Term and Option to Extend. The initial term of this Lease will commence on the Effective Date and expire on the Expiration Date. The Tenant may extend the Term of this Lease for [two] additional [two]-year extension term(s), on all the same terms and conditions (except for Rent, which will increase during extension Terms as provided below) contained in this Lease, by notifying the Landlord in writing of the Tenant’s election to do so not less than 30 days before the expiration date of the then-current Term, as the case may be. The initial term and any applicable extension term are referred to in this Lease as the “Term.”
Term and Option to Extend. The term of this Contract begins on the contract date and ends upon the expiration of this Contract, as indicated on the cover of this Contract. County may extend the term at its sole option one or more times, for a total period no greater than 3 years, upon provision of written notice to Contractor no less than 90 days prior to the expiration of the then-current term. For example, the County could extend the term for:
Term and Option to Extend. 771 The Term of this Agreement shall commence July 1, 2025 (Commencement Date) and continue in full force for a 772 period of four (4) years, through and including June 30, 2029, unless the Agreement is extended in accordance with 773 this Section or terminated pursuant to Article 11. Between the Effective Date and Commencement Date, Contractor 774 shall perform all activities necessary to prepare itself to provide Services required by this Agreement on the 775 Commencement Date. 776 At the City’s sole discretion, the Term of this Agreement may be extended, for up to sixty (60) months after June 30, 777 2029 (i.e., until June 30, 2034), in one or more periods specified by the City. Such extensions shall be conditioned 778 upon Contractor’s achievement of the two (2) performance standards defined in Section 4.2, each of which may be 779 waived by the City in its sole discretion. If the City elects to exercise this option to extend the Term of this Agreement, 780 it shall give written notice of its election to Contractor one hundred eighty (180) Days prior to the then existing 781 expiration date specifying the number of months by which the City wishes to extend the Term. 782 The City has no obligation to renegotiate, renew, or extend the rights granted to Contractor beyond the initial four- 783 year (4-year) Term of the Agreement.
Term and Option to Extend. The Lease term shall be seven (7) years following the Commencement Date (the “Term”). Notwithstanding the previous sentence, the Term will always terminate on the last day of the eighty-fourth (84th) full calendar month following the Commencement Date. Lessee shall have one (1) option to extend the Term for five (5) years, pursuant to Rider No. One attached hereto.
Term and Option to Extend. The Term of this Agreement shall commence July 1, 2022 (Commencement Date) and continue in full force for a period of approximately ten (10) years, through and including June 26, 2032, unless the Agreement is extended in accordance with this Section or terminated pursuant to Section 10.2. At City’s sole discretion, this Agreement may be extended one or more times without amendment for a period of no more than five (5) additional years for a total Term that does not extend beyond June 30, 2037. If City desires to extend the Agreement, City shall provide the Contractor with written notice of its decision to extend the Agreement at least one (1) year before the expiration of the initial Term and at least six (6) months before the expiration of any extended term. Such notice by City shall specify the duration of the extension. Between the Effective Date and Commencement Date, Contractor shall perform all activities necessary to prepare itself to start providing services required by this Agreement on the Commencement Date.
