Expiring Term definition

Expiring Term means, when used in the context of any Option to Renew, the Term as it is then scheduled to expire (immediately prior to exercise of the next available Option to Renew).
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Expiring Term means, at the time of reference, the Term as it is then scheduled to expire.
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Expiring Term means, when used in the context of any Option to Renew,
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Examples of Expiring Term in a sentence

  • Notwithstanding anything to the contrary contained herein, following any such relocation, neither the amount of Basic Rent payable by the Tenant hereunder during the Expiring Term nor the Tenant’s Share of Taxes, Operational Expenses or Annual Amortized Capital Expenditures payable by the Tenant hereunder during the Expiring Term shall be increased in the event that the gross rentable square footage of the substitute new premises is greater than that of the original Leased Premises.

  • If the option is properly exercised, the period to which it relates shall commence upon the end of the Expiring Term.

  • The periods to which these options relate shall respectively commence upon the end of the respective Expiring Term.

  • The respective options and the respective periods to which each option relates shall be consecutive and, if the respective option is properly exercised, the respective period to which it relates shall commence upon the end of the Expiring Term.

  • If the Option to Renew is properly exercised, the Renewal Term shall commence upon the end of the Expiring Term.


More Definitions of Expiring Term

Expiring Term means, when used in the context of the Option of Renew, the Initial Term. 1.29.
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Related to Expiring Term

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

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

  • Extension Date has the meaning specified in Section 2.19(b).

  • Expiration Date shall have the meaning set forth in Section 7(a) hereof.

  • Release Expiration Date means the date that is twenty-one (21) days following the date upon which the Company timely delivers to Executive the Release (which shall occur no later than seven (7) days after the Date of Termination), or in the event that such termination of employment is “in connection with an exit incentive or other employment termination program” (as such phrase is defined in the Age Discrimination in Employment Act of 1967, as amended), the date that is forty-five (45) days following such delivery date.