Extension of the Term of the Lease Sample Clauses

Extension of the Term of the Lease. The term of the Lease is hereby extended for a period of sixty-three months (63) commencing on May 1, 2016 (the “Commencement Date”) and expiring on July 31, 2021 (the “Extension Term”). All of the terms and provisions of the Lease shall continue to apply with respect to the Extension Term, except as specifically modified herein. Except as provided in Section 7 of this Amendment entitled “Renewal Option”, Tenant acknowledges that Tenant has no further right or option to extend the term of the Lease.
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Extension of the Term of the Lease. Pursuant to the Lease, the Term of the Lease is scheduled to expire on August 31, 2012. Landlord and Tenant hereby agree to extend the Term of the Lease for a period of one hundred two (102) months, from September 1, 2012 through February 28, 2021 (the “Extended Expiration Date”), unless sooner terminated as provided in the Lease, as hereby amended.
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Extension of the Term of the Lease. Landlord and Tenant hereby agree to extend the Term of the Lease (stipulated to expire on February 28, 2017) for an additional period of seventeen (17) months, commencing on March 1, 2017 (the “Third Extension Commencement Date”) and continuing through and expiring on July 31, 2018 (such 718200423.3 period, the “Third Extension Term”), upon and subject to all of the existing terms of the Lease, except as otherwise hereinafter provided.
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Extension of the Term of the Lease. A. If the Tenant shall hold over, after expiration of the term hereby created, with the consent of the Landlord, it shall be deemed a renewal of this Lease, and of all the conditions and agreements therein contained for the term of one
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Extension of the Term of the Lease. Upon the satisfaction of the conditions set forth in Section 2 below as of the date of execution and delivery hereof and as of the Expiration Date (unless waived by Landlord), the Term of the Lease shall be extended 36 months from the Expiration Date to and including September 30, 2003. Each party shall continue to be fully obligated to pay and perform under the Lease as if the original expiration date thereunder was September 30, 2003, on the same terms and conditions as provided in the Lease subject to the modifications thereof set forth in Section 3 below. Such extension shall constitute a Renewal Term, as such term has been modified by Section 3 below. In accordance with such Section 5 of the Original Lease, this Extension shall constitute a supplement to the Original Lease, incorporating the terms of Section 3 of this Extension into the Original Lease.
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Extension of the Term of the Lease. Upon the satisfaction of the conditions set forth in Section 2 below as of the date of execution and delivery hereof and as of January 1, 2003 (unless waived by Landlord), the Term of the Original Lease shall be extended 51 months and such extension shall commence on January 1, 2003 and expire on December 31, 2007. Each party shall continue to be fully obligated to pay and perform under the Original Lease as if the original expiration date thereunder was December 31, 2007, on the same terms and conditions as provided in the Original Lease, subject to the modifications thereof set forth in Section 3 below. Such extension shall constitute the Second Renewal Term, as defined below. This Extension shall constitute a supplement to the Lease, incorporating the terms of Section 3 of this Extension into the Lease.
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Extension of the Term of the Lease. Beginning March 16, 2007 (the “2007 Renewal Term Commencement Date”) the term of the Lease is hereby extended until, and the Lease is hereby renewed through March 31, 2012 (such date of expiration is herein referred to as the “2007 Renewal Term Expiration Date”). As used in the Lease and all exhibits attached thereto, the phrase “the term of this Lease” and the term “Lease Term” shall mean the period beginning December 16, 1991 and ending on the 2007 Renewal Term Expiration Date unless sooner terminated in accordance with the Lease or this Amendment.
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Extension of the Term of the Lease. Landlord and Tenant hereby agree to extend the Term of the Lease (stipulated to expire on July 31, 2018) for an additional period of sixty (60) months the “Fourth Extension Term”), commencing on August 1, 2018 (the “Fourth Extension Commencement Date”) and continuing through and expiring on July 31, 2023 (the “Fourth Extension Termination Date”), upon and subject to all of the existing terms of the Lease, except as otherwise hereinafter provided.
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Related to Extension of the Term of the Lease

