Common use of During the Initial Term Clause in Contracts

During the Initial Term. During the Initial Term, the Lessee shall have the right of Early Termination of the Lease after three (3) years from the Commencement Date of the Lease, provided that the Lessee is not in a status of Default (as defined in Section 17 below). To effectuate Early Termination during the Initial Term, the Lessee shall comply with the Notification of Termination requirements stated in Section 3.D above.