Term and Option to Extend. 961 The Term of this Agreement shall commence March 1, 2015 (Commencement Date) and continue in full 962 force for a period of ten (10) years, through and including February 28, 2025, unless the Agreement is 963 extended in accordance with this Section or terminated pursuant to Article 14.Between the Effective 964 Date and Commencement Date, Contractor shall perform all activities necessary to prepare itself to start 965 providing services required by this Agreement on the Commencement Date. 966 At the CCCSWA’s sole discretion, the Term of this Agreement may be extended, for up to twenty‐four 967 (24) months after February 28, 2025 (i.e., until February 28, 2027), in one or more periods specified by 968 the CCCSWA. Such extensions shall be conditioned upon the Contractor’s achievement of the two 969 performance standards defined in Section 4.2, each of which may be waived by the CCCSWA, in its sole 970 discretion. If the CCCSWA elects to exercise this option to extend the Term, it shall give written notice 971 of its election to the Contractor, specifying the number of months by which it wishes to extend the 972 Term, one hundred eighty (180) Days prior to the expiration date then existing under this Agreement. 973 Prior to extending the Term, the Parties shall meet and confer to discuss depreciation of Collection 974 vehicle and Containers in service and future acquisition needs and related costs, if any. The Parties shall 975 agree on how depreciation and interest expenses shall be treated during the extension period. Parties 976 shall analyze whether, and if so, how much the depreciation and interest expenses may be reduced for 977 equipment that is fully depreciated and how to address depreciation and interest expense of any 978 equipment that will need to be purchased during the extension period under consideration. The 979 CCCSWA Executive Director shall make the final determination in the event any disputes arise regarding 980 depreciation and interest expenses during the extension period. 981 The CCCSWA has no obligation to renegotiate, renew, or extend the rights granted to Contractor beyond 982 the initial ten‐year (10‐year) Term of the Agreement. 983 4.2 Extension Conditions 984 Any extension to the Term of the Agreement is conditional upon Contractor meeting the following two 985 requirements, each or either of which may be waived by the CCCSWA:
Term and Option to Extend. 116 The Term of this Agreement shall commence August 1, 2015 (Commencement Date) and continue in full 117 force for a period of fifteen (15) years, through and including July 31, 2030, unless the Agreement is 118 extended in accordance with this Section or terminated in pursuant to Section 10.2. 119 At City’s sole discretion, this Agreement may be extended without amendment for a period of no less 120 than one (1) and no more than five (5) additional years for a total Term that does not exceed twenty 121 (20) years. If City desires to extend the Agreement, City shall provide the Contractor with written notice 122 of its decision to extend the Agreement at least one (1) year before the expiration of the Term. Such 123 notice by City shall specify the duration of the extension. 124 Between the Effective Date and Commencement Date, Contractor shall perform all activities necessary 125 to prepare itself to start providing services required by this Agreement on the Commencement Date.
Term and Option to Extend. (a) The Term of this Lease, which, subject to subparagraph 3(b) below, shall be for the period set forth in paragraph I above and shall commence on the date set forth in paragraph I above.
(b) Landlord hereby grants Tenant two successive options to extend the Term of this Lease for the Option Term set forth in paragraph 1 above, each such Option Term commencing upon the expiration of the then-existing Term of this Lease. Tenant may exercise the foregoing options by written notice to the Landlord at least one hundred eighty (180) but not more than two hundred seventy (270) days prior to the end of the then-existing Term of this Lease.
Term and Option to Extend. 135 The Term of this Agreement shall commence September 6, 2017 (Commencement Date) and continue in 136 full force for a period of ten (10) years, through and including September 4, 2027, unless the Agreement 137 is extended in accordance with this Section or terminated pursuant to Section 10.2. 138 The Term of this Agreement shall only be extended with the prior consent of both Parties. Should the 139 Parties choose to extend this Agreement, both Parties shall meet and confer no later than one (1) year 140 prior to the expiration of this Agreement to determine and specify the duration and terms of such 141 extension. Between the Effective Date and Commencement Date, Contractor shall perform all activities 142 necessary to prepare itself to start providing services required by this Agreement on the 143 Commencement Date. 144 Notwithstanding the above, City may at its sole discretion and with a six (6) month notice, require 145 Contractor to enter into a one (1) year extension of the Agreement without changes to its material 146 provisions.
Term and Option to Extend. A. Commencement Date and Term. Subject to the "Condition Precedent Regarding Environmental Law Compliance" set forth below, the term of this Agreement shall commence on the first day of the first month following MERA's notice to the Licensor that MERA has obtained all approvals necessary for MERA to be legally entitled to construct a facility for providing a public safety and emergency radio system (the "Commencement Date") and continue for a period of five (5) years, except in the case that such approvals are not obtained within five (5) years from the date of approval of this Agreement then this Agreement shall automatically terminate and be deemed null and void. MERA shall be permitted to occupy the License Space and commence construction of the MERA facilities upon receipt of all such approvals. Prior to receipt of all such approvals, and following full execution of this Agreement, MERA shall have the right to enter the License Space for the purpose of making appropriate engineering and surveys, inspections, soil test borings and other reasonable necessary tests.
