Term; Renewal Option. (a) Subject to the provisions hereof, Tenant shall have and hold the Leased Property for an initial term (“Initial Term”) which shall begin on the Commencement Date and shall end on the last day of the month in which the twentieth (20th) anniversary of the Commencement Date occurs. Except as otherwise expressly noted, the Term of this Lease shall also include any Renewal Term(s) properly exercised by Tenant as hereinafter provided.
(b) Provided that no Event of Default shall have occurred and be continuing and subject to the conditions hereinafter set forth, Tenant is hereby granted options (individually, a “Renewal Option” and, collectively, the “Renewal Options”) to renew the Term of this Lease for one or more Leased Properties which remain subject to this Lease at the time of notice and at the time of renewal (each Leased Property for which a Renewal Option is exercised by Tenant, a “Renewal Property”; and if more than one, the “Renewal Properties”) for up to thirty (30) years in consecutive periods of not less than five (5) years (nor more than ten (10) years) each, as determined by Tenant in its sole discretion (individually, a “Renewal Term” and collectively the “Renewal Terms”); provided that the Term of this Lease shall not extend for more than fifty (50) years, beginning on the Commencement Date of this Lease. Tenant shall not have the right to exercise its option to renew this Lease for any one or more Renewal Properties for more than one (1) Renewal Term at a time. All of the terms, conditions, covenants and agreements contained herein shall continue with equal force and effect with respect to any Renewal Terms created by the proper exercise by Tenant of its option to renew as contained herein; provided that the Basic Rent for each Renewal Property shall be determined as provided in Paragraph (e) of Article 4 below.
(c) The first Renewal Term shall commence at the expiration of the Initial Term, and each subsequent Renewal Term shall commence at the expiration of the prior Renewal Term. Tenant shall exercise its options to renew, if at all, by delivering notice of such election to Landlord not later than twelve (12) months prior to the expiration of the Initial Term or the expiration of the then current Renewal Term, as the case may be. IN ORDER TO PREVENT TENANT’S INADVERTENT FORFEITURE OF ANY THEN REMAINING RENEWAL OPTION, IF TENANT SHALL FAIL TO TIMELY EXERCISE ANY AVAILABLE RENEWAL OPTION, TENANT’S RIGHT TO EXERCISE SUCH RENEWAL OPTION SHALL...
Term; Renewal Option. The initial term of this Agreement will commence on the Closing Date and will end on the one year anniversary date thereafter (the “Initial Term”); provided, that, Purchasers will have the option to renew the term for one or more Services up to the period of time set forth in Schedule 2.1 (the “Renewal Term”) exercisable by written notice to Seller not less than 30 days before the expiration of the Initial Term (the Initial Term and the Renewal Term are collectively referred to as the “Term”). Notwithstanding the foregoing, the term period for a particular Service will end before the Initial Term to the extent set forth in Schedule 2.1, subject to Purchasers’ right to renew such period for the Renewal Term. The Fees charged by Seller will then be reduced by the amount applicable to such Services that so terminate, and if Purchasers have prepaid any such amounts, those amounts will be credited towards future invoices or refunded at Seller’s discretion.
Term; Renewal Option. The term of this Agreement will begin as of the Effective Date and, unless earlier terminated in accordance with this Section 4, will continue until the Scheduled Termination Date. Amazon will have the option to renew this Agreement for [***] additional [***] terms in its sole discretion, subject to Amazon providing Sun Country with at least [***] days’ prior written notice before the expiration of the then-current term.
Term; Renewal Option. 1. HER's right of use for each partial route shall have a term of ##MATERIAL OMITTED AND SEPARATELY FILED UNDER A REQUEST FOR CONFIDENTIAL TREATMENT## years, starting with the appropriate provision of the partial route. Only beginning with this date, HER's obligation for payment of the user fee shall be created.
2. Upon expiry of the contractual term of use, the agreement may be terminated by either party with a termination period of ##MATERIAL OMITTED AND SEPARATELY FILED UNDER A REQUEST FOR CONFIDENTIAL TREATMENT## months. Should the termination right be executed for more than ##MATERIAL OMITTED AND SEPARATELY FILED UNDER A REQUEST FOR CONFIDENTIAL TREATMENT## of the network length, the appropriate other party can require termination of the agreement also for the remaining partial routes.
