RIGHT OF RENEWAL. 5.1 Practitioner will be entitled to renew the agreement by notice in writing to the Performer given by not later than thirty (30) days prior to the expiry date to the current exposure of renewal period, failing which such rights shall cease subject to the provisions in clause 5.3.
5.2 If the agreement is renewed, the renewal fees in S13.4 or S14.5 will be payable.
5.2.1 If S14.5 applies, this agreement may be renewed by the Practitioner at its option. However, after a period of four consecutive years of paid renewals from the date of first usage, as provided for in clause 2.5, the Performer is entitled to give the Practitioner twelve (12) months written notice for legitimate or lawful reasons of his/ her intention not to renew.
5.2.2 If S13.4 applies and the agreement is renewed then the renewal fees for each subsequent renewal period will be as provided in S13.4, until the expiry of twenty four (24) calendar months after the date in S9 or S11 (See Clause2.5) and in respect of any renewal after such period the renewal fees payable will be the standard rates at the time of renewal as agreed between ACA, NAMA, PMA, SAGA and SAPAMA, provided that if no such standard rates have been fixed the renewal fees will be negotiable.
5.3 If S14 applies and the agreement is not renewed timeously and lapses and provided the Performer has not, since the lapse of the agreement, entered into a conflicting agreement with a third party, Practitioner may revive and renew the agreement by notice in writing to the Performer, and by payment of the renewal fee relevant to the year in which it is to be renewed, i.e. if renewal lapsed in year two and the Practitioner renews for year three then only year three renewal rate applies.
5.4 Unless otherwise negotiated, a “package deal” must be renewed as the full package (See Clause 1.24)
RIGHT OF RENEWAL. Provided that the Sublessee is not in material default of any of the provisions hereof (including any event which with notice or passage of time or both would be a material default) at the time of the exercise of any renewal option or at the commencement of the then applicable renewal term and subject to the terms of the Prime Lease and the Tri-Party Agreement, Sublessor grants to Sublessee rights of renewal as follows: At the option of the Sublessee, the Term may be extended for two (2) renewal periods of five years each by written notice to the Sublessor at least three hundred and sixty five (365) days prior to the expiration of the Initial Term or the Sublessor Funded Expansion #1 Term, the Sublessee Funded Expansion #1 Term or Expansion #2 Term, as the case may be, or the first renewal term thereof, as the case may be. Upon valid exercise of any of such right(s) of renewal, the term of this Sublease shall remain in full force and effect except that the rent both Basic Rent and Expansion Rent, shall be directly related to the occurrence of the calendar periods shown on Exhibit D and as stipulated in Article V hereof. Notwithstanding rights granted to the Sublessee pursuant to this Article II relating to the Sublessor Funded Expansion (#1) Term, the Sublessee Funded Expansion #1 Term or the Expansion #2 Term and the Expansion (#1 or #2) Space or any renewal rights granted herein, the Sublessee's right to occupy the Premises shall not extend beyond April 30, 2019. If Sublessee shall have exercised the expansion option(s) and is not otherwise in material default (including any event which with notice or passage of time or both would be a material default) after notice and failure to cure as contemplated in Section 11.1 below, of its obligations under this Sublease, then any option to renew the Initial Term as set forth herein shall be deemed to commence upon the expiration of the applicable expansion term. However, regardless of the exercise of any Expansion #1 Option or Expansion #2 Option, the Term and right of possession of the Sublessee hereunder shall expire (if not sooner terminated pursuant hereto) not later than April 30, 2019.
RIGHT OF RENEWAL. 4.1 The Lessee shall, if applicable, as indicated in item 6(b) of the Schedule, and provided the Lessee is not in breach of any of the terms of this Lease at the time, be entitled to renew this Lease for the Period set out in item 6(b) of the Schedule ("the Renewal Period") on the same terms and conditions as herein contained, save that the rental for the Renewal Period shall be as set out in item 7(b) of the Schedule and that there shall be no further right of renewal.
4.2 In order to be effective, unequivocal written notice exercising the right renewal must be received by the Lessor or his Agent not less than three calendar months prior to the expiry of the Initial Period, failing which such right of renewal shall ipso facto lapse and be of no further force or effect.
