Common use of Term; Renewal Clause in Contracts

Term; Renewal. (a) This Agreement shall be in effect, unless sooner terminated, until the fourth anniversary of the Effective Date (the “Initial Term”) and shall be automatically renewed for successive one-year terms (each, a “Renewal Term”) upon the expiration of the Initial Term and upon the expiration of each Renewal Term unless the Board of Directors or the Advisor elects not to renew. (b) If the Company elects not to renew this Agreement at the expiration of the Initial Term or any Renewal Term as set forth above, the Company shall deliver to the Advisor written notice the Company’s intention not to renew this Agreement not less than 90 days prior to the expiration of the then-existing term. If the Company so elects not to renew this Agreement, this Agreement shall terminate effective of the expiration date of the Initial Term or the then-current Renewal Term, as the case may be. The Company is not required to pay to the Advisor the Termination Fee if the Company terminates this Agreement pursuant to this Section 14(b). (c) No later than 180 days prior to the expiration of the then-existing term of this Agreement, the Advisor may deliver written notice to the Company informing it of the Advisor’s intention to decline to renew this Agreement, whereupon this Agreement shall not be renewed and extended and this Agreement shall terminate effective on the expiration date of the Initial Term or the then-current Renewal Term, as the case may be. The Company is not required to pay to the Advisor the Termination Fee if the Advisor terminates this Agreement pursuant to this Section 14(c). (d) If this Agreement is terminated pursuant to Section 14 or Section 16 of this Agreement, such termination shall be without any further liability or obligation of either party to the other, except as provided in Sections 6, 9, 10, 16, 17 and 18 of this Agreement. In addition, Sections 11, 12, 22 and 19 of this Agreement shall survive termination of this Agreement.

Term; Renewal. (a) 6.1 This Agreement shall be in effect, unless sooner terminated, until the fourth anniversary of will take effect on the Effective Date and will continue in full force and effect for the term (the “Initial "Term”") and as follows. The initial Term shall be automatically renewed for FIVE (5) consecutive years starting on the Effective Date. The second, third and all successive one-year terms (each, a “Renewal Term”) upon the expiration renewals of the Initial Term and upon shall be effected automatically on the expiration of each Renewal Term unless the Board of Directors or the Advisor elects not to renew. (b) If the Company elects not to renew this Agreement at the expiration of the Initial Term or any Renewal Term as set forth above, the Company shall deliver to the Advisor written notice the Company’s intention not to renew this Agreement not less than 90 days prior to the expiration elapse of the then-existing term. If current Term, without the action of anyone, subject to the right of the Company so elects not in each Term to renew this Agreement, this Agreement shall terminate effective of provide specific written notice to the expiration date of the Initial Term or Consultant that the then-current Renewal TermTerm shall be ended, as the case may be. The Company is provided such written notice shall be given not required to pay to the Advisor the Termination Fee if the Company terminates this Agreement pursuant to this Section 14(b). more than SIX (c6) No later and not less than 180 days FIVE (5) months prior to the expiration of date on which the then-existing term current Term would end and otherwise have been automatically renewed. In circumstances where such written notice has been duly and validly given, the then-current Term shall end on that date on which the then-current Term would have otherwise have been automatically renewed and, for greater certainty, thenceforth there shall be no further rights of nor automatic renewal. 6.2 Notwithstanding any other provision of this Agreement, the Advisor may deliver Consultant solely may, at any time during the Term, give one month's advance written notice to the Company informing it of its intention to terminate this Agreement and on the expiration of such period of written notice the provision of the Advisor’s intention Services to decline to renew this Agreement, whereupon be performed under this Agreement shall not terminate. Such notice may expire on any day of the month and any remuneration payable hereunder shall be renewed proportioned to the date of such termination. 6.3 The Company agrees to indemnify and extended save harmless the Consultant in respect of all claims for bodily injury or death, property damage, intellectual property infringement and for every other loss or damage arising from the conduct of any work by or any act or omission of the Consultant or any assignee, subtenant, agent, employee, contractor, invitee, or licensee of the Consultant, and in respect of all costs, expenses, and liabilities incurred by the Consultant in connection with or arising out of all such claims, including the expenses of any action or proceeding pertaining thereto. This indemnity and all other indemnities, holding harmless and other obligations of the Company in or pursuant to this Agreement shall terminate effective on forever survive the expiration date of the Initial Term expiry or the then-current Renewal Term, as the case may be. The Company is not required to pay to the Advisor the Termination Fee if the Advisor terminates this Agreement pursuant to this Section 14(c). (d) If this Agreement is terminated pursuant to Section 14 or Section 16 of this Agreement, such termination shall be without any further liability or obligation of either party to the other, except as provided in Sections 6, 9, 10, 16, 17 and 18 of this Agreement. In addition, Sections 11, 12, 22 and 19 of this Agreement shall survive termination of this Agreement.

