During the Initial Term. During the Initial Term, the Lessee shall have the right of Early Termination of the Lease after three (3) years from the Commencement Date of the Lease, provided that the Lessee is not in a status of Default (as defined in Section 17 below). To effectuate Early Termination during the Initial Term, the Lessee shall comply with the Notification of Termination requirements stated in Section 3.D above.
During the Initial Term. MP shall pay to AOL a guaranteed payment of Five Million Dollars (US $5,000,000) as follows:
(i) Two Hundred Thousand Dollars (US $200,000) upon execution of this Agreement;
(ii) Two Hundred Thousand Dollars (US $200,000) on January 15, 1998;
(iii) Four Million Dollars (US $4,000,000) upon the occurrence of the earlier of (i) the receipt of funds by MP in a debt or equity financing (or series of related financings) consummated by MP after the Effective Date yielding aggregate proceeds to MP of at least Six Million Dollars (US $6,000,000) and (ii) March 1, 1998;
(iv) Two Hundred Thousand Dollars (US $200,000) on April 1, 1998;
(v) Two Hundred Thousand Dollars (US $200,000) on July 1, 1998 and
(vi) Two Hundred Thousand Dollars (US $200,000) on October 1, 1998.
During the Initial Term. If OWNER terminates the contract for convenience prior to the ending date of the Initial Term, OWNER shall provide CONTRACTOR with at least six (6) months prior written notice of termination and OWNER shall pay CONTRACTOR a demobilization fee equal to % of the current base fee.
During the Initial Term. Tenant shall pay rent in the amount of Twelve Thousand Dollars per month during the first five Lease Years following the Commencement Date.
2. All other terms and conditions of the Lease shall remain in full force arid effect.
During the Initial Term. Tenant shall pay rent in the amount of Twelve Thousand Dollars ($12,000.00) per month during the first three Lease Years following the Commencement Date, Thirteen Thousand Dollars ($13,000.00) per month during the fourth Lease Year, and Fourteen Thousand Dollars ($14,000.00) per month during the fifth Lease Year of the Initial Term.
During the Initial Term. The Agreement may not be terminated for convenience prior to the start of the fourth year of the Agreement except for Unforeseen Circumstances. If OWNER terminates the contract for convenience during the fourth or fifth year of the Agreement, OWNER shall provide CONTRACTOR with at least six (6) months prior written notice of termination and OWNER shall pay CONTRACTOR a demobilization fee equal to 5% of the current base fee.
During the Initial Term the Buyer shall not, and shall cause its Affiliates (as defined in the Transaction Agreement) (“Affiliates”) not to, engage, or permit to be engaged on its behalf, any third party other than the Agent to enter into supply agreements with international suppliers for the purchase of the Product to be imported into the Territory, for the benefit of, or otherwise servicing, the Buyer or its Affiliates. The Agent shall be the exclusive agent of the Buyer in the Territory with respect to the to negotiation of supply agreements with international suppliers for the purchase of the Product to be imported into the Territory. Notwithstanding the foregoing, in the event that the Buyer requests the negotiation of a Supply Agreement under this Agreement and the Agent is unable to fulfill such request, the Agent will give prompt written notice to the Buyer of such inability, and following such notice, Buyer will be allowed to engage other third-party agents in the negotiation of a supply agreement for such request.
During the Initial Term. 6.3.1 If a Mount Sinai Party or a principal investigator employed by one or more of the Mount Sinai Parties (a “PI”) wishes to use Covered Data in connection with a Commercial Project, the PI (if applicable) and each of the applicable Mount Sinai Party(ies) shall engage in the following process: Pursuant to SEC Release 34-85381, certain identified information has been excluded from this Exhibit because it is (i) not material and (ii) would be competitively harmful if publicly disclosed. 15
During the Initial Term. (a) Within sixty (60) days of written confirmation that Supplier has obtained all Section 1(c) approvals, a PO for a minimum of [*] units, in whatever mixture and configuration as elected by buyer in buyer’s sole and absolute discretion; and
(b) For the first 18 months from the Effective Date, a minimum of [*] Dollars of Supplier Products shall be purchased within said period from the Supplier, in whatever mixture and configuration as elected by buyer in buyer’s sole and absolute discretion; and
(c) For the next 12-month period after the first 18 months, an additional minimum of [*] Dollars of Supplier Products per annum shall be purchased from the Supplier, in whatever mixture and configuration as elected by buyer, in buyer’s sole and absolute discretion; and
(d) For the next 12-month period after the first 30 months, an additional minimum of [*] Dollars of Supplier Products per annum shall be purchased from the Supplier, in whatever mixture and configuration as elected by buyer, in buyer’s sole and absolute discretion; and
(e) For the next 18-month period after the first 42 months, an additional minimum of [*] Dollars of Supplier Products shall be purchased from the Supplier, in whatever mixture and configuration as elected by buyer, in buyer’s sole and absolute discretion.
During the Initial Term. Landlord may, with or without cause and at any time during the Initial Term, terminate this Lease upon thirty (30) days’ prior written notice to Tenant, without the payment of any termination fee or other similar payment (unless, prior to the Renewal Deadline, Landlord has elected to renew the Term for the Renewal Term).
