Effective Date of this Lease; Duration of Lease Term. (a) This Lease shall be effective when delivered on the date of issuance of the Bond. The initial term hereof (the “Initial Term”), shall expire at 11:59 p.m., Xxxxxx County, Georgia time, on September 1, 2017.
(b) Provided that this Lease is in full force and effect and the Company is not in default under the terms hereof beyond any applicable notice and cure period provided for herein, the Issuer hereby grants to the Company the option to extend the Term of this Lease on the terms stated herein, except as otherwise provided herein, for a renewal period expiring at 11:59 p.m., Xxxxxx County, Georgia time, on June 1, 2018 (the “First Renewal Term”).
(c) Provided that this Lease is in full force and effect and the Company is not in material default under the terms hereof beyond any applicable notice and cure period provided for herein, the Issuer hereby grants to the Company the option to further to extend the Term of this Lease on the terms stated herein, except as otherwise provided herein, for a second renewal period expiring at 11:59 p.m., Xxxxxx County, Georgia time, on March 1, 2019 (the “Second Renewal Term”).
(d) Provided that this Lease is in full force and effect and the Company is not in default under the terms hereof beyond any applicable notice and cure period provided for herein, the Issuer hereby grants to the Company the option to further extend the Term of this Lease on the terms stated herein, except as otherwise provided herein, for a third renewal period expiring at 11:59 p.m., Xxxxxx County, Georgia time, on December 1, 2019 (the “Third Renewal Term”).
(e) Provided that this Lease is in full force and effect and the Company is not in material default under the terms hereof beyond any applicable notice and cure period provided for herein, the Issuer hereby grants to the Company the option to further to extend the Term of this Lease on the terms stated herein, except as otherwise provided herein, for a fourth renewal period expiring at 11:59 p.m., Xxxxxx County, Georgia time, on September 1, 2020 (the “Fourth Renewal Term”).
(f) Provided that this Lease is in full force and effect and the Company is not in default under the terms hereof beyond any applicable notice and cure period provided for herein, the Issuer hereby grants to the Company the option to further extend the Term of this Lease on the terms stated herein, except as otherwise provided herein, for a fifth renewal period expiring at 11:59 p.m., Xxxxxx County, Georgia time, on J...
Effective Date of this Lease; Duration of Lease Term. This Lease shall become effective upon its delivery in accordance with Section 3.1 above. The term of this Lease shall expire at 11:59 p.m., Effingham County, Georgia time, on July 1, 2033, subject to the provisions of this Lease permitting earlier termination (including particularly Articles X and XI hereof). Notwithstanding any expiration or termination of this Lease, those covenants and obligations that by the provisions hereof are stated to survive the expiration or termination of this Lease shall survive the expiration or earlier termination of this Lease.
Effective Date of this Lease; Duration of Lease Term. The agreements contained in this Lease shall become effective and the Agreement Term shall begin as of the dated date hereof. The Lease Term shall not commence until the Date of Beneficial Occupancy. Unless sooner terminated or extended in accordance with the provisions of this Lease, this Lease and the Lease Term shall expire at midnight on the tenth anniversary of the thirty-first day of December of the year immediately following the year in which the Date of Beneficial Occupancy occurs; provided, however, if for any reason the entire Project has not been transferred to the Lessee pursuant to Article XI hereof, then the Lease Term shall continue until such Project has been so transferred (such period after the Stated Termination Date shall herein be called the "Extended Lease Term").
Effective Date of this Lease; Duration of Lease Term. This Lease shall become effective upon its delivery and the leasehold interest created by this Lease shall then begin, and, subject to the other provisions of this Lease (including particularly Articles X, XI, and XII hereof), shall expire at midnight, December 1, 2015, or if at said time and on said date Payment in Full of the Series 2000A Bonds shall not have been made, then on such date as such payment shall have been made.
Effective Date of this Lease; Duration of Lease Term. RENTAL PROVISIONS; NATURE OF OBLIGATIONS OF COMPANY
Effective Date of this Lease; Duration of Lease Term. This Lease, as amended and restated, shall become effective upon its delivery and shall expire at 12:01 a.m., City of Moultrie, Georgia, time, on October 1, 2009, unless this Lease is earlier terminated as herein provided.
Effective Date of this Lease; Duration of Lease Term. This Lease shall become effective upon its delivery in accordance with Section 3.1 above. The term of this Lease shall expire at 11:59 p.m., Avondale Estates, Georgia time, on December 1, 2035 subject to the provisions of this Lease permitting earlier termination (including particularly Articles X and XI hereof). Notwithstanding any expiration or termination of this Lease, those covenants and obligations that by the provisions hereof are stated to survive the expiration or termination of this Lease shall survive the expiration or earlier termination of this Lease.
Effective Date of this Lease; Duration of Lease Term. This Lease shall become effective upon its delivery and shall be in full force and effect until midnight, July 1, 2017 subject to the provisions of this Lease permitting earlier termination or extension of the Lease Term (including particularly Articles X and XI), or if the Bonds have not been paid or retired, until such date as such payment or provision shall have been made; provided, however, that the covenants and obligations expressed herein to so survive shall survive the expiration or earlier termination of this Lease.
Effective Date of this Lease; Duration of Lease Term. This Lease shall become effective upon its delivery and the leasehold interest created hereby shall then begin as provided in Section 3.1, subject to the other provisions of this Lease. The term of this Lease shall expire at 11:59 p.m., Xxxxxxx County, Georgia time, on December 31, of the tenth (10th) year following the completion of the last Phase of the Project completed by the Company pursuant to the Economic Development Agreement, subject to the provisions of this Lease permitting earlier termination or extension (including particularly Articles X and XI hereof). Notwithstanding any expiration or termination of this Lease, those covenants and obligations that by the provisions hereof are stated to survive the expiration or termination of this Lease shall survive the expiration or earlier termination of this Lease.
Effective Date of this Lease; Duration of Lease Term. This Lease shall become effective upon its delivery and the leasehold interest created by this Lease shall then begin, upon substantial completion of the Project as evidenced by the issuance of a “certificate of occupancy” by the governmental body with jurisdiction over the location of the Project, and, subject to the other provisions of this Lease (including particularly Articles X, XI, and XII hereof), shall expire at midnight on January 1, 2022 unless earlier terminated. If at said time and on such date Payment in Full of the Bonds shall not have been made, then this Lease shall expire on such date as such payment shall have been made.
