Term of Covenant Sample Clauses

Term of Covenant. This Declaration shall remain in full force and effect for as long as the compliance of the Property’s use with the Zoning Regulations relies on the continued control of the Required Parking Spaces, and the covenants contained herein shall be binding upon any future owners of the Property both individually and collectively.
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Term of Covenant. This Covenant shall continue as long as the Joint Services and Costs Obligation remains operative unless terminated in writing by WIG.
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Term of Covenant. For each infringement of a ParkerVision Intellectual Property Right alleged in a notice of infringement issued by ParkerVision to TI, the foregoing covenant of Section 5.4.1 shall be effective for a period of five (5) years following TI's receipt of such notice (the "Safe Harbor Period"), except that this covenant shall not apply to any ParkerVision patent claim beyond the five (5) year period triggered by the notice of infringement in which such patent claim is first asserted by ParkerVision. In the event that the discontinuation of an allegedly infringing product would create a materially adverse effect on TI's relationship with a TI customer, TI and ParkerVision shall negotiate in good faith an extension of the Safe Harbor Period.
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Term of Covenant. The term of this Covenant shall be perpetual starting from the date of issuance of the first certificate of occupancy for the Property for residential units.
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Term of Covenant. This voluntary covenant on the part of Owner shall remain in full force and effect and shall be binding upon Owner, the Tenant and their successors and assigns, for so long as AMO remains a tenant within Plantation Center. Upon the vacation of AMO as a tenant, the Owner shall record a notice of such vacation in the public records and this Declaration shall be terminated. A copy of the notice will be provided to the City within ten (10) days of recordation.
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Term of Covenant. This voluntary covenant on the part of the owner shall remain in full force and effect and shall be binding upon Owner, the Tenant and their successors and assigns, for so long as AMO, its assignees or subtenants, remains a tenant within Plantation Center and utilizes the premise as an office space as defined by City Ordinance No. 2156. Upon the vacation of AMO, its assignees or subtenants as a tenant, the Owner shall record a notice of such vacation in the public records and this Declaration shall be terminated. A copy of the notice will be provided to the City within ten (10) days of recordation. 2. Modified, the parties confirm and ratify the Declaration IN WITNESS WHEREOF, the undersigned parties have executed this Amendment as of the date set forth above. GXXX Development Florida LLC By: /s/ Nxxxxxx Xxxx Print: Nxxxxxx Xxxx As its: President I hereby certify that on this day, before me, an officer duly authorized in the State and County aforesaid to take acknowledgements, personally appeared Nxxxxxx Xxxx, known to be the persons described in or who has produced ___N/A___as identification and who executed the foregoing instrument and acknowledged before me that they executed the same for the purposes therein expressed.
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Term of Covenant. The covenant contained in this Agreement shall be effective as of the Effective Date and shall continue in full force and effect for three (3) years thereafter; provided, however, that with respect to Trade Secrets, the Recipient’s obligations of non-use, confidentiality and non-disclosure as set forth in this Agreement shall continue to survive after said five (5) year period to the greatest extent permitted by applicable law. These rights of the Discloser are in addition to those rights the Discloser has under common law or applicable statutes for the protection of trade secrets.
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Term of Covenant. The term of this Agreement shall commence on the Effective Date and shall terminate on the last day of the fiftieth (50th) year following the Effective Date.
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Term of Covenant. The provisions of this Declaration shall become effective upon its recordation in the Public Records of Miami-Dade County, Florida, and shall continue in effect for a period of thirty (30) years after the date of such recordation, unless this Covenant is released in accordance with terms in Section 6 below, or rendered null and void as provided in Section 3(d) above.
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Related to Term of Covenant

  • Term of Agreement This Agreement becomes effective upon the date of the last signature below ("Effective Date") and shall remain in effect until the completion of all obligations of both Parties hereto, or five years from the Effective Date, whichever comes first.

  • OPTION TO EXTEND THE TERM OF THE CONTRACT (MAR 2000)

  • Term of Company The Company commenced on the date the Certificate of Formation was properly filed with the Secretary of State of the State of Delaware and shall exist in perpetuity or until its business and affairs are earlier wound up following proper dissolution.

  • Term of Agreement and Renewals The Agreement with TIPS is for approximately three (3) years with an option for renewal for an additional one

  • Term of the Lease The lease begins at p.m. on (the “Check-in Date”) and ends at a.m. on (the “Checkout Date”).

  • Option to Extend Lease Term Landlord hereby grants to Tenant one (1) option ("Option") to extend the Lease Term with respect to the Premises on the following terms and conditions: (a) The Option shall give Tenant the right to extend the Lease Term for an additional ten (10) years (the "Extended Term"); (b) Tenant shall give Landlord written notice of its exercise of the Option no later than one hundred eighty (180)days, nor earlier than three hundred sixty (360), prior to the Termination Date; (c) Tenant may not extend the Lease Term pursuant to this Section 3.4 if Tenant is in default in the performance of any of the terms and conditions of this Lease and/or the Other Lease, which default continues after the expiration of any grace period and the giving of any notice, as provided in Article 16 below or in the Other Lease. Any notice of exercise of the Option given by Tenant while Tenant is in default shall be of no force and effect. The period of exercise of the Option shall not be extended for any period in which Tenant is unable to exercise an Option by reason of Tenant's default. If Tenant is in default on the date that the Extended Term is to commence, then Landlord may elect to terminate this Lease pursuant to Section 16.2.1, notwithstanding any notice given by Tenant of the exercise of the Option. (d) All terms and conditions of this Lease shall apply during the Extended Term, except that Base Rent for the Extended Term shall be determined in accordance with Section 5.1.2 below; (e) Once Tenant delivers notice of its exercise of the Option, Tenant may not withdraw such exercise and, subject to the provisions of this Section 3.4, such notice shall operate to extend the Lease Term. Upon the extension of the Lease Term pursuant to this Section 3.4, the term "Lease Term" as used in this Lease shall thereafter include the Extended Term and the Termination Date shall be the expiration date of the Extended Term.

  • Term of Contract The term of this Contract shall be one (1) year commencing on the last date of approval by DIR and Vendor. Prior to expiration of the original term, DIR and Vendor may extend the Contract, upon mutual agreement, for up to three (3) optional one-year terms. Additionally, the parties by mutual agreement may extend the term for up to ninety (90) additional calendar days.

  • TERM OF LEASE This Lease shall commence on the date of ________ and shall continue until its natural termination under this part on the date of ________ at 11:59 PM. After the date of termination, this Lease shall automatically renew and shall continue for the same term amount until Landlord or Tenant undertake cancellation of this Lease in writing. At the expiration of this Lease, Tenant shall be responsible for providing a forwarding address to Landlord to receive any funds owed or other notices.

  • Term of Agreement; Amendment This Agreement shall become effective as of the date first written above and will continue in effect for a period of three (3) years. This Agreement may be terminated by either party upon giving 90 days prior written notice to the other party or such shorter period as is mutually agreed upon by the parties. Notwithstanding the foregoing, this Agreement may be terminated by any party upon the breach of the other party of any material term of this Agreement if such breach is not cured within 15 days of notice of such breach to the breaching party. This Agreement may not be amended or modified in any manner except by written agreement executed by USBFS and the Trust, and authorized or approved by the Board of Trustees.

  • TERM OF FRAMEWORK AGREEMENT The Framework Agreement shall take effect on the Commencement Date and (unless it is otherwise terminated in accordance with the terms of this Framework Agreement or it is otherwise lawfully terminated) shall terminate at the end of the Term.

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