Examples of Subsequent Renewal Term in a sentence
Upon completion of the Initial Term, this Agreement shall thereafter automatically renew for additional 12-month periods (each, a “Subsequent Renewal Term”), unless sooner terminated in accordance with this Agreement or written notice is given by one party to the other at least 90 days prior to the expiration of the Initial Term or any Subsequent Renewal Term, as applicable.
Upon completion of the Initial Renewal Term, this Agreement shall thereafter automatically renew for additional 12 month periods (each, a "Subsequent Renewal Term"), unless sooner terminated in accordance with this Agreement or written notice is given by one party to the other at least 90 days prior to the expiration of the Initial Renewal Term or any Subsequent Renewal Term, as applicable.
The Initial Term, Initial Renewal Term and any Subsequent Renewal Term are herein collectively referred to as the "Employment Period." Where the context permits, all references to the Company shall include an affiliate of the Company by which the Executive is employed.
The Initial Term and any Subsequent Renewal Term are herein collectively referred to as the “Employment Period.” Where the context permits, all references to the Company shall include an affiliate of the Company by which the Executive is employed.
The date on which the Employment Period is scheduled to expire, ------------ whether at the end of the Initial Term, the Initial Renewal Term or a Subsequent Renewal Term, if any, is called the "Scheduled Expiration Date" herein.
The Rent payable during any Subsequent Renewal Term shall be equal to the average of the Rent payable during the twelve (12) month period immediately preceding such Subsequent Renewal Term until the Fair Market Rental Value is determined, at which time the prior Rent payments shall be adjusted to take into account such determination.
Rent payable during any Subsequent Renewal Term shall be the Fair Market Rental Value for the Equipment as determined below.
Rent payable during any 2017 Lease Subsequent Renewal Term shall be the Fair Market Rental Value for the Equipment leased under such 2017 Lease, as determined below.
The Fixed Renewal Term will commence at the end of the Basic Term and a Subsequent Renewal Term will commence at the end of the Fixed Renewal Term or the preceding Subsequent Renewal Term, as the case may be.
The rental payable per annum during any Subsequent Renewal Term shall be the then Fair Market Rental Value for the Aircraft.