Common use of NOW IT IS Clause in Contracts

NOW IT IS. HEREBY AGREED as follows: The lease is renewed or extended for a further term of __________________________ (____) MONTHS beginning _________________________ and ending on ________________________ based on the same terms and conditions as contained in the said Tenancy Agreement except for those provisions contained in this Lease Extension Agreement. All terms, provisions and covenants of the said Tenancy Agreement that shall remain in full force for the duration of the extended term, are hereby incorporated by attachment. In connection with this LEASE RENEWAL / EXTENSION AGREEMENT, the monthly rent payable shall be SINGAPORE DOLLARS ____________________________________________________________ only (S$ __________________ ) per month. The security deposit for this agreement shall remains at SINGAPORE DOLLARS ________________________________________________________ only (S$ _________________). *Diplomatic Clause of the said Tenancy Agreement shall not apply. *Delete where applicable If at any time after the expiration of twelve (12) months from the date of the commencement of this LEASE RENEWAL / EXTENSION AGREEMENT, the immediate occupant of the said premises shall be transferred out of the Republic of Singapore permanently by his firm, ceased to be employed or if for any cause whatsoever he shall be ordered to leave the Republic of Singapore, then and in such a case, it shall be lawful for the Tenant to determine this tenancy by giving not less than _____________ (____) months' advance notice (this is in addition to the twelve (12) months aforesaid) in writing to the Landlord or by paying _________________ (____) months' rent in lieu of such notice. Documentary evidence of such transfer, cessation or order shall be required and such notice shall be deemed to have commenced on such date as the Landlord shall have actually received such evidence. If this Agreement should be lawfully terminated by notice in writing by the Tenant before the expiry of the LEASE RENEWAL / EXTENSION AGREEMENT herein aforesaid, the Tenant shall undertake to reimburse the Landlord on a pro-rata basis, the renewal commission paid to OrangeTee & Tie Pte Ltd (hereinafter called the Estate Agent) as the real estate broker in this transaction. The Landlord shall be entitled to deduct such reimbursement from the security deposit held. The stamp duty for stamping this Agreement in duplicate shall be borne by the Tenant and shall be paid on the date of signing this Agreement. This Agreement shall be subject to the laws of the Republic of Singapore and the parties herein submit themselves to the jurisdiction of the Singapore Courts.

NOW IT IS. HEREBY AGREED IN consideration of the promises as followsfollows : The lease is renewed Borrower's proposal dated_____________________shall be deemed to constitute the basis of this Agreement and of the loan/advance advanced or extended to be advanced or already advanced by the bank hereunder and the Borrower, hereby, warrants the correctness of each and every one of the statements and particulars therein contained and undertaken to carry out the proposals therein setforth. The Borrower, hereby agrees that the said advance shall be governed by the terms contained herein as well as those embodied in the security documents listed in the Schedule A hereto, except in so for a further term as the security documents may expressly or by necessary Implication be modified by these presents. The Borrower, expressly, agrees and undertakes that the said advance shall be utilised exclusively for the purpose/s setforth in the Borrower's proposal and for no other purpose. The Borrower agrees and undertakes to notify the Bank in writing of _______any circumstance affecting the correctness of any of the particulars setforth in the Borrower's proposal within two (2) days after the occurrence of any such circumstance. The loan/advance payable by the Borrower under this agreement shall carry interest at the rate of___________________ (____) MONTHS beginning _________percent and at the bank's ruling rate prevailing from time to time per annum compounded monthly and the loan / advance shall be repayable by the borrower on the­­­­­­­­­­­­_________________day of________________ and ending on ________________________ based on the same terms and conditions as contained in the said Tenancy Agreement except for those provisions contained in this Lease Extension Agreement20 by________________equal________________installments of cash Rs. All terms, provisions and covenants of the said Tenancy Agreement that shall remain in full force for the duration of the extended term, are hereby incorporated by attachment. In connection with this LEASE RENEWAL / EXTENSION AGREEMENT, the monthly rent payable shall be SINGAPORE DOLLARS ____________________________________________________________ only (S$ that first of shall be Paid on the _____________day of _____ ) per month. The security deposit for this agreement shall remains at SINGAPORE DOLLARS ________20 , and the subsequent installments on the ________________________________________________________ only (S$ _________________). *Diplomatic Clause day of every scheduled month as per Schedule ‘B’ and if any installment or portion of the said Tenancy Agreement shall not apply. *Delete where applicable If at any time after loan/advance amount is being unpaid on the expiration of twelve (12) months from the scheduled date of the commencement of this LEASE RENEWAL / EXTENSION AGREEMENTfor repayment thereof, the immediate occupant of the said premises bank shall be transferred out at liberty to charge penal interest of.................. percent per annum over and above the prevailing rate of interest on the Republic overdue amount / balance outstanding as applicable to such kinds of Singapore permanently advances in the bank till the payment of such amount. Notwithstanding anything contained herein or in the Security Documents, the whole advance shall become, forthwith due and payable by his firm, ceased to be employed or if for any cause whatsoever he shall be ordered to leave the Republic of Singapore, then and in such a case, it shall be lawful for the Tenant to determine this tenancy by giving not less than _____________ (____) months' advance notice (this is in addition Borrower to the twelve (12) months aforesaid) in writing to bank and the Landlord or by paying _________________ (____) months' rent in lieu of such notice. Documentary evidence of such transfer, cessation or order shall be required and such notice shall be deemed to have commenced on such date as the Landlord shall have actually received such evidence. If this Agreement should be lawfully terminated by notice in writing by the Tenant before the expiry of the LEASE RENEWAL / EXTENSION AGREEMENT herein aforesaid, the Tenant shall undertake to reimburse the Landlord on a pro-rata basis, the renewal commission paid to OrangeTee & Tie Pte Ltd (hereinafter called the Estate Agent) as the real estate broker in this transaction. The Landlord shall Bank will be entitled to deduct such reimbursement from enforce security upon the security deposit held. The stamp duty for stamping this Agreement in duplicate shall be borne by the Tenant and shall be paid on the date happening of signing this Agreement. This Agreement shall be subject to the laws any of the Republic of Singapore and the parties herein submit themselves to the jurisdiction of the Singapore Courtsfollowing events namely.