Term; Renewal. The Lease is for a term of forty years (a40), beginning on the date TDI-NE exercises the Lease Option pursuant to the Lease Option Agreement dated July 17, 2015, but in no event later than July 17, 2018 (the “Commencement Date”) This Agreement shall be in effect, unless sooner terminated, until and terminating on the fourth forty year anniversary of the Effective Commencement Date unless the Initial Term shall sooner be terminated or extended under the provisions of this Lease. Provided that TDI-NE is not in default, TDI-NE shall have one (1) option to extend this Lease for an extension term of nine and one-half (9.5) years (the “"Extension Term," and collectively with the Initial Term”) and , the "Term"). The option shall be automatically renewed for successive onewithout any further act or deed by TDI-NE, unless TDI-NE provides the State with written notice not less than one year terms (each, a “Renewal Term”) upon prior to the expiration end of the Initial Term and upon the expiration of each Renewal Term unless the Board of Directors or the Advisor elects that it is not to renew. (b) If the Company elects not to renew this Agreement at the expiration of exercising said option. During the Initial Term or and any Renewal Term as such Extension Term, the rent shall be that set forth abovein Attachment B of this Lease. In the event that TDI-NE desires to continue the lease beyond the Extension Term, the Company it shall deliver to the Advisor written notice the Company’s intention not to renew this Agreement not notify VTrans no less than 90 days prior to the expiration of the then-existing term. If the Company so elects not to renew this Agreement, this Agreement shall terminate effective of the expiration ending date of the Initial Term or Extension Term. In such an event, the thenParties agree to negotiate in good faith concerning the terms of a replacement lease, if any. Should TDI-current Renewal TermNE, as with the case may be. The Company is not required State's consent, continue to pay to use and/or occupy the Advisor the Termination Fee if the Company terminates this Agreement pursuant to this Section 14(b). (c) No later than 180 days prior to Premises after the expiration of the thenExtension Term without having negotiated the terms of a new lease agreement, then this Lease shall be considered as renewed on a year-existing term of to-year basis and shall continue in effect from year to year upon the same terms and conditions as contained in this AgreementLease for Extension Term, the Advisor may deliver written notice subject to the Company informing it of the Advisor’s intention to decline to renew this Agreement, whereupon this Agreement termination as provided herein. This provision shall not be renewed apply to TDI-NE’s right to abandon the cables in place as provided for in Attachment A hereto, and extended and this Agreement which shall terminate effective on not result in the expiration date of the Initial Term or the then-current Renewal Term, as the case may be. The Company is not required obligation to pay to the Advisor the Termination Fee if the Advisor terminates this Agreement pursuant to this Section 14(c)any additional rents. (d) If this Agreement is terminated pursuant to Section 14 or Section 16 of this Agreement, such termination shall be without any further liability or obligation of either party to the other, except as provided in Sections 6, 9, 10, 16, 17 and 18 of this Agreement. In addition, Sections 11, 12, 22 and 19 of this Agreement shall survive termination of this Agreement.

