Period of the Term Sample Clauses

Period of the Term. This Agreement shall continue for an initial term of ten (10) years commencing on the date the Facility is opened for occupancy, and ending on the last day of the calendar month in which the tenth (10th) anniversary of such opening date occurs (the "Original Expiration Date"). The Owner and Manager agree to execute a certificate setting forth the date on which the initial term commences promptly after such opening. Thereafter, this Agreement shall be renewed automatically for four (4) additional five (5) year terms unless the Manager sends the Owner written notice no less than ninety (90) days prior to the then applicable Expiration Date that it does not wish to have the Agreement renew beyond the then applicable Expiration Date. As used herein the term "Expiration Date" shall mean the later of the Original Expiration Date, or the date to which this Agreement has been extended as provided in this Section 7.1.
Sample 1
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Period of the Term. This Agreement shall continue for an initial term of twenty (20) years commencing on July 1, 1996 (the "Commencement Date"), and ending on June 30, 2016. Thereafter, this Agreement shall be renewed automatically for three (3) additional five (5) year terms unless the Owner sends the Manager written notice no less than ninety (90) days prior to the then applicable Expiration Date that it does not wish to have the Agreement renew beyond the then applicable Expiration Date. As used herein the term "Expiration Date" shall mean the later of June 30, 2001, or the date to which this Agreement has been extended as provided in this Section 7.1.
Sample 1
Period of the Term. This Agreement shall continue for an initial term often (10) years commencing on the date the Facility is opened for occupancy, and ending on the last day of the calendar month in which the tenth (10th) anniversary of such opening date occurs(the "Original Expiration Date"). Thereafter, this Agreement shall be renewed automatically for two (2) additional five (5) year terms unless the Manager sends the Owner written notice no less than ninety (90) days prior to the then applicable Expiration Date that it does not wish to have the Agreement renew beyond the then applicable Expiration Date. As used herein the term "Expiration Date" shall mean the later of the Original Expiration Date, or the date to which this Agreement has been extended as provided in this Section 7.1.
Sample 1
Period of the Term. This Agreement shall continue in force for a period of fifteen years (15) commencing on March 16, 1998 (the "Commencement Date") and terminating on March 15, 2013 unless earlier terminated pursuant to Paragraph 7.
Sample 1
Period of the Term. This Agreement shall continue for an initial term of ten (10) years commencing on ____________ (the "Commencement Date"), and ending on ______________. Thereafter, this Agreement shall be renewed automatically for three (3) additional five (5) year terms unless the Owner sends the Manager written notice no less than ninety (90) days prior to the then applicable Expiration Date that it does not wish to have the Agreement renew beyond the then applicable Expiration Date. As used herein the term "Expiration Date" shall mean the later of ___________, or the date to which this Agreement has been extended as provided in this Section 7.1.
Sample 1

Related to Period of the Term

  • Term of the Plan The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of Directors; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board of Directors, or (ii) the date the Plan is approved the stockholders of the Company.

  • Period of the Agreement This Agreement becomes effective when signed by the last party whose signing makes the Agreement fully executed. This Agreement shall remain in effect until the Project is completed or unless terminated as provided below.

  • Period of Option Unless the Option is previously terminated pursuant to this Agreement, the term of the Option and this Agreement shall commence on the Date of Grant and shall terminate upon the tenth anniversary of the Date of Grant. Upon termination of the Option, all rights of the Optionee (including, without limitation, his or her guardian or legal representative) hereunder shall cease.

  • Vacation Periods Vacation schedules will be set by the employee’s immediate supervisor(s) and sent to the Office of Human Resources for approval. Employees may request a particular period for vacation. Vacation days may not be taken in advance of their accrual. Those employees who are on a 12-month teacher contract are paid during Spring Break and Winter Recess, however, are not expected to be in attendance or perform duties during those breaks.

