PRINCIPAL TERM Sample Clauses

PRINCIPAL TERM. The term of this Lease shall be 99 years, commencing on the day of , 20 , and terminating on the day of , 20 , unless terminated sooner or extended as provided below.
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PRINCIPAL TERM. It is a principal and fundamental term of the Agreement that: (a) In order to achieve the maximum benefit from the goodwill and reputation of THE DRIVING SCHOOL and thereby improve the profitability of the INSTRUCTOR’s Business the INSTRUCTOR must comply with the standards and conditions set out herein; and (b) THE DRIVING SCHOOL as the operator of the operation must retain the right to take such steps as it may consider necessary from time to time to protect and enhance not only THE DRIVING SCHOOL’s Business but also the businesses of THE DRIVING SCHOOL’s driver trainers whilst under the obligations of this agreement.
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PRINCIPAL TERM. To extend the term of the Framework Agreement so that it shall end on 31
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PRINCIPAL TERM. The term of this Lease shall be ninety nine (99) years, commencing on the 18th day of July, 2022, and terminating on the 18th day of July, 2121 (the “Principal Term”), unless terminated sooner or extended pursuant to the provisions of this Lease.‌
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PRINCIPAL TERM. The term of this lease shall be ninety-nine (99) years, commencing on the day of
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PRINCIPAL TERM. Tenant shall have the right, at Tenant's sole option, to cause the principal term ("Principal Term") of this Lease to commence by Tenant (as Optionee under the terms of that certain Option Agreement dated July 31, 1996 between Landlord and Tenant, said Option Agreement being hereinafter called the "Option Agreement") giving written notice (the "Principal Term Commencement Notice") to Landlord (as Optionor) that Tenant has exercised the Option to amend the Lease Agreement pursuant to the terms of the Option Agreement. If Tenant gives a Principal Term Commencement Notice to Landlord, the Principal Term shall commence on the "Principal Term Commencement Date" which shall be thirty (30) days after the date on which Tenant has given to Landlord the Principal Term Commencement Notice; provided that such Principal Term Commencement Date shall occur on the first day of the next following month after thirty (30) days have elapsed from the giving of the Principal Term Commencement Notice. For example, if Tenant delivers the Principal Term Commencement Notice on February 15, 1998, then the Principal Term Commencement Date shall occur on April 1, 1998. The Principal Term shall end on the date which is ten (10) years from the Principal Term Commencement Date.
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PRINCIPAL TERM. The Principal Term of this Lease shall commence on the Rent Commencement Date and shall be for a term of fifteen (15) years.
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PRINCIPAL TERM. It is a principal and fundamental term of the Support Agreement that: (a) In order to achieve the maximum benefit from the goodwill and reputation of THE SUPPORT PROVIDER and thereby improve the profitability of the PDI’s Business, the PDI must comply with the standards and conditions set out herein; and (b) THE SUPPORT PROVIDER as the operator of this Support Agreement must retain the right to take such steps as it may consider necessary from time to time to protect and enhance not only THE SUPPORT PROVIDER’S Business but also the businesses of THE SUPPORT PROVIDER ‘s other driver trainers.
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Related to PRINCIPAL TERM

  • Principal Terms Capitalized terms, first appearing in quotations in this Section, elsewhere in the Lease or any Exhibits, are definitions of such terms as used in the Lease and Exhibits and shall have the defined meaning whenever used.

  • Original Term The weighted average original term for the Receivables is at least 65 months.

  • 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.

  • 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.

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

  • Funding Period The Funding Period, if any, shall not have terminated.

  • CONTRACT RENEWAL PERIOD FURNITURE ADDITIONS/DELETIONS: Contractors wishing to make furniture additions/changes to their contract during the contract period should be aware of the following additions/changes will be allowed only once during a contract period. No changes to discount percentages are allowed during this contract period. Additions/changes must be submitted during the contract renewal period. When requesting additions and/or changes; contractor shall submit a request either by letter or via email which shall include a list of all items being proposed for addition and/or change. Contractor shall submit all required documents supporting any new items. Product literature for all new items shall also be submitted with the request. Contractor is responsible for submitting a complete name, address, email address, phone and fax numbers when a new dealer is added.

  • Renewal Contract Term Upon mutual written agreement, the Parties may renew this Contract, in whole or in part, for a Renewal Term not to exceed the Initial Contract Term, pursuant to the incorporated Special Contract Conditions.

  • RENTAL TERM The initial term of this Lease shall be for the period defined as the Rental Term in Section 1.01(K), plus the partial calendar month, if any, occurring after the Rental Commencement Date (as hereinafter defined) if the Rental Commencement Date occurs other than on the first day of a calendar month. "Lease Year" shall include twelve (12) calendar months, except that first Lease Year will also include any partial calendar month beginning on the Rental Commencement Date.

  • Initial Period The Initial Period will begin on the date set forth above and will terminate on the earlier of (i) the Commercial Operation Date, or (ii) the Date the Agreement is terminated pursuant to the provisions of Clause 19.

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