Lease Term definition

Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Lease Term has the meaning described in Section 3.01.

Lease Term means the duration of the leasehold estate created by the Lease Agreement as specified in Section 4.2 of the Lease Agreement.

Examples of Lease Term in a sentence

Should either one(!) or both parties (2) be absent or refrain from mutual consent to Option to Renew, or be absent or refrain from mutual consent to agreed upon market terms and conditions, then the Terms and Conditions of this LEASE as executed, pursuant to the date of signature as identified below, will remain in full force and effect until the end of said Lease Term as defined and specified in the Rent Schedule.
By the expiry of the Lease Term that the Parties fail to agree on extending the Lease Term.
In the event that the Lease Term is extended, the rent shall be adjusted based on the prevailing market rates, provided that such adjusted rent shall not be lower than the rent applicable during the current Lease Term plus an additional [***].
The Lease Term shall continue for a fixed period until 31.12.2030 with following exceptions: i) the lease term for approximately 633 square meters of office space on the second floor of the Building ends on 30.4.2025.
If Landlord relets the Premises for the tenant’s account, he shall provide Tenant with an accounting at the end of the Lease Term to offset from the accelerated Rents any amount actually received in reletting.

More Definitions of Lease Term

Lease Term means the Original Term and all Renewal Terms.

Lease Term means the term of this Lease as stated in Section 4 of this Lease.

Lease Term means the period between the Commencement Date and the Expiration Date (as such terms are hereinafter defined), unless sooner terminated as otherwise provided in this Lease.

Lease Term means, with respect to a Property Schedule, the Original Term and all Renewal Terms. The Lease Term for each Property Schedule executed hereunder shall be set forth in such Property Schedule, as provided in Section 4.02.

Lease Term shall have the meaning described in Section 4.

Lease Term. ("Starting Date") to ("Ending Date")

Lease Term means the term of each Lease Agreement, as specified therein.