Renewal Period. If at the time of Manager’s exercise of a renewal period with respect to any Hotel, such hotel is a Subject Hotel within a Performance Cure Period, the exercise of such renewal period shall be conditional upon timely cure of the Performance Failure, and if such Performance Failure is not timely cured, then, notwithstanding the foregoing provisions, Lessee may elect to terminate this Agreement with respect to such Subject Hotel pursuant to the terms of this Section 2.03(b) without payment of any termination fee.
Renewal Period. You may prevent renewal if we receive written notice from you before maturity of your intention not to renew. If you do not notify us, the renewal term will be the same as the original term, beginning on the maturity date. The Dividend Rate will be adjusted to the current rate as set forth on the current Deposit Rate Sheet.
Renewal Period. If there has not been an "Event of Default" during the term of the Contract, Association/Vendor may provide written notice of intent to renew this Contract for the Festival occurring in the next calendar year.
Renewal Period. (a) Where a Renewal Period has been specified in Item 9 of the Order Form, the Customer may, in its sole discretion, extend the Term for a period not exceeding the relevant Renewal Period (up to, if any, the maximum number of renewals specified in that Item), by giving the Supplier a notice in writing at least 15 Business Days prior to the end of the then current Term (or such other notice period as may be specified in Item 9 of the Order Form).
(b) Subject to clause 1.4(b), any Renewal Period exercised in accordance with clause 5.2(a) will be on the same terms and conditions of this Agreement as in effect at the end of the then current Term, unless the parties agree to amend this Agreement in accordance with clause 39.6.
Renewal Period. Tenant may, at its option, extend the Term for one renewal period of five years (the “Renewal Period”) by written notice to Landlord (the “Renewal Notice”) given no earlier than 12 nor later than 9 months prior to the expiration of the Term, provided that at the time of such notice and at the commencement of such Renewal Period, (i) Tenant remains in occupancy of the Premises, and (ii) no uncured event of default exists under the Lease. The Base Rent payable during the Renewal Period shall be the Market Rental Rate for the Premises. However, in no event shall the Base Rent for the Renewal Period be less than the Base Rent during the last year of the Term. Except as provided in this Rider No. 1, all terms and conditions of the Lease shall continue to apply during the Renewal Period.
Renewal Period. You may prevent renewal if we receive written notice from you before maturity of your intention not to renew. If you do not notify us, the renewal term will be the same as the original term, beginning on the maturity date. The Dividend Rate will be adjusted to the current rate as set forth on the current Deposit Rate Sheet. Compounding and Crediting of Interest: Interest will be compounded and paid monthly. Term of Deposit: Set terms available of six (6) months, twelve (12) months and twenty-four (24) months.
Renewal Period. Tenant may, at its option, extend the Term for two renewal periods of five years each (the “Renewal Period”) by written notice to Landlord (the “Renewal Notice”) given no earlier than 18 nor later than 12 months prior to the expiration of the Term (or the prior Renewal Period, as applicable), provided that at the time of such notice and at the commencement of such Renewal Period, (i) Tenant remains in occupancy of at least 50% of the Premises, and (ii) no uncured event of default exists under the Lease. The Base Rent payable during the Renewal Period shall be at 95% of the Market Rental Rate (defined below) for the Premises. Except as provided in this Rider No. 1, all terms and conditions of the Lease shall continue to apply during the Renewal Period.
Renewal Period. (1) In the event that Permittee exercises the option for a Renewal Term as provided in subparagraph 2(b) herein the Annual Fee during the Renewal Term pursuant to the option notice shall be “Fair Market Rate” as of the “Fee Determination Date” as those terms are defined in this paragraph 3.
(2) As used in this Agreement, “Fair Market Rate” shall be deemed to mean the Fee that would typically be paid by a permittee under a similar permit for a City of Sacramento site of a similar type, design, and quality in the same or similar geographic area (including park sites) in which the Premises are situated under market conditions existing as of the Fee Determination Date.
(3) As used in this Agreement, “Fee Determination Date” shall be deemed to mean the date on which City is given notice pursuant to subparagraph 2(b) herein.
(4) If Permittee and City cannot agree on the Fair Market Rate within fifteen (15) days after the Fee Determination Date, the amount payable during the Renewal Term of the Agreement shall continue to be adjusted according to the provisions of subparagraph 3(e) herein.
Renewal Period. 4.1. The Lessee shall be entitled to renew this Agreement by giving written notice 6 (Six) months prior to the expiry date, for a further period as stipulated in Item 13 of the Schedule, upon such terms and conditions as the Lessor and the Lessee may agree upon, provided that written agreement is reached and signed by or on behalf of the parties at least 3 (Three) calendar months prior to the expiry date, failing such consensus this Agreement will terminate in the expiry date.
4.2. If the Lessee commits a breach of any term of this Agreement during the initial period of the Agreement, the Lessee’s right to renew this Agreement will automatically and without notice be cancelled when such breach has occurred, without prejudice to any other rights of the Lessor.
Renewal Period. At the beginning of the renewal period (if applicable), and again after the expiration of the first 5 years of the renewal period, the Base Rent shall be adjusted to reflect the actual market rent for comparable office space.
