Common use of Basic Lease Term Clause in Contracts

Basic Lease Term. The basic lease term of this Project Lease for the Project (the "Basic Lease Term") shall commence on the Closing Date and shall terminate at 11:59 p.m. (New York City time) on January 3, 2028 (the "Basic Lease Term Expiration Date"), subject to earlier termination in whole pursuant to Section 10, 13, 14, 17 or 22 hereof.

Appears in 2 contracts

Sources: Project Lease Agreement (Ormat Technologies, Inc.), Project Lease Agreement (Ormat Technologies, Inc.)