Term; Option to Extend. Unless sooner terminated pursuant to the terms of this Agreement, the term of this Agreement shall commence on the Effective Date and shall continue until the later of (i) the third (3rd) anniversary of the Effective Date and (ii) the completion of all deliverables contemplated by the Project Plan and Exhibit B (such period during which this Agreement is in effect, the “Term”). The Parties may, by written agreement, extend the Term of this Agreement for an additional period of time.
Term; Option to Extend. (a) The term of this Lease shall commence and, unless sooner terminated as hereinafter provided, shall end on the dates respectively specified in the Basic Lease Information. If Landlord shall permit Tenant to occupy the Premises prior to the date of term commencement, such occupancy shall be subject to all the terms of this Lease. If Landlord, for any reason whatsoever, cannot deliver possession of the Premises to Tenant on the date of term commencement, this Lease shall not be void or voidable, nor shall Landlord be liable to Tenant for any loss or damage resulting therefrom, but in that event, rental shall be waived for the period between commencement of the term and the time when Landlord delivers possession to Tenant. The date of term expiration shall be extended by the number of days of delay in delivery of possession and any additional period required so that it will expire on the last day of a calendar month, and the commencement and expiration dates shall be confirmed in a Verification Memorandum in the form of Exhibit B executed by Landlord and Tenant promptly following delivery of possession. Notwithstanding anything to the contrary contained herein, if Landlord has not delivered the Premises to Tenant on or before 15 days after Tenaxx xxxivers duly executed counterparts of this Lease to Landlord, then Tenant shall have the right within 10 days thereafter to cancel this Lease, and upon such cancellation, Landlord shall return all sums theretofore deposited by Tenant with Landlord, and neither party shall have any further liability to the other.
(b) So long as Wind River Systems, Inc. or any Permitted Transferee (as defined in paragraph 12) is the Tenant hereunder, Tenant shall have one (1) option (the "Option") to extend the term of this Lease upon all of its terms and conditions except for Base Rent, which shall be the Fair Market Rent (defined below) for the Premises during the Option Period, which shall be determined as described below, and upon the other terms and conditions set forth in this paragraph (b). For the purposes of this paragraph 2, such extension of the term shall be referred to as the "Option Period." The Option Period shall be for a period of five (5) years commencing upon the expiration of the initial term.
(i) Tenant may exercise the Option by giving Landlord notice ("Option Notice") thereof not less than two hundred seventy (270) days before the expiration of the initial Lease term.
(ii) The Option Notice shall not be effec...
Term; Option to Extend. Unless sooner terminated pursuant to the terms of this Agreement, the term of this Agreement (the “Term”) shall commence on the Effective Date and shall continue until [*]. The Parties may, by mutual written agreement, extend the Term of this Agreement for an additional period of time.
Term; Option to Extend. This Agreement will remain in effect until ACG Processes three million tons of Sand for GFES. GFES has the option to extend this Agreement for two additional three million tons of Processed Sand once ACG Processes the initial three million tons of Sand for GFES. GFES must make such election in writing to ACG on or before GFES’ consumption of 2.6 million tons of Sand.
Term; Option to Extend. This Ground Lease shall be for a term of thirty (30) years, commencing upon the Effective Date, (the “Term”). Ground Lessee shall have two consecutive options to extend Term each for an additional ten-years on the same terms and conditions contained herein (each an “Extension Option”). Ground Lessee shall give written notice to Ground Lessor and the College of its election to exercise an Extension Option, in writing, not fewer than thirty (30) days prior to expiration of the then-current Term.
Term; Option to Extend. The initial term of this Lease shall commence on July 1, 1989 or such earlier date as the parties shall mutually agree upon. This date shall hereinafter be referred to as the "Commencement Date." The initial term of this Lease shall end at midnight on June 30th, 1999. Upon the condition that there is no default by Tenant in the performance of any provision of this Lease, Tenant may extend the term of this Lease for one (1) additional period of ten (10) years. Tenant shall exercise this option for an extended term by notifying Landlord in writing at least one hundred and eighty (180) days prior to the expiration of the initial term. If Tenant exercises the option to extend the term of this Lease, all of the terms and conditions set forth in this Lease shall continue to apply during the extended term, except that there shall be no privilege to extend the term of this Lease for any period of time beyond the expiration of the extended term.
Term; Option to Extend. 2 4. POSSESSION....................................................... 4 5. RENT............................................................. 5
Term; Option to Extend. 6.1 The term of this Lease shall be for a period of six (6) years commencing on July 1, 2004, and terminating on June 30, 2010.
6.2 Tenant shall have an option to extend the term of this Lease for a period of three (3) years which, if duly exercised, would extend the term from July 1, 2010 to June 30, 2013. Provided that no event of default as defined in paragraph 22 is then continuing , then if Tenant wishes to exercise its option it must give written notice of exercise to Landlord no earlier than July 1, 2008 and no later than June 30, 2009, which dates shall be strictly enforced. The option shall lapse and have no further force or effect if not duly and timely executed as provided herein. If due exercise of the foregoing option is given, then all of the terms and conditions of the Lease, including rent adjustments, shall be applicable as of July 1, 2010 and each year thereafter in accordance with the terms and conditions of this Lease. Notwithstanding any provision herein to the contrary, the option will have no force or effect unless Tenant also exercises a similar option in both leases between Tenant and Landlord for the premises at 000 Xxxxx Xxxxx Xxxxxxxxx and 000 Xxxxx Xxxxx Xxxxxxxxx, Xxxxx Xxxxxx, Xxxxxxxxxx and either both leases are extended or neither may be extended.
Term; Option to Extend. 2.1 The term of this Lease, and the Tenant’s obligation to pay rent under this Lease, shall commence at 12:00 Noon on September 9, 2023 (the “Commencement Date”). Tenant shall receive possession of the Leased Premises on the Commencement Date. Unless sooner terminated as provided in this Lease, the term shall end at 12:00 Noon on September 30, 2023 (the “Initial Termination Date”).
2.2 Tenant shall have the option to terminate the Lease at any point during the lease term by providing Landlord written notice of their intent to terminate the Lease with no less than ninety (90) days’ written notice to Landlord (“Termination Option”).
Term; Option to Extend. This Sublease shall commence on the Effective Date, and shall end on the date on which the Master Lease terminates. Sublessee is, subject to the terms of this Sublease, given the option to extend the term of the Sublease on all the provisions contained in this Sublease for a period of time which is equivalent to any Sublessor Option that is exercised by Sublessor, by giving written notice of exercise of each option to Sublessor within thirty (30) days after receipt of Sublessor's notice that it has exercised Sublessor's Options. Provided that, if Sublessee is in default on the date of giving notice of any option to extend the term of the Sublease, such option notice shall be totally effective, or if Sublessee is in default . on the date any extended term is to commence, such extended term shall not commence and -this Sublease shall expire at the end of the term then in effect. Sublessor hereby agrees to promptly provide Sublessee with a copy of any notification Sublessor delivers to Lessor regarding Sublessor's election to exercise, or to not exercise, any of Sublessor's Options.
