TERM OPTIONS. If the customer is switching service providers AND the customer is not purchasing support for Oracle VM, replace the statement above with the following:
TERM OPTIONS. The term of this Agreement shall commence on the date the product is first delivered and shall expire ten (10) years after the Effective Date; with Operator and/or Supplier having options to renew for (1) successive period of (10 ) years on the same terms and conditions contained herein, for a total of (20) years, if the options are taken by Operator/ and/or Supplier. Should Operator and/or Supplier renew for any additional term then said additional term shall be the same terms and conditions contained herein. Operator and/or Supplier shall exercise its option to renew for any additional (10 ) year term by sending Operator and/or Supplier written notice of the same within ninety (90) days, but before the expiration of the first renewal term.
TERM OPTIONS a. Initial Term: The initial term of this lease (herein referred to as the "initial term") shall commence on the date when the leased premises shall have been substantially completed as provided in paragraph 1 hereof or on ___________________, _______, whichever date shall occur later, and shall terminate at midnight on __________________, ________. Upon commencement of the term of this lease, LANDLORD and TENANT shall enter into a written agreement setting forth the commencement date, but the failure to execute such agreement shall not prevent the commencement of the term. TENANT'S obligation to commence payment of the rent provided in paragraph 3 hereof shall coincide with the commencement of the term of this lease; however, in the event the commencement date commences on any day other than the first day of any calendar month, TENANT shall pay to LANDLORD on the commencement of the term the proportionate amount of rent due for the balance of such month.
TERM OPTIONS. The Expiration Date of the Sublease is hereby extended until December 31, 2007, and the period from September 23, 2004 until such extended Expiration Date shall be referred to as the “Extended Term.” Additionally, Section 2(b) of the Sublease (except for the definition of Original Subtenant) and all references to an extension option in the Sublease are hereby deleted in their entirety.
TERM OPTIONS. If the customer is switching service providers AND the customer is not purchasing support for Oracle VM, replace the statement above with the following: In consideration of your certification that you entered into a Linux service support agreement with {insert current Linux service support provider} prior to October 25, 2006 and that you are switching from your current Linux service support provider to Oracle Linux support services, Oracle will extend the term of your Oracle Linux support. Your current {insert current Linux service support provider} service contract will expire on {insert current Linux service contract expiration date}; the term of your Oracle Linux support services acquired on this ordering document will expire on {insert Oracle Linux service contract expiration date}.
TERM OPTIONS. The term of this Agreement shall begin on the 15th day of October 2014, and shall end on the 14th of October 2018. County shall have the option to renew this Agreement for two (2) one year periods by giving Town notice of its intent to renew at least ninety (90) days prior to the end of the then current term, and entering into good faith negotiations for rental adjustment as set in Paragraph 2. Notwithstanding, during either of the renewal terms, County shall have the further option of terminating the occupancy and this Agreement by giving Town a minimum thirty (30) day notice of its intent to do so, with such termination to be effective on the final day of month for which notice is given. Provided that County is not then in default of this Agreement, this Agreement and the leasehold interest shall be deemed cancelled and terminated except for the provisions of Paragraph 12 of the Agreement, which shall survive termination.” Except as herein specifically amended, the provisions of the Agreement are reaffirmed.
TERM OPTIONS. (a) The Term of this Agreement shall commence on the date hereof and continue through January 31, 1999 (the "Term"), subject to UPN's option to terminate, as set forth in Paragraph 1(b) above and its option to extend, as set forth in Subparagraph (b) following.
TERM OPTIONS. (a) The term of this Sublease ("Term") shall commence on August 1, 2020 ("Sublease Commencement Date"), and shall expire at midnight July 31, 2022 ("Sublease Expiration Date"), unless sooner terminated or cancelled in accordance with the terms and conditions of this Sublease.
(b) Subject to the terms hereof, Subtenant shall have the option to extend the initial Term for one (1) year (the “Option Term”) under the terms of this Sublease. In order to exercise the Option Term, Subtenant shall (i) not be in default of this Sublease and (ii) deliver to Sublandlord an irrevocable written notice to extend on or before the sixtieth (60th) day prior to the Sublease Expiration Date If Subtenant provides a timely written notice, then the Term shall be extended an additional one (1) year. The monthly base rent payable during the Option Term shall be as set forth in Section 4. If Tenant does not exercise the Option Term within the relevant period, then the Option Term shall immediately lapse and be of no further force or effect and this Sublease will automatically expire on the then scheduled Sublease Expiration Date.
(c) If for any reason the term of the Primary Lease is terminated prior to the Sublease Expiration Date, this Sublease shall terminate on the date of such termination and Sublandlord shall not be liable to Subtenant for such termination.
TERM OPTIONS a. Initial Term: The initial term of this lease (herein referred ------------ to as the "initial term") shall commence on the date possession is given TENANT as provided in paragraph 1(a) hereof and shall terminate at midnight on December 31, 2006. Upon commencement of the term of this lease, LANDLORD and TENANT shall enter into a written agreement setting forth the commencement date, but the failure to execute such agreement shall not prevent the commencement of the term.
TERM OPTIONS. THREE YEAR: This Agreement is for a three (3) year term and is subject to annual price increases (not to exceed 3% annually) during any initial term. This Agreement will automatically renew for an additional one-year term on its anniversary date unless written notice is furnished by either party at least thirty (30) days prior to expiration. Upon any renewal period the price is subject to annual price increases (a maximum 7% annually) over the most recent years price. TWO YEAR: This Agreement is for a two (2) year term and is subject to annual price increases (not to exceed 5% annually) during any initial term. This Agreement will automatically renew for an additional one-year term on its anniversary date unless written notice is furnished by either party at least thirty (30) days prior to expiration. Upon any renewal period the price is subject to annual price increases (a maximum 7% annually) over the most recent years price. ONE YEAR: This Agreement is for a one (1) year term and will automatically renew for an additional one-year term on its anniversary date unless written notice is furnished by either party at least thirty (30) days prior to expiration.
