Extension Term Provisions Sample Clauses

Extension Term Provisions. Each Extension Term shall be on all of the same terms and conditions set forth in the Lease and applicable to the Initial Term, except:
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Extension Term Provisions. Each Extension Term shall be on all of the same terms and conditions set forth in the Lease and applicable to the Initial Term, except the Base Rent payable by Tenant during a particular Extension Term shall be equal to the greater of (i) the Base Rent immediately prior to the Extension Term or (ii) ninety-five (95%) percent of the fair market rental for the Premises, as of the date which is two hundred seventy (270) days prior to the commencement of such Extension Term. At least two hundred ten (210) days prior to the commencement of the applicable Extension Term, Landlord shall notify Tenant of the Base Rent to be charged during that Extension Term, based upon the fair market rental as calculated below. All provisions for the payment of Additional Rent shall continue to apply without limitation except as otherwise provided. The “fair market rental value” shall be determined as follows: Following receipt by Landlord of Tenant’s notice of Tenant’s exercise of the option to extend for such Extension Term, Landlord shall notify Tenant of the “fair market rental value” of the Premises as of the New Rental Valuation Date. The parties agree that fair market value shall be determined by taking into account the Tenant Work or any other improvements made by Tenant to the Premises, and that there shall be no break in the rent stream for lease-up time, construction time, free rent or other lease procurement costs, and shall otherwise take into account all other matters relevant to the leasing of the Premises, including the net nature of the Lease. If Tenant disagrees with Landlord’s determination, Tenant shall, within thirty (30) days after receipt of Landlord’s determination, notify Landlord that Tenant disputes Landlord’s determination and shall submit to Landlord with such notice Tenant’s good faith determination of the fair market rental value and the annual Base Rent. In the event Tenant notifies Landlord that Tenant disputes Landlord’s determination, then Landlord and Tenant shall attempt to agree upon the fair market rental value. If Landlord and Tenant fail to reach agreement within thirty (30) days following Tenant’s notice to Landlord disputing Landlord’s determination (“Outside Renewal Agreement Date”), then each party shall, within fifteen (15) days of the Outside Renewal Agreement Date, mutually agree upon an appraiser who is a member of the Appraisal Institute and who has at least five (5) years experience in the appraisal of office buildings in the Mx...
Extension Term Provisions. The Extension Term shall be on all of the same terms and conditions set forth in the Lease and applicable to the Initial Term, except Tenant shall have no further option to extend the Term following the Extension Term, and the Annual Rent payable by Tenant for the Extension Term shall be as follows: Lease Years PSF Monthly Installment Annual Amount 4 - 6 $26.16 $16,687.90 $200,254.80 Initials: Landlord Tenant ICM: 09/18/02 FORM: AmberJc2.meb Rev. 09/18/02 MTNT-Msty-Office G+TE – AJ Lease F:\wpdata\meb2\Leases\ValeritasLse3.doc 10/16/09 5:30p.m. 18
Extension Term Provisions. The Extension Term(s) shall be on all of the same terms and conditions set forth in the Lease and applicable to the Initial Team, except Tenant shall have no further option to extend the Term following the second Extension Term, and the Annual Rent payable by Tenant for the Extension Terms shall be as follows:
Extension Term Provisions. The Extension Term shall be on all of the same terms and conditions set forth in the Lease and applicable to the Initial Term, except Tenant shall have no further option to extend the Term following the Extension Term and the Base Rent payable by Tenant to Landlord for the Extension Term shall be at the annual amounts and for the periods and be payable in monthly installments as follows: Per Period Square Foot Monthly Installment Annual Amount ------ ----------- ------------------- ------------- Lease Years 11-15 $46.23 $17,336.25 $208,035.00 Initials: -------- Landlord ------ Tenant RESTRICTIVE COVENANT AND PROHIBITED USE RIDER Date of Lease: , 2004 Landlord: 724 R202 Associates, L.L.C. Tenant: Harvey Electronics, Inc. Premixxx: Building #4A Bxxxxxxxxxx Xxxxx Xxxxxx Xxxxxxxxxxx, Xxx Xxxxxx Xxxxxxxxx xxx xxx xxxtrictive covenants presently in effect, and uses prohibited, with respect to the Premises and/or the Shopping Center:
Extension Term Provisions. The Extension Term shall be on all of the same terms and conditions set forth in the Lease and applicable to the Initial Term, except that the Base Rent payable by Tenant to Landlord during the Extension Term shall be at the annual amount and for the periods and be payable in the monthly installments as follows: Monthly Annual Period PSF Installment Amount ------ --- ----------- ------ April 1, 2003 - March 31, 2008 $4.00 $41,577.00 $498,924.00 Initials: /s/ PDS ------------------------------ Landlord /s/ RDF ------------------------------ Tenant FIRST AMENDMENT TO LEASE THIS FIRST AMENDMENT TO LEASE, made as of the 31 day of March, 1998, by and between 1112 CR NB, L.L.C., a New Jersey limited liability company having an address c/o Sudler Management Company, L.L.C., Xxxxxx Corporate Center I, 000 Xxxxxxxxx Xxxxxxx, Xxxxxxxxxx, Xxx Xxxxxx 00000-0000 ("Landlord") and NET GROCER, INC., a Delaware corporation having an office at 000 Xxxxxxx Xxxxxx (00xx Xxxxx), Xxx Xxxx, Xxx Xxxx 00000 ("Tenant").

