Execution of New Lease Clause Samples
The 'Execution of New Lease' clause outlines the requirements and procedures for formally entering into a new lease agreement between the parties. Typically, this clause specifies the conditions under which a new lease will be prepared, signed, and become effective, such as after the expiration or termination of a prior lease or upon the exercise of a renewal option. It may detail the timeframe for execution, the parties involved, and any necessary approvals or documentation. The core function of this clause is to ensure a clear and orderly transition to a new lease, preventing misunderstandings and providing a structured process for continuing or renewing the leasing relationship.
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Execution of New Lease. Landlord’s obligations under this Agreement are conditioned and contingent upon Landlord entering into a new lease (the “New Lease”) with Precise Software Solutions, Inc. (the “New Tenant”) for the Premises. The terms of the New Lease shall be satisfactory to Landlord in Landlord’s sole and absolute discretion. Landlord makes no representation or warranty to Tenant that a New Lease will be entered into with a New Tenant. If a New Lease has not been entered into with a New Tenant on or before February 28, 2009, Landlord shall have the option, in Landlord’s sole and absolute discretion, to elect upon written notice to Tenant to terminate this Agreement. In the event that Landlord elects to terminate this Agreement, from and after the date of Landlord’s election, this Agreement shall be of no further force and effect and the Lease shall remain in full force and effect as if this Agreement had never been entered into.
Execution of New Lease. Subject to the terms and conditions of this Agreement, on the Closing Date Lessor and Lessee will enter into an Equipment Lease, substantially in the form attached as Exhibit C (the “New Equipment Lease”), pursuant to which Lessee will lease the New Facility from Lessor.
Execution of New Lease. At the Closing, Buyer agrees to ---------------------- execute a new lease for the real property at 42▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇, California in the form attached hereto as Exhibit "C."
Execution of New Lease. Purchaser and the Landlord of the premises shall enter into a new lease of the Leased Premises on terms and conditions satisfactory to Purchaser and its counsel; or approve the assignment of the present lease Agreement.
Execution of New Lease. Buyer shall have entered into a new ten (10) year lease for the property at which the Company currently operates, with such lease containing terms and conditions acceptable to ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇ ▇. ▇▇▇▇▇▇ and Buyer.
Execution of New Lease. Seller and Purchaser have entered into a triple net lease (the "New Lease") commencing as of the Closing Date in the form annexed hereto as Exhibit Q.
Execution of New Lease. At the Closing, Seller will, and Roundy's will cause Jondex Corp. to, enter into a lease of the S▇▇▇▇ ▇▇▇e, in substantially the form attached hereto as Exhibit 1(e) (the "New Lease"). In connection with the New Lease, Seller will at the Closing execute and deliver to Roundy's, for the benefit of Roundy's lenders, a Landlord's Cons▇▇▇ ▇▇▇▇tantially in the form ▇▇ ▇▇▇▇ attached hereto as Exhibit 1(e)(i).
Execution of New Lease. The Tenant hereby acknowledges and agrees that the Landlord may execute a new lease of the Premises with the New Tenant at any time following the Effective Date.
Execution of New Lease. The Buyer shall enter into the New Lease.
Execution of New Lease. Attached hereto, marked Exhibit A, and incorporated herein by reference, is a 'arm of Lease to be executed between Tymshare and you relating to those facilities presently leased to Tymshare and those additional facilities to be constructed pursuant to the terms of this letter agreement. The new Lease (for a period of fifteen (15) years, with three (3) options to renew for additional terms of fiche (5) years each) shall be executed upon commencement of construction or the additional facilities, and shall be effective as of January 1, 1978 or completion of construction, whichever is sooner; provided, however, that in the event such additional facilities have not been completed on or before July 1, 1978, at Tymshare's option, the Lease may be terminated and the terms of Tymshare's occupancy of the presently occupied premises shall be governed by that certain Lease dated October 24, 1974 by and between the parties to this letter agreement.