  • End of Term Upon the expiration or other termination of this Lease, Tenant shall quit and surrender to Landlord the Premises, vacant, broom clean, in good order and condition, ordinary wear and tear and damage for which Tenant is not responsible under the terms of this Lease excepted, and otherwise in compliance with the provisions of Article 3 hereof. If the last day of the Term or any renewal thereof falls on Saturday or Sunday, this Lease shall expire on the Business Day immediately preceding. Tenant expressly waives, for itself and for any person claiming through or under Tenant, any rights which Tenant or any such person may have under the provisions of Section 2201 of the New York Civil Practice Law and Rules and of any successor law of like import then in force in connection with any holdover summary proceedings which Landlord may institute to enforce the foregoing provisions of this Article 20. Tenant acknowledges that possession of the Premises must be surrendered to Landlord on the Expiration Date. The parties recognize and agree that the damage to Landlord resulting from any failure by Tenant to timely surrender possession of the Premises as aforesaid will be extremely substantial, will exceed the amount of the monthly installments of the Fixed Rent and Rental theretofore payable hereunder, and will be impossible to accurately measure. Tenant therefore agrees that if possession of the Premises is not surrendered to Landlord within twenty-four (24) hours after the Expiration Date, in addition to any other rights or remedies Landlord may have hereunder or at law, and without in any manner limiting Landlord's right to demonstrate and collect any damages suffered by Landlord and arising from Tenant's failure to surrender the Premises as provided herein, Tenant shall pay to Landlord on account of use and occupancy of the Premises for each month and for each portion of any month during which Tenant holds over in the Premises after the Expiration Date, a sum equal to the greater of (i) two (2) times the aggregate of that portion of the Fixed Rent, Escalation Rent and Rental which was payable under this Lease during the last month of the Term, and (ii) the then fair market rental value for the Premises. Nothing herein contained shall be deemed to permit Tenant to retain possession of the Premises after the Expiration Date or to limit in any manner Landlord's right to regain possession of the Premises through summary proceedings, or otherwise, and no acceptance by Landlord of payments from Tenant after the Expiration Date shall be deemed to be other than on account of the amount to be paid by Tenant in accordance with the provisions of this Article 20. The provisions of this Article 20 shall survive the Expiration Date.

  • Effective Period of this Agreement This Agreement shall take effect upon its execution and shall remain in full force and effect for a period of two (2) years from the date of its execution (unless terminated automatically as set forth in Section 10), and from year to year thereafter, subject to annual approval (i) by Underwriter, (ii) by the Board of Trustees of the Trust or a vote of a majority of the outstanding Shares, and (iii) by a majority of the Trustees of the Trust who are not interested persons of the Trust or of Underwriter by vote cast in person at a meeting called for the purpose of voting on such approval.

  • Meal Period Employees shall receive a meal period which shall commence no less than two (2) hours nor more than five (5) hours from the beginning of the employee's regular shift or when the employee is called in to work on their regular day off. The meal period shall be no less than one-half (½) hour nor more than one (1) hour in duration and shall be without compensation. Should an employee be required to work in excess of five (5) continuous hours from the commencement of their regular shift without being provided a meal period, the employee shall be compensated two (2) times the employee's straight-time hourly rate of pay for the time worked during their normal meal period and be afforded a meal period at the first available opportunity during working hours without compensation.

  • Period of Leave An employee shall be granted extended military leave for the initial period of enlistment, service, or tour of duty for a period not to exceed five (5) years. In addition, leave shall be granted for a period up to six (6) months from the date of release from duty if the employee requests such extension.

  • Project Period The Project Period ("Project Period") is the time during which the Applicant will be conducting the Project. Unless this Investment Agreement is terminated earlier under Article 7 Termination, the Project Period commences on the Project Start Date and ends on the Project Completion Date.

  • Vacation Period ‌ The choice of vacation periods shall be granted to employees on the basis of seniority with the Employer except where the period requested would be detrimental to the operation of the Employer.

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