Array, Fuel Cell and Electrical Substation; (e) post notices of non-responsibility or other protective notices if available under applicable Laws; or (f) from time to time, undertake additional improvements to the Building as Landlord deems reasonably necessary to perform Landlord’s obligations under this Lease or to comply with Law. Landlord may in the event of any emergency (which means a sudden or unanticipated event which may cause injury, loss of life or material damage to property) enter the Premises without notice to Tenant for the purpose of protecting life or property. No such entry shall be construed to be a forcible or unlawful entry into, or a detainer of, the Premises, or an eviction of Tenant from the Premises. Landlord may temporarily close entrances, doors, corridors, elevators or other facilities without liability to Tenant by reason of such closure in the case of any such emergency.

  • LANDLORD The covenants and obligations contained in this Lease on the part of Landlord are binding on Landlord, its successors, and assigns only during their respective period of ownership of an interest in the Building. In the event of any transfer or transfers of such title to the Building, Landlord (and, in the case of any subsequent transfers or conveyances, the then grantor) shall be concurrently freed and relieved from and after the date of such transfer or conveyance, without any further instrument or agreement, of all liability with respect to the performance of any covenants or obligations on the part of Landlord contained in this Lease thereafter to be performed.

  • Landlord Improvements Landlord will construct a laboratory build-out for the Premises ("Landlord Improvements") pursuant to plans submitted by Landlord to Tenant and reasonably approved by Tenant ("Plans"), which shall be consistent with the floor plan attached hereto as Exhibit "C." The Plans generally shall provide for the Landlord Improvements to be constructed in order to accommodate generally accepted generic biotechnical laboratory uses, except as Landlord may otherwise agree. Unless otherwise determined by Landlord, the Tenant Improvements shall include the construction of an energy efficient electronically controlled central HV/AC plant. Within five (5) days after the Effective Date, Tenant shall provide to Landlord for Landlord's review and approval the following: (i) a proposed detailed list of equipment for the Premises, with the make, model, and specifications, and (ii) a detailed chemical inventory, with all codes and classifications. Tenant shall provide to Landlord such other information as Landlord may reasonably request for construction of the Landlord Improvements within five (5) days after written request therefor. Tenant shall provide written notice of its disapproval of the Plans within five (5) days after the Plans have been submitted detailing its precise reasons for disapproval. The failure of Tenant to disapprove the Plans in writing within a five (5) day period shall be conclusively deemed Tenant's approval of the Plans. Landlord shall have its architect revise the Plans to remedy any reasonable objections of Tenant, and Tenant shall have an additional five (5) day period to review the revised Plans to reasonably determine if such objections were satisfied; provided, however, Tenant shall make no new objections to the Plans. If there are any reasonable objections not addressed by revised Plans, the review procedure shall be repeated until all Tenant's objections are reasonably satisfied. If Tenant has not fully approved the Plans within sixty (60) days after the date such plans were first submitted to Tenant hereunder, Landlord at its sole election may terminate this Lease. Tenant shall timely sign and submit to Landlord a Certificate of Approval of Tenant Improvement Plans in the form as shown in Exhibit "F" attached to this Lease and incorporated herein by this reference ("Certificate"). In the case where Tenant is deemed to have approved the Plans on account of Tenant's failure to timely respond following the delivery of the Plans, such approval shall be deemed to have been given in accordance with the terms of the Certificate. Tenant acknowledges that Landlord may reasonably change the Plans as required by Applicable Law or unforeseen circumstances.

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