Procedure for Renewal. If Tenant wishes to renew the Lease beyond the Initial Lease Term, Tenant must provide written notice of such intent to Landlord at least one hundred and twenty (120) days prior to the expiration of the Initial Term. If Landlord, in its sole discretion, determines that Xxxxxx has complied with all terms and conditions of the Lease, at least sixty (60) days prior to expiration of the Lease, Landlord shall provide written notice to Tenant of any additional improvements that will be required to be completed by Tenant or increase in rent for a single five-year renewal term and shall provide notice of its determination to grant renewal of the lease upon condition that Tenant agrees to the additional improvements and increase in rent, if any, at least thirty (30) days prior to the expiration of the Initial Term.
Procedure for Renewal. 乙方须在本合同租期或任何续约期届满至少六个月前以书面方式知会是否甲方续约。甲方须在本合同书的租期或任何续约期届满前至少四个月，以书面知会乙方行使续约选择权。如甲方未向乙方发出续约的书面知会，乙方须于本合同书项下期限届满前三个月内向甲方发出第二次续约知会，甲方须于收到该知会后的五(5)工作日内，书面知会乙方其续约的意向。如甲方未就乙方第二次知会发出任何书面知会，本合同书在租期或当时的续约期期限届满时自动终止。 Party B should notify Party A six months at least in advance upon the expiry of the lease or renewal period in writing about its intention whether or not to renew the contract. Party A should notify Party B four months at least in advance upon the expiry of the lease or renewal period in writing about exercising its right to extend the contract. If Party A has not confirmed the renewal in writing, Party B should issue another notification the second time three months before the expiry of the lease term, Party A should notify Party B in writing within (five) working days after receipt of the second notification about its intention to extend the contract. If Party A is unable to issue any notification to Party B in writing on response to Party B’s second notification, this contract shall automatically come to a cessation upon expiry of the lease term or the then renewal period. [English Translation of Attached Chinese Document] 第四条 租赁费用及支付方式
Procedure for Renewal. If Tenant wishes to renew the Lease beyond the Initial Lease Term, Tenant must provide written notice of such intent to Landlord at least ninety (90) days prior to the expiration of the Lease. If Landlord, at its sole discretion, determines that Xxxxxx has complied with all terms and conditions of the Lease, Tenant will be granted the five- year renewal term. Landlord shall provide written notice of its determination at least thirty (30) days prior to the expiration of the Lease. If, after Xxxxxxxx's initial determination that Xxxxxx has complied with the terms and conditions of the Lease but prior to its actual expiration, Landlord determines, at its sole discretion, that Xxxxxx has failed to comply with any term or condition of the Lease, Landlord may revoke the granting of the additional term and seek applicable remedies under the Lease, including, but not limited to Paragraph 18.
Procedure for Renewal. Upon receipt of such Qualifying Alternative Bids to provide the Services to the Company and the Requisite Facilities during the ensuing five years, if such Qualifying Alternative Bid or Bids are equal to or greater than the Proposed Prices offered by the Provider, this Agreement, the Existing Provider Agreements and the New Provider Agreements shall thereupon be renewed with Provider for a five year term, commencing on the Scheduled Termination Date, on the terms and conditions set forth herein and therein, except that the prices for the Services shall be the Proposed Prices during such renewal term. If such Qualifying Alternative Bid or Bids are less than the Proposed Prices with respect to the provision of the Services, Company shall provide such Qualifying Alternative Bids to Provider, not less than 45 days prior to the Scheduled Termination Date. Provider shall thereupon have the opportunity to revise its offer to provide the Services and adjust its Proposed Prices in all Company LTC Facilities and New Facilities then being served by Provider for the ensuing five year period to an amount (the "Average Alternative Prices") equal to (i) the average of the three lowest Qualifying Alternative Bids received by the Company with respect to such Requisite Facilities, or (ii) if there are less than three national pharmacy providers at the time which submit Qualifying Alternative Bids, the average of the two Qualifying Alternative Bids received by the Company with respect to such Requisite Facilities, or (iii) if there are less than two national pharmacy providers at the time which submit Qualifying Alternative Bids, the Qualifying Alternative Bid received by the Company with respect to the Requisite Facilities.
Procedure for Renewal. If Tenant wishes to renew the Lease beyond the Initial Lease Term, Tenant must provide written notice of such intent to Landlord at least one hundred and twenty (120) days prior to the expiration of the Lease. If Landlord, at its sole discretion, determines that Xxxxxx has complied with all terms and conditions of the Lease, At least sixty
Procedure for Renewal. If Tenant wishes to renew the Lease beyond the Initial Lease Term, Tenant must provide written notice of such intent to Landlord at least one hundred and twenty (120) days prior to the expiration of the Initial Term. Landlord may extend to Tenant a five-year option to renew this Lease if Landlord, in its sole discretion, determines that throughout the Initial Term (a) Tenant has complied with all terms and conditions of the Lease, (b) the space has been well-used and well-attended, as documented by Xxxxxx and approved by Landlord, with a diversity of local theater productions and other events, and (c) the Premises have been well- maintained, as documented by Tenant and approved by the Landlord. Any such option shall be subject to the following conditions:
