Term and Renewal Option. The effective date of this lease shall be the date this lease is signed by the City. The term of the lease is 35 years, commencing on the effective date of the lease, unless sooner terminated. The City grants Lessee an option to renew this lease for one, successive period of 35 years. Lessee shall exercise this option, if at all, by written notice given to the City during the first six months of the last year of the underlying lease term.
Term and Renewal Option. This Contract is effective from January 1, 2003 through December 31, 2004. In no event shall the term exceed December 31, 2004.
Term and Renewal Option. The initial term of the Lease is ten (10) years from the date of said Lease (the "Term").
Term and Renewal Option. This Contract is effective from January 1, 2001 through December 31, 2002. At the discretion of the Offices the term may be extended for up to two additional years. In no event shall the term exceed December 31, 2004.
Term and Renewal Option. Unless terminated earlier, the term of this Agreement shall be for a period of five ( 5 ) years commencing on the Effective Date and terminating on January 6 , 20 10 ("Expiration Date") (the "Original Term"); provided, however, that VMRx shall have the option of extending the Original Term for three additional one (1) year terms ("Additional Terms") after the Expiration Date on the terms and conditions provided herein, such option to be effected by VMRx providing written notice to RxFS of its intent to extend the Original Term no later than thirty (30) days prior to the Expiration Date or, after the Expiration Date and during an Additional Term, by providing such written notice 30 days prior to the expiration date of the Additional Term, as applicable.
Term and Renewal Option. The initial term of the Lease is for a period of five (5) years commencing as of the expiration of the Development and Permitting Period (as defined in the Lease and which shall expire no later than ____________, 200_), with options to renew for up to eighteen (18) successive five-year terms and one (1) successive final four-year term.
Term and Renewal Option. The initial term of this Agreement shall ----------------------- commence on the Effective Date and end on the fifth anniversary of the Effective Date. MBE shall have the right to elect by written notice to the Company at any time between two (2) and six (6) months prior to the end of such initial term or any subsequent Renewal Period (as defined below), to notify the Company that MBE elects to seek to extend such term for additional two (2)-year periods (each a "Renewal Period") In the event of such election, MBE and the Company shall have -------------- a period of sixty (60) days in which to negotiate commercially reasonable Basic Fees, Bounty Fees and eBay Fees (and other applicable fees) ("Fee Schedule") ------------ under which the Company would be willing to renew this Agreement for such Renewal Period. If the parties are unable to reach agreement during such sixty (60) day period, either party may request that the Fee Schedule be submitted to arbitration pursuant to Section 18(m). If MBE notifies the Company of its intent to so renew prior to the end of such initial term or such Renewal Period, the term of this Agreement shall automatically be extended for the Renewal Period and, other than the Fee Schedule, all of the terms and conditions of this Agreement shall remain in full force and effect.
Term and Renewal Option. Unless terminated earlier, the term of this Agreement shall be for a period of three (3) years commencing on the Effective Date and terminating on April 21, 2002 ("Expiration Date") (the "Original Term"); provided, however, that eToys shall have the option of extending the Original Term for three additional one (1) year terms ("Additional Terms") after the Expiration Date on the terms and conditions provided herein, such option to be effected by eToys providing written notice to FBSI of its intent to extend the Original Term no later than one hundred eighty (180) days prior to the Expiration Date or, after the Expiration Date and during an Additional Term, by providing such written notice 180 days prior to the expiration date of the Additional Term, as applicable.
Term and Renewal Option. The term of this Contract shall be for a period of three (3) years commencing as directed by the Commissioner. In the event the Commissioner deems it necessary for the continuous operation of this Facility, this Contract may be renewed by the Commissioner under the same terms, conditions, and payment schedule, excluding any equipment and installation costs, for one (1) period of up to two (2) years. In no event shall the total number of renewal periods exercised pursuant to this Contract exceed two (2) year terms. This renewal option is to be exercised at the discretion of the Commissioner, being subject, however, to the cancellation provisions provided herein. The Contract terms and pricing remains fixed for the entire term of the Contract including the renewal option. The Contractor shall be notified in writing, any time up to fifteen (15) Days prior to the expiration of the original Contract, to renew this Contract beyond the current expiration date. The Contractor, upon renewal of this Contract, shall be required to submit PASSPort, Employment Reports, Doing Business Data forms, Subcontractor/Consultant Profile Data Sheet, Full Service Contracts and current insurance certificates and/or policies as required under the original terms and conditions of this Contract.
Term and Renewal Option. The initial term of this SMP is twelve (12) months, beginning on the Effective Date or date of Buyer’s Contract (“Initial Term”). Thereafter, this SMP shall automatically renew for additional terms of one year (each a “Renewal Term”), unless either party gives the other notice of its intention not to renew at least thirty (30) days prior to the expiration date of the Initial Term or any Renewal Term. Notwithstanding the foregoing, this SMP will automatically terminate upon expiration or termination of any license granted under the Agreement or any Related Agreement.
