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. 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. 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. 50 (2) Fair Market Renewal Term.............................50 (3) Waiver...............................................51 (4) Conditions Precedent, Payment of Basic Rent..........51 (5)
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. 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 three 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. 59 (2) Fair Market Renewal Term................................................. 59 (3) Waiver................................................................... 59
Fixed Renewal Term. Not less than 120 days before the end ------------------ of the Basic Term and provided no Default or Event of Default shall be continuing, Lessee may deliver to Lessor a written notice irrevocably electing to renew this Lease (any such renewal term, the "Fixed Renewal Term") for a term having a duration as determined as follows. At least 270 days before the end of the Basic Term, Lessee shall, as a condition to its exercise of this option, notify Lessor of its demand for an appraisal pursuant to the appraisal procedures (which shall be performed at Lessee's expense) of Section 19(c). The appraiser(s) so appointed shall determine the total useful life, the remaining useful life and the future residual value of the Aircraft on the expiration date for the Fixed Renewal Term as may be set in accordance with the constraints set forth in the following sentence. The duration of the Fixed Renewal Term shall be a period specified by Lessee before the end of the Basic Term which is (a) not less than one year and (b) not more than the shorter of (i) two years or (ii) the longest period of time (x) which would cause the Term, after giving effect to the Fixed Renewal Term, to be equal to 80% of the total useful life of the Aircraft (from and after the Delivery Date) as determined by the appraiser(s) and (y) at the expiration of which the residual value of the Aircraft, as estimated by the appraiser(s), would be at least equal to 20% of Lessor's Cost (without taking into account inflation or deflation subsequent to the Delivery Date).
