Renewal Period. If at the time of Manager’s exercise of a renewal period with respect to any Hotel, such hotel is a Subject Hotel within a Performance Cure Period, the exercise of such renewal period shall be conditional upon timely cure of the Performance Failure, and if such Performance Failure is not timely cured, then, notwithstanding the foregoing provisions, Lessee may elect to terminate this Agreement with respect to such Subject Hotel pursuant to the terms of this Section 2.03(b) without payment of any termination fee.
Renewal Period. If there has not been an "Event of Default" during the term of the Contract, Association/Vendor may provide written notice of intent to renew this Contract for the Festival occurring in the next calendar year.
Renewal Period. Tenant may, at its option, extend the Term for one renewal period of five years (the “Renewal Period”) by written notice to Landlord (the “Renewal Notice”) given no earlier than 13 nor later than 12 months prior to the expiration of the Term, provided that at the time of such notice and at the commencement of such Renewal Period, (i) Tenant remains in occupancy of the Premises, and (ii) no uncured event of default beyond applicable notice and cure periods exists under the Lease. The Base Rent payable during the Renewal Period shall be the Market Rental Rate for the Premises. However, in no event shall the Base Rent for the Renewal Period be less than the Base Rent during the last year of the Term. Except as provided in this Rider No. 1, all terms and conditions of the Lease shall continue to apply during the Renewal Period.
Renewal Period. 4.1. The Lessee shall be entitled to renew this Agreement by giving written notice 6 (Six) months prior to the expiry date, for a further period as stipulated in Item 13 of the Schedule, upon such terms and conditions as the Lessor and the Lessee may agree upon, provided that written agreement is reached and signed by or on behalf of the parties at least 3 (Three) calendar months prior to the expiry date, failing such consensus this Agreement will terminate in the expiry date.
Renewal Period. You may prevent renewal if we receive written notice from you before maturity of your intention not to renew. If you do not notify us, the renewal term will be the same as the original term, beginning on the maturity date. The Dividend Rate will be adjusted to the current rate as set forth on the current Deposit Rate Sheet. EZ Saver Certificate (see certificate for full disclosure) Compounding and Crediting of Interest: Interest will be compounded and paid monthly. Term of Deposit: Set terms available of six (6) months, twelve (12) months and twenty-four (24) months.
Renewal Period. (1) In the event that Permittee exercises the option for a Renewal Term as provided in subparagraph 2(b) herein the Annual Fee during the Renewal Term pursuant to the option notice shall be “Fair Market Rate” as of the “Fee Determination Date” as those terms are defined in this paragraph 3.
Renewal Period. (a) Where a Renewal Period has been specified in Item 9 of the Order Form, the Customer may, in its sole discretion, extend the Term for a period not exceeding the relevant Renewal Period (up to, if any, the maximum number of renewals specified in that Item), by giving the Supplier a notice in writing at least 15 Business Days prior to the end of the then current Term (or such other notice period as may be specified in Item 9 of the Order Form).
Renewal Period. Provided that (i) this Lease is then in full force and effect, and (ii) no material adverse change in Tenant’s financial condition has occurred, and (iii) Tenant shall not, within the two (2) year period preceding the first day on which Tenant may issue a Notice of Renewal in accordance with the provisions of this Paragraph 6, have either (x) committed more than two monetary defaults as to which Landlord has issued a notice in accordance with the provisions of Paragraph 17 hereof, or (y) committed more than two non-monetary defaults as to which Landlord issued a notice in accordance with the provisions of Paragraph 17 hereof, and (iv) Tenant shall not then be in default, and shall not default in the performance of any of its obligations under this Lease at any time between the date of issuance of the Notice of Renewal contemplated by Paragraph 6(b) below and the expiration of the initial lease Term, Tenant shall have the option to renew this Lease for one (1) additional three (3) year term, with the Base Rent in such renewal period, being equal to the previous year’s Base Rent, increased by five per cent (5%).
Renewal Period. At the beginning of the renewal period (if applicable), and again after the expiration of the first 5 years of the renewal period, the Base Rent shall be adjusted to reflect the actual market rent for comparable office space.
Renewal Period. The Tenant shall have the option to renew the Lease for two (2) successive periods of One (1) year (the "Renewal Period") each upon the same terms and conditions as contained herein, except that the Rent payable during the Renewal Periods shall be as set forth in section 4. 1. The Tenant may exercise each renewal option by giving written notice to the Landlord at least six (6) months prior to the end of the Term, failing which the option to renew shall be null and void.
