Termination of Lease definition

Termination of Lease means that certain Termination of Lease and Grant of Easements to be entered into as of the Closing Date between the City and Purchaser, relating to the termination of the Lease.
Termination of Lease. The lease shall terminate without further consideration and without notice on the date stipulated herein, and occupation of the leased premises by the tenant after that date shall not have the effect of extending the term of the lease of renewing the lease, for any period of time, by tacit agreement or otherwise. In such event, the LL may, at its option, elect to treat the tenant as one who is occupying the leased premises against the wishes of the LL, and the LL may exercise all recourses available in law to evict the tenant and claim damages from the tenant, or the LL may elect, at its option, to construe such holding over as a tenancy from moth to month, subject to all the terms and conditions of this lease, save as to its duration and save that the monthly rental payable pursuant to Article 4 hereof shall be three (3) times the monthly rental payable pursuant to the said article in the preceding year.”
Termination of Lease shall have the meaning set forth in Section 2.5(b)(xi).

Examples of Termination of Lease in a sentence

  • Notification of Termination of Lease - The owner is required to notify the Housing Department upon termination of the lease.

  • Termination of Lease under special circumstances:-Termination of Lease in the National Interest or in the interest of the public:The lease will also contain a clause reserving to the lessor the right to terminate the lease on six months’ notice if the demised land or any part thereof is required for the purpose of construction or carrying out of any works or otherwise for the development of the Port or by the Government in the National Interest or in the interest of the public using the same.

  • Termination of Lease AgreementIf the Lessee shall fail to comply with the lease agreement, the lessor shall have the right to terminate the lease agreement and claim for damages.

  • A Notice of Termination of Lease and an Eviction notice shall expire only on a regular business day.

  • This Notice may expire concurrently with the Notice of Termination of Lease.

  • If the design capacity of the well exceeds 50 gpm, the owner of the well shall demonstrate, by a hydrogeological study performed by a competent environmental consulting firm in accordance with § 35-88(B) of this Article, that the operation of the well will not cause the movement of the groundwater contamination or adversely affect the remedial action provided for in the RODs for the Site.

  • If a Lessee changes the lock, and does not furnish the Lessor with a key within 48 hours, the Lessor may terminate the tenancy with a seven (7) day Notice of Termination of Lease.

  • Landlord and Tenant mutually agree to execute herewith, in triplicate, a Notice of Lease in recordable form with respect to this Lease, which shall be recorded forthwith with the Barnstable Registry of Deeds, and agree to execute, upon termination of this Lease for whatever cause, a Notice of Termination of Lease in recordable form for recording with said Registry of Deeds.

  • In the event that Tenant shall fail to pay all or any part of the rent within seven (7) days of its due date, the LHA may declare the unpaid rent delinquent and issue a Notice of Termination of Lease which may include a Notice to Quit.

  • Landlord and Tenant mutually agree to execute herewith, in triplicate, a Notice of Lease in recordable form with respect to this Lease, which shall be recorded forthwith with the County Clerk’s office, and agree to execute, upon termination of this Lease for whatever cause, a Notice of Termination of Lease in recordable form.


More Definitions of Termination of Lease

Termination of Lease the thirty-first (31st) day of March, 2004.
Termination of Lease means the Termination of Lease dated June 25, 1997, terminating the Existing Lease.
Termination of Lease means termination by effluxion of time, determination by notice to quit, by forfeiture or in any other way what­ soever, and " terminates " has a corresponding meaning.
Termination of Lease. Surrender Obligations"). Landlord shall retain Tenant's full Security Deposit of $420,940.80 as partial payment to be applied to the Termination Fee, and, upon Tenant's execution of this Amendment No. 4, Tenant shall pay to Landlord the remaining balance of $4,130,646.40 in the form of a wire transfer to Landlord's bank pursuant to wire instructions to be provided to Tenant. Said Termination Fee must be received by Landlord's bank no later than 5:30 p.m. DST on Friday, October 22, 2004.

Related to Termination of Lease

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Master Lease means any master lease now or hereafter entered into, in which the Healthcare Facility is aggregated with other HUD-insured healthcare facilities and leased to a Master Tenant and any amendments or joinders thereto.

  • Assignment of Lease means the Assignment of Lease to be executed by the Seller and the Purchaser at the Closing with respect to each parcel of Leased Real Property listed on Section 3.14(b) of the Disclosure Schedule, substantially in the form of Exhibit 1.01(b).

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Memorandum of Lease has the meaning set forth in Section 5.01(c)(iii).

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • Assignment of Leases With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.

  • Lease Assignment has the meaning set forth in Section 3.5(d).

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

  • Landlord Access Agreement means a Landlord Access Agreement, substantially in the form of Exhibit G, or such other form as may reasonably be acceptable to the Administrative Agent.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

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

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

  • this Lease means the relevant portion of Articles 1 through 29 of this Office Lease to which this Tenant Work Letter is attached as EXHIBIT B and of which this Tenant Work Letter forms a part, and all references in this Tenant Work Letter to sections of "this Tenant Work Letter" shall mean the relevant portion of Sections 1 through 7 of this Tenant Work Letter.

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • Assignment of Rents and Leases means, with respect to the Mortgaged Property, an Assignment of Rents and Leases (and, if there are more than one, each and every one of them), dated as of the Closing Date, granted by the Borrower to Lender with respect to the Leases, as same may thereafter from time to time be supplemented, amended, modified or extended.

  • Assignment of Proprietary Lease With respect to a Cooperative Loan, the assignment of the related Cooperative Lease from the Mortgagor to the originator of the Cooperative Loan.

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • Landlord Waiver means a letter in form and substance reasonably acceptable to the Administrative Agent and executed by a landlord in respect of Inventory of a Loan Party located at any leased premises of a Loan Party pursuant to which such landlord, among other things, waives or subordinates on terms and conditions reasonably acceptable to the Administrative Agent any Lien such landlord may have in respect of such Inventory.

  • Fixed term tenancy means a tenancy that has a fixed term of existence, continuing to a

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • Rental agreement means an agreement that establishes or modifies the terms, conditions, rules, regulations, or any other provisions concerning the use and occupancy of a rental unit.

  • Assignment of Leases and Rents With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar instrument executed by the Obligor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, whether contained in the Mortgage or in a document separate from the Mortgage, in the form that was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter in accordance with the Credit and Collection Policy.