Extension of Original Term Sample Clauses

Extension of Original Term. The Original Term of the Lease is hereby extended with respect to the Existing Premises and shall run co-terminously with the Expansion Premises Term (hereinafter defined), expiring on the redefined Expiration Date set forth below. The extended Original Term shall be on all the same terms and conditions of the Lease, except as amended hereby. The Commencement Date of the Original Term shall be determined as set forth in Section 2.2 of the Lease.
Sample 1
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Extension of Original Term. The parties hereto agree to extend the Term of the Agreement for an additional one (1) year term, with a one (1) year renewal option. Pricing for the next year shall be as follows: 4467 Prosper, TX PROSPER-1 TRAKiT Community Development Core 1 $ - 4467 Prosper, TX PROSPER-1 CodeTRAK 1 $ - 0000 Xxxxxxx, XX XXXXXXX-0 xXXXXxX Xxxxx 1 $ - 4467 Prosper, TX PROSPER-1 LandTRAK 1 $ - 4467 Prosper, TX PROSPER-1 PermitTRAK 1 $ - 4467 Prosper, TX PROSPER-1 ProjectTRAK 1 $ - 4467 Prosper, TX PROSPER-1 TRAKiT End User License 1 $ 46,175.33 4467 Prosper, TX 23185 TRAKiT End User License 10 $ 4,410.00 4467 Prosper, TX PROSPER-1 TRAKiT Credit Card Reader Interface 1 $ 1,389.15 4467 Prosper, TX PROSPER-1 eTRAKiT Citizen Portal 1 $ 926.10 Total $ 52,900.58 Customer shall notify CentralSquare, in writing, no less than sixty (60) days prior to the expiration of this Amendment of its desire to renew for the additional year. Pricing for the optional one-year renewal term shall be determined after receiving notice of Customer’s intent to exercise the one-year renewal option.
Sample 1
Extension of Original Term. The parties hereto agree to extend the Term of the Agreement for an additional one (1) year term. Pricing for the January 1, 2022 to December 31, 2022 renewal period shall be as follows: TRAKiT Community Development Core 1 $ - CodeTRAK 1 $ - iTRAKiT Suite 1 $ - LandTRAK 1 $ - PermitTRAK 1 $ - ProjectTRAK 1 $ - TRAKiT End User License 1 $ 50,908.30 TRAKiT End User License 10 $ 4,862.03 eTRAKiT Citizen Portal 1 $ 1,021.03 Customer shall notify CentralSquare, in writing, no less than sixty (60) days prior to the expiration of this Amendment of its desire to renew for the additional year. Pricing for the optional one-year renewal term shall be determined after receiving notice of Customer’s intent to exercise the one-year renewal option.
Sample 1
Extension of Original Term. The parties agree that the Original Term is hereby extended to and including September 30, 2006, at which time the Original Term shall expire.
Sample 1
Extension of Original Term. The Original Term, presently scheduled to expire on June 30, 2011, is hereby extended to August 31, 2016; the period beginning July 1, 2011 through August 31, 2016 is hereby referred to as the “Extended Term”. Lessee shall have no right or option to extend or renew its rental of the Premises beyond August 31, 2016, except as provided in Paragraph 3 below.
Sample 1
Extension of Original Term. The Parties agree that the Original Term of the Research Collaboration is hereby extended until one (1) year after the Amendment Date (the “First Extension Period”), at which time it shall terminate unless further extended as set forth immediately below. If Amgen provides written notice to Memory on or before sixty (60) days prior to the end of the First Extension Period that Amgen desires to extend the Original Term from the end of the First Extension Period for a one (1) year period, and if Memory thereafter agrees in writing to such extension prior to thirty (30) days prior to the end of the First Extension Period, then the Original Term shall be extended for such additional one (1) year period (such additional one (1) year period, the “Second Extension Period”). During the First Extension Period and, if applicable, the Second Extension Period, Memory shall perform the research activities set forth on Appendix A attached hereto and such additional in vitro and in vivo characterization as reasonably requested by Amgen and as mutually agreed upon by the Parties (collectively, the “Extension Period Research Activities”). The Extension Period Research Activities shall be deemed part of the Research Workplan. The Parties expect that Memory will use an average of [*] FTEs to perform the Extension Period Research Activities, and that the actual number of FTEs used by Memory for such performance will vary from time to time. Amgen shall have no obligations to make any research funding or other payments to Memory for the provision of any FTEs, to reimburse Memory for any FTE time, or to pay any FTE Rate with respect to any FTEs.
Sample 1
Extension of Original Term. In consideration of and subject to Lessee paying $8,317.50 in accordance with paragraph 2.2, Lessor and Lessee hereby amend paragraph 1.3 of the Lease to provide that the Original Term shall be 6 years, commencing May 1, 1997, and ending April 30, 2003. Base Rent during the additional year shall be at the same rate as during months 13-60 under the Lease. If Lessee fails to make any payments in accordance with paragraph 2.2 above, Lessee acknowledges and agrees that the Original Term of the Lease shall remain at 5 years, expiring on April 30, 2002, without any further action by Lessor.
Sample 1
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Related to Extension of Original Term

  • Original Term The weighted average original term for the Receivables is at least 65 months.

