Lease Renewal Term definition

Lease Renewal Term means any “Renewal Term” under (and as defined in and subject to the terms of) the Lease that becomes effective under the Lease in accordance with its terms.
Sample 1Sample 2Sample 3
Lease Renewal Term means a further period of 5 years from the expiry of the Lease Term.
Sample 1Sample 2Sample 3
Lease Renewal Term means such further term(s) from the expiry of Lease Term as provided in Annexure C-I.
Sample 1Sample 2Sample 3

Examples of Lease Renewal Term in a sentence

  • During Lease Term and Lease Renewal Term, if any, THE LESSEE shall pay and always maintain with THE LESSOR or its nominee(s) / assign(s), IFRMSD as per details given in Annexure C-I.

  • During Lease Term and Lease Renewal Term, if any, THE LESSEE shall pay and always maintain with THE LESSOR or its nominee(s) / assign(s), the interest free refundable utilities security deposit including the amount towards power / additional power load and towards meters installed for recording the consumption of power, power back up and air handling unit (“AHU”) electrical usage as per details given in Annexure C-I (“IFRUSD”).

  • Provided that Lessee is not in default under this Lease beyond applicable notice and cure periods at the time of the exercise of the Renewal Option granted herein, Lessee shall have the option (the "Initial Lease Renewal Option") to renew the Initial Lease for one (1) additional term of ten (10) years (the "Initial Lease Renewal Term") commencing on the first day of the calendar month immediately following the expiration of the Initial Term.

  • The Head Lessor agrees that, upon the Head Lessee’s election to renew this Head Lease for a Head Lease Renewal Term, the Head Lessor, as User Head Lessee under the User Head Lease, shall contemporaneously elect to renew the User Head Lease for a UserAll the terms of this Head Lease shall apply during the Head Lease Renewal Term pursuant to Section 3(a)(ii) of the User Head Lease.

  • Lessee's lease during the Initial Lease Renewal Term will be upon the same terms as for the Initial Lease Term, except that the Base Rent (hereinafter defined) will adjust as hereinafter provided and during the Renewal Term Lessee will have no further right to renew this Initial Lease.

  • The Head Lessee shall exercise its right to renew this Head Lease by delivering written notice to the Head Lessor and the User Head Lessor at their respective addressesat its address set forth on Schedule I to the Participation Agreement not less than thirty (30) days prior to the Head Lease Basic Term Expiration Date or the end of the then-current Head Lease Renewal Term, as the case may be.

  • The Initial Term of this Agreement shall automatically extend (any such extension, a “Renewal Term”) upon the commencement of any Master Lease Renewal Term under the Master Lease and shall expire on the date such Master Lease Renewal Term expires under the Master Lease, unless terminated earlier in accordance with the express terms of Section 16.2 of this Agreement.

  • Lessee's lease during the Second Lease Renewal Term shall be upon the same terms as for the Second Lease Initial Term, except that the Base Rent (hereinafter defined) will adjust as hereinafter provided and at the Second Lease Renewal Term, Lessee will have no further right to renew this Second Lease, and the Second Lease shall terminate.

  • Prior to placement or replacement of any Lessee Equipment on the Leased Premises at any time during the Lease Term or the Lease Renewal Term, the telecommunication and other services provided by Lessee from the Leased Premises must be evaluated by the Installation Spectrum Manager (ISM) for potential electromagnetic interference to the existing or planned telecommunications operations of the Department of Defense systems.

  • The terms and conditions of the lease during the Lease Renewal Term shall be the same terms and conditions contained in this Lease with the exception of rent and any changes to comply with intervening changes to statutory authority.


More Definitions of Lease Renewal Term

Lease Renewal Term is defined at Section 4.7(a) of the Participation Agreement.
Sample 1Sample 2Sample 3
Lease Renewal Term is defined in Section 19.1(a) of the Lease.
Sample 1Sample 2
Lease Renewal Term means such further term(s) from the expiry of Lease Term as provided in Annexure C-I. “Lease Term” shall mean such period from lease Commencement Date as provided in Annexure C-I. “Lock-in period’’ shall mean such period from Lease Commencement Date as provided in Annexure C-I. “LOI” shall mean the letter of intent executed in respect of leasing of Demised Premises, as provided in Annexure C-I. “Maintenance Charges” shall mean the monthly charges towards the maintenance services, as provided in Annexure C-I. “Monthly Rent” shall mean the monthly rent payable in respect of Demised Premises, as provided in Annexure C-I. “Notice Period” shall mean notice period as provided in Annexure C-I. “Other Miscellaneous Charges” shall mean the charges as applicable and as provided in Annexure C-I. “Power load” shall mean the power load as provided in Annexure C-I. “Property” shall collectively mean Said Plot, Said Complex and Said Building. “Rent Commencement Date” shall mean the date for commencement of payment of Monthly Rent, as provided in Annexure C-I. “Said Building” shall mean such block(s) / tower(s) of Said Complex as provided in Annexure C-I. “Said Complex’’ shall mean the complex constructed on a part of Said Plot, as provided in Annexure C-I. “Said Plot” shall mean the parcels of land in sectors 24, 25 & 25A, Gurgaon for which license(s) for development of Cyber City have been granted by Governmental Authority. - 4 -
Sample 1

Related to Lease Renewal Term

  • Renewal Term has the meaning set forth in Section 2.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Renewal Terms means the renewal terms of a Property Schedule, each having a duration of one year and a term coextensive with Lessee's budget year.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Annual Renewal Date means the date in any calendar year, subsequent to the year in which the Policy comes into effect, corresponding numerically with the Policy Commencement date in that subsequent year.

  • Extension Term means the time period defined in §2.C.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Initial Term has the meaning set forth in Section 7.1.

  • 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.

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Base Rent As defined in Section 3.1.

  • Original Term means the period from the Commencement Date until the end of the fiscal year of Lessee in effect at such Commencement Date.

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • Additional Term shall have the meaning set forth in Section 8.2.

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Basic Term shall have the meaning specified in Section 2.2 of the Lease.

  • Rental Period means the calendar period during which Government property is made available for nongovernmental purposes.

  • Base Term Beginning (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on August 31, 2024.”

  • Lease Commencement Date has the meaning specified in Section 3.2 of the Master Lease.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.