THE TERM OF THE LEASE Clause Samples

THE TERM OF THE LEASE. Landlord leases to Tenant and ▇▇▇▇▇▇ takes from Landlord the Leased Property for a term commencing on January 1, 2025 (the “Commencement Date”) and terminating on December 31, 2027. There are two properties covered under this lease with different allowable time of use limitations. a) The parcel described as Lot 2, Block 1, Broadway Addition is restricted to only be available from May 1st through September 30th during any particular year. Between October 1st and April 30th, there shall be no equipment or materials on the property. b) The area to the east of the project site, within the parcel described as Parcel A, Lot 3, Auditor’s Plat #7 has no time of use limitations and may be used year-round during the term of this agreement.

THE TERM OF THE LEASE. 4.1 The lease term pursuant to this Lease shall commence on October 15, 2004 (hereinafter: the "DELIVERY DATE"). The entry upon the Demised Premises shall be permitted already on October 3, 2004, and from that date onward the Tenant shall bear the costs of Arnona [municipal real estate taxes], electricity, water, maintenance, and the like, other than rental payments. 4.2 The rental term shall terminate at the end of 24 months from its commencement, as stated in Section 4.1 above, that is, on October 14, 2006 (the period between October 15, 2004 and October 14, 2006 shall be referred to below as: the "LEASE TERM"). The Landlord hereby gives the Tenant its consent to extend this Lease after the Lease Term, for four (4) additional option terms of one year each, according to the absolute discretion of the Tenant. During the first option period, should the Tenant elect to exercise it, the same terms as are detailed in this Lease shall apply. Thereafter, should the Tenant elect to make use of the second option period, the rental payments (as defined in Section 5.1) shall be increased by 5% (the "MONTHLY RENTAL PAYMENTS"). The Monthly Rental Payments shall be in effect for the second option period and for the two periods thereafter, should the Tenant elect to exercise them, and the balance of the terms detailed in this Lease shall apply. Despite what is stated above, the Tenant shall be entitled at any time to bring a replacement tenant in its stead, who shall assume all the obligations pursuant to this Lease, provided that the Landlord approves the replacement tenant, as aforesaid. The Landlord shall be allowed to object to the replacement tenant only for reasonable reasons. 4.3 INTERNAL WORK / IMPROVEMENTS / INSTALLATION OF AIR CONDITIONER 4.3.1 The entry of the Tenant onto the Demised Premises shall be conditioned on the delivery of the securities as detailed in Section 14 below. 4.3.2 The Landlord hereby gives its consent for internal work within the Demised Premises, including improvements for the purpose of making it compatible to the needs of the Tenant. This consent is conditioned upon the delivery of a drawing of the improvements which shall be approved by the Landlord. 4.3.3 The Tenant shall solely be liable for the carrying out of the internal work and it covenants that the works will be carried out according to all laws related to their undertaking, including safety instructions, and in coordination with the management company. 4.3.4 The Tenant shall ...

THE TERM OF THE LEASE. II.1 The lease is entered into for a term determined by the parties, which term will begin on the agreed date and ends on the agreed date. The leased space must be transferred in a good state. II.2 In case of premature notice of termination of the leased space within the agreed term of the lease, the rent for the entire agreed term of the lease continues to be due, unless the parties agreed otherwise. II.3 If the lessee does not begin to use the leased space on the agreed date for any reason whatsoever, the rent will nevertheless be due with respect to the entire agreed period and the leased space will be kept available at the lessee's expense and risk. If the lessee does not immediately begin using the leased space after a demand to that effect, the space is at the free disposal of the lessor, whereas the agreed rent continues to be due in full. II.4 The lessor reserves the right not to extend the agreed term of the lease after it has expired. II.5 If the lease agreement has been concluded for an indefinite period, the lease agreement ends by written notice of termination from one of the parties to the other contracting party, with the due observance of a period of notice of 1 week.

THE TERM OF THE LEASE. (a) Notwithstanding the provisions of the Agreement, the term of the lease of Omrix shall terminate on 31.12.

THE TERM OF THE LEASE. The term of the Lease shall be five years, commencing from June 15th, 2002 to June 14th, 2007. Upon the expiration of this Lease, Party B shall take priority of leasing the Premises. Prior to the expiration of the Lease term, both Parties shall give the written notices at lease six months in advance for the issues of either negotiating the lease renewal or terminating the lease before expiration of the Lease

THE TERM OF THE LEASE is hereby extended so that the expiration date of the Lease shall be December 31, 2007 (the “Extension Period”).

THE TERM OF THE LEASE. Supplement No. 1 commenced with --------------- respect to the Parcel on March 27, 1996 and shall expire on March ____, 2003, unless extended by Landlord and Tenant to March _____, 2005, pursuant to the terms of the Amended and Restated Master Lease.

THE TERM OF THE LEASE. A. The term of the Lease shall be six years, commencing from March 20th, 2003 to March 19th, 2009. B. The Lease may be renewed by Party B giving a notice in writing to Party A at least three months prior to the expiration of the term hereof, and such renewal, if any, shall be subject to the rental and other conditions as negotiated by both Parties. A new lease shall be contracted otherwise by the Parties. C. In the event that Party A shall not consent to the renewal of lease after receiving a written notice by Party B requesting for such renewal, Party A shall reply to Party B in writing thereupon. In such case, Article 451 of the R.O.

THE TERM OF THE LEASE. The term of the lease is for a total of 6 years from July 1, 2008 to June 30, 2016. The lessee shall undertake procedures for the renewal of the lease contract if the lessee needs to extend the term for the use of the land. The lease renewal shall be completed two month in advance from the expiration date of the lease. Failure to execute the contract for renewal shall be considered forfeiture of the extension of the term for the use of the land.