Term and Option. Minimum Service Period — 9 months — Commencing on the Distribution Date
Term and Option a. The Contract Period will be for a term concluding on 30 June <insert year> and will also include any extensions as referred to in clauses 4.2(b) and 4.2(c) below. This Contract continues for the Contract Period, unless terminated earlier in accordance with the provisions of this Contract.
b. NAFC may at its discretion extend the Contract Period for up to two (2) terms of up to one year each.
c. Regardless of any extensions to the Contract Period, this Contract will not continue beyond 30 June <insert year>.
d. If NAFC elects to extend the Contract Period it will give written notice to the Contractor at least 2 months before the expiry date, exercising its option to extend the Contract Period.
Term and Option a. The Contract Period will be for a term concluding on <insert date>, unless extended in accordance with clauses 4.2(c) and (d).
b. This Contract continues for the Contract Period, unless terminated earlier in accordance with the provisions of this Contract.
c. NAFC may in its absolute discretion exercise an option to extend the Contract Period for up to two terms of up to one year each. If NAFC elects to extend the Contract Period it will give written notice to the Contractor.
d. If NAFC makes an election to exercise its option to extend the Contract Period the Contractor can decide whether to accept or reject the extension.
Term and Option a. The Contract Period will be for a term concluding on <insert date>, unless extended in accordance with clauses 4.2(c) and (d).
b. This Contract continues for the Contract Period, unless terminated earlier in accordance with the provisions of this Contract.
c. NAFC may in its absolute discretion exercise an option to extend the Contract Period for up to two terms of up to one year each. If NAFC elects to extend the Contract Period it will give written notice to the Contractor at least two months before the expiry date of the current term. The Contractor cannot refuse the extension.
Term and Option a. The Contract Period will be for a term concluding on <insert date>, unless extended in accordance with clauses 4.2(c) and (d).
b. This Contract continues for the Contract Period, unless terminated earlier in accordance with the provisions of this Contract.
c. NAFC may in its absolute discretion exercise an option to extend the Contract Period for up to two terms of up to one year each. If NAFC elects to extend the Contract Period it will give written notice to the Contractor at least two months before the expiry date of the current term. The Contractor cannot refuse the extension.
d. If NAFC makes an election to exercise its option to extend the Contract Period less than two months before the expiry date of the current term, then the Contractor can decide whether to accept or reject the extension.
Term and Option. 4.1 The TERM of the INITIAL LEASE PERIOD shall be for One Hundred Twenty (120) months, commencing on the thirtieth day after the Lessee has use of the Premises, the "Lease Commencement Date".
4.2 If the Lease Commencement Date occurs on other than on the first day of the month, the Lessee will pay a pro rata rental for the portion of the month that the Premises are occupied by Lessee, based upon a full month's rental for a month containing 30 days.
4.3 It is anticipated that Lease Commencement date shall be approximately August 15, 1990. The Occupancy Date (approximately July 15, 1990) shall be established when a Certificate of Occupancy (temporary or final) is issued; or upon initial occupancy of premises by Tenant for Tenant fixturization, whichever occurs first. The representatives of Lessor and Lessee shall mutually agree to a date that occupancy will commence (or had commenced) and a letter executed by representatives of both Lessor and Lessee shall be appended to the Lease.
4.4 In the event Lessor has not completed the premises for Tenant fixturization by August 30, 1990, then Lessee shall have the right to (i) complete the Tenant Improvements pursuant to the plans and specifications therefor, in which event all costs incurred by Lessee in connection with such work shall be paid to Lessee by Lessor immediately upon demand therefor, (ii) terminate this Lease, which termination shall be effective thirty (30) days after notice of termination is delivered to Lessor by Lessee. Notwithstanding the foregoing, if the Lessor has diligently expended efforts to deliver possession of the premises, but was precluded by delays outside of his control, the above dates shall be reasonably extended.
4.5 Lessor does hereby grant to Lessee the Option to Extend the Term of this Lease for three (3) additional 60 month periods, commencing upon the expiration of the Initial 120 month Term, upon the following terms and conditions:
(a) Lessee shall give Lessor written notice at least 240 days prior to the expiration of the Initial Term, or any extended Term of this Lease, as applicable. Failure to give such written notice shall extinguish and make null and void the Option to Extend.
(b) The Option(s) are expressly conditioned upon Lessee's not being in default at the time notice of election to exercise the option(s) is given. Such default refers to any requirement under this entire Lease, which remains uncured by Lessee at the time notice is given, and for which the time in w...
Term and Option a. The Contract Period will be for a term concluding on <insert date>.
b. This Contract continues for the Contract Period, unless terminated earlier in accordance with the provisions of this Contract.
c. NAFC may at its discretion exercise its option to extend the Contract Period for up to two terms of up to one year each. If NAFC elects to extend the Contract Period it will give written notice to the Contractor at least two months before the expiry date of the current term. The Contractor cannot refuse the extension.
d. If NAFC makes its election to exercise its option to extend the Contract Period less than two months before the expiry date of the current term, then the Contractor can decide whether to accept or reject the extension.
Term and Option. This License Agreement may be terminated at any time by the City of Elmira; term of the Agreement shall be for one (1) year effective from June 15, 2021 and expiring on June 14, 2022. To cancel renewal of this Agreement, Singh must notify the City in writing of his election not to renew this Agreement no later than sixty (60) days prior to the expiration date of this Agreement or any subsequent renewal.
Term and Option. The term of this Agreement shall commence on the date upon which it is executed by all the parties hereto and shall terminate at the same time as the Joint Venture; provided, however, that Lafarge or the Company, as the case may be, shall have the right to require the Company to sell, and Lafarge to buy, PBL under the terms and conditions, and to the extent set forth in Section 13.5 of the Joint Venture Agreement.
