Sla Term Sample Clauses

Sla Term. Each Site licensed by Licensor to Licensee pursuant to a SLA shall be licensed for five (5) years, beginning on the SLA Commencement Date. The term of each SLA may be extended for up to three (3) additional five (5) year terms at Licensee's option. In the event that Licensee desires to renew a SLA, Licensee shall submit its request to Licensor, in writing, at least six (6) months prior to the end of the SLA Term. Notwithstanding the foregoing, if Licensor's rights in the Site are derived from a Prime Lease or other agreement with a third party and such Prime Lease has a shorter term than those provided for under this Section 4.2, then the SLA Term and Licensee's right to extend any particular SLA shall only be for as long as Licensor retains its interest in said Prime Lease. Licensor, at its sole discretion, shall use reasonable commercial efforts to renew or extend any Prime Lease for which Licensee's SLA is in effect and has a remaining term of twelve (12) months or more. In no event, however, is Licensor obligated to Licensee for any inconvenience, damage, claim or loss arising out of Licensor's failure to extend or renew said Prime Lease.
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Sla Term. Section 4.2 "SLA Term" of the MLA is hereby amended and restated in its entirety to read as follows:
Sla Term. Each Site licensed by Licensor to Licensee pursuant to an SLA shall be licensed at Licensee's election:
Sla Term 

Related to Sla Term

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

  • 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.

  • Commencement of Term The Term commences upon the Commercial Operation Date.

  • Fixed Term This Agreement is concluded for a fixed term specified in the ‘Contract Term’ section of the Order Form. Neither Party can terminate this Agreement for convenience, however any rights of termination for cause remain unaffected.

  • Contract Term The period of Contractor's performance shall begin on November 1, 2018 and end on October 31, 2019 with an option to renew for an additional three (3) twelve (12) month periods.

  • Original Term The weighted average original term for the Receivables is at least 65 months.

  • Term of the Lease The lease begins at p.m. on (the “Check-in Date”) and ends at a.m. on (the “Checkout Date”).

  • 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.

  • Base Term Commencing on the Expansion Premises Commencement Date, the defined term “Base Term” on page 1 of the Lease is deleted in its entirety and replaced with the following:

  • Term of Engagement This Agreement will remain in effect for 12 months from the date of this Agreement. The parties hereto may terminate or extend this Agreement at any time by written consent.

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