TERM AND SCHEDULED TERMINATION DATE Sample Clauses

TERM AND SCHEDULED TERMINATION DATE. The term of Employee's employment hereunder shall begin on the Commencement Date and shall continue for a term of three (3) years from the Commencement Date (this date of termination of his employment being referred to as the "Scheduled Termination Date"). However, as of each anniversary date of the Commencement Date, the Scheduled Termination Date shall automatically be extended for a successive one-year period of time, unless more than ninety (90) days prior to the occurrence of such anniversary date, either party gives notice to the other that such Scheduled Termination Date shall not thereafter be so extended. If any such notice is given, then the Scheduled Termination Date hereof shall not be automatically extended upon the future occurrence of any such anniversary date. Following the Scheduled Termination Date, the Employee shall not be entitled to earn any further compensation or benefits under this Agreement.
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TERM AND SCHEDULED TERMINATION DATE. The term of this Lease (the "Term") shall be for a period of twelve (12) years, commencing on 12:00 noon on the Commencement Date and will expire on the last day of the one-hundred forty fourth (144th) month following the Commencement Date which is the 30th of April , 2033 ("Scheduled Termination Date") unless otherwise agreed by the Parties in writing or subject to any early termination as permitted in this Lease. At the expiration of the tenancy hereby created, or upon any re-entry by Lessor into the Leased Property pursuant to any provision herein, Resident Curator will surrender the Leased Property and, all residents will vacate the Xxxxx/Enyedi House and Enyedi Studio and remove all of their possessions. Resident Curator does not have any right to extend or renew this Lease except as provided for herein.
Sample 1
TERM AND SCHEDULED TERMINATION DATE. The term of this Lease (the "Term") shall be for a period of twenty-nine (29) years, commencing on 12:00 noon on the Commencement Date and will expire on the last day of the three hundred forty eighth (348th) month following the Commencement Date ("Scheduled Termination Date"), which Scheduled Termination Date will be identified by the parties pursuant to Exhibit K unless otherwise agreed by the Parties and subject to early termination as described in this Lease. At the expiration of the tenancy hereby created, or upon any re-entry by Lessor into the Leased Property following an Event of Default (as hereinafter defined), Resident Curator will surrender the Leased Property, all Resident Curator employees, affiliates, attendees, occupants will vacate the Xxxxxxx Farmhouse. Resident Curator does not have any right to extend or renew this Lease except as provided for herein.
Sample 1
TERM AND SCHEDULED TERMINATION DATE. The term of Employee's employment hereunder shall begin on the date upon which the Corporation consummates its initial public offering as described in Section 1 above (the "Commencement Date") and shall continue for a term of five (5) years from the Commencement Date (this date of termination of his employment being referred to as the "Scheduled Termination Date"). However, as of each one-year anniversary date hereof, the Scheduled Termination Date shall automatically be extended for a successive one-year period of time, unless more than ninety (90) days prior to the occurrence of any one-year anniversary date hereof, either party gives notice to the other that such Scheduled Termination Date shall not thereafter be so extended. If any such notice is given, then the Scheduled Termination Date hereof shall not be automatically extended upon the future occurrence of any one-year anniversary date hereof. Following the Scheduled Termination Date, the Employee shall not be entitled to earn any further compensation or benefits under this Agreement.
Sample 1

Related to TERM AND SCHEDULED TERMINATION DATE

  • Termination of Consulting Period Notwithstanding any other provision hereof, the Consulting Period and Consultant’s services as a consultant hereunder shall terminate, and, except as otherwise specifically provided herein, this Agreement shall terminate:

  • Term Termination 8.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein.

  • Scheduled Termination Unless previously terminated, the Commitments shall terminate on the Commitment Termination Date.

  • Extension of the Termination Date (a) During the period from July 1, 2022 until the date that is 30 days prior to the then-applicable Termination Date, the Borrower may request by written notice (an “Extension Request”) made to the Administrative Agent (which shall promptly notify the Lenders thereof) one-year extensions of the Termination Date applicable to each Lender. Each Lender shall notify the Administrative Agent by the date that is 30 days after the Administrative Agent provides the Lenders with written notice of the Borrower’s extension request that either (A) such Lender declines to consent to extending the Termination Date or (B) such Lender consents to extending the Termination Date. Any Lender not responding within the above time period shall be deemed to have declined to extend the Termination Date. The consent of a Lender to any such extension shall be in the sole discretion of such Lender. The Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. For the avoidance of doubt and subject to the terms and conditions set forth herein, the Borrower may request an unlimited number of extensions pursuant to this Section.

  • Scheduled Termination of Commitments Unless previously terminated, the Commitments shall terminate on the Maturity Date. If at any time the Aggregate Maximum Credit Amounts or the Borrowing Base is terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.

  • Notice; Effective Date of Termination (a) Termination of Executive’s employment pursuant to this Agreement shall be effective on the earliest of:

  • Extension of Termination Date (a) No later than one year prior to the Termination Date then in effect, provided that no Event of Default shall have occurred and be continuing, the Borrowers may request an extension of such Termination Date by submitting to the Administrative Agent an Extension Request containing the information in respect of such extension specified in Exhibit I, which the Administrative Agent shall promptly furnish to each Bank. If, within 30 days of their receipt of an Extension Request, the Majority Banks shall approve in writing the extension of the Termination Date requested in such Extension Request, the Termination Date shall automatically and without any further action by any Person be extended for the period specified in such Extension Request; provided that (i) each extension pursuant to this subsection 2.16 shall be for a maximum of one year and (ii) the Commitment of any Bank which does not consent in writing to such extension within 30 days of its receipt of such Extension Request (an “Objecting Bank”) shall, unless earlier terminated in accordance with this Agreement, expire on the Termination Date in effect on the date of such Extension Request (such Termination Date, if any, referred to as the “Commitment Expiration Date” with respect to such Objecting Bank). If, within 30 days of their receipt of an Extension Request, the Majority Banks shall not approve in writing the extension of the Termination Date requested in an Extension Request, the Termination Date shall not be extended pursuant to such Extension Request. The Administrative Agent shall promptly notify (y) the Banks and the Borrowers of any extension of the Termination Date pursuant to this subsection 2.16 and (z) the Borrowers and any other Bank of any Bank which becomes an Objecting Bank. No Bank has an obligation to extend its Commitment pursuant to this Section 2.16 except in its sole discretion.

  • Term; Termination of Agreement This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

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