Fixed Renewal Term. The term with respect to which the Lessee has exercised its option to renew the Lease pursuant to the first paragraph of Section 4.01(a) thereof and with respect to which the conditions set forth in such Section 4.01(a) are met.
Fixed Renewal Term. Lessee shall have the right to renew this Lease for a one year renewal term which shall commence only upon the expiration of the Basic Term (the "first Fixed Renewal Term"), a one year renewal term which shall commence only upon the expiration of the first Fixed Renewal Term (the "second Fixed Renewal Term"), and a one year renewal term which shall commence only upon the expiration of the second Fixed Renewal Term (the "third Fixed Renewal Term") (the first Fixed Renewal Term, the second Fixed Renewal Term and the third Fixed Renewal Term, each a "Fixed Renewal Term") by delivery to Lessor at least ninety (90) days before the end of the Basic Term, the first Fixed Renewal Term or the second Fixed Renewal Term, as the case may be, of a written notice irrevocably electing to renew this Lease for a Fixed Renewal Term. Basic Rent during any Fixed Renewal Term shall be payable in an amount and at the times specified in Section 19(a)(4).
Fixed Renewal Term. Not more than 365 days and not less than one hundred twenty (120) days, before the end of the Basic Term or any Fixed Renewal Term (as hereinafter defined), Lessee may deliver to Lessor a written notice irrevocably electing to renew this Lease for a term having a duration and at a Basic Rent as determined below (any such renewal term, a "Fixed Renewal Term"). The duration of any Fixed Renewal Term shall be a period specified by Lessee before the end of the Basic Term which is (i) not less than one year (provided any such period shall be in six (6) month increments), (ii) not more than the longest period of time which would cause the Term, after giving effect to such Fixed Renewal Term, to be equal to 75% of the total useful life of the aircraft as determined by the Delivery Date appraisal. Each semi-annual installment of Basic Rent during the Fixed Renewal Term shall be equal to the lesser of (A) the fair market rental value of the Aircraft or (B) (I) one-half of the average annual Basic Rent during the Basic Term divided by (II) two (2).
Fixed Renewal Term. The term with respect to which the Lessee has exercised its option to renew the Lease pursuant to the first paragraph of Section 4.01(a) thereof and with respect to which the conditions set forth in such Section 4.01(a) are met. French Pledge Agreement. The French Pledge Agreement dated as of October 26, 1995 between the Owner Trustee and the Indenture Trustee.
Fixed Renewal Term. The term with respect to which the Lessee has exercised its option to renew the Lease pursuant to the first paragraph of Section 4.01(a) thereof and with respect to which the conditions set forth in such Section 4.01(a) are met. FSB. First Security Bank, National Association, a national banking association.
Fixed Renewal Term. 50 (2) Fair Market Renewal Term.............................50 (3) Waiver...............................................51 (4) Conditions Precedent, Payment of Basic Rent..........51 (5)
Fixed Renewal Term. 43 (2) Fair Market Renewal Term . . . . . . . . . . . . . . 43 (3) Waiver . . . . . . . . . . . . . . . . . . . . . . . 43 (4) Conditions Precedent, Payment of Basic Rent . . . . . 44 (5)
Fixed Renewal Term. Lessee shall have the right to renew this Lease for up to _____ consecutive one year renewal terms the first of which shall commence only upon the expiration of the Basic Term (any such renewal term, a "FIXED RENEWAL TERM") by delivery to Lessor at least ninety (90) days before the end of the Basic Term, the first Fixed Renewal Term or the second Fixed Renewal Term, as the case may be, a written notice irrevocably electing to renew this Lease for a Fixed Renewal Term. Basic Rent during any Fixed Renewal Term shall be payable in an amount and at the times specified in Section 19(a)(4).
Fixed Renewal Term. Not less than 180 days before the end of the Basic Term, Lessee may, so long as no Section 14(a), (b), (d) (solely with respect to Lessee's obligations under Section 7(a) or (b)(viii) hereof or Section 8 hereof), (f) or (g) Default or any Event of Default has occurred and is continuing, deliver to Lessor a revocable written notice (which notice shall become irrevocable 120 days prior to the end
Fixed Renewal Term. Lessee shall have the right to renew this Lease for a one year renewal term which shall commence only upon the expiration of the Basic Term (the "first Fixed Renewal Term") and a one to two year (at Lessee's option) renewal term (ending on a Lease Period Date) which shall commence only upon the expiration of the first Fixed Renewal Term (the "second Fixed Renewal Term") (the first Fixed Renewal Term and the second Fixed Renewal Term, each a "Fixed Renewal Term") by delivery to Lessor at least ninety (90) days before the end of the Basic Term or the first Fixed Renewal Term, as the case may be, a written notice irrevocably electing to renew this Lease for a Fixed Renewal Term (and, in the case of the notice electing to renew for the second Fixed Renewal Term, specifying the length of such second Fixed Renewal Term); provided, however, that in each case, at the time of notice, no Default of the type referred to in Section 14(a), 14(b) or 14(e) or Event of Default shall have occurred and be continuing. Basic Rent during any Fixed Renewal Term shall be payable in an amount and at the times specified in Section 19(a)(4). -55-