Term; Renewal. The term of this Lease (athe "Term") This Agreement shall be in effectcommence on the date hereof (the "Commencement Date") and shall end on the fifth anniversary of the date hereof (the "Initial Term"), unless sooner terminated, until terminated in accordance with the fourth anniversary provisions hereof. If this Lease has not been terminated prior to the expiration of the Effective Date (the “Initial Term”) and shall be automatically renewed for successive one-year terms (each, a “Renewal Term”) then, upon the expiration of the Initial Term, subject to the provisions of Article XXXV, Lessee shall have the right to extend the Term and of this Lease for twelve additional five year periods (each, an "Additional Term") to follow immediately upon the expiration of each Renewal Term unless the Board of Directors or the Advisor elects not to renew. (b) If the Company elects not to renew this Agreement at the expiration of the Initial Term or any Renewal Term as set forth above, the Company shall deliver to the Advisor written notice the Company’s intention not to renew this Agreement not less than 90 days prior to the expiration of the then-existing term. If the Company so elects not to renew this Agreement, this Agreement shall terminate effective of the expiration date of the Initial Term or the then-current Renewal an Additional Term, as the case may be. The Company is option for each Additional Term shall be exercised by Lessee's giving written notice to Lessor of Lessee's exercise of such option not required to pay to the Advisor the Termination Fee if the Company terminates this Agreement pursuant to this Section 14(b). (c) No later less than 180 270 days prior to the expiration of the then-existing term of this Agreement, the Advisor may deliver written notice to the Company informing it of the Advisor’s intention to decline to renew this Agreement, whereupon this Agreement shall not be renewed and extended and this Agreement shall terminate effective on the expiration date of the Initial Term or the then-current Renewal an Additional Term, as the case may be. The Company If this Lease is extended, the word "term" as used herein shall mean and refer to each Additional Term for which Lessee's option is exercised and all of the terms, covenants, conditions and provisions of this Lease shall continue in full force and effect during each Additional Term (other than the number of Additional Terms which remain); provided, however, that if Lessor shall, within 30 days after Lessee's exercise of any of its extension options, notify Lessee that in Lessor's good faith judgment the Base Rent and Percentage Rent formulas set forth in this Lease do not required substantially reflect the then prevailing rents ("Fair Market REIT Rent") under leases made by REIT's of similar properties, then Lessor and Lessee shall in good faith mutually negotiate an agreement on the Base Rent and such formulas for such Additional Term. If Lessor and Lessee are unable to pay reach an agreement on the Base Rent and/or the Percentage Rent formulas within 30 days after the giving of Lessor's notice, then Lessor and Lessee shall each have the right to hire an appraiser with at least five years of relevant experience, and such appraisers shall either agree on the Fair Market REIT Rent or together hire a third appraiser with relevant experience whose decision shall be final. Notwithstanding anything to the Advisor contrary herein contained, Lessee's right to extend the Termination Fee Term of this Lease is expressly conditioned upon there being no Event of Default of Lessee either at the time of the giving of Lessee's exercise notice or as of the commencement of the Additional Term in question. Notwithstanding anything in this Lease to the contrary, upon a Disposition, this Lease shall terminate as to the Hotel which is the subject of such Disposition and Lessor and Lessee shall negotiate in good faith the Base Rent and Percentage Rent formulas to be applicable after such Disposition so that they substantially reflect Fair Market REIT Rent. Notwithstanding the foregoing provisions of this Section 1.2, if the Advisor terminates transactions contemplated by the Merger Agreement have not been consummated by December 31, 1998 Lessor shall have the right to direct Lessee to assign all of its rights and obligations under this Agreement pursuant Lease to such person as may be designated by Lessor, effective on the close of business on December 31, 1998, by delivering a written notice (the "Assignment Notice") to Lessee on or before November 1, 1998, indicating that, in the event such transactions have not been consummated, Lessor desires that Lessee effectuate such assignment and the party to whom such rights and obligations are to be assigned. If Lessor shall not have delivered an Assignment Notice on or before November 1, 1998, or if Lessor has delivered such notice but such assignment does not close on December 31, 1998, Lessee shall have the right to terminate this Section 14(c). Lease effective on the close of business on December 31, 1998, by delivering a written notice to Lessor on or before November 15, 1998, indicating that, in either such event, Lessee desires to terminate this Lease. In the event that Lessor delivers an Assignment Notice as described herein, (di) If this Agreement is terminated pursuant to Section 14 or Section 16 of this Agreement, such termination assignment shall be without any further liability representations or obligation warranties by Lessee, (ii) Lessor shall pay all costs associated with such assignment, and (iii) Lessor and Lessee shall cooperate and use their best efforts to effectuate the assignment of either party to the other, except this Lease provided for in such notice. If this Lease is assigned as provided for in Sections 6the Assignment Notice, 9effective upon the effective date of such assignment, 10Lessee shall be released of and from any and all actions, 16causes of action, 17 suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, extents, executions, claims, and 18 demands whatsoever, in law, admiralty, or equity against the Lessee which the Lessor ever had, now has or hereafter can, shall or may have, for, upon or by reason of any matter, cause or thing whatsoever related to this Agreement. In addition, Sections 11, 12, 22 Lease arising or accruing from and 19 after the effective date of this Agreement shall survive termination of this Agreementsuch assignment.

