Amendments to the Lease Clause Samples

Amendments to the Lease. Effective as of the date hereof:

Amendments to the Lease. (a) This Lease may be amended in writing as may be mutually agreed by the Authority and the City, subject to the written approval of the Trustee; provided, however, that no such amendment which materially adversely affects the rights of the Owners shall be effective unless it shall have been consented to by the Owners of more than 50% in principal amount of the affected Bonds Outstanding; and provided further that no such amendment shall (i) extend the payment date of any Base Rental Payment, or reduce the interest, principal or prepayment premium component of any Base Rental Payment (except a reduction to reflect prepayment or defeasance of any Bonds pursuant to Article X of the Indenture, so long as the remaining Base Rental Payments are at least sufficient to pay Debt Service on Outstanding Bonds), without the prior written consent of the Owner of each Series of Bonds so affected; or (ii) reduce the percentage of the value of the Bonds Outstanding, the consent of the Owners of which is required for the execution of any amendment hereof. (b) Without complying with the provisions of paragraph (a) above, this Lease and the rights and obligations of the Authority and the City hereunder may be amended or supplemented at any time by an amendment hereof or supplement hereto which shall become binding upon execution without the written consents of any Owners, but only to the extent permitted by law and only for any one or more of the following purposes: (1) to add to the agreements, conditions, covenants and terms required by the Authority or the City to be observed or performed herein and other agreements, conditions, covenants and terms thereafter to be observed or performed by the Authority or the City, or to surrender any right or power reserved herein to or conferred herein on the Authority or the City, and which in either case shall not, in the judgment of the Trustee, materially adversely affect the interests of the Owners; (2) to make such provisions for the purpose of curing any ambiguity or of correcting, curing or supplementing any defective provision contained herein or in regard to questions arising hereunder which the Authority or the City may deem desirable or necessary and not inconsistent herewith, and which shall not, in the judgment of the Trustee, materially adversely affect the interests of the Owners; (3) to effect a Substitution, Addition or Removal in accordance with Section 3.06 hereof; and (4) to facilitate the issuance of Additional B...

Amendments to the Lease. (a) No alteration or amendment of this Lease shall take effect unless the same is in writing, duly executed by each of the parties in the same manner as this Lease.

Amendments to the Lease. Effective as the date of this Amendment, the Lease is hereby amended as follows:

Amendments to the Lease. The Lease is hereby amended and modified as follows: a. Paragraph 8.1

Amendments to the Lease. 3.1 AMENDMENT TO SECTION

Amendments to the Lease. A. Termination of the Lease as to the ▇▇▇▇▇▇’▇ ▇▇▇▇ Facility. Effective as of the date hereof: a. the Lease is hereby terminated with respect to the ▇▇▇▇▇▇’▇ ▇▇▇▇ Leased Property (as defined below), the ▇▇▇▇▇▇’▇ ▇▇▇▇ Leased Property no longer constitutes Leased Property under the Lease, and neither Landlord nor Tenant has any further liabilities or obligations, from and after the date of this Amendment, in respect of the ▇▇▇▇▇▇’▇ ▇▇▇▇ Facility (as defined below) and the ▇▇▇▇▇▇’▇ ▇▇▇▇ Leased Property, and b. the Guaranty hereby automatically, and without further action by any party, ceases to apply with respect to any Obligations (as defined in the Guaranty) with respect to the ▇▇▇▇▇▇’▇ ▇▇▇▇ Facility or the ▇▇▇▇▇▇’▇ ▇▇▇▇ Leased Property to the extent arising from and after the date of this Amendment (provided that any such Obligations arising prior to such date shall not be terminated, limited or affected by or upon entry into this Amendment). c. For the avoidance of doubt, the Lease shall continue in full force and effect with respect to the balance of (x) the Facilities (other than the ▇▇▇▇▇▇’▇ ▇▇▇▇ Facility) and (y) the Leased Property (other than the ▇▇▇▇▇▇’▇ ▇▇▇▇ Leased Property). The term “▇▇▇▇▇▇’▇ ▇▇▇▇ Facility” shall refer to the applicable Facility identified as Facility 16 on the list of the Facilities annexed as Exhibit A to the Lease, other than the portion thereof pertaining to the Leased Property set forth on Annex B hereto (the “Leased Property (Reno Billboard)”). The term “▇▇▇▇▇▇’▇ ▇▇▇▇ Leased Property” shall refer to the Leased Property set forth on Annex A hereto and any other Leased Property pertaining to the ▇▇▇▇▇▇’▇ ▇▇▇▇ Facility (excluding, for the avoidance of doubt, the Leased Property (Reno Billboard)).

Amendments to the Lease. Effective as of December 1, 2018, the Lease is hereby amended as follows: (a) Section 2.2 (Basic Rent) is hereby amended to provide that the Basic Rent payable during the Third Extension Term shall be as follows: (i) January 1, 2021 to December 31, 2022: Twenty Five Dollars Fifty Cents ($25.50) $686,893.50 per annum ($57,241.13 per month), based on a rate of Twenty Five Dollars Fifty Cents ($ 25.50) per square foot of the estimated Rentable Area of the Leased Premises per annum, plus Sales Taxes; (ii) January 1, 2023 to December 31, 2024: Twenty Six Dollars Fifty Cents ($26.50): $713,830.50 per annum ($59,485.88 per month), based on a rate of Twenty Six Dollars Fifty Cents ($26.50 ) per square foot of the estimated Rentable Area of the Leased Premises per annum, plus Sales Taxes; (iii) January 1, 2025 to December 31, 2026: Twenty Seven Dollars Fifty Cents ($27.50 ): $740,767.50 per annum ($61,730.63 per month), based on a rate of Twenty Seven Dollars Fifty Cents ($27.50 ) per square foot of the estimated Rentable Area of the Leased Premises per annum, plus Sales Taxes; (iv) January 1, 2027 to December 31, 2028: Twenty Eight Dollars Fifty Cents ($28.50 ): $767,704.50 per annum ($63,975.38 per month), based on a rate of Twenty Eight Dollars Fifty Cents ($28.50 ) per square foot of the estimated Rentable Area of the Leased Premises per annum, plus Sales Taxes; (v) January 1, 2029 to December 31, 2030: Twenty Nine Dollars Fifty Cents ($29.50 ): $794,641.50 per annum ($66,220.13 per month), based on a rate of Twenty Nine Dollars Fifty Cents ($29.50 ) per square foot of the estimated Rentable Area of the Leased Premises per annum, plus Sales Taxes. The foregoing amounts are calculated based on a certified Rentable Area of the Leased Premises of twenty six thousand, nine hundred and thirty seven (26,937) square feet.” (b) The following is added to the Lease as Section 10.3 (Option to Extend):

Amendments to the Lease. 2.1. Subject to Section 3 hereof, the Lease is hereby amended as set forth in the remaining portions of Section 2 hereof. 2.2. Section 1.02 of the Lease is amended by deleting such Section 1.02 in its entirety (other than the heading “Section 1.02. Demised Premises”), and inserting in its place the following: