ADDITIONAL RENEWAL TERM Sample Clauses
ADDITIONAL RENEWAL TERM. Not more than three hundred sixty-five (365) days, and not less than two hundred twenty-five (225) days, before the scheduled end of any Renewal Term, and so long as no Event of Default shall have occurred and be continuing, Lessee may deliver to Lessor a written notice (an "ADDITIONAL RENEWAL TERM NOTICE") irrevocably electing to renew this Lease for up to a maximum of four (4) additional consecutive years at the then fair market rental value of the Aircraft (each an "ADDITIONAL RENEWAL TERM") as determined in accordance with the Appraisal Procedure; PROVIDED that in no event shall an Additional Renewal Term terminate later than the 28th anniversary of the date hereof. The duration of any Additional Renewal Term shall be a period specified by Lessee in the applicable Additional Renewal Term Notice which Additional Renewal Term shall be not less than six (6) months.
ADDITIONAL RENEWAL TERM. Provided Tenant timely extends for the Extended Term and further provided that no Event of Default exists under the Lease, Tenant shall have the one-time right to extend the Lease Term beyond the Extended Term for a period of ten (10) years (January 1, 2029 through December 31, 2038) (the “Renewal Term”) by written notice to Landlord no earlier than January 1, 2027 and no later than January 1, 2028. The Renewal Term, if exercised, shall be for the entire Premises unless Parcel A has been deleted from the Lease pursuant to Section 2.2 of Article I thereof or pursuant to paragraph 2 below; in either such event, the Renewal Term shall apply only to Parcel B. The Renewal Term shall be upon all of the same terms and conditions of the Lease, except as otherwise expressly set forth in this Addendum. Tenant shall have no further right or option to extend the Lease Term beyond the Renewal Term.