Original Term definition

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

Original Term means the period from the Commencement Date until the end of the fiscal year of Lessee in effect at such Commencement Date.

Original Term shall have the meaning set forth in Section 2 below.

Examples of Original Term in a sentence

• Landowner shall have the option, per direction from Lessee to extend and renew the Original Term of this Agreement for up to two (2) periods of five (5) years each (the “Renewal Term”).

• Should Lessee fail to budget, appropriate or otherwise make available funds to pay Rental Payments following the then current Original Term or Renewal Term, this Agreement shall be deemed terminated at the end of the then current Original Term or Renewal Term.

• At the end of the Original Term and at the end of each Renewal Term until the maximum Lease Term has been completed, Lessee shall be deemed to have exercised its option to continue this Agreement for the next Renewal Term unless Lessee shall have terminated this Agreement pursuant to Section 3.03 or Section 10.01.

• Prior to expiration of the Original Term or subsequent renewal term, as applicable, RRC may extend this Contract, by written amendment, for up to three (3) additional one-year optional renewal terms.

• All amounts so advanced by Lessor shall constitute additional rent for the then current Original Term or Renewal Term and Lessee covenants and agrees to pay such amounts so advanced by Lessor with interest thereon from the due date until paid at a rate equal to the Contract Rate plus 5% per annum or the maximum amount permitted by law, whichever is less.

More Definitions of Original Term

Original Term means the period from the Commencement Date until the end of the fiscal year of Lessee in effect at the Commencement Date.

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.