US Legal Forms
Continuous Operation Clause

Continuous Operation Clause

Name: Continuous Operation Clause
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.84 (404 reviews)

Category:

Leases - Contracts

State:

Multi-State

Control #:

US-CL-550-1

Format:

Instant download

Description

Example of clause regarding a Continuous Operation of premises during the full term of the lease. A continuous operations clause in a lease is a requirement that obligates the tenant to continuously operate its business throughout the term of the lease. This type of provision is commonly found in a commercial lease for retail space within shopping centers. A Continuous Operation Clause (also known as a "Maintenance of Efforts Clause" or "Maintenance of Status Quo Clause") is a contractual provision in an agreement or contract that guarantees that the parties will maintain the existing level of performance for the duration of the contract. This clause is often used to ensure that neither party will reduce the level of performance or services provided during the contract period as a means to reduce costs. The two main types of Continuous Operation Clauses are Performance Clauses and Obligation Clauses. Performance Clauses guarantee that the performance of the parties will remain at the same level throughout the contract period. Obligation Clauses guarantee that the parties will continue to fulfill their obligations under the contract as originally agreed.

A Continuous Operation Clause (also known as a "Maintenance of Efforts Clause" or "Maintenance of Status Quo Clause") is a contractual provision in an agreement or contract that guarantees that the parties will maintain the existing level of performance for the duration of the contract. This clause is often used to ensure that neither party will reduce the level of performance or services provided during the contract period as a means to reduce costs. The two main types of Continuous Operation Clauses are Performance Clauses and Obligation Clauses. Performance Clauses guarantee that the performance of the parties will remain at the same level throughout the contract period. Obligation Clauses guarantee that the parties will continue to fulfill their obligations under the contract as originally agreed.

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A continuous operations clause in a lease is a requirement that obligates the tenant to continuously operate its business throughout the term of the lease. This type of provision is commonly found in a commercial lease for retail space within shopping centers.

The Tenant shall carry on business at the Demised Premises on a regular basis and not leave the Demised Premises unoccupied for a period of Fifteen (15) days or longer without the prior written consent of the Landlord.

Continuous Operations Clause A type of Business Hours clause in a retail lease that obligates the tenant to remain open for business throughout the term of its lease. This is not to be confused with a Business Hours clause, which specifies the hours during which a tenant is required to remain open for business.

Continuous operations clauses are covenants commonly found in commercial leases that compel tenants to operate efficiently and profitably by requiring them to conduct regular business at all times during the lease term.

Your occupancy limits clause should specify that the tenant may not move anyone else into the rental unit or add a roommate without your consent, and that doing so will be considered a breach of the agreement; violation of the occupancy limits clause gives you grounds to terminate the tenancy.

Continuous Occupancy, refers to the maintenance of an average occupancy of at least sixty-five percent (65%) for the Commercial Space.

A full planning application can demonstrate to the local planning authority that the occupancy condition is no longer needed. First, it needs to be demonstrated that there is no need for 'tied' property on the holding at the time of the application, nor will there be a need in the future.

A clause in an oil & gas lease that keeps the lease in force beyond the primary term even when there is no production in paying quantities if the lessee is continuing a program of drilling.

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A continuous operations clause is a specific provision included in a property lease. Particularly found in oil-and-gas leases, a continuous operations clause gives tenants the right to continue the operation of drilling wells that began before the lease expiration date.Refers to those facilities, services or functions which, of necessity, operate on a continuous basis, or at times outside the normal work-day (work-shift). A clause commonly written in retail leases that requires a tenant to continuously operate at a property for the entire term of the lease. A continuous operations clause is a legal requirement included in a commercial lease. A continuous operations clause typically states the exact premises that must remain open during the business hours specified in the lease. Sasha duplicating poignantly as kutcha Skyler Judaise her Saratov victimized avertedly. One example is the tenant's responsibility to keep operations running and the commercial space filled throughout the term of the lease. Another common lease clause that carries implications for a pandemic or governmentshutdown conditions is the continuous operation clause. 39 Typically, a lease containing a continuous operation clause sets forth the required days and hours of.

Continuous Operation Clause

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