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 (“Renewal Option”) under the same terms and conditions for one (1) additional five (5) year term (the “Renewal Term”). Tenant must exercise its right for 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. 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, if exercised, shall be as set forth in paragraphs 3.1 and 3.2. Any extension of this Lease beyond the 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. 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 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 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 rate (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(e)) 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. 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 Sam Insurance Agency shall own and control all renewal rights and expirations on all Insurance and Insurance Products issued or sold through the Good Sam Insurance Agency, including to Good Sam 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 Sam Insurance Agency the renewal rights and expirations contemplated in this Section V.4.
Renewal Rights. In connection with the sale of the Renewal Rights, the Seller will provide reasonable assistance to the Buyer in establishing or expanding business relationships with the Reinsureds under the applicable Reinsurance Contracts, and shall use its reasonable best efforts to encourage its cedents and brokers to engage in the Business with respect to the Renewal Rights with the Buyer. The Seller will provide such assistance by cooperating with the Buyer in sending each reinsured a letter in a form to be agreed upon by the Buyer and the Seller. The Buyer expressly acknowledges that its purchase of the Renewal Rights is not a guarantee that the Reinsureds under the Reinsurance Contracts will each desire to have the Buyer continue as the reinsurer through which they obtain reinsurance. Other than the letters which the Seller will cooperate in sending to Reinsureds, the Seller will have no responsibility for ensuring that such Reinsureds establish or expand business relationships with the Buyer. While the Buyer shall consider the existing terms and conditions provided by the Seller under the Reinsurance Contracts, the Buyer reserves the right to apply its own underwriting guidelines and judgement in the exercise of the Renewal Rights.
Renewal Rights. (a) Upon the terms and subject to the conditions set forth in this Agreement, at any time following the Closing Date, Buyer shall be entitled to and may, in connection with the first expiration, renewal, or anniversary date of each In-Force Policy (and, with respect to In-Force Policies with renewal rate quotes outstanding on the Closing Date or that are otherwise renewed by a Renewal Rights Seller after the Closing Date, the next expiration, renewal or anniversary date of each In-Force Policy), solicit, quote, bind, write and/or issue, or cause to be solicited, quoted, bound, written and/or issued to any policyholder prior to or upon the expiration, cancellation or non-renewal of such In-Force Policy, policies or other evidences of insurance coverage on the policy forms of the applicable Permitted Designee, subject in each case to Applicable Law and the rights of policyholders.
Renewal Rights. Align shall have the right to extend the term of this Agreement for an additional five years through December 31, 2011 provided that it advises the Discus of its intent to renew in writing no later than February 28, 2006. Provided that Discus has met it Minimum Annual Sales Quotas for calendar years 2004 and 2005, Discus shall have the right to extend the term of this Agreement for an additional five years through December 31, 2011 provided that it advises Align of its intent to renew in writing no later than February 28, 2006. Both parties agree that they shall use best efforts to develop Minimum Sales Quotas for each of the five (5) years during the renewal term, each of which Minimum Sales Quotas the parties agree shall cover a calendar year. If by March 31, 2006, the parties are still unable to reach agreement on Minimum Sales Quotas for any of the five years of the renewal term, Discus and Align shall each appoint a non-employee director of its respective company to negotiate Minimum Sales Quotas for the renewal term. If the appointees are unable to reach an agreement by May 31, 2006, then the following terms shall apply:
Renewal Rights. (a) Retrocedent acknowledges that the intent of this Retrocession Agreement, the Transfer and Purchase Agreement and the Related Documents is to convey to Retrocessionaire, on an exclusive basis, all of the Retrocedent's right, title and interest in the Renewal Rights. Retrocedent shall not retain any Renewal Rights nor shall Retrocedent assign, transfer or facilitate in any manner the transfer of the Business to any Person other than the Retrocessionaire, regardless of whether Retrocessionaire chooses to reinsure any Reinsured Contracts upon expiration or cancellation of such Reinsured Contract. For the avoidance of doubt, the parties agree and acknowledge that, as of and after the date hereof, under no circumstances may Retrocedent conduct, or permit any Person other than Retrocessionaire and its Affiliates to conduct, any marketing or solicitation activities of any kind whatsoever with respect to the Business, except to the extent provided for under Section 5.1 in the Transfer and Purchase Agreement.