Execution of the Lease Deed Clause Samples

Execution of the Lease Deed. The Parties agree that within fifteen (15) days of the Lessee issuing the Satisfaction Certificate (as defined in Clause 3.4 of the Agreement), the Parties shall execute and duly register the Lease Deed recording the terms of the lease of the Premises by the Lessor to the Lessee. The Parties agree that the terms and conditions of the Lease Deed shall be in the same material form and substance as the terms and conditions of the lease deed contained in Schedule VI to this Agreement. It is hereby clarified that under no circumstances would the Lease Deed be amended or modified in such a manner as would derogate, prejudicially affect, or in any way dilute the rights provided to the Parties in Schedule VI except through an instrument executed by both Parties in writing. The Parties further agree that on the execution of the Lease Deed, the Advance paid by the Lessee under this Agreement shall be treated as the interest free refundable security deposit under the Lease Deed. It is hereby specifically clarified that the terms and conditions contained in Schedule VI of this Agreement form a part of this Agreement and are binding on the Parties.
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Execution of the Lease Deed. 1.1 The lease of the Demised Premises will commence from the date on which (i) this Lease Deed is executed by the Parties and registered with the sub-registrar of assurances and (ii) possession of the Demised Premises is handed over to the Lessee on an as is where is basis to carry out fit outs (“Lease Commencement Date”) and will remain valid until For MERITON INFOTECH PVT. LTD Markit India Services Pvt. Ltd. [/s/ ▇▇▇▇ ▇▇▇▇▇▇▇] [/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇] Authorised Signatory Director/Authorized Signatory [Stamp duty paid] expiry of 3 years from the Lease Commencement Date (the “Initial Term”) subject to earlier termination in accordance with this Lease Deed. 1.2 The term of the lease may be renewed, at the option of the Lessee, for two additional terms of 3 years each (the “Renewal Term”) after the expiry off the Initial Term, subject to Lessee exercising the option for the renewal in writing before the expiry of the Initial Term by giving a 90 days’ notice prior to expiry of the Initial Term or the first Renewal Term, as the case may be. If and when the Lessee exercises such renewal option, Lessor confirms that it will execute and register fresh lease deeds, on similar terms contained herein in this Lease Deed subject to enhancement of the Base Rent as defined in clause 4.2 herein below. 1.3 In addition to the lease of the Demised Premises, the Lessor shall provide through a reputed property manager (“Property Manager”) certain maintenance services (“Maintenance Services”) in respect of the Property and the Lessee will be required to pay monthly maintenance charges (“Maintenance Charges”) for the Maintenance Services as per the terms and conditions of separate agreement (“Maintenance Agreement” ) to be entered into among the Parties and the Property Manager The Maintenance Charges for the Demised Premises shall be payable from the Rent Commencement Date (defined herein below) and as set out in more detail in the Maintenance Agreement. For MERITON INFOTECH PVT. LTD Markit India Services Pvt. Ltd. [/s/ ▇▇▇▇ ▇▇▇▇▇▇▇] [/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇] Authorised Signatory Director/Authorized Signatory [Stamp duty paid] The Maintenance Agreement shall be co-extensive with the subsistence of this Lease Deed. 1.4 The rent free period as provided under Article 2 shall not commence until the following conditions are fulfilled by the Lessor: (i) a service or passenger lift is operational and available to the Lessee for its fit out/workers for access to the Demised Premises; (ii) p...
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Related to Execution of the Lease Deed

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Execution of Lease This Lease may be executed in counterparts and, when all counterpart documents are executed, the counterparts shall constitute a single binding instrument. Landlord's delivery of this Lease to Tenant shall not be deemed to be an offer to lease and shall not be binding upon either party until executed and delivered by both parties.

  • Construction of Lease This Lease has been prepared by Landlord and its professional advisors and reviewed by Tenant and its professional advisors. Landlord, Tenant, and their advisors believe that this Lease is the product of all their efforts, that it expresses their agreement, and agree that it shall not be interpreted in favor of either Landlord or Tenant or against either Landlord or Tenant merely because of their efforts in preparing it.

  • Rental Agreement All of the Roommates agree to be bound by all of the terms of the Rental Agreement.

  • Termination of the Lease The parties agree that the Management Agreement and the rights and benefits of Manager thereunder shall not be terminated or disturbed in any respect except in accordance with the terms of the Management Agreement, and not as a result of any termination of the Lease. Accordingly, if the Lease is terminated for any reason, including, without limitation, expiration of the term thereof or the "rejection" thereof following Bankruptcy (a) shall recognize Manager's rights under the Management Agreement, (b) agrees that Manager shall not be named as a party in any eviction or other possessory action or proceeding, and that Manager shall not be disturbed in its right to manage the Inn pursuant to the Management Agreement, and (c) shall at the time of or prior to such Lease Termination either (i) elect not to take either of the actions described in clause (c)(ii) below, in which case all of "Lessee's" rights, benefits, privileges and obligations under the Management Agreement with respect to periods after the Lease Termination shall be assumed directly by Lessor, or (ii) cause an "Approved Lessee" (as defined below) to (x) succeed to and assume Lessee's rights and obligations under the Lease, the Management Agreement, and this Agreement, or (y) enter into a new lease with Lessor in substantially the same form as the Lease, and assume the rights and obligations of the Lessee under the Management Agreement and this Agreement, the intent being that the relationship between any successor Lessee, Lessor and Manager be under the same terms and conditions as the relationship between Lessee, Lessor and Manager hereunder and under the Management Agreement and the Lease. Any successor to Lessee under clause (c)(ii) above shall be subject to Manager's prior written approval, which approval shall not be withheld or delayed if such successor to Lessee is (i) a direct or indirect wholly-owned subsidiary of Lessor, (ii) a person or entity to whom a Sale of the Inn is permitted under Section 10.02.A. of the Management Agreement, or (iii) a person or entity who otherwise is approved by Manager in its sole discretion (an "Approved Lessee").