Options to Extend Term definition

Options to Extend Term. Two (2) renewal options of five (5) years each (each a "Renewal Term"), subject to the provisions of Section 2.02 hereof.
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Options to Extend Term shall be amended to add the following paragraph: 2. Section 5. “RENT”, shall be amended as follows:
Sample 1

Examples of Options to Extend Term in a sentence

  • The evaluation of the company’s performance, therefore, is no longer dependent only on traditional economic dimension, but must be performed according to a broader assessment, which takes into account the three essential components (triple bottom line): economic, social and environmental ones.For several years, the content of the Corporate Social Responsibility (CRS) has thus been at the center of discussions and debates in many Western countries.

  • Original Term for _24 Months, commencing the _15TH_ day of __JULY____ 1998 ______ Option(s) to Extend Term for _________ Months (each) (adjusted each year according to Article IV).

  • References herein to “Term” include the initial Term as defined in the Basic Lease Information and each Extended Term, if the Option(s) to Extend Term is timely exercised by Tenant pursuant to this Section.

  • TOTAL MONTHLY BASE RENT: Start $53,124.49; now should be $60,749.76 Annual CPI Increases:45/55/68 Buildings: 3% minimum/8% maximum annual increase Options to Extend Term: 45/55/68 Buildings: 2 periods of 5 years each.

  • Landlord and Tenant hereby agree to extend the Term for a period ten (10) years, from January 1, 2020, through December 31, 2029 (the “ Extended Term”), on the terms and conditions set forth in the Lease, as hereby amended by this First Amendment, unless sooner terminated as provided in the Lease.3.2 Remaining Options to Extend Term.

  • The term of this Agreement shall be from July 1, 2013 to June 30, 2014 unless terminated earlier in accordance with the provisions of Article 4 (Termination) below.3.2 Options to Extend Term.

  • The first sentence of Section 2b is hereby deleted and shall be replaced with the following: Options to Extend Term.

  • If Tenant exercises an Option to Extend Term, then all of the terms contained in this Lease shall continue in full force and effect during the applicable Extended Term, except with respect to the following: (a) Monthly Base Rent for such Extended Term shall be the amounts set forth for such Extended Term in the Basic Lease Information; and (b) the number of remaining Options to Extend Term, if any, shall be reduced by one (1).

Related to Options to Extend Term

  • Option to Extend has the meaning given that term in Section 2.13.

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

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

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

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Renewal Option has the meaning set forth in §12.1.

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • Compensation Options has the meaning ascribed in Section 8.1.

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

  • Option to Renew is defined in subsection 6.1 of this Agreement.

  • Fixed Term shall have the meaning given such term in Section 2.3.

  • Additional Term means that term commencing on the last day of the Basic Term and terminating one (1) year thereafter.

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Period of Extended Hire means any additional period that the Hirer wishes the Agency Worker to be supplied for beyond the duration of the original Assignment or series of assignments as an alternative to paying a Transfer Fee;

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

  • REO Extension As defined in Section 3.16(a).

  • First Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Option Period means the period during which an Option may be exercised.

  • Term of Agreement shall have the meaning ascribed thereto in Article 2 of this Agreement;

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

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

  • Term of the Agreement shall have the same meaning as provided for in Article 7 of this Agreement.

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

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.