Term and Consideration. 2.1 Unless earlier terminated in accordance with this Agreement, the term of this Agreement shall be for a period of twelve (12) months (‘the Term’) from the Effective Date.
Term and Consideration. The term of this Agreement shall commence on the Closing Date and shall expire on the fifth anniversary of the Closing Date (the “Term”). No additional consideration will be paid to Shareholder pursuant to this Agreement.
Term and Consideration. The term of this Agreement and the License shall begin on March 17, 2014 and shall, unless sooner terminated according to the terms herein, terminate at midnight on March 16, 2015 (the “Term”), unless sooner terminated or extended by the parties in writing. For and in consideration of this License, Eastern Star shall be reimbursed for the following costs which shall be paid when due without set off or abatement: A flat fee sum of $12,036 per year for wear and tear to the License Area asphalt, annual administration costs including without limitation legal fees, and increased security to protect the Eastern Star Property and its members and their property. This flat fee sum shall be payable to Eastern Star in one annual installment on the date of execution of this Agreement (regardless of whether after March 17, 2014) and in annual installments during any extension of the Term of this Agreement. Time is of the essence for all payments due to Eastern Star.
Term and Consideration. Subject to the provisions of Section 4, this Agreement shall be for a term of twenty (20) years (the “Initial Term”) commencing on the Effective Date. Upon expiration of the Initial Term, this Agreement will automatically be renewed on the same terms and conditions, on a year-to-year basis until terminated by either party hereto as set forth in this Agreement (the Initial Term, together with any such annual renewals, is herein referred to as the “Term”). Within thirty (30) calendar days of receipt of Licensor’s invoice, Licensee shall reimburse Licensor the ad valorem taxes allocable to the Hike and Bike Trails and any other fee or tax assessed against Licensor on account of the Hike and Bike Trails.
Term and Consideration. The current lease will end on April 14, 2015. This new lease is for a term of ten (10) years and shall commence on April 15, 2015, and shall expire on April 30, 2025. As full consideration for this lease, the City shall allow the District to use the Tennis Center as set forth in Exhibit A, attached hereto and incorporated herein. By mutual agreement, this lease may be extended for one (1), five (5) year term, at the consideration and upon the terms of this Lease, or for such other consideration or upon such terms as shall be agreed to by the parties, provided that such extension is entered into by no later than November 30, 2024.
Term and Consideration. This Lease is in effect from the date of the Notice to Proceed with Installation until TBD after the Commercial Operation Date at a rate of one dollar ($1) per year.
Term and Consideration. In consideration of the mutual covenants and agreements hereafter set forth, the parties agree as follows:
Term and Consideration. The term of this Agreement shall commence on the Closing Date and shall expire on the fifth (5th) anniversary of the [Closing Date/date of termination of [Stockholder/Employee]’s employment with the Company]1 (the “Term”).2 In the event Stockholder is in breach of Sections 2 or 3 of this Agreement, the Term shall be extended by the length of any period during which [Stockholder/Employee] is in breach of the terms of such Sections. No additional consideration shall be paid to [Stockholder]/Employee] pursuant to this Agreement.
Term and Consideration. 3 Section 3.1. Basic Term.......................................................... 3 Section 3.2. Renewal Term........................................................ 3 Section 3.3. Head Equipment Agreement Consideration.............................. 4 Section 3.4. Nonterminability.................................................... 4
Term and Consideration. This Agreement shall commence on the date hereof and continue for a period of one (1) year hereafter. As consideration for Xxxxxx'x covenants and agreements under this Agreement, Crescent hereby agrees to pay to Xxxxxx in such number of installments or in one lump sum payment as determined by Xxxxxx, the average annualized amount as set forth on Exhibit A hereto.
