TERM AND LEASE Sample Clauses

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 "Agreement" will mean and include the Product Order and all Exhibits thereto and these General Terms and Conditions.
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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.
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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 "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, all Supplements and all Exhibits thereto and these General Terms and Conditions.
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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.
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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. 1.2 MFN will use commercially reasonable efforts to complete installation of and provide Carrier with access to the Product on or about the Estimated Installation Completion Date specified in the Supplements at the Carrier Locations specified in the Supplement ("Turnover Date"). For a period of time not to exceed ten (10) business days after the Turnover Date (the "Acceptance Test Period"), Carrier will conduct such testing as it reasonably deems necessary to ensure that the Product conforms in all material respects to the technical specifications set forth in Exhibit A to the Product Order ("Specifications"). Carrier will use commercially reasonable efforts to complete such acceptance testing and notify MFN in writing within five (5) business days after the Turnover Date, but in any event within the Acceptance Test Period, of acceptance or of any "Deficiencies" (as defined herein) in the Product. Deficiencies exist if the Product does not conform in all respects to the relevant Specifications. Upon receipt of such notification from Carrier, MFN will promptly undertake correction of such Deficiencies and restore access to and use of the Product to Carrier. The "Service Date," whereupon the Lease Term commences, will be the earlier of (i) completion of testing and acceptance of Product by Carrier, (ii) expiration of the AcceptanceTest Period or, (iii) if Carrier has identified Deficiencies, then the first date upon which Product conforms in all material respects with the relevant Specifications. If the Service Date for any Leased Fiber does not occur within one hundred and eighty (180) days of the Estimated Inst...
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TERM AND LEASE. 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.
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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. 2.2 Banked Fiber may be used from time to time during the term of this Agreement pursuant to the provisions of this Subarticle. NEXTLINK shall proposed the utilization of Banked Fiber by completing a Banked Fiber Request Form as provided by NFN. Upon receipt of a completed Request Form, NFN shall evaluate NEXTLINK's request and either (i) make such Banked Fiber available for use by NEXTLINK within thirty (30) days or (ii) notify NEXTLINK within five (5) days that Banked Fiber is not available at the location requested. Banked Fiber may also be used for new NEXTLINK Extensions pursuant to Subarticle 2.5(b), in which case Additional Fiber Charges shall not be assessed to the extent that fiber-miles of Banked Fiber are available; Monthly Recurring Charges pursuant to Subarticle 3.2, however, shall be required for NEXTLINK Extensions employing Banked Fiber. 2 2.3 NEXTLINK may, at its sole discretion, elect a second additional term of ten (10) years, commencing immediately upon the expiration of the first additional term (either the first or the second additional terms hereinafter an "Additional Term"). Any Additional Term shall be subject to such terms and conditions that may be imposed by the franchise granted to NFN by the City of New York for the period of such Additional Term. NEXTLINK shall provide written notice to NFN of its intention to exercise the option to make use of such second Additional Term no later than six (6) months but no more than twelve (12) months prior to the expiration of the first Additional Term. 2.4 NFN shall, as soon as practicable, but no later than nine (9) months after the date of this Agreeme...
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TERM AND LEASE. CITY leases THE FACILITY to LCBA for an initial term of five (5) years commencing on or about December 1, 2024, with an option to renew at subsequent three (3) year intervals thereafter upon mutual agreement of the CITY and LCBA. The annual market value lease rate for the Facility shall be Fifty-Four Thousand Dollars ($54,000) annually. The first LEASE YEAR shall commence on or about December 1, 2024 and end on November 30, 2025. 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.
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TERM AND LEASE 
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Related to TERM AND LEASE

  • Term and Renewal This Agreement shall become effective as of the Effective Date and shall remain in effect for a period of three years from and after the Live Date (the “Initial Term”), and thereafter shall automatically renew for successive three year terms (each such period, a “Renewal Term”) unless terminated by any party giving written notice of non-renewal at least one hundred eighty days prior to the last day of the then current term to each other party hereto.

  • Term and Rent Lessor demises the above premises for a term of twenty years, commencing January 1, 1993, and terminating o December 31, 2012, or sooner as provided herein at the annual rent of Twenty Four Thousand Dollars ($24,000.00), payable in equal installments in advance on the first day of each month for that month's rental, during the term of this lease. All rental payments shall be made to Lessor, at the address specified above.

  • Location of Real Property and Leased Premises (a) Schedule 3.20(a) lists completely and correctly as of the Closing Date all real property owned by the Borrower and the Subsidiaries and the addresses thereof. The Borrower and the Subsidiaries own in fee all the real property set forth on Schedule 3.20(a). (b) Schedule 3.20(b) lists completely and correctly as of the Closing Date all real property leased by the Borrower and the Subsidiaries and the addresses thereof. The Borrower and the Subsidiaries have valid leases in all the real property set forth on Schedule 3.20(b).

  • Term and Renewals This Agreement is effective February 1, 2017 (“Effective Date”) and will continue for three (3) years. The Agreement may be renewed by Citizens for one (1), three (3) year renewal period upon prior written notice to Firm.

  • 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.

  • Agreement to Lease Landlord agrees to lease to Tenant and Tenant agrees to lease from Landlord, according to the terms and conditions set forth herein, the Premises.

  • Term and Renewal of Agreements The Agreement with TIPS is for three (3) years with an option for renewal for an additional one (1) consecutive year if both parties agree. TIPS may or may not exercise the one-year extension beyond the base three-year term and whether or not to offer the extension is at the sole discretion of TIPS. The scheduled Agreement termination date shall be the last date of the month of the last month of the agreement’s legal effect. Example: If the agreement is scheduled to end on May 23, the anniversary date of the award, it would actually be extended to May 31 in the last month of the last year the contract is active. No Agreement for goods or services with a TIPS Member by the awarded vendor named in this Agreement that results from the solicitation award named in this Agreement, may incorporate an automatic renewal clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated in an Agreement by the vendor with the TIPS Member shall only be valid and enforceable when the vendor receives written confirmation by purchase order, executed Agreement or other written instruction issued by the TIPS Member for any renewal period. The purpose of this clause is to avoid a TIPS Member inadvertently renewing an Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. This term is not negotiable and any Agreement between a TIPS Member and a TIPS awarded vendor with an automatic renewal clause that conflicts with these terms is rendered void and unenforceable.

  • Original Lease The single executed original of this Lease marked "THIS COUNTERPART IS THE ORIGINAL EXECUTED COUNTERPART" on the signature page thereof and containing the receipt of the Lessor therefor on or following the signature page thereof shall be the Original Executed Counterpart of this Lease (the "Original Executed Counterpart"). To the extent that this Lease constitutes chattel paper, as such term is defined in the Uniform Commercial Code as in effect in any applicable jurisdiction, no security interest in this Lease may be created through the transfer or possession of any counterpart other than the Original Executed Counterpart.

  • Initial Lease Term The Initial Lease Term is for a minimum of ten (10) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

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