Related to Extension Term Provisions

  • Extension Terms County may, at its sole option, extend the term of this Agreement beyond the Initial Term for up to ___ additional one-year terms at the same rates and under the same terms provided for herein (each such period being an “Extension Term”). County shall notify Contractor of its election for an Extension Term(s) as provided for in §6.

  • Extension Term (a) Tenant shall have the right to extend the Term for all of the Premises for one extension term of 5 years (the "Extension Term") which shall commence on the day following the expiration of the initial Term and end on the fifth anniversary of the Expiration Date, unless the Extension Term shall sooner terminate pursuant to any of the terms of this Lease or otherwise. The Extension Term shall commence only if (i) Tenant shall have notified Landlord in writing of Tenant's exercise of such extension right not later than nine (9) months prior to the Expiration Date, (ii) at the time of the exercise of such right and immediately prior to the Expiration Date, no event of Default shall have occurred and be continuing hereunder, and (iii) Tenant and/or Related Entities shall be in occupancy of at least 80 percent of the Premises at the time such notice is given. Time is of the essence with respect to the giving of the notice of Tenant's exercise of the extension option. The Extension Term shall be upon all of the agreements, terms, covenants and conditions hereof binding upon Tenant, except that (x) the Fixed Rent (as defined in Article 1) shall be determined as provided in Section 2.2(b), (y) Tenant shall have no further right to renew the Term and (z) Landlord shall have no obligation to provide any work or contribution to improve the Premises for Tenant's use. Upon the commencement of the Extension Term, (A) the Extension Term shall be added to and become part of the Term (but shall not be

  • Modification, Extension and Renewal of Options The Board or a duly appointed committee thereof, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Code and applicable securities laws. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Recipient, alter to the Recipient’s detriment or impair any rights of Recipient hereunder.

  • Stay, Extension and Usury Laws The Company and each of the Guarantors covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture; and the Company and each of the Guarantors (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted.

  • Conditions Term of Agreement 53 3.1 Conditions Precedent to the Initial Extension of Credit.........53 3.2 Conditions Subsequent to the Initial Extension of Credit........56

  • Renewal, Termination and Amendment This Agreement shall continue in effect, unless sooner terminated as hereinafter provided, until December 31, 2007 and shall continue in full force and effect for successive periods of one year thereafter, but only so long as each such continuance as to the Portfolio is specifically approved at least annually by vote of the holders of a majority of the outstanding voting securities of the Portfolio or by vote of a majority of the Trust's Board of Trustees; and further provided that such continuance is also approved annually by the vote of a majority of the Trustees who are not parties to this Agreement or interested persons of any such party. This Agreement may be terminated as to the Portfolio at any time, without payment of any penalty, by the Trust's Board of Trustees, by the Manager, or by a vote of the majority of the outstanding voting securities of the Portfolio upon 60 days' prior written notice to the Adviser, or by the Adviser upon 90 days' prior written notice to the Manager, or upon such shorter notice as may be mutually agreed upon. This Agreement shall terminate automatically and immediately upon termination of the Management Agreement between the Manager and the Trust. This Agreement shall terminate automatically and immediately in the event of its assignment. The terms "assignment" and "vote of a majority of the outstanding voting securities" shall have the meaning set forth for such terms in the 1940 Act. This Agreement may be amended at any time by the Adviser and the Manager, subject to approval by the Trust's Board of Trustees and, if required by applicable SEC rules, regulations, or orders, a vote of a majority of the Portfolio's outstanding voting securities.

  • Waiver of Stay, Extension or Usury Laws The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury law or other law that would prohibit or forgive the Company from paying all or any portion of the principal of, premium, if any, or interest on the Notes as contemplated herein, wherever enacted, now or at any time hereafter in force, or that may affect the covenants or the performance of this Indenture; and (to the extent that it may lawfully do so) the Company hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

  • Additional Termination Provisions Notwithstanding and in addition to the foregoing, in the event that (i) a Mortgage Loan becomes delinquent for a period of 90 days or more (a "Delinquent Mortgage Loan") or (ii) a Mortgage Loan becomes an REO Property, the Purchaser may at its election terminate this Agreement with respect to such Delinquent Mortgage Loan or REO Property, upon 15 days' written notice to the Seller.

  • Extension of Agreement Prior to the original expiration date of this Agreement, the Parties mutually agree to extend this Agreement to the February 15 extension date identified in Paragraph VIII(A). The Parties acknowledge that no further extensions of this Agreement are authorized. Xxxxxxxxx has hereunto signed on this Day of , 20 . Landowner(s): The Secretary of the Department of Agriculture, acting and through his or her authorized representative has executed this Contract on behalf of the United States of America on this Day of , 20 . THE UNITED STATES OF AMERICA BY: NONDISCRIMINATION STATEMENT The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or a part of an individual’s income is derived from any public assistance program. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 0 (000) 000-0000 (voice and TDD). To file a complaint of discrimination, write to USDA, Director, Office of Civil Rights, 0000 Xxxxxxxxxxxx Xxxxxx, XX., Xxxxxxxxxx, XX 00000-0000 or call (000) 000-0000 (voice) or (000) 000-0000 (TDD). USDA is an equal opportunity provider and employer. PRIVACY ACT STATEMENT

  • Extension of the Term At least two months prior to the third anniversary of the Effective Date, the Parties will evaluate the effectiveness of this Agreement and decide whether to extend the Term.

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