TERM AND LEASE. 1.1 MFN hereby leases to Carrier optical fiber ("Leased Fiber") on MFN's fiber optic cable network ("Network") and/or constructed and installed specifically for Carrier and the equipment and interfaces described in the Product Order ("Equipment"), as provided in the Product Order. The Leased Fiber and Equipment leased by Carrier will be referred to as the "Product". The lease term ("Lease Term") and other specific terms pertaining to the Product are set forth in the Product Order. The term "Party" will refer, individually, to either MFN or Carrier and the term "Parties" will refer to both of them. The term "
TERM AND LEASE. 1.1 MFN hereby leases to Carrier, pursuant to Supplements to be executed by the parties, optical fiber ("Leased Fiber") on MFN's fiber optic cable network ("Network") and/or constructed and installed specifically for Carrier and the equipment and interfaces described in the Supplements to the Product Order ("Equipment"), as provided in the Product Order and the Supplements thereto. The Leased Fiber and Equipment leased by Carrier will be referred to as the "Product". The lease term ("Lease Term") and other specific terms pertaining to the Product are set forth in the Supplements. The term "
TERM AND LEASE. Except as otherwise expressly stated in this lease, the "term" of this lease shall include the original term and any additional term or extended term, and references to this "lease" shall include this instrument and any properly executed amendment thereof or supplement thereto.
TERM AND LEASE. 1.1 MFN hereby leases to Carrier, pursuant to Supplements to be executed by the parties, optical fiber ("Leased Fiber") on MFN's fiber optic cable network ("Network") and/or constructed and installed specifically for Carrier and the equipment and interfaces described in the Supplements to the Product Order ("Equipment"), as provided in the Product Order and the Supplements thereto. The Leased Fiber, Building Access and Equipment leased by Carrier will be referred to as the "Product". The lease term ("Lease Term") and other specific terms pertaining to the Product are set forth in the Supplements. The term "Party" will refer, individually, to either MFN or Carrier and the term "Parties" will refer to both of them. The term "Agreement" will mean and include the Product Order, Supplements and all Exhibits thereto and these General Terms and Conditions.
TERM AND LEASE. 2.1 Unless sooner terminated in accordance with the terms of this Agreement, NFN hereby grants to NEXTLINK a lease of the exclusive use of * fiber-miles of optical fiber, provided as those contiguous strands of fiber within the NFN System as described in Exhibit A to this Agreement and as other fibers (the "Banked Fiber") at locations within the NFN System in Manhattan as NEXTLINK may choose to utilize up to the total of * fiber-miles of optical fiber (such fiber together with NEXTLINK Extensions to those NEXTLINK Locations listed in the initial Exhibit F hereto, hereinafter, "NEXTLINK Fibers"), for an initial term commencing on the date of this Agreement and terminating on December 19, 2008 (the "Initial Term"), and a first additional term of one hundred and two (102) months, commencing immediately upon the expiration of the Initial Term.
TERM AND LEASE. 3.1 MAIN STREET leases THE PREMISES for a term of ten (10) years commencing on or about: (i) June 1, 2018, or (ii) within 12 months of the CITY’s execution of the grant agreement with Wyoming Business Council, or (iii) or upon issuance of Certificate of Occupancy, whichever is later. The lease will terminate one hundred twenty (120) months from the date of commencement, without any notice required of either party. Neither party shall have a right to renew this lease; any lease renewal or extension must be mutual consent expressed in writing between the parties. The base monthly lease amount shall be two thousand, eight hundred and sixty-seven dollars ($2,867.00) for the ground level space. The additional lease amount for any additional space leased under § 2.1 shall be mutually agreed upon between MAIN STREET and BIG HOLLOW. In the absence of the parties mutually agreeing upon such an amount, the additional space will be valued at fair market value, as determined by a certified general real estate appraiser to be selected by MAIN STREET. No actual appraisal need be conducted, the appraiser will be expected to supply his/her opinion as to then-existing commercial lease rates in the City of Laramie, Wyoming. All payments required herein are payable in advance on the first day of each month during the term of THIS AGREEMENT or any renewal thereof. MAIN STREET will deduct, in the form of credit to BIG HOLLOW, the amount of $500.00 off of the monthly base rental amount, per month, until such time as BIG HOLLOW has recaptured the 1.25% matching project cost cash contribution BIG HOLLOW previously made without interest. MAIN STREET is not liable to reimburse or credit BIG HOLLOW for any remaining or uncredited amount of BIG HOLLOW’s prior contribution should BIG HOLLOW terminate this lease or unilaterally vacate THE PREMISES prior to receiving the full value of its prior contribution. MAIN STREET may, annually, review the rental rates charged to BIG HOLLOW and may, at its sole discretion, lower rental rates and may also, at its sole discretion, raise rental rates, but not by more than 3.0% of the base monthly or yearly lease amount without the consent of BIG HOLLOW. For an example, see Rent Appendix.
TERM AND LEASE. Xxxxxxxx agrees to lease to Xxxxxx and Xxxxxx agrees to lease from Landlord the Premises for the full term of three (3) years beginning July , 2024 and ending July , 2027 (the “Term”). The annual lease payment shall be in the sum of One Dollar ($1.00), plus applicable sales taxes, which shall be payable in advance yearly. At the signing of this Agreement, Tenant shall pay the first annual rental payment in advance. The remaining yearly lease payments shall be payable in advance at the commencement of each successive term during this Agreement. There will be a single option to renew for an additional three (3) year term.
TERM AND LEASE
