TERM - OPTION TO RENEW. (a) The Term of this Agreement starts on the Commencement Date and expires on the date stipulated on the Information Page.
(b) Provided that the Licensee:
(i) has not been during the Term of this Agreement and is not at the time of giving notice, in material default of any of its obligations under this Agreement (which default remains uncured at the time of the notice); and
(ii) gives the Licensor at least one hundred and twenty (120) days written notice prior to the end of the Term or a Renewal Term of the Licensee's intention to renew, the Licensee shall be entitled to renew for the Renewal Term(s) . Each Renewal Term will be governed by the same terms and conditions set out herein except for: (i) any further right to renew; and (ii) the License Fee, which will increase at the start of each Renewal Term by a percentage equal to the percentage of the increase in the Consumer Price Index from the Commencement Date or the start of the previous Renewal Term (if any) as the case may be, to the start of the applicable Renewal Term.
TERM - OPTION TO RENEW. (a) The Term of this Agreement starts on the Commencement Date and expires on the date stipulated on the Information Page.
(b) Provided that the Licensee [is not then in default beyond applicable cure periods] [NTD: Consider whether the Licensee should be permitted to renew if it was habitually in default during the Term/Renewal Term] of any of its obligations under this Agreement, this Agreement will automatically be renewed for the Renewal Term(s) unless the Licensee gives the Licensor at least one hundred and twenty (120) days written notice prior to the end of the Term of the Licensee’s intention not to renew. Each Renewal Term will be governed by the same terms and conditions set out herein except for: (i) any further right to renew, and (ii) the License Fee, which will increase at the start of each Renewal Term by a percentage equal to the percentage of the increase in the Consumer Price Index from the Commencement Date or start of the previous Renewal Term (if any) as the case may be, to the start of the applicable Renewal Term.
TERM - OPTION TO RENEW. Employees
TERM - OPTION TO RENEW. (a) The Term of this Agreement starts on the Commencement Date and expires on the date stipulated on the Information Page.
(b) Provided that the Licensee is not in default of any of its obligations under this Agreement, this Agreement will automatically be renewed for the Renewal Term(s) unless the Licensee gives the Licensor at least one hundred and twenty (120) days written notice prior to the end of the Term or a Renewal Term of the Licensee’s intention not to renew. Each Renewal Term will be governed by the same terms and conditions set out herein except for: (i) any further right to renew, (ii) Section 2(g), and (iii) the License Fee, which will increase at the start of the first Renewal Term (if any) by a percentage equal to the percentage of the increase in the Consumer Price Index from the Commencement Date and thereafter shall increase at the start of each year during each Renewal Term (if any) by a percentage equal to the percentage of the increase in the Consumer Price Index from the start of the previous year of the Renewal Term.
TERM - OPTION TO RENEW. (a) The Term of this Agreement starts on the Commencement Date and expires on the date stipulated on the Information Page.
(b) Provided that the Licensee is not in default of any of its obligations under this Agreement, this Agreement will be automatically be renewed for the Renewal Term(s) unless the Licensee gives the Licensor at least one hundred and twenty (120) days written notice prior to the end of the Term or a Renewal Term of the Licensee’s intention not to renew. Each Renewal Term will be governed by the same terms and conditions set out herein except for: (i) any further right to renew, (ii) Section 2(g), and (iii) the License Fee, which will increase at the start of each Renewal Term by a percentage equal to the percentage of the increase in the Consumer Price Index from the Commencement Date or the start of the previous Renewal Term (if any) as the case may be, to the start of the applicable Renewal Term.
TERM - OPTION TO RENEW. Landlord leases the Premises to Tenant and Tenant hires and takes the Premises from Landlord, for a term of five (5) Lease Years commencing on the first day of October, 2006 (the “Lease Commencement Date”) and expiring at midnight on the last day of the 60th month thereafter unless sooner terminated pursuant to the terms hereof. Tenant may at Tenant’s option, with one hundred eighty (180) days prior written notice to Landlord, terminate this Lease prior to its termination date, subject to Tenant’s payment to Landlord of a early termination fee equal to the present value of the remaining rental payments due to Landlord net of Tenant’s actual paid moving expenses. “
TERM - OPTION TO RENEW. (a) The initial term of this Lease shall be for three (3) years, beginning July 15, 1998 and continuing until July 14, 2001, unless earlier terminated as provided in paragraph 3 below.
(b) The Lessor hereby grants to the Lessee the option to renew and extend the original term for an additional term of three
TERM - OPTION TO RENEW. This Contract is effective on the date it has been signed by all parties and all required State of Oregon approvals have been obtained (“Effective Date”).
TERM - OPTION TO RENEW. The District and GE wish extend their existing Lease Agreement, first entered into August 7, 2008, for a term of four years, and extended on July 1, 2012 for an additional term of one year, for an additional period of four years commencing on July 1, 2013 and continuing through June 30, 2017, unless the term hereby demised shall be sooner terminated or extended as hereafter provided. Following the term of this Lease Agreement, and annually thereafter, the District shall have the annual option to extend
TERM - OPTION TO RENEW. This Sublease shall commence on the last to occur of (a) full execution of this Sublease by the parties and execution of Landlord's written consent to this Sublease (including the use provision), in the form attached, and (b) September 1, 2002 ("Commencement Date") and, subject to sooner termination in accordance with the terms of this Sublease, shall terminate Sixty Four (64) months after the Commencement Date (the "Term"), which Term is less than the remaining term under the Master Lease. If Landlord has failed to deliver its written consent to this Sublease, substantially in the form attached, by October 1, 2002, either party shall have the right to terminate this Sublease, by written notice delivered to the other party within ten (10) days of such date and prior to delivery of Landlord's consent, in which event this Sublease shall be of no further force and effect. If Subtenant is not and has not been in default under this Sublease, Subtenant shall have the option to extend the Term of this Sublease for one additional period equal to the remaining term of the Master Lease less two (2) weeks, by giving Sublandlord written notice thereof not more than twelve (12) or less than nine (9) months prior to the expiration of the initial Term. The terms and conditions of the Sublease as extended shall remain the same, except Monthly Rent, which shall be 95% of the then market Illegible for similar office space in the Snoqualmie Ridge submarket. Subtenant shall submit to Sublandlord, with its notice of option exercise, its proposal for such option period rent. If Sublandlord disagrees with Subtenant's proposal, it shall provide Subtenant with a counter proposal within twenty (20) days of receipt of Subtenant's proposal. If Subtenant disagrees with Sublandlord's counterproposal, it shall so notify Sublandlord within twenty (20) days of receipt thereof, and the Monthly Rent shall be determined as follows: Subtenant and Sublandlord shall each, within ten (10) days after notice from Subtenant, select a real estate agent with at least ten (10) years experience in the office market which includes the Premises, and each agent so chosen shall select a third with the same qualifications. The three so chosen shall determine Monthly Rent for the option term and convey their decision by written notice to the parties. No explanation, hearing or court-like proceedings are to be conducted. If the three agents are unable to agree on rent, the two closest rent determinations shal...