3. The term of use for each partial route shall end after ##MATERIAL OMITTED AND SEPARATELY FILED UNDER A REQUEST FOR CONFIDENTIAL TREATMENT## years, without any termination being required.
Term; Renewal Option. The initial term of this Agreement shall commence on the Closing Date and shall end on the one year anniversary date thereafter, provided that, Buyer shall have the option to renew the term for one additional year exercisable by written notice to Seller not less than 30 days before the expiration of the initial term (the initial and renewal terms are collectively referred to as the "Term"). Notwithstanding the foregoing, the Term of this Agreement will end before the term described in the previous sentence with respect to any particular system application on that date that it has been installed in the Buyer's system hardware (a "Migration") and all Seller's responsibilities under this Agreement shall end with respect to such system application on each such date, so long as the Company no longer needs such assistance from Seller and has informed Seller of the same in writing. The Fees charged by Seller shall then be reduced by the amount applicable to such Services that end, and if Buyer and/or the Company had prepaid any such amounts, those amounts shall be credited towards future invoices or refunded at Buyer’s discretion.
Term; Renewal Option. (a) The Termination Date for the initial Term of the Lease, which has previously been established as March 31, 2018, remains unaffected by this Amendment and shall apply to the Expansion Premises as well as to the Initial Premises.
(b) Tenant shall continue to have the options set forth in Section 2.6 of the Lease to extend the Term of the Lease, at a minimum rental determined pursuant to Section 3.1(b) of the Lease, and otherwise upon all the terms and provisions applicable to the initial Term of the Lease, and such options shall apply to the entire Premises.
Term; Renewal Option. The term of this Agreement will begin as of the Effective Date and, unless earlier terminated in accordance with this Section 4, will continue for eight years (“Initial Term”). Amazon will have the option, in its sole discretion, to renew this Agreement for one additional two-year term, subject to Amazon providing Hawaiian with at least [***] notice prior to the expiration of the Initial Term. Following the expiration of such two-year renewal term, Amazon may also renew this Agreement for one additional three-year term upon mutual agreement with Hawaiian, provided that the pricing for any such renewal term will be [***]. With respect to such three-year renewal term Amazon will provide notice of its intent to renew this Agreement [***] of the Effective Date, in which event the Parties will meet in person at a mutually agreeable location within [***] to negotiate any changes to the Agreement in good faith.
Term; Renewal Option. (a) The term of this Lease shall be for a period of five (5) years beginning on the Commencement Date and expiring on March 31, 2006 ("Lease Term").
(b) Tenant at its option may extend the term of this Lease for up to five (5) consecutive extension term(s) of one (1) year each by serving written notice thereof upon Landlord at least six (6) months before the expiration of the initial lease term (or the prior extension term), provided that at the time of such notice and at the commencement of such extended term, no event of default, as defined in Article XXI of this Lease, shall have occurred. Upon the service of such notice and subject to the conditions set forth in the preceding sentence, this Lease shall be extended without the necessity of the execution of any further instrument or document. Such extended term shall commence upon the expiration date of the initial lease term (or the prior extension term), expire upon the annual anniversary of such date one (1) year thereafter, and be upon the same terms, covenants, and conditions as provided in this Lease for the initial term, except that the Base Rent payable during each extended term shall be at the prevailing rate for comparable space in the geographic area of
Term; Renewal Option. (a) The Termination Date for the initial term of the Lease shall remain unchanged and shall be applicable to the entire Premises.
(b) Tenant shall continue to have the option set forth in Section 2.6 of the Initial Lease to extend the initial term of the Lease, at the minimum rental set forth in Part II of Schedule 1 attached hereto and incorporated herein by this reference and otherwise upon all the terms and provisions applicable to the initial term of the Lease, for one (1) additional period of two (2) years, commencing upon the expiration of the initial Term of the Lease. The renewal option set forth in such Section 2.6 of the Lease may be exercised by Tenant or by any permitted assignee of Tenant’s interest under the Lease that is in possession of the Premises at the time of such exercise, but may not be exercised by or assigned to any subtenant of the Premises or any portion thereof.
