Term; Renewal Terms. (a) Subject to the provisions of this Lease, Tenant shall have and hold the Demised Premises for an initial term (the “Initial Term” and, as extended in connection with one or more Renewal Terms, the “Term”), commencing on the date hereof (the “Commencement Date”) and ending on the last day of the calendar month in which the twentieth (20th) anniversary of the Commencement Date occurs (as the same may be extended in connection with one or more Renewal Terms, the “Expiration Date”).
Term; Renewal Terms. This Agreement shall be effective as of the Effective Date and shall expire on December 31, 2016, unless earlier terminated as provided for in Sections 6.2 and 6.3 hereof. The term of this Agreement automatically shall be extended for an additional five (5) year term unless either Party gives written notice to the other not less than 180 days prior to the end of the then current term that it does not desire to extend the term. Notwithstanding the foregoing, if the Practice elects to not extend the term of this Agreement, then the Company shall have the right to extend the term of this Agreement for two (2) extensions of one (1) additional Contract Year (each, a “One Year Extension”) by providing a written notice that must be delivered by the Company to the Practice within thirty (30) days after the Practice’s delivery of its notice not to extend this Agreement (each, an “Extension Notice”). For each One Year Extension, the Company agrees to pay an extension fee of *** to the Practice, which will be paid with the delivery of each Extension Notice.
Term; Renewal Terms. This Agreement shall commence on the Effective Date and expire on June 30, 2019 (the “Term”).
Term; Renewal Terms. The term of this Agreement shall commence on the execution hereof and shall continue until November 30, 2004 (the "Term"). TVN shall have the right to renew this Agreement, in its sole discretion, for two (2) additional two (2)-year periods (each a"Renewal Term"), upon TVN's delivery to 4MC of a renewal notice (a "Renewal Notice") at least nine (9) months prior to the expiration of the Term, or at least three (3) months prior to the expiration of the first Renewal Term, as applicable. Upon TVN's exercise of the first two (2)-year Renewal Term, the term of the Sublease shall expire on January 30, 2010 rather than January 30, 2005.
Term; Renewal Terms. The initial term of this Lease (the "Initial Term") will be for five (5) years, commencing on the date this Lease is signed by the Lessee. The Lease will terminate five (5) years after the commencement of the term. Lessee will have the option to extend the Initial Term for three (3) consecutive periods of five (5) years each (the "Option Periods"). Unless Lessee provides written notice to the Lessor at least sixty (60) days prior to the expiration of the Initial Term or the applicable Option Period, this Lease will automatically terminate. If the Lessee provides written notice of its intent to exercise an Option Period, the Lessor may amend or modify provisions of the Lease before accepting the written notice as may be in the best interests of the City of Xxxxxxxx (Lessor). Provided however, the Rent for each Option Period will be an amount agreed upon by Lessor and Lessee, as adjusted on the basis of the percentage increase in the U.S. Department of Labor Consumer Price Index for Urban Alaska (CPI-U) and as determined by the most recent published CPI figures. The base CPI figure for this Lease is 227.258. Base Rent for this Lease is the rent for the Initial Term is Six Hundred and Twenty-Eight dollars ($628.00) per year. The Initial Term and any Option Period during which Lessee occupies the Premises shall be collectively referred to as the "Term".
Term; Renewal Terms. The term of this Lease shall commence following the date of the execution of this Lease (the “Commencement Date”), Rent shall commence (the “Rent Commencement Date”) on October 1, 2002 and the term of the Lease shall end at noon on September 30, 2009 (the “Termination Date”). Tenant shall have the right following completion of the Tenant’s Work (as defined in Article III herein) to occupy the Premises and to open for business prior to the Rent Commencement Date in accordance with the provisions of Section 3.2 hereof. Provided Tenant shall then be in compliance with all of the terms and conditions of this Lease, Landlord grants to Tenant two (2) options to renew (each a “Renewal Option” and collectively the “Renewal Options”) the term of this Lease for a period of sixty (60) additional months each (each a “Renewal Term” and collectively the “Renewal Terms”). Tenant shall exercise each Renewal Option by delivering written notice of such election to Landlord at least two hundred seventy (270) days prior to the expiration of the term of this Lease then in effect. The renewal of this Lease shall be upon the same terms and conditions of this Lease, except (i) the Fixed Minimum Rent during each Lease Year of the first Renewal Term shall be an amount equal to the Fixed Minimum Rent payable for the most recent Lease Year increased by $.40 per square foot as increased annually during the initial term of the Lease (or $18.80 per square foot for Year 1, $19.20 per square foot for Year 2, $19.60 per square foot for Year 3, $20.00 per square foot for Year 4, and $20.40 per square foot for Year 5 of the first Renewal Term); and (ii) the Fixed Minimum Rent payable for the second Renewal Term shall be at ninety five percent (95%) of the Prevailing Rent, and the Base Year for purposes of Tenant’s Pro-Rata Percentage of Operating Expenses shall be revised from calendar year 2003 to the first full calendar year of the second Renewal Term. The Prevailing Rent shall be determined in accordance with the procedure set forth in the next paragraph. As used in this Lease, “Prevailing Rent” for the Premises shall mean the effective base rental rate per rentable square foot per annum, that would be received in arms’ length transactions by landlords renting comparable office space in comparable buildings (i.e., as to age, location and quality) in equally desirable parts of the downtown Nashville central business district to tenants in new direct (or, where applicable, similar renewal o...
Term; Renewal Terms. 30 8.2 Termination............................................. 30 8.4
Term; Renewal Terms. This Agreement shall commence on the Effective Date and shall expire on the 40th anniversary of the Effective Date unless earlier terminated as provided for in Section 8.2 hereof. ------------
Term; Renewal Terms. This Agreement shall commence on the date hereof and shall expire on the 40th anniversary hereof unless earlier terminated as provided for in Section 8.2 hereof. Unless earlier terminated pursuant to Section 8.2 hereof, the term of this Agreement shall be automatically extended for additional terms of five (5) years each, unless either party delivers to the other party, not less than twelve (12) months nor earlier than fifteen (15) months prior to the expiration of the preceding term, written notice of such party's intention not to extend the term of this Agreement.
Term; Renewal Terms. This Agreement shall commence on the Effective Date and shall expire on the tenth anniversary of the Effective Date, unless earlier terminated as provided for in Sections 5.2 and 5.3 hereof (“Term”). The Term of this Agreement shall automatically renew for up to two successive five year terms, unless either Party gives written notice to the other not less than 60 days prior to the end of the then current Term that it does not desire to extend the Term.
