First Renewal Sample Clauses

First Renewal. On the first renewal by a New Club of a vessel that was entered with it as a New Vessel, the following provisions shall have effect unless subclause 1(d) applied to the original entry: (a) the New Club shall notify the former Holding Club (and each of them, if more than one) in writing of the first renewal premium for that vessel not later than 14 working days before the renewal date; (b) any former Holding Club may within two working days after receipt of that notification apply to the Committee to determine whether that rate is unreasonably low.

First Renewal. Contract Years 6: Minimum 20 Work Units per Grid Area in the Contract Area.

First Renewal. The Tenant shall have the right to renew this Lease for a further term of five (5) years (the “First Renewal Right”) commencing on • , 2009 and expiring on • , 2014 (the “First Renewal Period”), subject to the following terms and conditions: (i) the Tenant shall not be entitled to the First Renewal Right if, at the time of the giving of the notice of exercise thereof: (A) the Tenant has received written notice from the Landlord that it is in default under this Lease and all applicable notice and cure periods have expired; or (B) the Tenant is no longer using, occupying and operating in the Leased Premises for the purposes of the development and manufacturing of Spheral Solar and ancillary purposes or for the solar business as it is currently being conducted by the Photowatt Technologies Group; (ii) the First Renewal Right shall be exercisable by notice by the Tenant to the Landlord by no later than six (6) months prior to the expiry of the initial term of this Lease; (iii) provided the Tenant has properly exercised the First Renewal Right, this Lease shall be renewed for the First Renewal Period on the same terms and conditions as are contained in this Lease, except that the Minimum Rent during the First Renewal Period will be as stipulated in subsection (iv) and there shall be no further right to renew (other than the Second Renewal Right set out below in Section 3.3(b)); (iv) the annual Minimum Rent during the First Renewal Period shall be the Market Rent for the Leased Premises based on the Rentable Area of the Building as of the commencement date of the First Renewal Period and, based on this, shall be negotiated in good faith by the Landlord and the Tenant and, failing agreement by three (3) months before the commencement date of the First Renewal Period, shall be determined by a single arbitrator in accordance with the provisions of the attached Schedule “C” and the Arbitration Act, 1991 (Ontario); and (v) as soon as reasonably possible after the Landlord receives notice from the Tenant pursuant to Section 3.3(a)(ii), the Landlord’s architect, whose decision shall be final and binding on the Landlord and the Tenant, shall measure the Rentable Area of the Building in accordance with the provisions of Section 4.10 of this Lease, and the Landlord and the Tenant shall sign an acknowledgment as to the Rentable Area of the Building.

First Renewal. At the end of the Initial Term, unless either Party gives the other Party a Notice of non-renewal at least 60 days before the expiration of the Initial Term, this Agreement will automatically renew at the Provider’s then current fees for one (1) additional successive term equal in length to the Initial Term (the “First Renewal Term”), unless terminated earlier under any of this Agreement's express provisions.

First Renewal. Effective upon the conclusion of the Fifth Term, the term of the Agreement shall be automatically extended by two (2) calendar months ending on November 30, 2025 (the “First Renewal”).

First Renewal. The term of this Agreement shall be renewed without further action by either party for an additional term of two (2) years, commencing on *** provided, however, that Buyer may terminate this Agreement as of the end of the initial term by providing notice to Seller not later than the *** .

First Renewal. Provided that (i) both at the time of the exercise of the option hereinafter set forth and at the time of commencement of the Renewal Term (as hereinafter defined) this Lease is in full force and effect and provided further that Tenant is not then in default hereunder beyond the expiration of any applicable notice and cure period provided for in this Lease and (ii) Tenant has not then sublet, on a cumulative basis, 25% or more of the 4000 Premises. Tenant is hereby granted the option to renew the Term for one (1) additional period of sixty (60) months (the "Renewal Term"), such Renewal Term to commence at the expiration of the initial Lease Term. Tenant shall exercise its option for the Renewal Term by delivering notice of such election (the "Renewal Notice") to Landlord not less than two hundred seventy (270) days prior to the expiration of the initial Lease Term. In the event that Landlord does not receive the Renewal Notice prior to the expiration of such time period (time being of the essence with respect thereto), then such option to renew the Lease Term and the Option to renew under Section 50.1.2 shall, upon the expiration of such time period, become null and void and be of no further force or effect and Tenant shall, at the request of Landlord, execute an instrument in form and substance acceptable to Landlord confirming such facts, but the failure to do so shall not effect such renewal right being null and void.

First Renewal. The option to renew the Lease Agreement for a single, one-year term is hereby exercised. The term for this first renewal shall be for one (1) year, commencing on May 21, 2019 and expiring, unless sooner terminated pursuant to the terms of the Lease Agreement, on May 20, 2020, and upon the same terms and conditions as the Lease, except as otherwise set forth herein.

First Renewal. If the Director of Civil Rights and Equal Opportunity Department (“CREO”) approves Contractor’s Contract Utilization Plan/Request for Waiver, the City shall have the unilateral right to renew the Agreement for the period of May 1, 2025 – April 30, 2026. If the Director of CREO does not approve Contractor’s Contract Utilization Plan/Request for Waiver, the City shall not renew the Agreement.