Right to Renew. If Item 11 provides for a right to Renewed Terms and the Lessee has: (a) at all material times and in respect of each of the terms and conditions duly observed such terms and conditions of this Lease and (b) given to the Lessor not less than three months’ notice in writing prior to the Expiration Date (which notice shall be irrevocable) of intention to renew (c) the Lessor shall at the cost of the Lessee renew this Lease by way of a deed of renewal (or as near to it as circumstances require) for the next relevant further term of years fixed in Item 11 commencing from the day after the Expiration Date of the preceding term.
Appears in 1 contract
Sources: Lease Agreement
Right to Renew. If Item 11 10 provides for a right to Renewed Terms an extension of the Term and the Lessee has:
(a) at all material times and in respect of each of the terms and conditions duly observed such terms and conditions of this Lease and
(b) given to the Lessor not less than three months’ notice in writing prior to the Expiration Date (which notice shall be irrevocable) of intention to renew
(c) the Lessor shall at the cost of the Lessee renew this Lease by way of a deed of renewal in the form set out in Schedule 4 (or as near to it as circumstances require) for the next relevant further term of years fixed in Item 11 10 commencing from the day after the Expiration Date of the preceding term.
Appears in 1 contract
Sources: Lease Agreement
Right to Renew. If Item 11 provides for a right to Renewed Terms and the Lessee has:
(a) : at all material times and in respect of each of the terms and conditions duly observed such terms and conditions of this Lease and
(b) and given to the Lessor not less than three months’ notice in writing prior to the Expiration Date (which notice shall be irrevocable) of intention to renew
(c) renew the Lessor shall at the cost of the Lessee renew this Lease by way of a deed of renewal (or as near to it as circumstances require) for the next relevant further term of years fixed in Item 11 commencing from the day after the Expiration Date of the preceding term.
Appears in 1 contract
Sources: Lease Agreement