Term; Renewal. The term of this Agreement will begin on the "Effective Date", which for purposes of this Agreement shall have the same meaning and be deemed to occur simultaneously with the Effective Date defined in Section 4 of that certain Agreement and Plan of Reorganization between GBI and Representative of even date herewith, and will end on December 31, 2006, unless otherwise terminated or renewed as provided below. (a) This Either party may terminate this Agreement shall be in effectthe event of a material breach by the other party on ninety (90) days written notice specifying the breach, unless sooner terminated, until the fourth anniversary other party has cured the breach to the reasonable satisfaction of the Effective Date (notifying party within such notice period. Representative shall have a special right to terminate this Agreement, without cause, at the “Initial Term”) and shall be automatically renewed for successive one-end of any calendar year, commencing with the end of calendar year terms (each1997, a “Renewal Term”) upon the expiration by giving written notice to GBI of its intent to terminate not later than July 1 of the Initial Term year in which such termination is to be effective. As a condition to such termination, Representative shall make reasonable efforts to continue its marketing activities and upon to arrange for an orderly transition of all marketing and management responsibilities with respect to prospective Clients and Service Contracts to GBI or its designated successor representative(s) prior to the expiration effective date of each Renewal Term unless the Board of Directors or the Advisor elects not to renewsuch termination. (b) If This Agreement shall terminate automatically in the Company elects event that either party suffers or commits any of the following acts of default, unless such default is waived in writing by the non-defaulting party upon such assurances of cure and future performance as such non-defaulting party may reasonably request: (1) institutes voluntary proceedings under any bankruptcy or insolvency law or other law for the benefit of creditors or the relief of debtors, becomes the subject of involuntary bankruptcy proceedings instituted by other parties, and such proceedings are not dismissed within sixty (60) days of the commencement thereof, or is adjudicated bankrupt or insolvent in any legal proceedings, (2) makes a general composition, assignment for the benefit of its creditors, or other common-law or statutory arrangement for compromise of its indebtedness to general creditors, (3) is voluntarily or involuntarily dissolved, becomes the subject of any seizure or receivership affecting its ability to perform this Agreement, or ceases its business or materially curtails any part of the business activities contemplated by this Agreement, or (4) voluntarily transfers all or a substantial part of the employees, or conveys all or a substantial part of the assets or intangible rights necessary to perform this Agreement, without a permitted assignment of this Agreement to the transferee. Any termination under this subparagraph shall be without prejudice to any other right or remedy which the non-defaulting party may have as a result of such event or events, and shall not release the defaulting party from any damage claims arising under this Agreement as a result of such default unless otherwise agreed in writing. (c) The expiration or earlier termination of this Agreement shall not affect Representative's right to receive fees under Paragraph 5, above, with respect to any Service Contract concluded by GBI (i) prior to the effective date of such termination, or (ii) within a period of six (6) months after the effective date of such termination, if such contract is with any Client actively solicited by Representative during the term of this Agreement. Representative's rights to payment with respect to such Service Contracts shall continue at the agreed rate until the expiration or earlier termination of the contract term in force on the effective date of the termination of this Agreement or on the date of execution of such Service Contract, whichever last occurs, and shall not apply to any renewal or extension of such Service Contract other than by exercise by a Client of an option to renew this Agreement at the expiration on terms contained in such Service Contract or otherwise negotiated by Representative on behalf of the Initial Term or any Renewal Term as set forth above, the Company shall deliver to the Advisor written notice the Company’s intention not to renew this Agreement not less than 90 days GBI prior to the expiration of the then-existing term. If the Company so elects not to renew this Agreement, . GBI and Nicklaus shall be free to renegotiate any Service Contract subject to this Agreement shall terminate effective of the expiration date of the Initial Term or the then-current Renewal Term, as the case may be. The Company is not required to pay prior to the Advisor termination of Representative's rights hereunder, provided that Representative's rights to payment shall continue only as to the Termination Fee if the Company terminates this Agreement pursuant original compensation levels and stated term of such Service Contract, and shall not apply to this Section 14(b)any additional compensation or term extensions obtained by GBI or Nicklaus in such renegotiation. (cd) No later than 180 days prior to Upon the expiration of the then-existing initial term of this Agreement, Representative shall have the Advisor may deliver written notice to the Company