Renewal Rights shippers with contract terms of thirty-five (35) months or more shall have the right to renew their TA’s for the same volume or a lower volume under their TA at the date of expiry of their TA, without pro ration, at the same receipt point(s), for a minimum of one year, at the then-prevailing toll (prevailing at the time of the election to renew), by providing Transporter with one year’s advance written notice. There is no limitation on the number of times such shippers may exercise this right, provided that where any provision of this Precedent Agreement (including this Section 7(g)) requires that shipper have a contract term of at least thirty-five (35) months or of fifty-nine (59) months, as applicable, the initial term of such shipper's original contract (and not the duration of the renewal term) shall be used for the purpose of applying such provision;
Renewal Rights. Provided no Lessee Event of Default has occurred and remains uncured as of the end of the Current Lease Term, Lessee shall have the right and option (the “Renewal Option”) to extend the term of this Lease with respect to all (but not less than all) of the Leased Property for consecutive renewal terms, each for a length of time equal to five (5) years (each, hereafter referred to as the “Renewal Term”), provided, however, that the maximum aggregate Term shall in no event exceed 99 years.
Renewal Rights. Provided no Level 1 Tenant Default has occurred and remains uncured as of the end of the Initial Term, Tenant shall have the right and option (the “Renewal Option”) to extend the term of the Lease with respect to all (but not less than all) of the Leased Property for an initial renewal term equal to the lesser of (i) nine (9) years and (ii) seventy-five percent (75%) of the expected remaining useful life of the Leased Property, as reasonably determined by Landlord in consultation with Tenant and a qualified consultant engineer (the “Renewal Term”). Base Rent during the Renewal Term shall be the Fair Market Rent, determined as set forth below.
Renewal Rights. A. This Lease may be renewed at the option of the Government for nine (9) additional one-year terms, and the Government shall pay the Lessor annual rental of $ [Insert Amount] (note: also state amount in words) at the rate of $ [Insert Amount] (note: also state amount in words) per calendar month in arrears; provided, written notice is provided to the Lessor at least 30 days before the end of the original Lease term or any extension thereof. In no event shall the Lease term be extended beyond [Insert Day, Month, Year]. All other terms and conditions of this Lease, as same may have been amended, shall remain in full force and effect during any renewal term.
Renewal Rights. The Good Xxx Insurance Agency shall own and control all renewal rights and expirations on all Insurance and Insurance Products issued or sold through the Good Xxx Insurance Agency, including to Good Xxx Members or Camping World Customers, and shall have the sole and exclusive right to customer relationships with policyholders of Insurance and Insurance Products contemplated under this Agreement, including Insurance and Insurance Products underwritten, written or issued by the GMACI Carrier. If the GMACI Agency is party to any agency agreement with the GMACI Carrier that is inconsistent with this Section V.4., the GMACI Agency shall assign to the Good Xxx Insurance Agency the renewal rights and expirations contemplated in this Section V.4.
Renewal Rights. (a) At any time following the Closing Date, at the option of TRM, without any additional consideration and as directed by TRM by delivery pursuant to the Brokerage Management Agreement of a written Non-Renewal Notice, CPRE shall cause each Selling Insurer, as applicable, to send to each Policyholder whose Insurance Contract is indicated in the relevant Non-Renewal Notice, within 30 days following receipt of the Non-Renewal Notice, written notice in the form directed by TRM and reasonably acceptable to the applicable Selling Insurer advising such Policyholder that (i) such Selling Insurer will not renew or will cancel the Insurance Contract, and (ii) one or more of the Purchasing Insurers, their Insurer Affiliates or other duly licensed, eligible or otherwise authorized insurance companies selected by the Purchasing Insurers may issue to the Policyholder a Purchasing Insurer Policy (defined below).
Renewal Rights. Unless the Authority objects in writing within eighteen (18) months of the Term Expiration Date or eighteen (18) months of the expiration of any renewal period, and if no StadCo Event of Default then exists, StadCo will have the option to extend this Agreement for four (4) successive extension terms of five (5) years each, each of which extension terms shall be upon all the same terms and conditions as set forth herein, unless otherwise agreed to by the Parties in a separate agreement, except for the reduction of the number of extension options as a result of each such exercise. If StadCo decides to exercise an extension option, then StadCo must provide written notice to the Authority of such election at least two (2) years prior to the expiration of the initial term or any applicable extension term.
Renewal Rights. Provided that Tenant shall not then be in default beyond any applicable grace, notice and cure period, and that the original Tenant shall be in occupancy of the entire Premises, Tenant may extend the term of this Lease for one (1) additional option period of five (5) years (hereinafter defined as the “Renewal Term”). Notwithstanding anything to the contrary contained in this Section 2.2, if, on the commencement of the Renewal Term, there shall be an default by Tenant beyond any applicable grace or cure periods, Landlord, in Landlord’s sole and absolute discretion, may elect, by written notice to Tenant, to void Tenant’s exercise of the applicable renewal option, in which case Tenant’s exercise of the applicable renewal option shall be of no force or effect, and the Term shall end of the Expiration Date of the initial Term of this Lease, unless sooner cancelled or terminated pursuant to the provisions of this Lease or by Law. Tenant shall notify Landlord in writing of its election to extend this Lease for the Renewal Term (an “Option Notice”), not less than nine (9) months prior to the Expiration Date of the initial Term, TIME BEING OF THE ESSENCE as to such Option Notice requirement. Tenant’s failure to timely exercise the option hereunder shall cause such right to terminate and be of no further force or effect. The Annual Rent payable during the Renewal Term shall be at ninety-five percent (95%) of “Fair Market Rental Value” (as hereinafter defined). Tenant shall have no further right to extend the term of this Lease beyond the Renewal Term. If Tenant shall extend the term of this Lease pursuant to the provisions of this Section, such extension shall be automatically effected without the execution of any additional documents.
Renewal Rights. So long as Tenant is not in default under this Lease, Tenant has the right, but not the obligation, to extend the term of this Lease (a “Renewal Option”) under the same terms and conditions for an additional five (5) year term (the “Renewal Term”) and, if the Renewal Option for the Renewal Term is exercised, for a second additional five (5) year term (the “Second Renewal Term”). Tenant must exercise its right for (i) the Renewal Term by written notice to Landlord given on or before the date that is one hundred eighty (180) days prior to the expiration of the Initial Term and (ii) the Second Renewal Term by written notice to Landlord given on or before the date that is one hundred eighty (180) days prior to the expiration of the Renewal Term. If Tenant does not exercise its right to extend in a timely manner, Tenant will have irretrievably lost its right to extend the term of this Lease. Rental payments applicable for the Renewal Term or the Second Renewal Term, in each case if exercised, shall be as set forth in paragraphs 3.1 and 3.2. Any extension of this Lease beyond the Second Renewal Term (if exercised) shall be upon the terms and conditions mutually agreed upon by Landlord and Tenant, and unless such agreement is reached, this Lease shall expire.”
Renewal Rights. Unless the Authority objects in writing within twenty-four
