Provisions of the Lease Sample Clauses

The 'Provisions of the Lease' clause defines the specific terms, conditions, and rules that govern the relationship between the landlord and tenant under the lease agreement. This clause typically outlines the rights and obligations of each party, such as payment of rent, maintenance responsibilities, use restrictions, and procedures for handling disputes or breaches. By clearly enumerating these provisions, the clause ensures both parties understand their duties and helps prevent misunderstandings or conflicts during the lease term.
Provisions of the Lease. The following terms will be considered incorporated into the Lease. If the Lease has inconsistent terms, the terms below will control:
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Provisions of the Lease. Any lease governing the lease and operation of the Hotel (including the Lease) will include the substance of the immediately following provisions or such other provisions and requirements as set forth in the Franchise Agreement or in the Franchise Disclosure Document. A. Franchisee will have exclusive possession of the Hotel and exclusive control of the day-to-day operations of the Hotel; B. The Hotel will be operated in full compliance with the provisions of the Franchise Agreement. The Franchise Agreement will control in case of conflict with the lease; C. A default by Franchisee under the terms of the Franchise Agreement will constitute a default under the terms of the lease; D. In the event of an uncured default caused by Franchisee that leads to termination of the Franchise Agreement, the lease will be terminated; and E. The provisions in the lease that reflect this Section 10 and any other provisions in the lease affecting, or for the benefit of, Franchisor will not be amended or modified without Franchisor’s prior written consent.
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Provisions of the Lease. In consideration of Rental (defined hereafter) the Lessor agrees to lease and the Lessee agrees to accept to lease the Unit with details as follows; Condominium Unit No. -- : Floor Level : Floor Area (including balcony) : The details of which appear in the map indicating location and the details concerning the condominium unit (Floor Plan), the internal layout plan of the condominium unit and the list of material specifications, including the detailed objectives of use of each part of the area of the condominium unit and the particulars and sizes of the common property and facilities. The Lessor agrees to construct the condominium unit in compliance with the design and details as permitted by the competent officer and to standardize the construction to meet the standards required by the law as detailed in Attachment 4 attached hereto and deemed as a part hereof, (hereinafter referred to as “Unit”). Subject to the Condominium Regulations, the Lessee shall have the right to jointly use the parking spaces with the other owners of the Condominium as to be set forth in the regulations of the condominium
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Provisions of the Lease. 11.1 The provisions of the Lease shall include, but not be limited to, the following: (i) All of the basic terms and provisions contained in the Bid which was approved by the Board of Trustees of the District on April 21, 2015 except that the provisions regarding rent, uses on the Project, and amount of the Surplus Land to be leased shall be modified. (ii) Upon execution of the Master Lease, Developer shall prepay base rent in the amount of one Million dollars ($1,000,000). The prepayment of the base rent shall serve as a lease payment credit. Developer and District shall negotiate final terms of the base rent credit at the time of final Lease agreement. (iii) Rent for the Property shall consist of an annual minimum base rent in the amount Five Hundred Thousand Dollars ($500,000) plus an amount equal to 50% of the net operating revenues of the Project. (iv) Construction of improvements by Developer must begin within (twenty- four) 24 months after the City has granted planned development zoning approval for the Property (“Construction Commencement Period”). Developer will be entitled to extend the Construction Commencement Period for an additional twelve (12) months by paying fee to District in the amount of One Hundred Fifty Thousand Dollars ($150,000). Developer shall be entitled to extend the Construction Commencement Period for a second twelve (12) month period by paying an additional fee of One Hundred Fifty Thousand Dollars ($150,000) to District (v) Developer shall bear all costs of development and construction of the Project subject to the provisions of this Agreement. (vi) The final Project description must be approved by the District. (vii) The Lease shall be for the Property. The Lease shall include an option (“Option”) in favor of Developer to enter into long term ground lease for the Remaining Surplus Property on the following terms: (a) The term Remaining Surplus Property shall refer to the Surplus Land less the Property. (b) The term of the Option shall be for five (5) years commencing June 1, 2018 and expiring on May 31, 2023. (c) As consideration for the Option, Developer shall pay to District the sum of Three Hundred Thousand Dollars ($300,000), payable to as follows: (d) The Option shall not apply to any of the Surplus Land which the District determines that it will use for educational purposes, an aquatic center, or any other use which the District determines would be beneficial and supportive of its educational purpose, including but no...
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Provisions of the Lease. Any lease governing the lease and operation of the Hotel (including the Lease) will include the substance of the immediately following provisions or such other provisions and requirements as set forth in the Franchise Agreement or in Franchisor’s then-current disclosure document. 574369v2 – Charlotte/Matthews, NC ▇▇▇▇▇▇▇▇▇ ▇▇▇ & ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (03/31/2010) 3/16/2011 A. Franchisee will have exclusive possession of the Hotel and exclusive control of the day-to-day operations of the Hotel; B. The Hotel will be operated in full compliance with the provisions of the Franchise Agreement. The Franchise Agreement will control in case of conflict with the lease; C. A default by Franchisee under the terms of the Franchise Agreement will constitute a default under the terms of the lease; D. In the event of an uncured default caused by Franchisee that leads to termination of the Franchise Agreement, the lease will be terminated; and E. The provisions in the lease that reflect this Section 10 and any other provisions in the lease affecting, or for the benefit of, Franchisor will not be amended or modified without Franchisor’s prior written consent.
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Related to Provisions of the Lease

  • Provisions of the Plan This option is subject to the provisions of the Plan, a copy of which is furnished to the Participant with this option.

  • SPECIAL TERMS AND CONDITIONS OF TRUST The following special terms and conditions are hereby agreed to: 1. The Bonds listed in the Schedule hereto have been deposited in trust under this Trust Agreement. 2. The fractional undivided interest in and ownership of a Trust represented by each Unit thereof is a fractional amount, the numerator of which is one and the denominator of which is the amount set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust. 3. The aggregate number of Units described in Section 2.03(a) for a Trust is that number of Units set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust.

  • CONDITIONS OF THE OBLIGATIONS OF THE COMPANY The obligations of the Company to sell and deliver the portion of the Shares required to be delivered as and when specified in this Agreement are subject to the conditions that at the Closing Date or the Option Closing Date, as the case may be, no stop order suspending the effectiveness of the Registration Statement shall have been issued and in effect or proceedings therefor initiated or threatened.

  • Amendments of the Agreement This Agreement may be amended by a writing signed by both parties hereto, provided that no amendment to this Agreement shall be effective until approved (i) by the vote of a majority of those Trustees of the Trust who are not interested persons of the Adviser or the Trust cast in person at a meeting called for the purpose of voting on such approval, and (ii) by vote of a majority of the outstanding voting securities of the Trust.

  • Conditions of the Obligations of the Underwriters The obligations of the several Underwriters to purchase and pay for the Firm Securities on the First Closing Date and the Optional Securities to be purchased on each Optional Closing Date will be subject to the accuracy of the representations and warranties of the Company herein (as though made on such Closing Date), to the accuracy of the statements of Company officers made pursuant to the provisions hereof, to the performance by the Company of its obligations hereunder and to the following additional conditions precedent: