Period of the Term Sample Clauses

Period of the Term. This Agreement shall continue for an initial term of ten (10) years commencing on the date the Facility is opened for occupancy, and ending on the last day of the calendar month in which the tenth (10th) anniversary of such opening date occurs (the "Original Expiration Date"). The Owner and Manager agree to execute a certificate setting forth the date on which the initial term commences promptly after such opening. Thereafter, this Agreement shall be renewed automatically for four (4) additional five (5) year terms unless the Manager sends the Owner written notice no less than ninety (90) days prior to the then applicable Expiration Date that it does not wish to have the Agreement renew beyond the then applicable Expiration Date. As used herein the term "Expiration Date" shall mean the later of the Original Expiration Date, or the date to which this Agreement has been extended as provided in this Section 7.1.
Sample 1
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Period of the Term. This Agreement shall continue for an initial term of ten (10) years commencing on July 1, 1996 (the "Commencement Date"), and ending on June 30, 2001. Thereafter, this Agreement shall be renewed automatically for three (3) additional five (5) year terms unless the Owner sends the Manager written notice no less than ninety (90) days prior to the then applicable Expiration Date that it does not wish to have the Agreement renew beyond the then applicable Expiration Date. As used herein the term "Expiration Date" shall mean the later of June 30, 2001, or the date to which this Agreement has been extended as provided in this Section 7.1.
Sample 1
Period of the Term. This Agreement shall continue in force for a period of fifteen years (15) commencing on March 16, 1998 (the "Commencement Date") and terminating on March 15, 2013 unless earlier terminated pursuant to Paragraph 7.2. The Lessee shall have the option to extend the Agreement for three (3) additional five (5) year renewal terms upon ninety (90) days written notice to the Manager.
Sample 1
Period of the Term. This Agreement shall continue for an initial term of twenty (20) years commencing on July 1, 1996 (the "Commencement Date"), and ending on June 30, 2016. Thereafter, this Agreement shall be renewed automatically for three (3) additional five (5) year terms unless the Owner sends the Manager written notice no less than ninety (90) days prior to the then applicable Expiration Date that it does not wish to have the Agreement renew beyond the then applicable Expiration Date. As used herein the term "Expiration Date" shall mean the later of June 30, 2001, or the date to which this Agreement has been extended as provided in this Section 7.1.
Sample 1
Period of the Term. This Agreement shall continue for an initial term often (10) years commencing on the date the Facility is opened for occupancy, and ending on the last day of the calendar month in which the tenth (10th) anniversary of such opening date occurs(the "Original Expiration Date"). Thereafter, this Agreement shall be renewed automatically for two (2) additional five (5) year terms unless the Manager sends the Owner written notice no less than ninety (90) days prior to the then applicable Expiration Date that it does not wish to have the Agreement renew beyond the then applicable Expiration Date. As used herein the term "Expiration Date" shall mean the later of the Original Expiration Date, or the date to which this Agreement has been extended as provided in this Section 7.1.
Sample 1

Related to Period of the Term

  • Term of the Plan The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of Directors; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board of Directors, or (ii) the date the Plan is approved the stockholders of the Company.

  • Period of Duration The term of the Company shall continue in perpetuity, unless the Company is earlier dissolved pursuant to law or the provisions of this Agreement.

  • Period of Option Unless the Option is previously terminated pursuant to this Agreement, the term of the Option and this Agreement shall commence on the Date of Grant and shall terminate upon the tenth anniversary of the Date of Grant. Upon termination of the Option, all rights of the Optionee (including, without limitation, his or her guardian or legal representative) hereunder shall cease.

  • Expiration of the Employment Period If Executive’s employment terminates by reason of the expiration of the Employment Period pursuant to Section 1 as a result of the Company’s or Executive’s non-extension, then the Company will provide Executive with the Accrued Obligations. Thereafter, the Company Group shall have no further obligation to Executive or Executive’s legal representatives.

  • End of Term 16.1 At the end of the Term, Tenant shall promptly quit and surrender the Premises broom-clean and in good order and repair, ordinary wear and tear and damage from casualty which Tenant is not required by other provisions of this Lease to repair excepted. If Tenant is not then in default, Tenant shall have the right to remove from the Premises any Removable Trade Fixtures (as defined in Section 14.1 (b)), unattached equipment, and movable furniture placed in the Premises by Tenant. Whether or not Tenant is in default, Tenant shall remove such Alterations, equipment, and furniture as Landlord has required under Article 14. Tenant shall fully and properly repair any damage occasioned by the removal of any Removable Trade Fixtures, equipment, furniture and Alterations. All trade fixtures, equipment, furniture, inventory, effects and Alterations left on the Premises after the end of the Term shall be deemed conclusively to have been abandoned and may be appropriated, sold, stored, destroyed, or otherwise disposed of by Landlord without written notice to Tenant or any other person and without obligation to account for them. Alternatively, Landlord, at its option, shall have the right to declare the Term to be continuing until all such property is removed and the Premises surrendered to Landlord in the condition required by this Lease, and Monthly Rent (at the rate specified in Section 27.11) and Additional Rent shall continue to accrue and shall be payable upon demand. Tenant shall pay Landlord for all expenses incurred in connection with the removal of such property, including but not limited to the cost of repairing any damage to the Building or Premises caused by the removal of such property. Tenant's obligation to observe and perform this covenant shall survive the expiration or other termination of this Lease.

  • Effective Period of this Agreement This Agreement shall take effect upon its execution and shall remain in full force and effect for an initial term of two (2) years from the date of its execution (unless terminated as set forth in Section 11), and shall continue in effect from year to year thereafter, subject to annual approval of such continuance by the Board of Trustees of the Trust, including the approval of a majority of the Trustees of the Trust who are not interested persons of the Trust or of Distributor by vote cast in person at a meeting called for the purpose of voting on such approval.

  • Contract Term The Contract Term shall mean the period of time commencing on the date of a Change in Control and ending on the Expiration Date.

  • Contract Period “Contract Period” shall mean the period commencing the day immediately preceding a Change in Control and ending on the earlier of (i) the second anniversary of the Change in Control or (ii) the death of the Executive. For the purpose of this Agreement, a Change in Control shall be deemed to have occurred at the date specified in the definition of Change-in-Control.

  • Period of Work Approximately [+] months (e.g. [+]). Deliverable: Plan, monitor, and report overall delivery of milestones and budget.

  • During the Employment Period (i) Executive shall devote Executive's full time and energy solely and exclusively to the performance of Executive's duties described herein, except during periods of illness or vacation periods.

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