Common use of Operations Period Clause in Contracts

Operations Period. The Operations Period will commence at 12:01 a.m. on the day after the Commercial Operation Date and will end at 11:59 p.m. on the 25th anniversary of the Commercial Operation Date. Tenant may extend the Operations Period, first for one (1) ten (10) year term, and then for one (1) additional five (5) year term. At least ninety (90) days prior to the beginning of an extension term, Tenant shall deliver in writing notice to Landlord of Tenant’s intent to exercise that extension option, and Tenant and Landlord, at Tenant’s expense, shall prepare and record any amendments to the Notice of Lease and/or any other documents necessary to evidence and give effect to the extension.

Operations Period. The Operations Period will commence at 12:01 a.m. on the day after the Commercial Operation Date and will end at 11:59 p.m. on the 25th 20th anniversary of the Commercial Operation Date. Tenant may extend the Operations Period, first for one (1) ten (10) year term, and then for one or both of two (12) additional five (5) year termterms. At least ninety (90) days prior to before the beginning of an extension term, Tenant shall deliver in writing notice to Landlord of Tenant’s 's intent to exercise that extension option, and Tenant and Landlord, at Tenant’s 's expense, shall prepare and record any amendments to the Notice Memorandum of Lease and/or any other documents necessary to evidence and give effect to record notice of the extension.

Operations Period. The Operations Period will commence at 12:01 a.m. on the day after the Commercial Operation Date and will end at 11:59 p.m. on the 25th anniversary of the Commercial Operation Date, subject to any day-for-day extension pursuant to Section 4(a)(i). Tenant may extend the Operations Period, first Period for one two (12) ten (10) year term, and then for one (1) additional five (5) year termterms. At least ninety (90) days prior to the beginning of an extension term, Tenant shall deliver in writing notice to Landlord of Tenant’s intent to exercise that extension option, and Tenant and Landlord, at Tenant’s expense, shall prepare and record any amendments to the Notice of Lease and/or any other documents necessary to evidence and give effect to the extension.