Term and Option to Extend. The initial term of this Lease will commence on the Effective Date and expire on the Expiration Date. The Tenant may extend the Term of this Lease for [two] additional [two]-year extension term(s), on all the same terms and conditions (except for Rent, which will increase during extension Terms as provided below) contained in this Lease, by notifying the Landlord in writing of the Tenant’s election to do so not less than 30 days before the expiration date of the then-current Term, as the case may be. The initial term and any applicable extension term are referred to in this Lease as the “Term.”
Term and Option to Extend. The Lease term shall be seven (7) years following the Commencement Date (the “Term”). Notwithstanding the previous sentence, the Term will always terminate on the last day of the eighty-fourth (84th) full calendar month following the Commencement Date. Lessee shall have one (1) option to extend the Term for five (5) years, pursuant to Rider No. One attached hereto.
Term and Option to Extend. The term of this Contract begins on the contract date and ends upon the expiration of this Contract, as indicated on the cover of this Contract. County may extend the term at its sole option one or more times, for a total period no greater than 3 years, upon provision of written notice to Contractor no less than 90 days prior to the expiration of the then-current term. For example, the County could extend the term for:
Term and Option to Extend. The Term of this Agreement shall commence July 1, 2022 (Commencement Date) and continue in full force for a period of approximately ten (10) years, through and including June 26, 2032, unless the Agreement is extended in accordance with this Section or terminated pursuant to Section 10.2. At City’s sole discretion, this Agreement may be extended one or more times without amendment for a period of no more than five (5) additional years for a total Term that does not extend beyond June 30, 2037. If City desires to extend the Agreement, City shall provide the Contractor with written notice of its decision to extend the Agreement at least one (1) year before the expiration of the initial Term and at least six (6) months before the expiration of any extended term. Such notice by City shall specify the duration of the extension. Between the Effective Date and Commencement Date, Contractor shall perform all activities necessary to prepare itself to start providing services required by this Agreement on the Commencement Date.
Term and Option to Extend. 961 The Term of this Agreement shall commence March 1, 2015 (Commencement Date) and continue in full 962 force for a period of ten (10) years, through and including February 28, 2025, unless the Agreement is 963 extended in accordance with this Section or terminated pursuant to Article 14.Between the Effective 964 Date and Commencement Date, Contractor shall perform all activities necessary to prepare itself to start 965 providing services required by this Agreement on the Commencement Date. 966 At the CCCSWA’s sole discretion, the Term of this Agreement may be extended, for up to twenty‐four 967 (24) months after February 28, 2025 (i.e., until February 28, 2027), in one or more periods specified by 968 the CCCSWA. Such extensions shall be conditioned upon the Contractor’s achievement of the two 969 performance standards defined in Section 4.2, each of which may be waived by the CCCSWA, in its sole 970 discretion. If the CCCSWA elects to exercise this option to extend the Term, it shall give written notice 971 of its election to the Contractor, specifying the number of months by which it wishes to extend the 972 Term, one hundred eighty (180) Days prior to the expiration date then existing under this Agreement. 973 Prior to extending the Term, the Parties shall meet and confer to discuss depreciation of Collection 974 vehicle and Containers in service and future acquisition needs and related costs, if any. The Parties shall 975 agree on how depreciation and interest expenses shall be treated during the extension period. Parties 976 shall analyze whether, and if so, how much the depreciation and interest expenses may be reduced for 977 equipment that is fully depreciated and how to address depreciation and interest expense of any 978 equipment that will need to be purchased during the extension period under consideration. The 979 CCCSWA Executive Director shall make the final determination in the event any disputes arise regarding 980 depreciation and interest expenses during the extension period. 981 The CCCSWA has no obligation to renegotiate, renew, or extend the rights granted to Contractor beyond 982 the initial ten‐year (10‐year) Term of the Agreement. 983 4.2 Extension Conditions 984 Any extension to the Term of the Agreement is conditional upon Contractor meeting the following two 985 requirements, each or either of which may be waived by the CCCSWA:
