USE OF PROPERTY; TERM Sample Clauses

USE OF PROPERTY; TERM. The above described PropertyPremises may be entered upon and maintained by Licensee solely pursuant to this Agreement during the period beginning , 20 (the Effective Date) and continuing for a term of one ten (10) years, unless sooner terminated as provided herein (“Initial Term”). Subject to the terms and conditions set forth herein, the License shall thereafter automatically renew for additional one (1) year terms until terminated as provided herein (“Renewal Term”). Licensee and Licensor shall have the right to terminate this Agreement at any time by giving thirty (30) days prior written notice to the other party. At any time during the “Initial Term,” or a “Renewal Term,” either party may give notice in the manner provide herein to the other party that the term shall not automatically renew on the next renewal date. Time is expressly declared to be of the essence of this provision.
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USE OF PROPERTY; TERM. The Premises may be used and maintained by Licensee solely during the period beginning _______ (the Effective Date) and continuing for a term of five (5) years, unless sooner terminated as provided herein (“Initial Term”). Subject to the terms and conditions set forth herein, the License shall automatically renew for an additional one (1) year term until terminated as provided herein (“Renewal Term”). At any time during the “Initial Term,” or a “Renewal Term,” either party may give notice in the manner provide herein to the other party that the term shall not automatically renew on the next renewal date. Time is expressly declared to be of the essence of this provision.
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USE OF PROPERTY; TERM. The above described Property may be entered upon and maintained by Licensee solely during the period beginning March 1, 2018 (the Effective Date) and continuing for a term of ten (10) years, unless sooner terminated as provided herein (“Initial Term”). Subject to the terms and conditions set forth herein, the License shall automatically renew for additional ten (10) year terms until terminated as provided herein (“Renewal Term”). However, the term will be deemed reduced from the otherwise remaining term at the annual anniversary date of this agreement, to one additional year if the crossing is located on any portion of the right of way that as of the annual anniversary date has been approved by the Federal Railroad Administration for the resumption of freight operations. At any time during the “Initial Term,” or a “Renewal Term,” either party may give notice in the manner provide herein to the other party that the term shall not automatically renew on the next renewal date. Time is expressly declared to be of the essence of this provision.
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Related to USE OF PROPERTY; TERM

  • Use of Property The Property as defined herein shall be for the sole and exclusive use and occupation by the Tenant(s) and same’s exclusive family namely:

  • Use of Project Issuer does hereby covenant and agree that it will not take any action during the term of this Agreement, other than pursuant to Article IX of this Agreement or Article IX of the Indenture, to interfere with Company's ownership of the Project or to prevent Company from having possession, custody, use and enjoyment of the Project.

  • Lease of Property Landlord, for and in consideration of the covenants and agreements herein contained on the part of Tenant to be paid, kept, observed, and performed, hereby leases to Tenant, and Tenant hereby leases from Landlord for the Term (as hereinafter defined), the Property. Tenant’s use of the Property shall be in compliance with the terms of this Lease.

  • Use of Premises The Premises shall be used and occupied by Tenant and Tenant's immediate family, consisting of , exclusively, as a private single family dwelling, and no part of the Premises shall be used at any time during the term of this Agreement by Tenant for the purpose of carrying on any business, profession, or trade of any kind, or for any purpose other than as a private single family dwelling. Tenant shall not allow any other person, other than Tenant's immediate family or transient relatives and friends who are guests of Tenant, to use or occupy the Premises without first obtaining Landlord's written consent to such use. Tenant shall comply with any and all laws, ordinances, rules and orders of any and all governmental or quasi-governmental authorities affecting the cleanliness, use, occupancy and preservation of the Premises.

  • Use of Common Areas Tenant shall have the nonexclusive right (in common with other tenants and all others to whom Landlord has granted or may grant such rights) to use the Common Areas for the purposes intended, subject to such reasonable rules and regulations as Landlord may establish from time to time. Tenant shall abide by such rules and regulations and shall use its best effort to cause others who use the Common Areas with Tenant’s express or implied permission to abide by Landlord’s rules and regulations. At any time, Landlord may close any Common Areas to perform any acts in the Common Areas as, in Landlord’s judgment, are desirable to improve the Project. Tenant shall not interfere with the rights of Landlord, other tenants or any other person entitled to use the Common Areas.

  • Maintenance of Property The Company shall maintain, and shall cause each Subsidiary to maintain, and preserve all its property which is used or useful in its business in good working order and condition, ordinary wear and tear excepted and make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

  • SALE OF PROPERTY If the Premises is sold, the Tenant is to be notified of the new Owner, and if there is a new Manager, their contact details for repairs and maintenance shall be forwarded. If the Premises is conveyed to another party, the new owner: (check one) ☐ - Has the right to terminate this Agreement by providing days’ notice to the Tenant. ☐ - Does not have the right to terminate this Agreement.

  • Use of Products 3.28.1 In the performance of this contract, Consultant shall make maximum use of products containing recovered materials that are EPA-designated items unless the product cannot be acquired (i) competitively within a timeframe providing for compliance with the contract performance schedule; (ii) meeting contract performance requirements; or (iii) at a reasonable price.

  • Care of Property Buyers shall take good care of the property; shall keep the buildings and other improvements now or later placed on the Real Estate in good and reasonable repair and shall not injure, destroy or remove the property during the term of this contract. Buyers shall not make any material alteration to the Real Estate without the written consent of the Sellers.

  • Use of Proceeds The Company will use the net proceeds received by it from the sale of the Securities in the manner specified in the Prospectus under “Use of Proceeds.”

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