Easement Term Clause Samples

The Easement Term clause defines the duration for which an easement—typically a right to use another party's land for a specific purpose—remains in effect. This clause specifies whether the easement is granted for a fixed period, until a certain event occurs, or in perpetuity, and may outline conditions for renewal or termination. By clearly establishing the timeframe and any conditions affecting the easement's continuation, this clause provides certainty to both parties and helps prevent disputes over the rights and obligations associated with the easement.
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Easement Term. For purposes of this Agreement “Easement Term” shall mean the period from the date hereof until the soonest to occur of: (a) the expiration or sooner termination of the Ground Lease; (b) the sooner to occur of (i) City failing to build a Recreation Center on the Recreation Center Site within two (2) years of the date of this Agreement or, if the City causes one to be built but fails to operate the same or any other improvements thereon primarily as a recreational facility open to the general public for a period of twelve (12) consecutive months (exclusive of up to six (6) months following a casualty event affecting a substantial portion of any such Recreation Center); or (c) the execution by the parties hereto or their respective successors and assigns and recording in the office of the Register of Deeds of ▇▇▇▇▇▇▇ County, Kansas of an agreement terminating this Agreement. Once the Easement Term has expired under the preceding sentence any party to this Agreement may execute and record a notice that the Easement Term has expired and thereafter this Agreement will have no further force or effect.
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Easement Term. A minimum ten-year term for the easement to adequately reflect the service life of the sidewalk starting on the date of agreement and ending ten years.
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Easement Term. This Easement Agreement, including the Easement and all other covenants, agreements, rights and obligations created hereby, shall run with the Easement Property, and shall be binding on and inure to the benefit of all persons having or acquiring fee title to the Easement Property, all upon the terms, provisions and conditions set forth herein. The rights granted hereunder to Grantee are personal to Grantee and may not be assigned by Grantee without Grantor’s prior written consent. The Easement Agreement shall terminate upon the earlier to occur; 1) December 31, 2022, or 2) execution and conveyance of a permanent Access and Improvement Easement Agreement associated with a purchase and sale agreement for the ▇▇▇▇▇▇ Farm Parcel between Grantor and Grantee.‌
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Easement Term. Supplier shall enjoy the rights, benefits and privileges conveyed by the Easement commencing on the Effective Date until the end of the Easement Term, which shall occur upon the earlier of: (a) such time as the System is removed by Supplier or abandoned by Supplier, meaning that Supplier fails to operate and maintain the System for a continuous period of ninety (90) days and (b) closing date of the Customer’s purchase of the System pursuant to Section 8.5, at which time all right, title and interest in the Easement shall revert to the then owner of the Premises.
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Easement Term. The Easement Term is the initial term of the Easement.
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Easement Term. This Agreement and the Easement granted herein shall remain in effect for only a limited period of time (the “Easement Term”) beginning on the Effective Date and ending on the 100th anniversary of the Effective Date. Upon expiration of the Easement Term, all rights of Owner relinquished or restricted under this Agreement shall then revert back to Owner and all actions of Owner prohibited under this Agreement shall then no longer be prohibited.
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Easement Term. This Easement shall commence upon the date it was executed and shall expire on the date the Leavenworth City Council accepts the Project or on December 31, 2026, whichever occurs first (the “termination date”). The Grantee agrees to surrender use of the premises upon the expiration of this easement on its termination date or any extension thereof, and to leave the premises in substantially the same or better condition than it was on the date this easement was executed, save an except for the Project work.
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Easement Term. The term of this Agreement and the easements granted herein shall be perpetual, except that this Agreement and the easements granted herein shall terminate upon the occurrence of any of the following: (i) a change in any applicable zoning regulations which requires Lot I to retain the exclusive use of all of its parking spaces; (ii) the improvements on Lot 1 are redeveloped or expanded and such redevelopment or expansion results in a reduction of total parking spaces on Lot 1 by ten (10) parking spaces or more; (iii) the use of Lot 1 changes to any use other than a specialty hospital; or (iv) the receipt by the Owner of Lot 1 of any written notice from the City of Dallas alleging a violation of the Special Use Permit No. 1731, dated November 10, 2008, as reflected in Ordinance No. 27396 of the City of Dallas. This Agreement and all of Grantee’s rights, title and interests thereunder may be terminated by Grantor upon the occurrence of any of the events listed above in (i) through (iv) of this Section 1.7 (a “Termination Condition”) upon delivery of written notice of termination (the “Termination Notice”) and the sum of $100,000.00 (the “Termination Payment”) to Grantee (or to the then-current owner of Lot 2 if Grantee not the owner of Lot 2 when a Termination Condition occurs and Grantor sends a Termination Notice). The termination of this Agreement shall be effective upon the date of delivery of the Termination Notice and Termination Payment to Grantee. 3. This Amendment may be executed in several counterparts, each of which shall be deemed an original; further, the signature of the parties to this Amendment may be executed and notarized on separate pages, and when attached to this Amendment shall constitute one complete document. 4. It is the intention of Grantor and Grantee that (a) the Termination Payment is an integral part of the easements granted in the Parking Easement Agreement and is integrally connected with the use of land and (b) the obligation to pay the Termination Payment as a condition to the termination of such easements touches and concerns the Lots, binds Grantor and Grantee and their successors and assigns, and runs with the land. Furthermore, Grantor and Grantee acknowledge and agree that the Termination Payment is fair and equitable compensation for the termination of the easements described in the Parking Easement Agreement upon the occurrence of a Termination Condition, and is not intended to be a penalty or a private transfer fee. ...
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Related to Easement Term

  • Agreement Term This Agreement commences on the Effective Date and continues until terminated in compliance with this Clause.

  • Basic Term Subject to earlier termination in accordance with subsection 6(b) below, the exercise period of this option shall expire ten (10) years after the date it is granted.

  • Term of the Lease The lease begins at p.m. on (the “Check-in Date”) and ends at a.m. on (the “Checkout Date”).

  • Lease Term The terms and provisions of this Lease shall be effective as of the date of this Lease. The term of this Lease (the “Lease Term”) shall commence on the “Lease Commencement Date,” as that term is set forth in Section 3.2 of the Summary, and shall terminate on the “Lease Expiration Date,” as that term is set forth in Section 3.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. Tenant hereby acknowledges that the Premises are currently occupied by another tenant of the Building. If Landlord is unable for any reason to deliver possession of the Premises to Tenant on any specific date , then Landlord shall not be subject to any liability for its failure to do so, and such failure shall not affect the validity of this Lease or the obligations of Tenant hereunder. For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month period during the Lease Term. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall execute and return to Landlord within ten (10) business days of receipt thereof; provided, however, Tenant’s failure to execute and return such notice to Landlord within such time shall be conclusive upon Tenant that the information set forth in such notice is as specified therein. In addition to the foregoing, subject to any delays caused by Tenant or any Tenant Parties and events of Force Majeure, if Landlord fails to tender possession of the Premises to Tenant on or before January 2, 2015 (the “Base Rent Delivery Date”), Tenant shall be entitled to one (1) day of per diem Base Rent abatement for each day commencing on the day after the Base Rent Delivery Date and ending on the date Landlord so tenders possession of the Premises to Tenant. Any such Base Rent Abatement shall be separate from and in addition to any Rent Abatement described in Section 3.2 below.