Second Renewal Period Sample Clauses

Second Renewal Period. [***] A total of two pages were omitted and filed separately with the Securities and Exchange Commission. [***]
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Second Renewal Period. If Tenant is not then in default under the Lease, then upon mutual agreement of both the Tenant and the Landlord the Term of the Lease may be extended for an additional one (1) year period commencing August 1, 2021 and ending July 31, 2022 (the “Second Renewal Period”). Tenant shall give written notice to Landlord of its desire to extend the Lease for the Second Renewal Period no later than November 30, 2020. Tenant acknowledges and agrees that Landlord’s consent and approval to a Second Renewal Period requires an affirmative vote of the Board of Selectmen. If for any reason, Landlord is unable to obtain the affirmative vote of the Board of Selectmen approving the Second Renewal Period, then there shall be no Second Renewal Period, the Term of the Lease shall end on July 31, 2021 and the Tenant shall vacate the Leased Premises on or before July 31, 2021. In the event the Second Renewal Period is requested by the Tenant and is approved by the Landlord as set forth above, then the Base Rent during the Second Renewal Period shall be FOUR HUNDRED THOUSAND AND 00/100 DOLLARS ($400,000.00) payable in 12 monthly payments of THIRTY THREE THOUSAND, THREE HUNDRED THIRTY THREE AND 33/100 DOLLARS ($33,333.33) payable in advance on or before the first of the month, commencing August 1, 2022 and payable through July 1, 2023.
Sample 1
Second Renewal Period. If this Lease shall have been renewed and extended for such first renewal and extension period and if Lessee, by a notice in writing served upon Lessor at least nine (6) months before the Expiration Date of the first extended term shall have so elected, and if Lessee is not on such date in default in any of its obligations hereunder, then and at the expiration of such first renewal and extension period, this Lease shall be again renewed and extended for a further term of five (5) years commencing on the first day after the Expiration Date of the first extended term on the same terms and conditions as herein provided (except for Base Rent and this option to renew and extend).
Sample 1
Second Renewal Period. October 19, 2018 through and including August 20, 2019 (305 days); and
Sample 1
Second Renewal Period. The base rent payable during the Second Renewal Period shall be at the Market Rental Rate for the Premises. Except as provided in this Rider “1", all terms and conditions of the Lease (as amended by the Second Amendment) shall continue to apply during the Second Renewal Period.
Sample 1
Second Renewal Period. [***] [***]
Sample 1

Related to Second Renewal Period

  • 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.

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • 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.

  • Initial Term and Renewal This Agreement shall become effective upon its execution and, shall have an initial term of five (5) years. Following the expiration of the initial term, the Agreement shall automatically renew for successive one-year terms until such time that the Agreement is terminated by either Party upon giving the other Party six (6) months’ written notice of termination.

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

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