Additional Renewal Term definition

Additional Renewal Term shall have the meaning specified in Section 5.1 of the Lease.
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Additional Renewal Term shall have the meaning specified in Section 5.1(a)(ii).
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Additional Renewal Term shall have the meaning given to that term in Section 2.1(c).
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Examples of Additional Renewal Term in a sentence

  • For the high speed case at Mach 0.78, the blade setting angles are 64.4◦ and 61.8◦ and for the nominal take-off condition at Mach 0.2, the blade setting angles are 40.1◦ and 40.8◦.

  • Upon receipt of Xxxxxx’s notice of its intent to renew this Lease for any Additional Renewal Term, Lessor and Lessee shall promptly (but no earlier than 16 months prior to commencement of the applicable Renewal Term) commence good faith negotiations to agree upon the Fair Market Rent.

  • If the Physician fails to timely send the Company a Rejection Notice, then this Agreement shall be extended for the First Renewal Term or any Additional Renewal Term, as applicable.

  • The First Renewal Term will be automatically renewed for additional periods of 1 (one) year each (each hereafter "Additional Renewal Term") (the Initial Term, the First Renewal Term and all successive Additional Renewal Terms will hereinafter be referred to as the "Term"), unless either (a) the Employee; or (b) the Company, decide not to renew the Term, and provided a written notice of the determination not to renew the Term is given subject to the Termination Notice Period.

  • The consulting agency must suggest “reasonable and prudent alternatives” when the biological opinion concludes that the action proves likely to jeopardize an endangered or threatened species.

  • Furthermore, Tenant shall have the right to renew this lease for an additional three (3) year term (the "Additional Renewal Term") commencing at the expiration of the third (3rd) Initial Renewal Term, exercisable by Tenant on no less than one hundred eighty (180) days' prior written notice to Landlord ("Renewal Notice").

  • The Additional Renewal Term shall be upon the same terms and conditions as this Lease; provided, however, that the Base Rent shall the Fair Market Rent, as determined in Section 35(a) hereof.

  • The Base Rent of the Additional Renewal Term, if applicable, shall be determined pursuant to Section 35(a) hereof.

  • The amounts which are payable during any Renewal Term or Additional Renewal Term in respect of Termination Value with respect to the Aircraft shall take into account the fair market sales value of the Aircraft as of the commencement of such Renewal Term or Additional Renewal Term, and shall be in the amounts set forth IN EXHIBIT C.

  • The first Additional Renewal Term shall commence on November 14, 2020 (“Additional Renewal Term Commencement Date”), upon the expiration of the Term expiring on November 13, 2020.


More Definitions of Additional Renewal Term

Additional Renewal Term has the meaning specified in Section 3.2 (BWS Renewal Options).
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Related to Additional Renewal Term

  • Renewal Term has the meaning set out in Section 9.1.

  • Renewal Terms means the renewal terms of a Property Schedule, each having a duration of one year and a term coextensive with Lessee's budget year.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Extension Term means the time period defined in §2.C.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Annual Renewal Date means the date in any calendar year, subsequent to the year in which the Policy comes into effect, corresponding numerically with the Policy Commencement date in that subsequent year.

  • Initial Term has the meaning set forth in Section 7.1.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

  • Additional Term means that term commencing on the last day of the Basic Term and terminating one (1) year thereafter.

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Additional Rental has the meaning set forth in Section 4.03.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Minimum Rent means the sum of Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Renewal Fee means the fee that Borrower must pay Coast upon renewal of this Agreement pursuant to Section 9.1 hereof, in the amount set forth on the Schedule.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.