Lease Renewal Term Sample Clauses

Lease Renewal Term. Commencing as of the Amendment Effective Date, the term of the Lease shall continue for a renewal term indicated below (the “Renewal Term”). Periodic payments under each Lease during Renewal Term will be in the amount indicated below plus any applicable taxes (“Lease Payments”), payable in arrears on the 1st day of each month with the first Lease Payment being due on July 1, 2012. Such Lease Payments are for the leasing of the Equipment during the Renewal Term only and any service, maintenance and/or other supplies, consumables and/or products previously provided by any manufacturer, supplier, vendor and/or service providers to the Lessee in conjunction with the leasing of Equipment will no longer be applicable and are not included in the Lease or Lease Payments during the Renewal Term. Renewal Term: Renewal Payment Amount (Lease Payments) 60 months 60 @ $44,008.36 per month (1.5574334%)
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Lease Renewal Term. The Lease Renewal Term shall be thirty-six (36) months, commencing on January 1, 2010 and terminating on December 31, 2013.
Sample 1
Lease Renewal Term. (a) The parties hereto acknowledge and agree that Maxifit, Ltd. and Xxxx Xxxxxx (or any successor landlord, hereinafter, "Landlord") are parties to a certain Lease Agreement dated August 9, 1993 with respect to the Demised Premises occupied by Maxifit, Ltd. in the Browntown Shopping Center, Route 516 and Xxxx Road, Old Bridge, New Jersey (the "Premises") (the "Lease"). The original expiration date of the Lease is November 30, 2003 (the "Lease Expiration Date"). In addition, the Lease contains one (1) five-year renewal term commencing immediately following the expiration of the original Lease Term (the "Renewal Term"). The existing term of the Lease, as extended by the Renewal Term, shall be deemed to constitute the "Extended Term". Maxifit, Ltd. has heretofore exercised its option to extend the Lease for the Renewal Term, and that Landlord has objected in writing to Maxifit, Ltd.'s extension of the Lease for the Renewal Term.
Sample 1
Lease Renewal Term. One (1) additional three (3) year term, on terms and rent adjustment as agreed to by the Parties.
Sample 1
Lease Renewal Term. The Term of this Lease Renewal shall be for a period of two (2) years, beginning on December 1, 2026, and ending on November 30, 2028, unless terminated sooner as provided herein.
Sample 1

Related to Lease Renewal Term

  • Renewal Term If not sooner terminated, this Agreement shall renew at the end of the Initial Term and shall thereafter continue for successive annual periods, provided such continuance is specifically approved at least annually (i) by the Fund’s Board of Trustees or (ii) by a vote of a majority of the outstanding voting securities of the relevant portfolio of the Fund, provided that in either event the continuance is also approved by the majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) of any party to this Agreement by vote cast in person at a meeting called for the purpose of voting on such approval. If a plan under Rule 12b-1 of the 1940 Act is in effect, continuance of the plan and this Agreement must be approved at least annually by a majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) and have no financial interest in the operation of such plan or in any agreements related to such plan, cast in person at a meeting called for the purpose of voting on such approval.

  • Renewal Terms Immediately following the Initial Term this Agreement shall automatically renew for successive one-year periods (a “Renewal Term”).

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • Lease Term The terms and provisions of this Lease shall be effective as of the date of this Lease. The term of this Lease (the “Lease Term”) shall commence on the “Lease Commencement Date,” as that term is set forth in Section 3.2 of the Summary, and shall terminate on the “Lease Expiration Date,” as that term is set forth in Section 3.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. Tenant hereby acknowledges that the Premises are currently occupied by another tenant of the Building. If Landlord is unable for any reason to deliver possession of the Premises to Tenant on any specific date , then Landlord shall not be subject to any liability for its failure to do so, and such failure shall not affect the validity of this Lease or the obligations of Tenant hereunder. For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month period during the Lease Term. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall execute and return to Landlord within ten (10) business days of receipt thereof; provided, however, Tenant’s failure to execute and return such notice to Landlord within such time shall be conclusive upon Tenant that the information set forth in such notice is as specified therein. In addition to the foregoing, subject to any delays caused by Tenant or any Tenant Parties and events of Force Majeure, if Landlord fails to tender possession of the Premises to Tenant on or before January 2, 2015 (the “Base Rent Delivery Date”), Tenant shall be entitled to one (1) day of per diem Base Rent abatement for each day commencing on the day after the Base Rent Delivery Date and ending on the date Landlord so tenders possession of the Premises to Tenant. Any such Base Rent Abatement shall be separate from and in addition to any Rent Abatement described in Section 3.2 below.

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