  • Extension Terms County may, at its sole option, extend the term of this Agreement beyond the Initial Term for up to ___ additional one-year terms at the same rates and under the same terms provided for herein (each such period being an “Extension Term”). County shall notify Contractor of its election for an Extension Term(s) as provided for in §6.

  • Extension Term The options to extend the Term of this Lease as described above shall not be deemed exercised by Tenant unless at least twenty-four (24) months prior to the Lease Expiration Date for the Primary Term or at least twenty-four (24) months prior to the expiration of the Extension Term for the first (1st) Extension Term, Tenant shall have delivered written notice to Landlord of Tenant's irrevocable election to so extend this Lease at the end of the Primary Term or the first (1st) Extension Term, as applicable. Tenant's failure to deliver one (1) such timely notice to Landlord shall terminate all future Extension Terms, if any, following the Extension Term to which such notice specifically relates. Subject to the provisions of paragraph 5 of this Lease, the terms and conditions of this Lease shall apply to each Extension Term with the same force and effect as if such Extension Term had originally been included in the Primary Term of the Lease. The right of Tenant to exercise its rights with respect to the Extension Terms shall be conditioned upon this Lease being in full force and effect and no Event of Default then existing as of the Lease Expiration Date (for the first (1st) Extension Term), or expiration of the first (1st) Extension Term (for the second (2nd) Extension Term). The Primary Term, together with any Extension Term with respect to which Tenant properly exercises its option, and for which the conditions related thereto are satisfied, shall constitute the "TERM" of this Lease.

  • Renewal, Extension The renewal or extension of any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Option to Extend Lease Term Landlord hereby grants to Tenant one (1) option ("Option") to extend the Lease Term with respect to the Premises on the following terms and conditions: (a) The Option shall give Tenant the right to extend the Lease Term for an additional ten (10) years (the "Extended Term"); (b) Tenant shall give Landlord written notice of its exercise of the Option no later than one hundred eighty (180)days, nor earlier than three hundred sixty (360), prior to the Termination Date; (c) Tenant may not extend the Lease Term pursuant to this Section 3.4 if Tenant is in default in the performance of any of the terms and conditions of this Lease and/or the Other Lease, which default continues after the expiration of any grace period and the giving of any notice, as provided in Article 16 below or in the Other Lease. Any notice of exercise of the Option given by Tenant while Tenant is in default shall be of no force and effect. The period of exercise of the Option shall not be extended for any period in which Tenant is unable to exercise an Option by reason of Tenant's default. If Tenant is in default on the date that the Extended Term is to commence, then Landlord may elect to terminate this Lease pursuant to Section 16.2.1, notwithstanding any notice given by Tenant of the exercise of the Option. (d) All terms and conditions of this Lease shall apply during the Extended Term, except that Base Rent for the Extended Term shall be determined in accordance with Section 5.1.2 below; (e) Once Tenant delivers notice of its exercise of the Option, Tenant may not withdraw such exercise and, subject to the provisions of this Section 3.4, such notice shall operate to extend the Lease Term. Upon the extension of the Lease Term pursuant to this Section 3.4, the term "Lease Term" as used in this Lease shall thereafter include the Extended Term and the Termination Date shall be the expiration date of the Extended Term.

  • EXTENSION OF USE The Contract may be extended to additional States or governmental jurisdictions upon mutual written agreement between New York State (the lead contracting State) and the Contractor. Political subdivisions and other authorized entities within each participating State or governmental jurisdiction may also participate in the Contract if such State normally allows participation by such entities. New York State reserves the right to negotiate additional minimum NYS Vehicle Discounts based on any increased volume generated by such extensions.

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

  • Extension of Initial Contract Period 31.1 Subject to clause 13 (Price Adjustment on Extension of the Initial Contract Period), the Authority may, by giving written notice to the Contractor not less than three (3) Month(s) prior to the last day of the Initial Contract Period, extend the Contract for such further period as may be specified in the notice. The provisions of the Contract will apply (subject to any Variation or adjustment to the Contract Price pursuant to clause 13) throughout any such extended period.

  • Base Term Commencing on the Expansion Premises Commencement Date, the defined term “Base Term” on page 1 of the Lease is deleted in its entirety and replaced with the following:

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

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