informing it of the Advisor’s intention to decline option to renew this Agreement, whereupon Agreement for successive three (3) year terms subject to its satisfactory performance of its responsibilities to GBI under this Agreement shall not be renewed and extended and this Agreement shall terminate through the effective on the expiration date of such renewal. Any such option shall be exercised by Representative in a written notice given to GBI not later than July 1 of the Initial Term calendar year in which the initial term or then current renewal term expires. A renewal shall be effective automatically if due notice is given unless GBI makes a written objection to such renewal on or before its effective date, which objection shall state in reasonable detail the then-current Renewal Term, as reasons for GBI's dissatisfaction with Representative's performance and the case may beactions reasonably necessary for Representative to remedy the recited problems. The Company is not required delivery of a written objection to pay to renewal by GBI shall, if necessary, extend the Advisor the Termination Fee if the Advisor terminates this Agreement pursuant to this Section 14(c). (d) If this Agreement is terminated pursuant to Section 14 or Section 16 of this Agreement, such termination shall be without any further liability or obligation of either party to the other, except as provided in Sections 6, 9, 10, 16, 17 and 18 of this Agreement. In addition, Sections 11, 12, 22 and 19 term of this Agreement shall survive termination for a minimum period of this Agreementninety (90) days from the date of such notice, if such period is longer than the remaining stated term then in force, which extension is made for the purpose of allowing the parties to resolve the matters raised in such notice to their mutual satisfaction.

Term; Renewal. A. The term of this Lease (a) This Agreement hereinafter referred to as the "Term"), shall be in effectcommence on November 15, 2018 (hereinafter referred to as the "Commencement Date"), and shall terminate on January 31, 2023, unless sooner terminated, until the fourth anniversary of the Effective Date (the “Initial Term”) and shall be automatically terminated or renewed as provided for successive one-year terms (each, a “Renewal Term”) upon the expiration of the Initial Term and upon the expiration of each Renewal Term unless the Board of Directors or the Advisor elects not to renewherein. (b) If B. Lessee shall have the Company elects not option to renew this Agreement Lease for one (1) additional term of two (2) years (the "Renewal Term"), provided that: (1) Lessee is not in default at the expiration of the Initial Term or any Renewal Term as set forth above, the Company shall deliver to the Advisor time it exercises such option right; (2) Lessee gives written notice the Company’s intention not to renew this Agreement not less than 90 Lessor of its exercise of such option right at least three hundred sixty‑five (365) days prior to the expiration of the then-existing termthen current Term. If Such renewal period shall be upon the Company so elects not same terms and conditions of this Lease except that the Base Rent (as hereinafter defined) for the Premises shall be as set forth on the Rent Rider attached hereto as Exhibit "B". Lessee shall have no right to extend or renew this Agreement, this Agreement beyond the one (1) two (2) year Renewal Term and in the event Lessee shall terminate effective of fail to exercise timely its option with regard to the expiration date of the Initial Term or the then-current Renewal Term, Lessee's rights hereunder with regard to extending the Term shall immediately and irrevocably terminate. In the event the aforesaid option to renew is duly exercised, all references contained in this Lease to the Term, whether by number of years, number of months or otherwise, shall be construed to refer to the Term as extended, as aforesaid, whether or not specific reference thereto to such extension or renewal is made in this Lease. It shall be a condition of Lessee's right to exercise its option to renew that Lessee is in material compliance with all of the case may beterms and conditions of this Lease, both at the time of Lessee's exercise of its option to renew and at the time the Renewal Term is scheduled to commence. The Company is not required immediately preceding sentence may be waived by Lessor, in its sole discretion; it may not, however, be used by Lessee as a means to pay negate the effectiveness of Lessee's exercise of its option to the Advisor the Termination Fee if the Company terminates this Agreement pursuant to this Section 14(b)renew. (c) No later than 180 days prior to the expiration of the then-existing term of this Agreement, the Advisor may deliver written notice to the Company informing it of the Advisor’s intention to decline to renew this Agreement, whereupon this Agreement shall not be renewed and extended and this Agreement shall terminate effective on the expiration date of the Initial Term or the then-current Renewal Term, as the case may be. The Company is not required to pay to the Advisor the Termination Fee if the Advisor terminates this Agreement pursuant to this Section 14(c). (d) If this Agreement is terminated pursuant to Section 14 or Section 16 of this Agreement, such termination shall be without any further liability or obligation of either party to the other, except as provided in Sections 6, 9, 10, 16, 17 and 18 of this Agreement. In addition, Sections 11, 12, 22 and 19 of this Agreement shall survive termination of this Agreement.

