Third Renewal Term definition

Third Renewal Term shall have the meaning given to such term in Section 14.2(a) of the Facility Lease.

Third Renewal Term. The Five (5) year period starting on the Third Renewal Term Commencement Date, and ending on December 31, 2025

Third Renewal Term. The period described as such for a particular Facility as specified in Exhibit B hereto.

Examples of Third Renewal Term in a sentence

• For the avoidance of doubt, the aggregate maximum compensation payable to all providers during the Third Renewal Term, including this Amendment Period shall not change and shall not exceed the amount stated in Board Report 20-0624-PR3-1, as may be amended (“Total Maximum Compensation”).

• If Concessionaire extends this Agreement for one or more of the Renewal Terms, Concessionaire agrees to pay to the City as fixed Minimum Rent the following sums during the Renewal Terms: First Renewal Term shall be$25,000 per year; Second Renewal Term shall be $26,000 per year, and Third Renewal Term shall be $27,000 per year.

• The Third Renewal Term extends the Term of the Master Lease through December 31, 2026.

• A-1 of the Contract, Revised Statement of Work, is hereby amended to add the following new schedule for required quarterly reports due in the Third Renewal Term under Section I.

• Rent during the Third Renewal Term shall be equal to an annual rate of fifteen percent (15%) of the Purchase Price (compounded quarterly if Lessee fails to pay Rent currently as required by this Paragraph 3).

More Definitions of Third Renewal Term

Third Renewal Term shall have the meaning specified in Section 5.1(i) of this Lease. “Threshold Amount” shall mean Two Million Dollars ($2,000,000), provided that such amount shall be increased on every January 1 after the Closing Date in the same proportion (if any) as the CPI increases over such annual period.

Third Renewal Term. As a condition to the right to renew the Second Renewal Term (for years seven and eight) of the License (the “Third Renewal Term”), VIASPACE shall have achieved during the Second Renewal Term the following milestones as a condition to any such renewal: · A total of least four or more (including the above) fully-executed third party sales contracts for the sale of Giant King Grass shall have been entered into, pursuant to which VIASPACE is to be paid the aggregate amount of $1,000,000, with not less than $500,000 having been paid prior to renewal; · A total of at least four or more (including the above) growing locations of at least 40 hectares in total shall have been obtained and planted, which shall be subject to the reasonable satisfaction of VGE.

Third Renewal Term means the period of time beginning on the first day following the end of the Second Renewal Term and ending sixty (60) months thereafter.

Third Renewal Term shall have the meaning specified in Section 5.1(i) of this Lease.

Third Renewal Term has the meaning set forth in Section 30 of the Lease.

Third Renewal Term means July 1, 2021 to June 30, 2024.

Third Renewal Term shall have the meaning specified in Section 5.1.