Renewal Rights. Provided no Lessee Event of Default has occurred and remains uncured as of the end of the Current Lease Term, Lessee shall have the right and option (the “Renewal Option”) to extend the term of this Lease with respect to all (but not less than all) of the Leased Property for consecutive renewal terms, each for a length of time equal to five (5) years (each, hereafter referred to as the “Renewal Term”), provided, however, that the maximum aggregate Term shall in no event exceed 99 years.
Renewal Rights. Provided that Tenant shall not then be in default beyond any applicable grace, notice and cure period, and that the original Tenant shall be in occupancy of the entire Premises, Tenant may extend the term of this Lease for one (1) additional option period of five (5) years (hereinafter defined as the “Renewal Term”). Notwithstanding anything to the contrary contained in this Section 2.2, if, on the commencement of the Renewal Term, there shall be an default by Tenant beyond any applicable grace or cure periods, Landlord, in Landlord’s sole and absolute discretion, may elect, by written notice to Tenant, to void Tenant’s exercise of the applicable renewal option, in which case Tenant’s exercise of the applicable renewal option shall be of no force or effect, and the Term shall end of the Expiration Date of the initial Term of this Lease, unless sooner cancelled or terminated pursuant to the provisions of this Lease or by Law. Tenant shall notify Landlord in writing of its election to extend this Lease for the Renewal Term (an “Option Notice”), not less than nine (9) months prior to the Expiration Date of the initial Term, TIME BEING OF THE ESSENCE as to such Option Notice requirement. Tenant’s failure to timely exercise the option hereunder shall cause such right to terminate and be of no further force or effect. The Annual Rent payable during the Renewal Term shall be at ninety-five percent (95%) of “Fair Market Rental Value” (as hereinafter defined). Tenant shall have no further right to extend the term of this Lease beyond the Renewal Term. If Tenant shall extend the term of this Lease pursuant to the provisions of this Section, such extension shall be automatically effected without the execution of any additional documents.
Renewal Rights shippers with contract terms of thirty-five (35) months or more shall have the right to renew their TA’s for the same volume or a lower volume under their TA at the date of expiry of their TA, without pro ration, at the same receipt point(s), for a minimum of one year, at the then-prevailing toll (prevailing at the time of the election to renew), by providing Transporter with one year’s advance written notice. There is no limitation on the number of times such shippers may exercise this right, provided that where any provision of this Precedent Agreement (including this Section 7(g)) requires that shipper have a contract term of at least thirty-five (35) months or of fifty-nine (59) months, as applicable, the initial term of such shipper's original contract (and not the duration of the renewal term) shall be used for the purpose of applying such provision;
Renewal Rights. Provided no Level 1 Tenant Default has occurred and remains uncured as of the end of the Initial Term, Tenant shall have the right and option (the “Renewal Option”) to extend the term of the Lease with respect to all (but not less than all) of the Leased Property for an initial renewal term equal to the lesser of (i) nine (9) years and (ii) seventy-five percent (75%) of the expected remaining useful life of the Leased Property, as reasonably determined by Landlord in consultation with Tenant and a qualified consultant engineer (the “Renewal Term”). Base Rent during the Renewal Term shall be the Fair Market Rent, determined as set forth below.
Renewal Rights. (a) Seller, FGWLA and CLAC shall provide to Purchaser on the Closing Date a true, complete and correct list of clients which have Insurance Contracts and Related Administered Contracts that are either in-force on the Closing Date or lapsed as of the Closing Date but subject to reinstatement.
(b) In connection with the first policy anniversary or other renewal date of each Insurance Contract and the applicable Related Administered Contract on or after the Non-Renewal Date applicable to such Insurance Contract and Related Administered Contract with respect to which no renewal rate quote is outstanding on such date (or, with respect to such Insurance Contracts and Related Administered Contracts as remain in effect with Seller, FGWLA and CLAC subsequent to such Non-Renewal Date based on renewal rate quotes so outstanding, in connection with the next such policy anniversary or other renewal date), Purchaser shall send, on behalf of Seller, FGWLA and CLAC, as appropriate, (i) to each applicable Contractholder who does not have a Guaranteed Renewal Contract a written notice in a form reasonably acceptable to Seller, notifying such Contractholder of the termination of such Insurance Contract and Related Administered Contract by Seller, FGWLA or CLAC, as applicable, and encouraging such Contractholder to obtain replacement insurance and services with Purchaser and (ii) to each applicable Contractholder who has a Guaranteed Renewal Contract a written notice substantially in a form reasonably acceptable to Seller, encouraging such Contractholder to replace its Guaranteed Renewal Contract and Related Administered Contract with a new insurance policy and services agreement issued by Purchaser.
