Option to Renew definition
Examples of Option to Renew in a sentence
Any price updates for these services are subject to the "Option to Renew" clause and the "Price Lists" clause.
Provided that Tenant is not, and at no time has been, in default during the Term under any of the covenants, terms, conditions, and provisions of this Lease, then Tenant shall have the option to renew this Lease, for two separate five (5) year option periods, provided that, in order to exercise this Option to Renew, Tenant is required to give to Landlord written notice thereof not less than six (6) months before the date of expiration of the Term of this Lease or during any option period.
The Board will pay 85% of the Board approved Hospitalization/Major Medical premium for single individuals and family coverage.
The anticipated term of contracts was six months (January 1, 2019-June 30, 2019) with an Option to Renew for three additional one-year terms.
AHCCCS may terminate this contract pursuant to Section D, Paragraph 1, Term of Contract and Option to Renew.