Term and Grant. 5.1 This Agreement runs for a minimum initial term of 12 months from the date of this Agreement.
Term and Grant a. This Agreement shall commence as of January 1, 1996, and shall continue for an initial term of 66 months. Thereafter, unless earlier terminated pursuant to this Agreement, this Agreement shall renew automatically for successive 12 month renewal periods. HIHAT may terminate this Agreement by giving to Sulcus 90 days written notice prior to expiration of the initial term, or any 12 month renewal term; and Sulcus may terminate this Agreement by giving HIHAT 90 days written notice prior to expiration of the initial term, or any 12 month renewal term. All dollar figures, prices or amounts used in the Agreement or any other agreements related to or contemplated by this Agreement shall be denominated in United States dollars.
Term and Grant. Grantor hereby grants and conveys to Grantee an estate, interest and easement in the Building and Open Space as shown in Exhibit C, for the preservation of historic, architectural, and scenic values of the nature and character and to the extent set forth in this Easement, to constitute a servitude and covenant upon the Property, running with the land for the benefit of and enforceable by Grantee, to have and to hold the said estate, interest and easement subject to and limited by the provisions of this Easement, to and for Grantee’s proper uses forever.
Term and Grant
