Renewal or Extension Terms Sample Clauses

Renewal or Extension Terms. Provided the Lease is in full force and effect and Tenant is not in default under any of the other terms and conditions of the Lease at the time of notification or commencement, Tenant shall have _____ (number) option(s) to extend the Lease (each, an “Extension Option” and, if more than one, collectively, the “Extension Options”). The Extension Option (or each Extension Option, if more than one) shall be for a term of_____ (number) years (each, an “Extension Term”), for the portion of the Premises being leased by Tenant as of the date the applicable Extension Term is to commence, on the same terms and conditions set forth in the Lease, except as modified by the terms, covenants and conditions as set forth below: Monthly rental rate for Extension Term: [NOTE: The rental rate for each year of the Extension Term MUST be specified in this agreement – otherwise, the Tenant’s Extension Option is not legally enforceable. The rental rate cannot be described vaguely – e.g., “TBD,” “to be determined,” “to be negotiated by the parties.” If the rental rate is set at “fair market value,” the lease must include a description of how “fair market value” will be determined when Tenant exercises the Extension Option.] Year 1: ____________ Year 2: ____________ Year 3: ____________ Year 4: ____________ Year 5:____________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ If rent for any of the above years in an Extension Term is set at “FMV” or “Fair Market Value,” the monthly fair market value rental rate shall be determined by a real estate broker (“Broker”) who is acceptable to both Landlord and Tenant. The monthly fair market value rental rate shall be the monthly rental rate, at the time Tenant exercises the (or an) Extension Option, for commercial premises in the same city / town / neighborhood (circle one) that are of a similar size and condition to the leased Premises and that are put to the same or a similar use as Tenant’s use. Broker shall not estimate the monthly fair market value rental rate as the rate that Landlord could obtain for a use of the Premises that is different than Tenant’s use at the time Tenant exercises the Extension Option. Any disputes about the determination of fair market monthly rental rate as described above shall be submitted to mediation, and if mediation is unsuccessful, to binding arbitration. Required notice by Tenant: If Tenant elects to exercise an Exte...
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Renewal or Extension Terms. After two years from date of execution, the agreement may be extended for two, one-year optional renewal period, section 4.1 15.
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Renewal or Extension Terms. NONE 15.
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Renewal or Extension Terms. Four (4) one-year options to renew, subject to continued receipt of CSBG funding. 15.
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Renewal or Extension Terms. 15. Termination and Cancellation Provisions FOR CAUSE: 10 DAYS WRITTEN NOTICE FROM EITHER PARTY FOR CONVENIENCE: 30 DAYS WRITTEN NOTICE FROM EITHER PARTY 16. Deliverables, milestones or scope of this action: Monthly provision of substance abuse services to program eligible residents of Broward County. 17. List terms, considerations or deviations from standard county form. Agreement prepared by Broward Sheriff’s Office
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Renewal or Extension Terms. According to Provisions as Set Forth in Article 4 Term and Time of Performance Section 4.2 15.
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Renewal or Extension Terms. NONE SPECIFIED 15. Termination and Cancellation Provisions For Cause: IN THE EVENT FUNDING FOR THIS CONTRACT BECOMES UNAVAILABLE, THE DEPARTMENT MAY TERMINATE THE CONTRACT UPON NO LESS THAN FIFTEEN (15) DAYS WRITTEN NOTICE TO THE PROVIDER. For Convenience: THE DEPARTMENT MAY TERMINATE THIS CONTRACT, IN WHOLE OR IN PART, WITHOUT CAUSE, FOR ITS CONVENIENCE, AND WITHOUT ADDITIONAL COST TO THE DEPARTMENT, BY GIVING NO LESS THAN THIRTY (30) DAYS WRITTEN NOTICE TO THE PROVIDER.
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Related to Renewal or Extension Terms

  • Extension Terms County may, at its sole option, extend the term of this Agreement beyond the Initial Term for up to ___ additional one-year terms at the same rates and under the same terms provided for herein (each such period being an “Extension Term”). County shall notify Contractor of its election for an Extension Term(s) as provided for in §6.

  • Extension Term Provided Lessee is not in default in the performance of any term or condition of this Lease, Lessee shall have the option to extend this Lease for two (2) additional terms of five (5) years per term, commencing with the expiration of the first or additional term, upon the following conditions:

  • Extended Terms The Term of this Agreement may be extended by the Manager if the Resident applies in writing for an “Extension” in accordance with the Managers published policies about Term Extensions. Extensions are subject to availability. Priority will be given to Residents travelling from great distances, who demonstrate a special need, or who are enrolled in orientation or academic programs that begin early or continue beyond the Residence Term. Extensions may also be granted for any ‘Early Move-In’, ‘Late Move-Out’ or ‘Summer Residence’ programs offered by the Manager. Residents granted Extensions are subject to the fees detailed in Table 3. Any Resident found occupying a Room outside of the Term without approval from the Manager are subject to additional fees over and above those detailed in Table 3. TABLE 3: Extended Terms Start (“Move-In Day”) End (“Move-Out Day”) Fees Summer Term 2020 N/A N/A N/A Academic Year 2020-2021 August 30, 31, September 1, 2, 3, 4, 2020 N/A $35.00/day Winter Term 2021 N/A N/A N/A * Customized By Manager

  • 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.

  • Extension; Waiver At any time prior to the Effective Time any party hereto may, to the extent legally allowed, (i) extend the time for the performance of any of the obligations or other acts of the other parties hereto, (ii) waive any inaccuracies in the representations and warranties made to such party contained herein or in any document delivered pursuant hereto and (iii) waive compliance with any of the agreements or conditions for the benefit of such party contained herein. Any agreement on the part of a party hereto to any such extension or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such party.

  • Renewal Periods Renewal of registered names may be made in one (1) year increments for up to a maximum of ten (10) years. For the avoidance of doubt, renewal of registered names may not extend their registration period beyond ten (10) years from the time of the renewal.

  • Policy Renewal/Expiration At least thirty (30) days prior to the expiration of any policy required by this Contract, evidence of renewal or replacement policies of insurance with terms no less favorable to OGS than the expiring policies shall be delivered to OGS in the manner required for service of notice in Paragraph A.3.

  • Extension of Agreement Prior to the original expiration date of this Agreement, the Parties mutually agree to extend this Agreement to the February 15 extension date identified in Paragraph VIII(A). The Parties acknowledge that no further extensions of this Agreement are authorized. Xxxxxxxxx has hereunto signed on this Day of , 20 . Landowner(s): The Secretary of the Department of Agriculture, acting and through his or her authorized representative has executed this Contract on behalf of the United States of America on this Day of , 20 . THE UNITED STATES OF AMERICA BY: NONDISCRIMINATION STATEMENT The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or a part of an individual’s income is derived from any public assistance program. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 0 (000) 000-0000 (voice and TDD). To file a complaint of discrimination, write to USDA, Director, Office of Civil Rights, 0000 Xxxxxxxxxxxx Xxxxxx, XX., Xxxxxxxxxx, XX 00000-0000 or call (000) 000-0000 (voice) or (000) 000-0000 (TDD). USDA is an equal opportunity provider and employer. PRIVACY ACT STATEMENT

  • Renewal Terms Immediately following the Initial Term this Agreement shall automatically renew for successive one-year periods (a “Renewal Term”).

  • 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.

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