Renewals; Extensions. All provisions of this Agreement relating to the Note shall apply with equal force and effect to each promissory note hereafter executed which in whole or in part represents a renewal or extension of any part of the Indebtedness of the Borrower under this Agreement, the Note, or any other Loan Document.
Renewals; Extensions. The provisions of this Agreement shall apply to any renewal or extension of the Loan, except as modified or amended in writing by the parties hereto at the time of such renewal or extension. 9.6
Renewals; Extensions. As additional compensation, if Manager negotiates a renewal or extension of a Tenant Lease, Manager shall be entitled to a fee of Three percent (3%) of net rent for years 1 through 5 and one half percent (1.5%) of net rent for the balance of the lease term.
Renewals; Extensions. In case of a renewal to the existing Tenant a new Tenancy Agreement will be drawn up and which a charge of £150 plus VAT will apply to the Owner/Landlord. We will seek further instructions with regards to any renewal by email, telephone or post. If you are uncontactable and renewal is at the same rental price or higher, we will proceed with the renewal on your behalf. Although our documents are constantly reviewed and updated by our legal advisors, OCB must point out we are not Solicitors and the Owner/Landlord should consult with their own legal adviser if the Owner/Landlord requires further information about their rights and obligations as an Owner/Landlord.
Renewals; Extensions. In 1998 and in each year thereafter, Xxxxxx and TDI may request in writing an extension of the Termination Date for an additional one-year period. Such written request must be accompanied by the Xxxxxx Group's preceding fiscal year's audited financial statements and any other financial information reasonably requested by Bank. Any such extension shall be in each instance, made in the Bank's sole discretion. Upon such extension, the Termination Date shall be changed to reflect the extension.
Renewals; Extensions. In the event that the Additional Collateral Amount continues to act as collateral for the BOTW Loan pursuant to the Loan Documents and is still outstanding (or if at such time the BOTW Loan is in default and the Note has been issued to Xxxxxxxxx), on each anniversary of the Effective Date, Company shall (i) pay to Xxxxxxxxx an annual cash fee equal to the sum of (a) $660,000.00 (the "Base Amount") plus (b) the product of (I) the Base Amount times (II) the difference of (x) 1.4% and (y) the per annum rate of interest earned by Xxxxxxxxx on the Additional Collateral Amount while such is maintained in the Xxxxxxxxx Deposit Account plus (c) a $50,000 renewal fee (the amounts in (a)-(c) collectively, the "Renewal Fee") and (ii) issue to Xxxxxxxxx, an additional warrant to purchase up to 300,000 of the Company's Series 1 Common Shares in a form substantively similar to the Warrant. In the event this Agreement is terminated prior to each such anniversary date, then the Company shall pay to Xxxxxxxxx a pro-rated amount of the Renewal Fee for such year.
Renewals; Extensions. If the Lease provides an option(s) for the Tenant to renew or extend the Lease upon the expiration of its initial term or extended term, Landlord shall pay a market Commission to XXXXXXX REALTY GROUP, at the time such renewal or extension is exercised and an amendment/lease is fully executed.
Renewals; Extensions. If a renewal is set forth in any Schedule, Lessee may, at its option, extend the Rental Term for the renewal period specified by giving Lessor written notice not less than 90 days before the expiration of the Rental Term or the then current renewal thereof, provided no Event of Default then exists. Any such renewal shall continue on the same terms and conditions set forth herein and such renewal term shall be treated as a Rental Term; except that the Rental Payments shall be in the amount of the renewal Rental Payments set forth in the applicable Schedule. If the Schedule provides for FMV renewal Rental Payments, they shall be determined as set forth in Section 19, substituting renewal Rental Payments for purchase price. If Lessee fails to exercise any renewal or purchase option pursuant to Sections 19 and 20, and either (i) fails to notify Lessor of its intention to return the Equipment pursuant to Section 25 or (ii) fails to return the Equipment after such notification to Lessor, then the lease of such Equipment shall automatically be extended on a month-to-month basis until terminated (upon notice by either party, given at least 90 days prior to the end of the month in which the termination is to be effective) at rent equal to the Rental Payment applicable during the Rental Term, and all other obligations of Lessee under this Lease shall continue during such month-to-month rental.