(c) Purchaser shall, in connection with the first policy anniversary date or other renewal date on or after the Non-Renewal Date applicable to each Insurance Contract and the applicable Related Administered Contract with respect to which no renewal rate quote is outstanding on such date (or, with respect to such Insurance Contracts and Related Administered Contracts continued to be written by Seller, FGWLA and CLAC subsequent to such Non-Renewal Date for the reasons set forth in Section 3.01, in connection with the next such policy anniversary), offer to issue a replacement policy and a new services agreement on Purchaser’s forms and at Purchaser’s rates and subject to Purchaser’s underwriting criteria, and Purchaser shall make a good faith effort to place the same in effect. In ...
Renewal Rights. The Good Xxx Insurance Agency shall own and control all renewal rights and expirations on all Insurance and Insurance Products issued or sold through the Good Xxx Insurance Agency, including to Good Xxx Members or Camping World Customers, and shall have the sole and exclusive right to customer relationships with policyholders of Insurance and Insurance Products contemplated under this Agreement, including Insurance and Insurance Products underwritten, written or issued by the GMACI Carrier. If the GMACI Agency is party to any agency agreement with the GMACI Carrier that is inconsistent with this Section V.4., the GMACI Agency shall assign to the Good Xxx Insurance Agency the renewal rights and expirations contemplated in this Section V.4.
Renewal Rights. A. This Lease may be renewed at the option of the Government for [Insert Number] additional one-year terms, and the Government shall pay the Lessor annual rental of $[Insert Amount] (note: also state amount in words) at the rate of $[Insert Amount] (note: also state amount in words) per calendar month in arrears; provided, written notice is provided to the Lessor at least [Insert Number] days before the end of the original Lease term or any extension thereof. In no event shall the Lease term be extended beyond [Insert Day, Month, Year]. All other terms and conditions of this Lease, as same may have been amended, shall remain in full force and effect during any renewal term.
B. Termination rights outlined above in Section 1.03, Termination Rights, apply to all renewal terms.
Renewal Rights. Unless the Authority objects in writing within eighteen (18) months of the Term Expiration Date or eighteen (18) months of the expiration of any renewal period, and if no StadCo Event of Default then exists, StadCo will have the option to extend this Agreement for four (4) successive extension terms of five (5) years each, each of which extension terms shall be upon all the same terms and conditions as set forth herein, unless otherwise agreed to by the Parties in a separate agreement, except for the reduction of the number of extension options as a result of each such exercise. If StadCo decides to exercise an extension option, then StadCo must provide written notice to the Authority of such election at least two (2) years prior to the expiration of the initial term or any applicable extension term.
Renewal Rights. (a) Retrocedent acknowledges that the intent of this Retrocession Agreement, the Transfer and Purchase Agreement and the Related Documents is to convey to Retrocessionaire, on an exclusive basis, all of the Retrocedent's right, title and interest in the Renewal Rights. Retrocedent shall not retain any Renewal Rights nor shall Retrocedent assign, transfer or facilitate in any manner the transfer of the Business to any Person other than the Retrocessionaire, regardless of whether Retrocessionaire chooses to reinsure any Reinsured Contracts upon expiration or cancellation of such Reinsured Contract. For the avoidance of doubt, the parties agree and acknowledge that, as of and after the date hereof, under no circumstances may Retrocedent conduct, or permit any Person other than Retrocessionaire and its Affiliates to conduct, any marketing or solicitation activities of any kind whatsoever with respect to the Business, except to the extent provided for under Section 5.1 in the Transfer and Purchase Agreement.
(b) Retrocedent shall take such actions as are deemed reasonably necessary and appropriate by Retrocessionaire to facilitate the Retrocessionaire's exercise of the Renewal Rights with respect to the Reinsured Contracts.
Renewal Rights. A. This Lease may be renewed at the option of the Government for nine (9) additional one-year terms, and the Government shall pay the Lessor annual rental of $ [Insert Amount] (note: also state amount in words) at the rate of $ at least 30 days before the end of the original Lease term or any extension thereof. In no event shall the Lease term be extended beyond [Insert Day, Month, Year]. All other terms and conditions of this Lease, as same may have been amended, shall remain in full force and effect during any renewal term.
B. Termination rights outlined above in Section 1.03, Termination Rights, apply to all renewal terms.
