Optional Renewal Term definition

Optional Renewal Term means an additional one year period that can extend the duration of these USAC Terms and Conditions at USAC’s sole discretion as described in Section 2 of these USAC Terms and Conditions.
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Optional Renewal Term means an additional one year period that can extend the duration of these USAC Standard Terms and Conditions, and that can be exercised at USAC’s sole discretion as described in Section 2 of these USAC Standard Terms and Conditions.
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Optional Renewal Term means an additional one year period that can extend the
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Examples of Optional Renewal Term in a sentence

  • Investigative Assignments Description Unit Base Term Price (Years 1-3) Optional Renewal Term Price (Years 4-5) Investigative Assignment Fee – this rate in inclusive of investigative time and travel, with the exception of mileage.

  • On a monthly basis, Vendor shall provide a report to USAC on the total spend against the Not-to-Exceed Amount for the Initial Term and each Optional Renewal Term.

  • Vendor is not obligated to provide Services under this MSA to the extent the Fees for such Services would exceed the Not-to-Exceed Amount for the then-applicable Initial Term or Optional Renewal Term if (i) it has complied with the two following paragraphs, and (ii) it notifies USAC immediately when the Not-to-Exceed Amount has been reached.

  • Vendor will provide a notice to USAC when Fees for the Initial Term or any Optional Renewal Term exceed sixty percent (60%) of the Not-to-Exceed Amount for the Initial Term or such Optional Renewal Term.

  • The proposed Optional Renewal Term rates are maximum (not-to- exceed) amounts, subject to the rate renewal process as described in the Draft Contract (Attachment A).

  • At the expiration of the Initial Term, County shall have the exclusive right to renew this lease for an additional Optional Renewal Term as defined on page 1 of this Lease under the same rates, terms, and conditions described in this Lease.

  • The balance (if any) of the security deposit remaining after application toward performing such obligations and curing such defaults shall be returned to Tenant within thirty (30) days after the expiration of the Term or Optional Renewal Term (as applicable) of this Lease.

  • Unless mutually agreed upon in writing by the parties, all provisions and conditions of the Initial Term and any Optional Renewal Term (together the “Term”) shall be the same.

  • Landlord may, at any time, place on or about the Premises any ordinary “for sale” sign; Landlord may at any time during the last thirty (60) days of the Initial Term, or Optional Renewal Term, under this Lease place on or about the Premises any ordinary “for lease” sign.

  • On the first day of each calendar month during the Term of the Lease Agreement (“Lease”), Tenant shall pay Landlord at the address listed above or at such location as Landlord may designate to Tenant in writing, Rent in the amount of $2,082 during the Initial Term, Optional Renewal Term, or month-to-month renewal period, as applicable.


More Definitions of Optional Renewal Term

Optional Renewal Term. As defined in Section 13.2.
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Optional Renewal Term has the meaning set forth in Section 4.1.
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Optional Renewal Term has the meaning set forth in Article I.
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Optional Renewal Term means any renewal term of this Agreement other than a Mandatory Renewal Term.
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Related to Optional Renewal Term

  • Renewal Term has the meaning set forth in Section 2.

  • 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.

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

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

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

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

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • 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.

  • 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.

  • Base Rent As defined in Section 3.1.

  • Renewal Date means the effective date of Renewal. The first Renewal Date shall be the date as specified in the Policy Schedule (which shall not be later than the first anniversary of the Policy Effective Date) and the subsequent Renewal Date(s) shall be the anniversary(ies) of the first Renewal Date. The relevant Renewal Date shall be specified in the notification of Renewal in accordance with Section 3 of Part 4.

  • Rental Period means the calendar period during which Government property is made available for nongovernmental purposes.

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

  • Minimum Rent means Fifty-Two Million Two Hundred Ninety-One Thousand Six Hundred Eleven and 00/100ths Dollars ($52,291,611.00), subject to adjustment as provided in Section 3.1.1(b).