Lease Continues in Effect Sample Clauses

The "Lease Continues in Effect" clause establishes that the lease agreement remains valid and enforceable even if certain events occur, such as a tenant's default or the landlord's decision not to terminate the lease after a breach. In practice, this means the landlord can choose to keep the lease active and continue to hold the tenant responsible for ongoing rent and other obligations, rather than ending the lease outright. This clause is essential for allowing the landlord to preserve their rights and income stream, ensuring that a tenant cannot escape liability simply due to a default or other triggering event.
Lease Continues in Effect. From and after commencement of each Extended Term hereunder, all of the other terms, covenants and conditions of this Lease shall apply, and reference to the Term shall thereafter be deemed to include the Extended Term in question, except that the Base Rent shall be revised by an amendment to the Lease to reflect any adjustment in the Base Rent, and from and after the commencement of the two year Extended Term or the Additional Extended Term, as the case may be, Tenant shall have no right to extend the Term further.
View SourceView Similar (4)
Lease Continues in Effect. If a Building or Building Equipment, or any portion thereof, is damaged or destroyed by fire or other casualty, this Lease shall continue in full force and effect and there shall be no reduction or abatement of Fixed Rent, Additional Rent and other charges, except that payments received by Landlord derived from the rental insurance provided under Section 16.1(d) shall be credited thereto.
View Source
Lease Continues in Effect. If Landlord elects not to reenter the Leased Premises, this Lease will continue in effect and Landlord may enforce all its rights and remedies under this Lease including the right to recover Monthly Rent as it becomes due.
View Source

Related to Lease Continues in Effect

  • Change in Effective Control A Change in Effective Control occurs if, over a twelve (12) month period: (i) a person or group acquires stock representing thirty percent (30%) of the voting power of the corporation; or (ii) a majority of the members of the board of directors of the ultimate parent corporation is replaced by directors not endorsed by the persons who were members of the board before the new directors’ appointment, as defined in Treasury Regulations §1.409A-3(i)(5)(vi).

  • Change in Effective Control of the Company A change in the effective control of the Company which occurs on the date that a majority of members of the Board is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purposes of this clause (ii), if any Person is considered to be in effective control of the Company, the acquisition of additional control of the Company by the same Person will not be considered a Change of Control; or

  • When Termination Effective Termination under Article will take effect as provided for in the Notice.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

  • Agreement in Effect Except as hereby amended, the Partnership Agreement shall remain in full force and effect.