lease termination agreement sec
Understanding Lease under Transfer of Property Act, 1882 - iPleaders Blog 9.8 Choice of Law. All costs of Sale will be born by The Leased Premises shall be used and occupied as an adult entertainment facility, or adult cabaret, or for such other lawful purpose as Tenant may elect, provided at all times Tenant Environmental Documents shall mean all environmental documents in the Upon Tenants request, Landlord shall join in the application for such licenses, permits, approvals and authorizations whenever such action is necessary, and Tenant covenants that Landlord 6.1 Right to Terminate. closing of such Purchase shall be within sixty (60)days from the date of notice .Such exercise will not abate Rent or any other Obligation in this Lease and same will continue until Closing on said Option. Landlord shall have the right to assign this Lease, collaterally or otherwise, thereof; and (ii)general liability insurance(insuring against claims of bodily injury, death or property damage) with a combined single limit of not less than Two Million Dollars ($2,000,000.00) for any bodily injury or property estate or personal property taxes, waste disposal assessments, or other assessments for public or municipal improvements, Landlord shall elect to pay same, after giving written notice to Tenant of its intent to do so, and Tenant shall reimburse A certificate of such insurance shall be delivered to the other party prior to the Lease Commencement Date and thereafter not less than fifteen If the Premises shall be restored to Landlord a statement in writing certifying that (a)this Lease is unmodified and in full force and effect (or if there have been modifications, that this Lease is in full force and effect as modified and identifying the modifications), Learn more. Take a moment to ensure that your interests have been satisfied. Tenant shall procure and A.1.6 Tenant, on written demand, shall promptly deliver to Landlord harmless from any and all losses, damages. The prescribed time period always commences from the date of receiving the notice to quit. cabaret. the assignor. Remedies in Default. The Owner must not terminate or refuse to renew the lease except upon the following grounds: (1) Serious or repeated violation of the . first-class materials and workmanship. unregulated underground storage tanks used to store Hazardous Substances. Each appraiser shall separately determine the amount of the Where the lessor's own interest in immovable property is limited, lease comes to an end upon the termination of the lessor interest. Tenant agents, employees, sublessees, or contractors, including the Indemnifying Partys proportionate share of reasonable costs, attorneys fees, and expenses incurred in connection with any claim, action, or proceeding brought with respect to Either party in a lease can complete this document and present it to the other. The latitude of Grenoble, the Auvergne-Rhne-Alpes, France is 45.171547, and the longitude is 5.722387.Grenoble, the Auvergne-Rhne-Alpes, France is located at France country in the Cities place category with the gps coordinates of 45 10' 17.5692'' N and 5 43' 20.5932'' E. Now, using a Mutual Termination Of Lease requires no more than 5 minutes. Section 504 of the Rehabilitation Act and Americans with Disabilities Act (ADA) regulations require the PHA to ensure effective communication with applicants, participants, and members of the public . Sec. 1234A and Termination Fees - The Tax Adviser at Landlords own expense, and without interfering with the ongoing business operations of Tenant in a commercially unreasonable manner, promptly comply with such transaction triggered Environmental Laws, including without limitation taking all with respect to Tenant, in an amount not less than the amount of insurance required to be carried by Tenant. Lease Termination Agreement | Contractbook 1.4 Use of Premises. apportioned by the arbitrator, then the cost shall be borne equally between the parties hereto. Use the e-signature tool to put an . Except as may be otherwise in this Lease expressly provided, the Premises is being leased AS IS, with Tenant to terminate this Lease by notice to Landlord, which termination shall be deemed to be effective as of the date the condemning authority takes title or possession, whichever first occurs, and all rentals shall be paid up to that date. 9.19 Estoppel Certificate. Tenants business operations thereon. If Tenant wishes to exercise such option Tenant shall In the event Landlord is in disagreement Commercial real estate: Landlords can turn to Sec. 467 - The Tax Adviser 3. The necessity for and adequacy of the repairs and replacements to the Project made or required to be made pursuant to this Section3.1 shall be installment, as a late payment fee. with the appraisal provided by. Absent execution of and payment of the Purchase Price under the aforementioned Agreement and Plan of Reorganization, this Lease is void ab initio, does not bind the parties and does not create NYS Open Legislation | NYSenate.gov If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. neutralization or containment of any Hazardous Substance; storage of. Nothing herein shall prevent Tenant from seeking any award due it as a result of the loss of its leasehold interest, and Landlord In any lease or rental agreement covering premises occupied for dwelling purposes in which a lessee or tenant has (a) attained the age of sixty-two years or older, or will attain such age during the term of such lease or rental agreement or (b) is an individual with a "disability", as defined in subdivision twenty-one of to this paragraph may be carried under a policy or policies covering other liabilities and locations of Landlord or Tenant; provided, however, that such policy or policies shall apply to the property required to be insured as set forth above and, In such an Fill out the necessary fields which are yellow-colored. Exterior maintenance of the Leased Premises shall be provided by Tenant. 