Term and Option to Extend. 683 The Term of this Agreement shall commence March 1, 2015 (Commencement Date) and continue in full force for a 684 period of ten (10) years, through and including February 28, 2025, unless the Agreement is extended in accordance 685 with this Section or terminated pursuant to Article 11. Between the Effective Date and Commencement Date, 686 Contractor shall perform all activities necessary to prepare itself to provide Services required by this Agreement on 687 the Commencement Date. 688 At the CCCSWA’s sole discretion, the Term of this Agreement may be extended, for up to twenty‐four (24) months 689 after February 28, 2025 (i.e., until February 28, 2027), in one or more periods specified by the CCCSWA. Such 690 extensions shall be conditioned upon the Contractor’s achievement of the two (2) performance standards defined 691 in Section 4.2, each of which may be waived by the CCCSWA, in its sole discretion. If the CCCSWA elects to 692 exercise this option to extend the Term, it shall give written notice of its election to the Contractor, specifying the 693 number of months by which it wishes to extend the Term, one hundred eighty (180) Days prior to the expiration 694 date then existing under this Agreement. 695 The CCCSWA has no obligation to renegotiate, renew, or extend the rights granted to Contractor beyond the initial 696 ten‐year (10‐year) Term of the Agreement.
Term and Option to Extend. 116 The Term of this Agreement shall commence August 1, 2015 (Commencement Date) and continue in full 117 force for a period of fifteen (15) years, through and including July 31, 2030, unless the Agreement is 118 extended in accordance with this Section or terminated in pursuant to Section 10.2. 119 At City’s sole discretion, this Agreement may be extended without amendment for a period of no less 120 than one (1) and no more than five (5) additional years for a total Term that does not exceed twenty 121 (20) years. If City desires to extend the Agreement, City shall provide the Contractor with written notice 122 of its decision to extend the Agreement at least one (1) year before the expiration of the Term. Such 123 notice by City shall specify the duration of the extension. 124 Between the Effective Date and Commencement Date, Contractor shall perform all activities necessary 125 to prepare itself to start providing services required by this Agreement on the Commencement Date.
Term and Option to Extend. (a) The Term of this Lease, which, subject to subparagraph 3(b) below, shall be for the period set forth in paragraph I above and shall commence on the date set forth in paragraph I above.
Term and Option to Extend. 115 The Term of this Agreement shall commence {Month} {Date}, {Year} (Commencement Date) and 116 continue in full force for a period of ten (10) years, through and including {Month} {Date}, {Year}, unless 117 the Agreement is extended in accordance with this Section or terminated in pursuant to Section 10.2. 118 At Agency’s sole discretion, this Agreement may be extended without amendment for a period of no 119 less than one (1) and no more than five (5) additional years for a total Term that does not exceed fifteen 120 (15) years. If Agency desires to extend the Agreement, Agency shall provide the Contractor with written 121 notice of its decision to extend the Agreement at least one (1) year before the expiration of the Term. 122 Such notice by Agency shall specify the duration of the extension. 123 Between the Effective Date and Commencement Date, Contractor shall perform all activities necessary 124 to prepare itself to start providing services required by this Agreement on the Commencement Date.
Term and Option to Extend. A. Commencement Date and Term. Subject to the "Condition Precedent Regarding Environmental Law Compliance" set forth below, the term of this Agreement shall commence on the first day of the first month following MERA's notice to the Licensor that MERA has obtained all approvals necessary for MERA to be legally entitled to construct a facility for providing a public safety and emergency radio system (the "Commencement Date") and continue for a period of five (5) years, except in the case that such approvals are not obtained within five (5) years from the date of approval of this Agreement then this Agreement shall automatically terminate and be deemed null and void. MERA shall be permitted to occupy the License Space and commence construction of the MERA facilities upon receipt of all such approvals. Prior to receipt of all such approvals, and following full execution of this Agreement, MERA shall have the right to enter the License Space for the purpose of making appropriate engineering and surveys, inspections, soil test borings and other reasonable necessary tests.