RIGHT OF RENEWAL. 4.1 If there is a right of renewal provided for in Section D of Schedule 1 the Director-General may renew the Term for a further period by giving the Manager at least three month’s written notice before the end of the Term, providing that the Manager is not in breach of this Agreement. The Manager is to advise the Director-General within 2 months of receiving such Notice in writing (delivered or sent by mail, fax or e- mail) that it wishes to renew this Agreement.
4.2 The renewal is to be on the same terms and conditions as in this Agreement except that the term of this Agreement, plus all further renewal terms is to expire on or before the final expiry date identified in Section D Schedule 1.
RIGHT OF RENEWAL. At the end of the initial term, this Agreement may be renewed for a further period of years on such terms and conditions as may be mutually agreed between the parties to this Agreement.
(a) The Franchisee shall give a written notice of his intention to either renew the Agreement or not, at least six (06) months prior to the expiry of the initial Term of this Agreement. The renewal shall only be effective provided that:-
i. The Franchisee has throughout the initial term properly observed and performed all its obligations under this Agreement and is not at the expiry date in default under any such obligations and hereby warrants the same to be done at renewal date;
ii. The Franchisee shall satisfy all the monetary obligations owed by it to the Franchisor;
iii. Prior to the expiry date, the Franchisee has undertaken, as the Franchisor may have requested, completed or agreed in writing to perform, at the Franchisee’s sole expense, such maintenance, renovation, repairs and refurbishment of the Premises and the equipment, fixtures and fittings used in the Franchise Business as the Franchisor may require within the time prescribed by the Franchisor;
iv. Prior to the expiry date, the Franchisee has executed a Letter in such form as the Franchisor may reasonably require relinquishing any and all claims of whatsoever nature against the Franchisor, any holding, subsidiary or affiliate of the Franchisor or any shareholder, director, agent or employee of the Franchisor, or any other Franchisee of the Franchisor;
v. Prior to the expiry date, the Franchisee and any person employed by or concerned with the Franchisee in the operation of the business specified by the Franchisor (including without limitation any manager of the Business) shall have completed such re-training or refresher training (to the satisfaction of the Franchisor) at such time and at such place as the Franchisor may request;
RIGHT OF RENEWAL. 1. Throughout the term of this Contract, where Party B intends to renew the lease of the Premises upon expiry of the lease term, Party B shall give an irrevocable written notice to Party A three months prior to the expiration of the lease term. If Party B has given a written notice, but does not renew the lease according to the written notice following the expiration of the original lease contract, Party B shall pay Party A the liquidated damages being equal to twice the monthly rent plus property management fee.
2. If Party B has none of the following breaches, i.e. those as set forth in Sub-paragraphs 1)-3) (regardless of whether such breaches are remedied) and Party B pays the rent and the expenses hereunder until the expiration of the lease term, Party A will prioritize the lease of the Premises to Party B under the same conditions:
1) Party B has failed to pay the payable fees hereunder on time (including, but not limited to, rent, management fee, default interest, etc) more than three times in total;
2) The business area, sanitary facilities and other environments of the Premises are inconsistent with the general image and Party B fails to make improvement upon Party A’s written notice. This situation has occurred three times in total.
3) Party B breaches the provisions of this Contract to occupy the outdoor area or post any advertising on the outer wall of the Premises and Party B fails to make improvement upon Party A’s written notice. This situation has occurred more than three times in total.
2. If Party B commits any breach during the period from the signing date of the renewal contract until the commencement of the renewal term, Party A shall have the right to unilaterally terminate the renewal contract and lease the Premises again.
RIGHT OF RENEWAL. Provided the Lessee is not in default of this Lease the Lessee shall be entitled to
RIGHT OF RENEWAL. The Publishers shall have the right to renew the term of the Services as provided in this Agreement.
RIGHT OF RENEWAL. 17.1 The Publishers shall have the right to renew the term of the Services by notice in writing to HealthGate to be given on or before 30 September 1999. If the Publishers exercise their right to renew, the term of the Services shall be extended by one further year, up to and including 28
RIGHT OF RENEWAL. The VENDOR and CSRC may mutually agree to continue this AGREEMENT beyond June 30, 2022 if applicable.
