Lease Extension means extension of the expiration date of a lease to provide for continued occupancy on a short term basis.
Lease Extension means extending the term of an existing lease.
Lease Extension at least 5 years prior to the end of the initial term, the Trust may elect to extend the term of the Prepaid Residential Lease for a minimum of 25 years and during such extension term each Owner will pay its proportionate share of the fair market rent relating to the Project Site (not including the Project building).
Examples of Lease Extension in a sentence
In the event LANDLORD agrees to any lease with a contracted term over 1 year, an additional Lease Extension fee of $300 is due upon execution above and beyond Leasing or Renewal Fee.
The Mayor and Borough Clerk are authorized to execute a Lease Extension Agreement reflecting the foregoing as prepared or approved by the Borough Attorney.
Received Communication from SP Plus Regarding Lease Extension: The communication dated February 19, 2023 from Gregory Pierson, Regional Manager, SP Plus, was received and filed without objection.
Agent shall promptly deliver to Lessor and each Participant three (3) copies of each Lease Extension Request received by Agent.
Any failure by Lessor or any Participant so to execute and return a Lease Extension Request shall be deemed a denial thereof.
More Definitions of Lease Extension
Lease Extension means with respect to any Company GL Asset or its Ground Lease, an extension or renewal of the term of such Ground Lease (or any new or replacement Ground Lease) voluntarily entered into directly or indirectly by the Company such that the term thereof (or the term of the new or replacement Ground Lease) after giving effect to all remaining renewal or extension options (or rights to obtain new or replacement Ground Lease) extends beyond its Initial Expiration Date (determined for this purpose as though all extension or renewal options in favor of the applicable Lessee (or rights to obtain new or replacement Ground Leases) under such Ground Lease as Originally in Effect were exercised).
Lease Extension has the meaning set forth in Section 5.8.
Lease Extension shall have the meaning provided in Section 2.16(a) of the Participation Agreement. “Lease Extension Term” shall have the meaning provided in Section 2.16(a) of the Participation Agreement. “Lease Guaranty” shall mean that certain Guaranty, dated as of the Closing Date, from the Guarantor to the Beneficiaries (as defined therein), made in connection with the Overall Transaction. “Lease Supplement” shall mean each supplement to the Lease Agreement in the form attached to the Lease Agreement as Exhibit A thereto, delivered on the Base Term Commencement Date pursuant to Section 3.1 of the Participation Agreement. “Lease Term” shall have the meaning provided in Section 2.2 of the Lease.
Lease Extension means extension of the expiration date of a lease to provide for
Lease Extension has the meaning set forth in the Recitals. “Leases” means with respect to Leased Real Property, all leases, subleases and other agreements (written or oral) pursuant to which the Company holds its leasehold or subleasehold (as applicable) interest in such Leased Real Property, as the same may be amended, modified or supplemented. “Lien” means any mortgage, pledge, security interest, encumbrance, lien, charge, hypothecation, infringement, deed of trust, deed to secure debt, charge, encroachment, easement, right of first refusal, option, restriction on transfer, defect in title, voting agreement or any other restriction of a similar kind or similar nature in or on any asset (including equity or security interests of any Person held by another Person), property or property interest. “Losses” has the meaning set forth in Section 9.2. “Material Adverse Effect” means any effect, event, occurrence, condition, circumstance, or change that, individually or in the aggregate, has, or would reasonably be expected to have, a material adverse effect upon the condition (financial or otherwise), assets, business or results of operations of the Company (after giving effect to the Reorganization) or the Business; provided, however, that none of the following (or the results thereof) shall be taken into account, either alone or in combination, in determining whether a Material Adverse Effect has occurred: (i) economic, banking, currency or capital market conditions, (ii) any political conditions, including acts of war, declared or undeclared, outbreaks or escalations of hostilities, or acts or threats of terrorism, (iii) changes in IFRS or similar accounting standards, (iv) changes in any Laws including the interpretation or enforcement thereof, (v) any change that is generally applicable to the industries or markets in which the Business operates, (vi) the announcement of the Transactions (including by reason of the identity of Buyer) or any communication by Buyer or any of its Affiliates regarding their respective plans or intentions with respect to the Business, and including the impact thereof on relationships with customers, vendors, partners or employees, (vii) any effects or consequences of any epidemic, pandemic or disease outbreak (including any coronavirus) or any civil protests, riots or other civil unrest or (viii) any failure by the Business to meet any internal or published projections, forecasts or revenue or earnings predictions for any period ending on or af...
Lease Extension is defined in Section 14.18 of the Participation Agreement.
Lease Extension means have the meaning set forth in Section 27.01 hereof. “Lease Extension Amendment” shall have the meaning set forth in Section 27.03(c)hereof.