Initial Lease Term means the initial lease term shown on the signature page of the Agreement.
Initial Lease Term. Four (4) years plus any additional days required for the Initial Expiration Date to occur on the last day of a month as set forth in Paragraph 2.5.2, below, beginning as of the Lease Commencement Date and ending as of the Initial Expiration Date.
Initial Lease Term. Two (2) years plus any additional days required for the Initial Expiration Date to occur on the last day of a month as set forth in Paragraph 2.5.2, below, beginning as of the Lease Commencement Date and ending as of the Initial Expiration Date.
Examples of Initial Lease Term in a sentence
Upon completion of the Agreement, in the event that the Customer opts to not purchase the Equipment, as described under Section 4.2, the Customer shall be responsible for any cost associated with the safe return of the Equipment to Miraclon within thirty (30) days from the end of the Initial Lease Term or any Renewal Term.
Unless either Party provides written notice of non-renewal to the other Party at least ninety (90) days prior to the end of the Initial Lease Term or Renewal Term (defined in this sentence) as the case may be, the term of the Agreement shall continue for a period of twelve (12) consecutive months (each a “Renewal Term”).
The Initial Lease Term together with any Renewal Term(s) shall be referred to as the Lease Term.
More Definitions of Initial Lease Term
Initial Lease Term means the Lease Term as defined in the Lease.
Initial Lease Term means the period of time specified in the Summary commencing at noon on the Commencement Date specified in the Summary and expiring at noon on the Expiration Date described in the Summary (the Initial Lease Term together with any extensions thereof is herein referred to as the “Lease Term”).
Initial Lease Term means the term of this Lease for any item of Equipment as set forth in the Addendum or Schedule relating to such item of Equipment.
Initial Lease Term means, with respect to each Schedule, the period beginning on the first day of the calendar month following the Acceptance Date for such Schedule and continuing for the number of months set forth following such term on the cover page of this Lease.
Initial Lease Term shall have the meaning set forth in Subparagraph 2.2(a). LOT A
Initial Lease Term. Commencing on the Commencement Date and ending on June 7, 2022.