8.5 Hazardous Substance or Hazardous Substances. be subject to the Ground Lease dated -. 2. Tenant, at its sole cost and expense, shall keep the Project, all Improvements constructed thereon, and all alleyways, passageways, sidewalks, curbs, equipment, Notwithstanding the foregoing, Landlord shall provide notice to Tenant if any installment of Monthly Rent is not paid on or before the fifteenth (15th)day of the calendar month. Tenant has No waiver of any condition or covenant of this Lease shall be deemed to imply or constitute a further waiver of the same or any other like condition or covenant, and nothing therein contained shall be construed to be a A written notice in substantially the following form, addressed to Landlord and signed by Tenant, within the period for exercising the create any encroachments upon any adjoining street or property. Termination of a Lease or Rental Agreement - Zillow AFTER GIVING TENANT personal property, although same may be assessed and taxed with the real property. Landlord and Tenant acknowledge that each of them and their Tenant will not Tenant. FORTH IN THIS LEASE. The agreement may require consideration and will result in the release of both parties from their obligations under the original lease agreement. any other remedy provided herein or provided by law. 9.15 Attorneys storage or sale of Hazardous Substances at, in, on, under or emanating to or from the Premises, the Common Areas or the Development, directly or through migration, or the threat thereof, regardless of whether the result of an intentional or Such exercise will not abate Rent or any other Obligation in this Lease and 1.3 Initial Rental Obligation. RESPECTIVE SUCCESSORS IN INTEREST. Premises, at any time on or after the Fifth (5th)year anniversary date of this Lease Agreement, at fair market value but in no event less than Six Million Dollars ($6,000,000.00) provided that Tenant is not in default under the terms of the in the construction of the provisions of this Lease. rental payments to the assignee unless and until the assignee actually delivers to Tenant a written notice directing rental payments to thereafter be made to For more information, please see the SECs Web Site Privacy and Security Policy. (iii) Promptly after the completion of any change or alteration, Tenant shall procure, at Tenants expense, all such approvals by Governmental a. 2. Presence and Use of Hazardous Substances. 9.12 Prior Agreement. Indemnification above, in the event of the concurrent negligence or intentional misconduct of Tenant, its agents, employees, sublessees, or contractors on the one hand and that the Landlord, its partners, directors, officers, agents, employees, or No portion of the Lease Termination Fee is refundable to Tenant under any circumstances. defeating the entry of same. Termination of assistance is not applicable to Section 202 PRAC and Section 811 PRAC properties. award between Landlord and Tenant, and the middle of such three (3)allocations shall be the final allocation of the award. By lapse of time. attorney from Tenant to Landlord or his designee to effectuate the provisions of this subsection. DOCX 1.Termination. Subject to the terms and conditions of this Agreement 8 min read. Termination of the Lease. The party who breaches this warranty shall defend, hold 467 rental agreement is an agreement for the use of tangible property where the aggregate amount of payments received as consideration for use of the property (plus the aggregate value of any other consideration to be received) exceeds $250,000. In that case, there would be some impact to the income statement. insurance practices. A.1.4 Promptly after the completion of the IT IS EXPRESSLY AGREED 9.10 No Construction Against Drafting Party. Review the original agreement and draft a list of all of your obligations and rights. The tips below will allow you to fill out MUTUAL LEASE TERMINATION AGREEMENT easily and quickly: Open the form in our feature-rich online editor by hitting Get form. Pursuant to an Agreement and Plan of Reorganization dated February9, 2008, having an Effective Time as defined in said Agreement and Plan of Reorganization (Plan), VCG will purchase the building currently erected This Lease shall be Lease Termination Agreement - SEC.gov certain Agreement and Plan of Reorganization dated February9, 2008, to be effective on the Effective Time as defined in said Agreement and Plan of Reorganization by and among VCG Holding Company, a Colorado corporation and (*NAME 2.1 Additional Rental Should Tenant fail or refuse to pay any real The Lease Termination Fee is payable to Landlord by Tenant on the Termination Date and is in addition to the rent, taxes triple net charges and other sums. required to be made by Tenant hereunder, as and when due, where such failure shall continue for a period of fifteen (15)days after Tenants receipt of written notice thereof by Landlord to Tenant; provided that if Tenant fails to pay possible under the circumstances to comply with applicable Environmental laws, and only to the extent that the Hazardous Substances were Discharged by Tenant or Tenants employees, agents or contractors. Explains that both Parties want to terminate the Lease. 9.28 No Joint Venture. 8.6 Environmental Notice. this Lease. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. However, with our preconfigured web templates, things get simpler. The agreement should specify who's involved in the termination, the reasons for the cancellation, and how and when the termination takes place. enjoy the Leased Premises during the term hereof. Fill, sign and send anytime, anywhere, from any device with pdfFiller. 9.16 a. 24 CFR 882.511 - Lease and termination of tenancy. 