Succeeding lease definition

Succeeding lease means a lease whose effective date immediately follows the expiration date of an existing lease for space in the same building.
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Succeeding lease means a lease whose effective date immediately follows the
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Examples of Succeeding lease in a sentence

  • Succeeding lease years shall each consist of a twelve (12) month period beginning with the first day of the month following the end of the prior lease year.

  • Succeeding lease years shall commence on the anniversary of the first day of the first lease year.

Related to Succeeding lease

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Original Lease shall have the meaning given such term in the recitals to this Agreement.

  • Mining Lease means the mining lease granted pursuant to Clause 12 and includes any renewal thereof and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;