Factory Lease definition
Examples of Factory Lease in a sentence
Seller shall [***] and the Parties shall negotiate in good faith a potential extension of the Factory Lease.
Seller shall [***] in accordance with the Factory Lease [***] and the Parties shall negotiate in good faith a potential extension of the Factory Lease.
This Appendix 02 takes effect from the signing date by two Parties and is an integral part of the Factory Lease Agreement No. 242/2022/HDTNX/VHIZ-VF.
Rent under the Factory Lease shall increase yearly in an amount no greater than two percent (2%) as of the first day of the sixth year starting from the Effective Date.
From the date of expiry to the date when the new < General Factory Lease Agreement> goes into effect, this Agreement continues to be effective and both parties shall fulfil their obligations under this Agreement.
If Tesla does not tender possession of the Premises (as that term is defined in the Factory Lease) to Seller on or prior to the Commencement Date (as that term is defined in the Factory Lease), Seller may terminate these General Terms and the remaining portion(s) of any Contract and the Factory Lease without any liability whatsoever to Tesla.
Both parties shall draw up a new < General Factory Lease Agreement> with reference to the objectives of this Agreement.
Seller shall [***] in accordance with the Factory Lease [***] and Seller shall [***].
However, within six months from the expiry date, should both Parties be unable to sign a new “General Factory Lease Agreement”, unless both parties reach a written agreement to continue discussion on the extension of lease, this Agreement shall be terminated automatically.
The total rent paid by Xinxing Great Success under the Factory Lease Agreement for the four months ended 31 October 2014 amounted to approximately RMB384,000.