Existing Term Clause Samples

Existing Term. Lessor and Lessee hereby confirm that the Term of the Lease currently expires on October 31, 2015.
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Existing Term. In the event that Tenant elects to lease Expansion Space 1 for the Existing Term, the Expansion Rent payable by Tenant for Expansion Space 1 shall be comprised of (i) Base Rent, including escalations, at the same per rentable square foot rate as is applicable to the initial Premises, and (ii) Additional Rent in accordance with the terms of this Lease, including, without limitation, the Base Year set forth in Section 5 of the Summary. In the event that Tenant elects to lease Expansion Space 1 for the Existing Term, Tenant shall be entitled to an allowance for the design and installation of improvements to Expansion Space 1 and/or other portions of the Premises in an amount equal to $20.00 for each usable square foot of Expansion Space 1.
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Existing Term. The Existing Term of MAS's services to the Bion Companies as an employee pursuant to the agreement of 2007 ('2007 Agreement') runs through December 31, 2008 ('Existing Term') during which Existing Term MAS's services to the Bion Companies shall be the primary employment of MAS as set forth in the following provisions: i) MAS shall provide his services to the Bion Companies as an employee of Bion. ii) During the Existing Term, MAS shall continue to serve as Director, President and General Counsel of Bion (and each of the Bion Companies), which positions may be altered as the Bion Companies engage/hire additional senior management personnel and iii) Bion and MAS will endeavor to hire replacements for MAS on or before September 30, 2008 so that an appropriate transition may take place on or before March 31, 2009.
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Related to Existing Term

  • Consulting Term Subject to the terms and conditions hereof, the Company agrees to retain the Consulting Director for a term of three (3) years commencing as of the date Consulting Director's retirement from the Board of Directors of the Company ("Effective Date"). The Company may not terminate the Consulting Director's service agreement prior to the end of the three-year term unless such termination is due to a Termination for Cause as defined herein.

  • Existing Term Lenders The undersigned existing Term Lender hereby irrevocably and unconditionally approves the Amendment and consents as follows (check ONE option): x to convert 100% (or such lesser amount as shall be allocated to such Lender by the Lead Arranger) of the outstanding principal amount of the 2016 Extended Term Loans held by such Lender into March 2017 Refinancing Term Loans o to have 100% (or such lesser amount as shall be allocated to such Lender by the Lead Arranger) of the outstanding principal amount of the 2016 Extended Term Loans held by such Lender prepaid on the Refinancing Draw Date and purchase by assignment the principal amount of March 2017 Refinancing Term Loans committed to separately by such Lender The total aggregate amount of the undersigned Lender’s existing 2016 Extended Term Loan commitments is $985,123.91. The Lead Arranger reserves the right to accept or reject in full or in part such amount in their allocations for the Amendment.

  • Surviving Terms The rights and obligations contained in Sections 7, 10, 12, 13, 17, 18 and 20 of this Agreement shall survive the termination of this Agreement.

  • Remaining Terms Except as stated herein, all other terms and conditions of the Agreement remain in full force and effect.

  • Controlling Terms In the event of any conflict or inconsistency between the terms of this Section 5 and the terms of the Escrow Agreement, the terms of the Escrow Agreement shall govern.