Term; Renewal. The Parties agree that this Agreement will be for a one (a1) This year term commenced on the Agreement shall be in effect, unless sooner terminated, until the fourth anniversary of the Effective Date (the “Initial Term”) and shall be ). Thereafter, this Agreement will renew automatically renewed for successive one-terms of one year terms at Augustine Institute’s current rates (each, a “Renewal Term”), which shall be published at least ninety (90) upon the expiration days in advance of the Initial Term and upon end of the expiration then-current term, absent notice from either party of each Renewal Term unless the Board of Directors or the Advisor elects not to renew. (b) If the Company elects its intent not to renew this Agreement at the expiration of the Initial Term or any Renewal Term as set forth above, the Company shall deliver to the Advisor written notice the Company’s intention not to renew this Agreement not less than 90 least thirty (30) days prior to the expiration end of the then-existing current term. The current rate for any Renewal Term shall be published ninety (90) days prior to the end of the subscription period. (The Initial Term and any Renewal Term(s) are collectively the “Term.”). If the Company so elects Augustine Institute does not to renew this Agreement, this Agreement shall terminate effective publish revised rates ninety (90) days in advance of the expiration date of the Initial Term or the then-current Renewal Termterm, as the case may beannual rate will remain the same. The Company is not required This Agreement and all rights granted under this Agreement will automatically terminate without notice from Augustine Institute if the Parish: (a) breaches any term of this Agreement and fails to pay remedy the breach within sixty (60) days of receiving written notice of the breach from Augustine Institute; (b) attempts to assign, sublicense, transfer, or otherwise convey any of the rights granted to the Advisor the Termination Fee if the Company terminates Parish under this Agreement pursuant to this Section 14(b). without first obtaining Augustine Institute’s written consent; (c) No later than 180 days prior uses the YDisciple Licensed Materials in a manner in violation of, or otherwise inconsistent with, the restrictions imposed herein; or (d) uses the YDisciple Licensed Materials in a manner not expressly permitted by this Agreement. The Parish agrees that upon termination that no refund of any monies will be given. All rights granted by this Agreement, including, without limitation, the Parish’s right to use the expiration of the then-existing term YDisciple Licensed Materials, will expire upon termination of this Agreement, and upon termination, Xxxxxx agrees to immediately cease and desist from the Advisor may deliver written notice to the Company informing it use of the Advisor’s intention to decline to renew this Agreement, whereupon this Agreement shall not be renewed and extended and this Agreement shall terminate effective on the expiration date of the Initial Term or the then-current Renewal Term, as the case may be. The Company is not required to pay to the Advisor the Termination Fee if the Advisor terminates this Agreement pursuant to this Section 14(c)YDisciple Licensed Materials. (d) If this Agreement is terminated pursuant to Section 14 or Section 16 of this Agreement, such termination shall be without any further liability or obligation of either party to the other, except as provided in Sections 6, 9, 10, 16, 17 and 18 of this Agreement. In addition, Sections 11, 12, 22 and 19 of this Agreement shall survive termination of this Agreement.