New Term Sample Clauses
New Term. The term of this Agreement shall automatically be set for a two year period, regardless of the time remaining under the then existing Term, upon and from the occurrence of any of the following “Trigger Events:”
(a) a merger or acquisition in which the Company is not the surviving entity (defined as a corporation in which the Company’s stockholders do not hold a controlling interest), except for a transaction the principal purpose of which is to change the state in which the Company is incorporated;
(b) the sale, transfer, or other disposition of all or substantially all of the assets of the Company (“substantially all” means for this section a sale of assets the value of which exceeds 50% of the total book value of all of the assets of the Company);
(c) any reverse merger in which the Company is the surviving entity but in which 50% or more of the Company’s outstanding voting stock is transferred to holders different from those holding such stock immediately prior to such merger; or
(d) a firm commitment underwritten public offering pursuant to an effective registration statement filed under the Securities Act of 1933, as amended, covering the offer and sale of the Company’s common stock resulting in more than a 30% increase in the number of shares to be issued and outstanding.
New Term. As of March 15, 2024 (the “New Term Commencement Date”), the Term of the Lease shall be amended to commence upon the New Term Commencement Date and end on March 31, 2029 (such revised term shall herein be referred to as the “New Term”), upon the same terms, covenants as set forth in the Lease, except as expressly set forth in this Amendment. Landlord and Txxxxx acknowledge and agree that all of the terms, conditions, obligations, and rights of each party as set forth in the Lease shall continue in full force and effect from the Effective Date through the New Term Commencement Date.
New Term. If the Licensee does not comply with the provisions of sections 4(c) or 4(e) of this Schedule B, and the Licensee requires the Services after 90 days from the Expiration Date, the Licensee will request a Quote in accordance with section 3(a) of this Schedule B.
New Term. Landlord and Tenant agree that the Term of the Lease is hereby amended such that the Term shall now expire on January 31, 2017 (the “New Term Expiration Date”). The period commencing on September 1, 2011 (the “New Term Commencement Date”) and ending on the New Term Expiration Date, consisting of sixty-five (65) months, shall hereafter be referred to as the “New Term.” No such extension shall operate to release Tenant from liability for any amounts owed or defaults which exist under the Lease as amended hereby (the “Amended Lease”) prior to the New Term Commencement Date.
New Term. The Lease Termination Date ‘shall be extended such that the Lease shall terminate on the date immediately preceding the thirty-sixth (36th) month anniversary of the Reduction Commencement Date (“New Termination Date”); provided, however, that if the Reduction Commencement Date falls on a date other than the first (1st) day of a month, the New Termination Date shall be the last day of the month which is thirty-six (36) months after the month in which the Reduction Commencement Date occurs, unless extended pursuant to this Second Amendment. The period from the Reduction Commencement Date through the New Termination Date specified above, shall be referred to herein as the “New Term.” Tenant shall, at Landlord’s request, execute and deliver a memorandum agreement provided by Landlord in the form of Exhibit “B” attached hereto, setting forth the actual Reduction Commencement Date, New Termination Date and, if necessary, a revised rent schedule. Should Tenant fail to do so within five (5) business days after Landlord’s request, the information set forth in such memorandum provided by Landlord shall be conclusively presumed to be agreed to by Tenant and correct.
New Term. The Term of Tenant's lease of the Suite 400 New Premises shall commence on the Suite 400 New Premises Commencement Date and shall continue for sixty-six (66) months, terminating, subject to Sections 8 and 10 below, on the last day of the month in which the sixty-sixth (66th) month anniversary of the Suite 400 New Premises Commencement Date occurs ("New Termination Date"). The period of time from the Suite 400 New Premises Commencement Date and continuing until the New Termination Date shall be referred to herein as the "New Term". The Term of Tenant's lease of the Suite 300 New Premises shall commence on the Suite 300 New Premises Commencement Date and shall expire on the New Termination Date (subject to Sections 8 and 10 below). Within ten (10) days after Landlord's written request, Tenant shall execute a written confirmation of the Suite 400 New Premises Commencement Date, the Suite 300 New Premises Commencement Date and New Expiration Date of the New Term in substantially the form of the Notice of Lease Term Dates attached to the Original Lease.
New Term. If the Licensee does not comply with the provisions of Sections 4.3 or 4.5, and the Licensee requires the Services after the expiry of the period referred to in Section 4.5, the Licensee will request a Quote in accordance with Section 3.1.
New Term. The term (“New Term”) of Tenant’s lease of the Existing Premises shall be deemed restated to begin as of November 1, 2010 and shall expire, unless sooner terminated or extended as provided in the Lease (as modified by this First Amendment), on October 31, 2017 (“New Expiration Date”). The term of Tenant’s lease of the 6th Floor Expansion Space shall commence on the 6th Floor Expansion Commencement Date (as defined above) and shall expire on the New Expiration Date.
New Term. The Term of the Lease as to the New Premises (“New Term”) shall commence retroactively on February 1, 2023 (the “New Term Commencement Date”), continue for ninety-six (96) months, and shall expire on January 31, 2031, notwithstanding that Landlord may not have delivered possession of the New Premises by the New Term Commencement Date. In no event shall the New Term operate to release Tenant from liability for any amounts owed or defaults that exist under the Amended Lease for the Original Premises prior to the New Term Commencement Date. Landlord shall not be obligated to deliver the New Premises until Landlord has received from Tenant copies of Tenant’s insurance certificates as required under the Lease with respect to the New Premises; provided, however, if Landlord’s delivery of the New Premises is delayed as a result of Tenant’s failure to provide said insurance certificates, the New Term Commencement Date shall remain unchanged to extent delayed by such failure.
New Term. Section 7.1 of the K-Cup Sales Agreement is hereby amended and restated in its entirety to read as follows: