First Renewal Term definition

First Renewal Term shall have the meaning set forth in Section 3.2.1.

First Renewal Term shall have the meaning given to such term in Section 14.2(a) of the Facility Lease.

First Renewal Term shall have the meaning set forth in Paragraph 2.1 of Schedule I.

Examples of First Renewal Term in a sentence

• If approved by the County Board of Commissioners, the First Renewal Term shall begin on the 1st day of January, 20 and shall end no later than the 31st day of December, 20 .

• If Shipper desires to extend the term of the Service Agreement for the First Renewal Term at the then current transportation rate(s), it shall notify Transporter in writing of its election at least six (6) months prior to the expiration of the Primary Term.

• If the Parties have executed either (i) a Service Agreement for the First Renewal Term or (ii) a Negotiated Service Agreement pursuant to the foregoing terms, then Shipper has the right to negotiate an extension of Shipper’s Firm Service during the last year of the First Renewal Term or the last year of the Negotiated Service Agreement, as applicable, in accordance with the following terms.

• In the event that Shipper elects to not negotiate an extension of the term as aforesaid or the Parties fail to execute a new Negotiated Service Agreement within the allotted time period, Shipper shall have the right to renew the Service Agreement for up to five (5) additional years ("First Renewal Term").

• Shipper’s election notice shall specify the term of the First Renewal Term, the applicable MDTQ, and Primary Receipt Point(s) and Primary Delivery Point(s).

More Definitions of First Renewal Term

First Renewal Term shall have the meaning specified in Section 5.1(a)(i).

First Renewal Term. The five (5) year period starting on the First Renewal Term Commencement Date, and

First Renewal Term has the meaning set forth in Section 2.5.

First Renewal Term has the meaning set forth in Section 29 of the Lease.

First Renewal Term has the meaning ascribed to such term in Section 4(b) of this Agreement.

First Renewal Term shall have the meaning set forth in Article 8.

First Renewal Term shall have the meaning specified in SECTION 15.1 of the Facility Lease.