Common use of Basic Lease Term Clause in Contracts

Basic Lease Term. Unless earlier terminated, the term of the Lease shall consist of a base term commencing on the Closing Date and ending the first to occur of: (a) March 1, 2019 (the “Scheduled Termination Date”); and (b) the date upon which the Lease is terminated pursuant to its terms. As described in Section 2.2 of the Lease, the first to occur of (a) and (b) shall be the “Termination Date.”

Basic Lease Term. Unless earlier terminated, the term of the Lease shall consist of a base term commencing on the Closing Date and ending the first to occur of: (a) March 1, 2019 the seventh (7th) anniversary of the Closing Date (the “Scheduled Termination Date”); and (b) the date upon which the Lease is terminated pursuant to its terms. As described in Section 2.2 of the Lease, the first to occur of (a) and (b) shall be the “Termination Date.”