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:
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PRINCIPAL TERM. The term of this lease shall be ninety-nine (99) years, commencing on the day of , 2013 , and terminating on the day of , 2112 , unless terminated sooner or extended as provided herein.
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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. It is a principal and fundamental term of the Support Agreement that:
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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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Related to PRINCIPAL 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.

  • 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.

  • Optional Termination The termination of the Trust Fund created hereunder as a result of the purchase of all of the Mortgage Loans and any REO Property pursuant to the last sentence of Section 10.01 hereof.

  • Payment Term 6.1 With the acceptance of the offer by receiving the Confirmation Email the Lender must pay in the entire loan amount to the Escrow-Account within seven days as laid out in described in the Confirmation Email. The transfer can be made using all the payment methods offered by the platform, including: bank transfer, SEPA direct debit, credit card (up to a maximum of EUR 1,500), SOFORT and use of funds already available on the Investor Wallet.

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