Examples of Second Renewal Notice in a sentence
Time is of the essence with respect to the giving of the Second Renewal Notice.
If the Company does not start negations with Shurgard within one month of the Second Renewal Notice, the Company shall be deemed to be testing the market to find an appropriate successor management company as of the notification of the Second Renewal Notice and Clause 9.3.3(d) shall apply mutatis mutandis, and in this respect, Renewal Reply Notice shall be read as Second Renewal Notice.
If Tenant shall fail to deliver to Landlord the First Renewal Notice or the Second Renewal Notice exactly as and when required under this Section, the Renewal Options shall terminate immediately and shall have no further force or effect.
In such event, Shurgard shall invite the Company by notice (“Second Renewal Notice”) to either (i) start negotiations on the Draft Renewal Agreement in accordance with Clause 9.3.3(b) or to (ii) test the market to find an appropriate successor management company in accordance with 9.3.3(c) and (d), it being understood that both Clauses shall be applied mutatis mutandis and that, in this respect, Renewal Reply Notice shall be read as Second Renewal Notice.
Landlord shall, within five (5) days of receipt of Tenant’s Second Renewal Notice, deliver a Lease amendment solely documenting the new terms for the Second Renewal Option as set forth above.
Within 30 days after receipt of Tenant's Initial Second Renewal Notice, Landlord shall advise Tenant of the applicable Base Rent rate for the Premises for the Second Renewal Term.
According to Indigenous representatives, the proposal of a web-based platform was premised on a reductionist and problematic understanding of Indigenous knowledge, which presupposes that knowledge can be kept in databases or, for that matter, in an online portal.
Within fifteen (15) days following receipt by Landlord of the Second Renewal Notice, Landlord shall deliver written notice to Tenant (the “Rent Notice”) of Landlord’s determination of the Fair Market Rate for the Premises applicable to the Second Renewal Term (“Landlord’s Determination”).
The Second Renewal Notice shall be deemed inoperative and of no force and effect unless Landlord shall receive within thirty (30) days of the Second Renewal Notice a written statement from Amoco Corporation, if it is the then guarantor of Tenant's obligations hereunder, consenting to the Second Renewal Notice.
Provided no default exists and Tenant is occupying the entire Premises at the time of such election, Tenant may renew this Lease for a second additional period of three (3) years (the “Second Extension Term”) on the same terms provided in this Lease (except as set forth below), by delivering written notice (the "Second Renewal Notice") of the exercise thereof to Landlord at least nine (9) months prior to the expiration date of the First Extension Term.