TERMS AND EXTENSIONS Sample Clauses

TERMS AND EXTENSIONS. The initial term of this Lease shall be for a period of ten (10) years, commencing on January 7, 1986, and terminating on January 6, 1996, both dates inclusive (hereinafter referred to as the "initial term"). Provided Tenant is not in default of any terms of this Lease at the time Tenant notifies Landlord of the exercise of any option hereunder, Tenant shall have the option to extend and renew this Lease for five (5) successive periods of one (1) year each, the first of said period of renewal and extension shall commence on January 7, 1996, and terminate on January 6, 1997, (hereinafter referred to as the "first renewal term"). The second of said periods of renewal and extension shall commence on January 7, 1997, and terminate on January 6, 1998, hereinafter referred to as the "second renewal term"). The third of said periods of renewal and extension shall commence on January 7, 1998, and terminate on January 6, 1999, (hereinafter referred to as the "third renewal term"). The fourth of said periods of renewal and extension shall commence on January 7, 1999 and terminate on January 6, 2000, (hereinafter referred to as the "fourth renewal term"). The fifth of said periods of renewal and extension shall commence on January 7, 2000 and terminate on January 6, 2001, (hereinafter referred to as the "fifth renewal term"). The options to renew or extend herein contemplated shall be deemed exercised by Tenant without any action required by Tenant unless Tenant advises the Landlord, by certified mail, return receipt requested as hereinafter provided not less than six (6) months prior to the expiration of the term of the lease then in effect, that Tenant desires to terminate this Lease at the expiration of the term of the lease then in effect. Each such renewal term shall be upon the same terms, covenants and conditions, excluding rent, as provided in this Lease for the initial term. Any termination of this Lease during any term shall terminate any and all further rights of renewal or extension hereunder. 4. Paraxxxxx 0X xx the Lease, as amended, is hereby deleted in its entirety effective from and after January 7, 1996, and the following shall thereupon be substituted in the place and stead thereof: (1) The rent for the first renewal term shall be TWO HUNDRED FORTY THOUSAND ($240,000.00)
Sample 1
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TERMS AND EXTENSIONS. (a) The Term of this Agreement shall commence on the date of this set out in the opening paragraph hereof and shall terminate at midnight on the 1st day of February, 2001, unless the termination date is extended in accordance with the following paragraph. (b) The Contractor is granted the right to extend the termination date for five (5) years provided that the Contractor is not in default on any of its obligations to Licensor under the terms hereof or otherwise created and the financial condition of the Contractor to maintain a bonding capacity, is adequate to allow Contractor to perform its obligations hereunder during the extended term.
Sample 1

Related to TERMS AND EXTENSIONS

  • Defined Terms and Interpretation 1.1 In this Agreement, save where the context requires otherwise, the following words, terms and expressions shall have the following meanings:

  • Amendments and Supplements The Company shall prepare and file with the Commission such amendments, including post-effective amendments, and supplements to such Registration Statement and the prospectus used in connection therewith as may be necessary to keep such Registration Statement effective and in compliance with the provisions of the Securities Act until all Registrable Securities and other securities covered by such Registration Statement have been disposed of in accordance with the intended method(s) of distribution set forth in such Registration Statement or such securities have been withdrawn.

  • COMMON TERMS AND DEFINITIONS The parties agree to the following terms and definitions, and to those terms and definitions 12 which, for convenience, are set forth elsewhere in the Agreement.

  • Terms and Definitions The terms listed below shall have the respective meaning given them as set forth adjacent to each term.

  • SPECIAL TERMS AND CONDITIONS OF TRUST The following special terms and conditions are hereby agreed to: 1. The Bonds listed in the Schedule hereto have been deposited in trust under this Trust Agreement. 2. The fractional undivided interest in and ownership of a Trust represented by each Unit thereof is a fractional amount, the numerator of which is one and the denominator of which is the amount set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust. 3. The aggregate number of Units described in Section 2.03(a) for a Trust is that number of Units set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust.

  • Waiver of Terms and Conditions Failure to enforce any of the terms or conditions of this Agreement shall not constitute a waiver of any such terms or conditions, or of any other terms or conditions.

  • Amendments to Original Agreement The Original Agreement is hereby amended as follows: (a) Article 1 is hereby amended to add the following definitions are added in the correct alphabetical location:

  • ADDITIONAL TERMS AND CONDITIONS This Annex A to the Second Amended and Restated Servicing Agreement, dated October 31, 2021 (the “Agreement”), among Xxxxx Bank and Xxxxx Trust Company, as Sellers, the Bank Assets Purchaser and, upon execution of the Joinder Agreement, the Delaware Trust Assets Purchaser, as Purchasers, and Guarantor (solely for purposes of Section 9.5 of the Agreement), is incorporated into and deemed part of the Agreement in all respects.

  • Amended Terms On and after the Amendment Effective Date, all references to the Credit Agreement in each of the Loan Documents shall hereafter mean the Credit Agreement as amended by this Amendment. Except as specifically amended hereby or otherwise agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its terms.

  • Amendments and Modifications Upon the written consent of the Company and the Holders of at least a majority in interest of the Registrable Securities at the time in question, compliance with any of the provisions, covenants and conditions set forth in this Agreement may be waived, or any of such provisions, covenants or conditions may be amended or modified; provided, however, that notwithstanding the foregoing, any amendment hereto or waiver hereof that adversely affects one Holder, solely in his, her or its capacity as a holder of the shares of capital stock of the Company, in a manner that is materially different from the other Holders (in such capacity) shall require the consent of the Holder so affected. No course of dealing between any Holder or the Company and any other party hereto or any failure or delay on the part of a Holder or the Company in exercising any rights or remedies under this Agreement shall operate as a waiver of any rights or remedies of any Holder or the Company. No single or partial exercise of any rights or remedies under this Agreement by a party shall operate as a waiver or preclude the exercise of any other rights or remedies hereunder or thereunder by such party.

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