RENEWAL PRIVILEGES Sample Clauses

RENEWAL PRIVILEGES. SECTION 20.01. Subject to the provisions of Sections 20.03 and 20.04 hereof, the term of this lease may, at the option of Sub-subtenant, by written notice to Sub-sublandlord as herein provided, by renewed and extended as follows: FIRST RENEWAL TERM--May 29,1976 to December 28, 1987 SECOND RENEWAL TERM--December 29,1987 to December 28, 2008 THIRD RENEWAL TERM--December 29,2008 to December 28, 2029 Any such renewal option shall be exercised by written notice given by Sub-subtenant to Sub-sublandlord at least 24 and not more than 30 months prior to the commencement of the particular renewal term, and (subject to the provisions of Section 20.03 hereof) if such notice shall have so been given and this lease, the Operating Lease, the Mesne Lease and the Ground Lease shall be in effect on the day next preceding the commencement of such renewal term this lease shall thereupon be automatically renewed for such renewal term. Each renewal term shall be upon the same terms, covenants and conditions as in this lease provided, except that there shall be no privilege to Sub-subtenant of renewals of the terms of this lease beyond the Third Renewal Term referred to above. Payment of all additional rent and other charges on the part of Sub-subtenant to be made as in this lease provided shall continue to be made during each of such renewal terms. Any termination of this lease shall terminate any right of renewal hereunder.
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RENEWAL PRIVILEGES. A season-ticket holder will generally have an opportunity to purchase season tickets to the Club's home preseason and regular season games for the 2023-2024 NBA season (“2023-2024 Season Tickets”) on terms to be established by the Warriors. However, such opportunity may be withdrawn should season-ticket holder fail to comply with these terms and conditions or otherwise default in the performance of any applicable duties or obligations under the Membership Agreement.
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RENEWAL PRIVILEGES. SECTION 17.01: There shall be no privilege to Lessee of renewal of the term of this Lease. The parties may or may not subsequently agree to renewal rights in Lessee; renewal thereunder shall be subject to all terms of this lease pertaining to renewal not specifically modified in writing as part of such subsequent agreement. There is no understanding or obligation with respect to such subsequent agreement or the discussion or negotiation thereof.
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RENEWAL PRIVILEGES. SECTION 20.01. Provided, at the respective times hereinafter set forth for the exercise of renewal options, this Lease shall be in full force and effect, the term of this Lease may, subject to the conditions set forth in Section 20.03 hereof, at the option of Lessee by written notice to Lessor as in this Article 20 provided, be extended for four (4) successive periods of twenty-one (21) years each, each such period of twenty-one (21) years being in this Lease sometimes referred to as a renewal term, as follows: First Renewal Term—January 5, 1992 to January 5, 2013 Second Renewal Term—January 5, 2013 to January 5, 2034 Third Renewal Term—January 5, 2034 to January 5, 2055 Fourth Renewal Term—January 5, 2055 to January 5, 2076 Lessee shall have the right to exercise the aforementioned options to renew by written notice to Lessor at the times specified as follows:
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RENEWAL PRIVILEGES. Section 17.01. So long as there shall not be an Event of Default and unless this Lease shall have been terminated pursuant to Article 15 or ARTICLE 19, Tenant shall have the option to renew the term of this Lease, by giving notice as provided in SECTION 22.01 for a further period of 5 years to commence on July 1, 2001 and to expire on June 30, 2006 upon all of the terms, covenants and conditions set forth in this Lease, except as provided in SECTION 17.03. Such renewal term shall be subject to termination by Landlord or Tenant pursuant to SECTION 19.01 and Section 19.02.
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RENEWAL PRIVILEGES 
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Related to RENEWAL PRIVILEGES

  • Policy Renewal/Expiration At least thirty (30) days prior to the expiration of any policy required by this Contract, evidence of renewal or replacement policies of insurance with terms no less favorable to OGS than the expiring policies shall be delivered to OGS in the manner required for service of notice in Paragraph A.3.

  • Renewal Option This Contract may be renewed under the same terms and conditions, subject to the approval of the Commissioner of the Department of Administration and the State Budget Director in compliance with IC § 5-22-17-4. The term of the renewed contract may not be longer than the term of the original Contract.

  • OPTION TO EXTEND THE TERM OF THE CONTRACT (MAR 2000)

  • Term and Renewal Options The term of service is 24 months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term.

  • Renewal Term If not sooner terminated, this Agreement shall renew at the end of the Initial Term and shall thereafter continue for successive annual periods, provided such continuance is specifically approved at least annually (i) by the Fund’s Board of Trustees or (ii) by a vote of a majority of the outstanding voting securities of the relevant portfolio of the Fund, provided that in either event the continuance is also approved by the majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) of any party to this Agreement by vote cast in person at a meeting called for the purpose of voting on such approval. If a plan under Rule 12b-1 of the 1940 Act is in effect, continuance of the plan and this Agreement must be approved at least annually by a majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) and have no financial interest in the operation of such plan or in any agreements related to such plan, cast in person at a meeting called for the purpose of voting on such approval.

  • Renewal Terms Immediately following the Initial Term this Agreement shall automatically renew for successive one-year periods (a “Renewal Term”).

  • Renewal Periods Renewal of registered names may be made in one (1) year increments for up to a maximum of ten (10) years. For the avoidance of doubt, renewal of registered names may not extend their registration period beyond ten (10) years from the time of the renewal.

  • Renewal Options The State requires two (2) five (5) year options to renew with thirty (30) days advance written notice to the Landlord to exercise such option based on the terms and conditions defined in the Initial Lease. Please outline the rental rate for said option periods.

  • Base Term Commencing on the Expansion Premises Commencement Date, the defined term “Base Term” on page 1 of the Lease is deleted in its entirety and replaced with the following:

  • Option to Extend Term Tenant shall have the option to extend the term of this Lease, at the minimum rental set forth in Section 3.1(c) and otherwise upon all the terms and provisions set forth herein with respect to the initial direct term of this Lease, for one (1) additional term of three (3) years, commencing upon the expiration of the initial direct term hereof; provided, however, that such option shall be exercisable solely with respect to the entire Premises covered by this Lease on the date of exercise of such option. Exercise of such option shall be by written notice to Landlord not less than nine (9) months and not more than twelve (12) months prior to the expiration of the initial direct term hereof. If Tenant is in default hereunder, beyond any applicable notice and cure periods, on the date of such notice or on the date the extended term is to commence, then the exercise of the option shall be of no force or effect, the extended term shall not commence and this Lease shall expire at the end of the initial direct term of this Lease (or at such earlier time as Landlord may elect pursuant to the default provisions of this Lease). If Tenant properly exercises its extension option under this Section, then all references in this Lease (other than in this Section 2.6 itself) to the “term” of this Lease shall be construed to include the extension term thus elected by Tenant. The extension option granted herein may be assigned to and exercised by any permitted assignee of Tenant’s entire interest in this Lease, provided that such assignee is in possession of the Premises at the time. such option is exercised, but may not be assigned to or exercised by any subtenant. Except as expressly set forth in this Section 2.6, Tenant shall have no right to extend the term of this Lease beyond its prescribed term.

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