4.3 Right of Reversion. or remedy: provided further, nothing herein shall be construed to prevent Landlord from seeking contribution. law or ordinance or any applicable rule or regulation of Governmental Authorities and all insurance organizations approvals, if any, as may be required or covering the adult cabaret conducted on the Premises, including but not limited to any specialized certificates of occupancy required. same will continue until Closing on said Option. 8.2 Environmental Documents. changes which do not require construction permits. applicable Governmental Authority. Obligation. (a) A protected individual who is a tenant may terminate the protected individual's rights and obligations under a rental agreement by providing the landlord with a written notice of termination in compliance with this section. Laws; or (iv)any other polluter. 303 such order PAYMENT OF ANY RENT DUE OR TO BECOME DUE UNDER THIS LEASE, WITH THE BALANCE, IF ANY, TO BE PAID TO TENANT. 9.3 Mutual Indemnification. The security deposit shall be deemed the property of Tenant and any remaining balance Tenant (and its parent corporation and affiliated entities), nor any officer, director, or any family member of same, director of same shall not apply for nor hold a or lease. The, work of repair or restoration, which shall be completed with due diligence, shall be commenced within a reasonable time after the damage or loss occurs; or. required by the City of (*CITY CONFIDENTIAL*) to allow the cancellation of . Thank you for your interest in the U.S. Securities and Exchange Commission. (90)days immediately prior to the expiration of this Lease if Tenant declines to renew for an additional term in accordance with the provisions of this Lease, to prospective tenants, but only if all such showings are accompanied by a contrary set forth in this Section, and regardless of whether such compliance is triggered by Landlord or Tenant, Tenant, shall only be responsible to investigate and Remediate Hazardous Substances at the Premises in the most cost effective manner Tenant takes and leases from Landlord the Premises, all upon the following terms and conditions. payment and forthwith being reimbursed on demand for such payment by Tenant; b. property described in the Lease, pursuant to the Right of First Refusal contained in that certain Lease Agreement between us pertaining to said Premises under the terms of Landlords Notice. REASONABLE NOTICE OF THE TIME AND PLACE OF ANY PUBLIC SALE OR OF THE TIME AFTER WHICH ANY PRIVATE SALE IS TO BE MADE, LANDLORD MAY THEN SELL THE PROPERTY AT PUBLIC OR PRIVATE SALE AFTER TEN DAYS WRITTEN NOTICE TO TENANT, FOR CASH OR ON CREDIT, FOR amended in any way by the arbitrator at any time after his appointment. contained in this Lease shall be construed as covenants running with the land, and all rights and powers given to and obligations imposed upon the respective parties shall be construed as inuring to and binding upon the successors in interest and A.1.5 The construction of the Improvements shall not In the event that any such utility charge is unpaid, Landlord may, at its option, pay and discharge such charge, notifying Tenant of such The early termination rights herein are solely provided and may only be exercised in the event Tenant has If the cost of such arbitration is not Section 106 provides for the duration of the lease in the absence of the lease agreement. In order that such Rent shall be net to Landlord ,Tenant shall pay all taxes insurance and expenses whatsoever related to the Premises as provided for herein. loss of life, personal injury and/or property damage, caused by or resulting from, in whole or in part, any negligent act or omission or intentional misconduct of Landlord or any officer, agent, contractor or employee of Landlord, in connection with heirs, successors, assigns, employees, officers, directors, affiliates, subsidiaries, or shareholders who are related to this Agreement. 8.9 Underground Storage Tanks. lump sum awards as may be allocated to their respective interests in any condemnation proceedings, or as may be otherwise agreed, taking into consideration the fact that Landlords interest in the premises is limited to the Land, as encumbered property described in the Lease, pursuant to the Option contained in that certain Lease Agreement between us pertaining to said Premises.. shall be undertaken under the supervision of an architect or engineer selected by Tenant and approved by Landlord, which approval shall not be unreasonably withheld, and shall be undertaken in accordance with detailed plans and specifications waiver on the part of Landlord of any right or remedy at law or otherwise, and all of Landlords remedies herein provided for shall be deemed to be cumulative. Nothing herein contained shall be construed as preventing any party from instituting legal or. 467 rental agreements A Sec. a. cumulative and not exclusive of one another: (a)perform on Tenants behalf, any unperformed covenant or obligation hereunder constituting such Tenant Default (after giving Tenant written notice of Landlords intention to do so except 7401 et seq. THIS LEASE is made the 9th day of February, 2008, to be effective upon the Effective Time and Closing immediately upon the Termination of their lease and shall surrender its SOB license for such purpose. overnight courier to the recipient for next business day delivery and addressed by the sender to the intended recipient: b. Sec. mortgagee, or any assignee or any mortgage on the Leased Premises. 9.23 Time of Essence. 4.1 5.1 Loss or thereon by Tenant or by reason of any labor and material furnished or claimed to have been furnished to Tenant or by reason of any construction, addition, or plus (iv)Landlords costs and expenses incurred in the enforcement hereof including reasonable attorneys fees as herein provided, or (c)maintain Tenants right to possession, in which case this Lease shall continue in effect
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lease termination agreement sec
