Examples of Second Lease in a sentence
This Second Lease Amendment provides for minimum annual rental payments of approximately $533,000 plus increases in real estate taxes and building operating expenses.
Thereafter, the Lessor is obligated to maintain the FF&E Reserve with an amount, equivalent to 2% of the Total Hotel Revenue for the preceding calendar month, to be set aside monthly during the Second Lease Period.
Price testified that it was his expectation that Wood would forward the “corrected” Second Lease to the tenants for their execution.
Durso obtained the Second Lease at some point, although Wood could not recall how, prompting him to send a second letter to Price, dated December 1, 2011, which, in part, provided: .
As the First Lease and the Second Lease were entered into by Shahdan with the same connected person and both leases were in respect of the premises in the same building and on the same floor, they were regarded as related transaction and therefore were treated as if they were one transaction pursuant to Rule 14A.25 of the Listing Rules.