Examples of Original Term in a sentence

The Commencement Date, Expiration Date and Original Term of this Lease are as specified in Paragraph 1.3.
Notwithstanding this covenant, if Xxxxxx fails to appropriate the Lease Payments for a Property Schedule pursuant to Section 6.06, such Property Schedule shall terminate at the end of the then current Original Term or Renewal Term.
The original term of the Lease shall be for a thirty year (99) period commencing on July 1, 2023 and terminating on June 30, 2053 (the "Original Term").
The total amount of fees to be paid under this Contract through the Original Term and extension terms, if any, (collectively, “Contract Term”) shall not exceed ONE MILLION, TWO HUNDRED FIFTY THOUSAND DOLLARS AND ZERO CENTS ($1,250,000.00).
Following expiration of the Original Term, unless and until Lessee or Lessor delivers a Notice of Termination in accordance with Section 13, the term of this Lease shall automatically be extended by successive one (1) year periods beginning on July 1st of the subject year and expiring on June 30th of the following year (individually and collectively, the "Extended Term").

More Definitions of Original Term

Original Term means, with respect to a Property Schedule, the period from the Commencement Date until the end of the budget year of Lessee in effect at the Commencement Date.

Original Term is defined in Section 2.1 below.

Original Term shall have the meaning specified in paragraph 12 hereof.

Original Term shall have the meaning set forth in Section 13.1.

Original Term means the period from the Commencement Date until the end of the fiscal year of Lessee in effect at the Commencement Date, as set forth in Section 3.2.

Original Term has the meaning set forth in Section 3.1.

Original Term means, with respect to each Lease, the period from the Commencement Date identified in the related Equipment Schedule until the end of the fiscal year of Lessee in effect at such Commencement Date.