Renewal Option Period definition

Renewal Option Period. As defined in Section 19.1. Rent: Collectively, the Minimum Rent, Additional Charges and all other amounts payable under this Lease.
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Renewal Option Period has the meaning set forth in Section 4(A) of this Agreement.
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Renewal Option Period. As defined in Section 19.1. Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. Rent: Collectively, the Minimum Rent, Additional Rent, Additional Charges and all other amounts payable under this Lease. Rent Year: (i) For Pools 1, 2 and 3, a Lease Year, (ii) for Pool 4, the first Rent Year shall be the period commencing on the Commencement Date and ending on October 31, 2018, and each subsequent Rent Year shall be the period of twelve (12) full calendar months after the last day of the prior Rent Year, (iii) for Pool 5, the first Rent Year shall be the period commencing on the Commencement Date and ending on March 31, 2018, and each subsequent Rent Year shall be the period of twelve (12) full calendar months after the last day of the prior Rent Year, (iv) for Pool 6, the first Rent Year shall be the period commencing on the Commencement Date and ending on September 30, 2018, and each subsequent Rent Year shall be the period of twelve (12) full calendar months after the last day of the prior Rent Year, (v) for the Austin Facility, the first Rent Year shall be the period commencing on the Commencement Date and ending on September 30, 2018, and each subsequent Rent Year shall be the period of twelve (12) full calendar months after the last day of the prior Rent Year, (vi) for the Greenwood Facility, the first Rent Year shall be the period commencing on the Commencement Date and ending on March 31, 2018, and each subsequent Rent Year shall be the period of twelve (12) full calendar months after the last day of the prior Rent Year, (vii) for the Oak Park Facility, the first Rent Year shall be the period commencing on the Commencement Date and ending on February 28, 2018, and each subsequent Rent Year shall be the period of twelve (12) full calendar months after the last day of the prior Rent Year, and (viii) for the Nashville Facility, the first Rent Year shall be the period commencing on the Commencement Date and ending on October 31, 2018, and each subsequent Rent Year shall be the period of twelve (12) full calendar months after the last day of the prior Rent Year, (ix) for Pool 9, the first Rent Year shall be the period commencing on the Commencement Date and ending on March 31, 2018, and each subsequent Rent Year shall be the period of twelve (12) full calendar months after the last day of the prior Rent Year, (x) for Pool 10,...
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Examples of Renewal Option Period in a sentence

  • All insurances required by this Section shall be effective when Contract commences and shall remain in full force and effect during the Contract term and Renewal Option Period, if exercised, and any extension.Certificates of Insurance duly issued and certified by the insurance company and evidence of the payment of premiums shall be furnished to the Procurement Officer within ten (10) business days after notice of recommended Contract award.

  • If Tenant exercises any Renewal Option, all of the terms of this Agreement, other than any contractual provision governing a financial obligation between the City and Tenant, including Rent, and other Ballpark revenues, shall apply during the Renewal Option Period.

  • TheTenant’s rights and obligations pertaining to the Renewal Option Period aredescribed in Section 3 of this Lease.

  • Each Renewal Option Period shall commence the day immediately following the expiration of the Initial Term or previous Renewal Option Period, as applicable.

  • In consideration of the extension of the Option pursuant to each Renewal Option Period, Lessee shall pay to Lessor the Option Extension Fee within thirty (30) days of the commencement of each Renewal Option Period.

  • Project savings of approximately USD 0.49 million from the three components under the original project will be used to support additional investments.

  • Provided this Lease is in full force and effect on such date, Tenant shall have the right by written notice (the "First Renewal Notice") given to Landlord not later than eighteen (18) months prior to the Expiration Date (i.e. by November 30, 2016) to elect to extend the term of this Lease for a single twenty (20) year period (the "First Renewal Option Period") commencing on June 1, 2018 and ending on May 31, 2038.

  • In such event, the last day of the Second Renewal Option Period (i.e., May 31, 2048) shall be deemed the Expiration Date.

  • In such event, the last day of the First Rolling Renewal Option Period (i.e., May 31, 2028) shall be the Expiration Date.

  • Failure of the Contractor to submit and maintain the required Fidelity Bond coverage, including subcontractor coverage, throughout the term of theContract, and any Renewal Option Period, if exercised, will constitute an event of Default under the Contract.


More Definitions of Renewal Option Period

Renewal Option Period has the meaning given to that term in Section 3.5 hereof.
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Renewal Option Period has the meaning given to that term in Section 3.5 hereof. “Rent” means all Fixed Rental.
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Related to Renewal Option Period

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

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

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

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

  • 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.

  • Purchase Option Period As defined in Section 9.03(a) hereof.

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

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

  • Renewal Term has the meaning set out in Section 9.1.

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

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Non-Renewal Notice shall have the meaning set forth in Section 2.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

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

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

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

  • Renewal Notice As defined in Section 1.4(a).

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Recapture Period means the period commencing on the Effective Date and ending on the fifth anniversary of the last date that a Project owned by the Company is Placed in Service.

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

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

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

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

  • Nonrenewal Notice Date has the meaning specified in Section 2.03(b)(iii).