  • Extension of the Term The Term may be extended at the option of NAI for up to two successive periods of five years each; provided, however, that prior to each such extension the following conditions must have been satisfied: (A) NAI must have delivered a notice of its election to exercise the option at least one hundred eighty days prior to the end of the Term, and prior to the commencement of any such extension BNPPLC and NAI must have agreed in writing upon, and received the written consent and approval of BNPPLC’s Parent and all Participants (other than Participants being replaced at the request of NAI as provided in Paragraph 6) to, (1) a corresponding extension of the date specified in clause (1) of the definition of Designated Sale Date in the Common Definitions and Provisions Agreement and of the term of the Ground Lease, and (2) an adjustment to the Rent that NAI will be required to pay during the extension, it being expected that the Rent for the extension may be different than the Rent required for the original Term or any prior extension, and it being understood that the Rent for any extension must in all events be satisfactory to both BNPPLC and NAI, each in its sole and absolute discretion; (B) at the time of NAI’s exercise of its option to extend, no Event of Default has occurred and is continuing, and no Event of Default will result from the extension; (C) immediately prior to any such extension, this Lease must then remain in effect; and (D) if this Lease has been assigned by NAI, then NAI must have executed a guaranty (or confirmed an existing guaranty, if applicable), guaranteeing NAI’s assignee’s obligations under the Operative Documents throughout such extended Term. With respect to the condition that BNPPLC and NAI must have agreed upon the Rent required for any extension of the Term, neither NAI nor BNPPLC is willing to submit itself to a risk of liability or loss of rights hereunder for being judged unreasonable. Similarly, neither BNPPLC’s Parent nor any Participant is expected to submit itself to a risk of liability or loss of rights for being judged to have unreasonably withheld consent or approval to any extension of the Term. Accordingly, NAI, BNPPLC, BNPPLC’s Parent and Participants will each have sole and absolute discretion in making its determination, and both NAI and BNPPLC hereby disclaim any obligation express or implied to be reasonable in negotiating the Rent for any such extension. Subject to the changes to the Rent and satisfaction of the other conditions listed in this subparagraph, if NAI exercises its option to extend the Term as provided in this subparagraph, this Lease will continue in full force and effect, and the leasehold estate hereby granted to NAI will continue without interruption and without any loss of priority over other interests in or claims against the Property that may be created or arise after the Effective Date and before the extension.

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

  • Termination of the Lease In terminating the Lease, the following procedures shall be followed by the Authority and Tenant:

  • Extension Term Provided Lessee is not in default in the performance of any term or condition of this Lease, Lessee shall have the option to extend this Lease for two (2) additional terms of five (5) years per term, commencing with the expiration of the first or additional term, upon the following conditions:

  • Extension of Lease Term The Term of the Lease is hereby extended, pursuant to all of the terms and conditions of the Lease as amended, for an additional period of forty-two (42) months, ending on August 31, 2022 (the “First Extended Term”).

  • Term of the Loan All principal, interest and other sums due under the Loan Documents shall be due and payable in full on the Maturity Date.

  • Extension of Term Provided Exporter's goods and services are in demand and Exporter is processing sales generating Transaction Fees, as set forth in Section 6, within fifteen (15) years from the Effective Date, Exporter shall have an option to (a) continue with its membership under Section 2 at no additional fee, or (b) option of developing single point of sales, distribution, networking, and logistics facilities separate and distinct from AmericaTowne for a mutually agreeable reduced rate, which shall be agreed upon in writing prior to thirty (30) days from the termination of fifteen (15) years from the Effective Date. The Exporter has the option of choosing option (b) above at its discretion.

  • Expiration of the Term This Agreement shall terminate automatically at the expiration of the Period of Employment unless the parties enter into a written agreement extending Employee's employment, except for the continuing obligations of the parties as specified hereunder.

  • Extension of the Termination Date (a) During the period from July 1, 2022 until the date that is 30 days prior to the then-applicable Termination Date, the Borrower may request by written notice (an “Extension Request”) made to the Administrative Agent (which shall promptly notify the Lenders thereof) one-year extensions of the Termination Date applicable to each Lender. Each Lender shall notify the Administrative Agent by the date that is 30 days after the Administrative Agent provides the Lenders with written notice of the Borrower’s extension request that either (A) such Lender declines to consent to extending the Termination Date or (B) such Lender consents to extending the Termination Date. Any Lender not responding within the above time period shall be deemed to have declined to extend the Termination Date. The consent of a Lender to any such extension shall be in the sole discretion of such Lender. The Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. For the avoidance of doubt and subject to the terms and conditions set forth herein, the Borrower may request an unlimited number of extensions pursuant to this Section.

  • 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.

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