Term and Renewal Option. This Contract is effective from January 1, 2001 through December 31, 2002. At the discretion of the Offices the term may be extended for up to two additional years. In no event shall the term exceed December 31, 2004.
Term and Renewal Option. The initial term of the Lease is ten (10) years from the date of said Lease (the "Term").
Term and Renewal Option. This Contract is effective from January 1, 2003 through December 31, 2004. In no event shall the term exceed December 31, 2004.
Term and Renewal Option. Unless terminated earlier, the term of this Agreement shall be for a period of five ( 5 ) years commencing on the Effective Date and terminating on January 6 , 20 10 ("Expiration Date") (the "Original Term"); provided, however, that VMRx shall have the option of extending the Original Term for three additional one (1) year terms ("Additional Terms") after the Expiration Date on the terms and conditions provided herein, such option to be effected by VMRx providing written notice to RxFS of its intent to extend the Original Term no later than thirty (30) days prior to the Expiration Date or, after the Expiration Date and during an Additional Term, by providing such written notice 30 days prior to the expiration date of the Additional Term, as applicable. (b)
Term and Renewal Option. The initial term of the Lease is for a period of five (5) years commencing as of the expiration of the Development and Permitting Period (as defined in the Lease and which shall expire no later than ____________, 200_), with options to renew for up to eighteen (18) successive five-year terms and one (1) successive final four-year term.
Term and Renewal Option. (a) The initial term of this Agreement shall commence on the date hereof and shall expire on the third anniversary thereof, unless earlier terminated in accordance with this Article or elsewhere in this Agreement (the "Initial Term").
Term and Renewal Option. Tenant shall have and hold the Demised Premises with their appurtenances beginning on May 24, 2011 (the "Lease Commencement Date"), for a term of seven (7) years (the "Initial Term"), ending on May 23, 2018 (the "Initial Term Expiration Date"). Tenant shall have the option to extend the term of this Lease (the "Renewal Option") beyond the Initial Term Expiration Date for one (1) additional term of five (5) years (the "Renewal Term"), provided that (a) Tenant provides to Landlord prior written notice of its intention to exercise the Renewal Option at least six (6) months but no more than twelve (12) months prior to the Renewal Term; and (b) Tenant is not in default, beyond the expiration of any applicable grace or cure period, either when the Renewal Option is exercised or when the Renewal Term begins. The Initial Term and, if applicable, the Renewal Term are hereinafter referred to collectively as the "Lease Term." The term "
Term and Renewal Option. The initial term of this Agreement shall ----------------------- commence on the Effective Date and end on the fifth anniversary of the Effective Date. MBE shall have the right to elect by written notice to the Company at any time between two (2) and six (6) months prior to the end of such initial term or any subsequent Renewal Period (as defined below), to notify the Company that MBE elects to seek to extend such term for additional two (2)-year periods (each a "Renewal Period") In the event of such election, MBE and the Company shall have -------------- a period of sixty (60) days in which to negotiate commercially reasonable Basic Fees, Bounty Fees and eBay Fees (and other applicable fees) ("Fee Schedule") ------------ under which the Company would be willing to renew this Agreement for such Renewal Period. If the parties are unable to reach agreement during such sixty (60) day period, either party may request that the Fee Schedule be submitted to arbitration pursuant to Section 18(m). If MBE notifies the Company of its intent to so renew prior to the end of such initial term or such Renewal Period, the term of this Agreement shall automatically be extended for the Renewal Period and, other than the Fee Schedule, all of the terms and conditions of this Agreement shall remain in full force and effect.
Term and Renewal Option. Unless terminated earlier, the term of this Agreement shall be for a period of three (3) years commencing on the Effective Date and terminating on April 21, 2002 ("Expiration Date") (the "Original Term"); provided, however, that eToys shall have the option of extending the Original Term for three additional one (1) year terms ("Additional Terms") after the Expiration Date on the terms and conditions provided herein, such option to be effected by eToys providing written notice to FBSI of its intent to extend the Original Term no later than one hundred eighty (180) days prior to the Expiration Date or, after the Expiration Date and during an Additional Term, by providing such written notice 180 days prior to the expiration date of the Additional Term, as applicable.
Term and Renewal Option. The term of this Agreement shall be for of period of ten (10) years commencing on the Effective Date of this Agreement (the "Term"). Quillabamba shall have the option, at its sole and absolute discretion, to renew this Agreement for additional consecutive ten (10) year terms ("Renewal Term"), under the same terms and conditions as set forth in this Agreement. Prior to the expiration of the Term or any Renewal Term, Quillabamba shall notify Rio of its decision to exercise its option to renew this Agreement for an additional ten (10) years; provided, however, that if Quillabamba fails to notify Rio of its decision to renew this Agreement prior to the expiration of the Term or any Renewal Term, Quillabamba shall have a grace period of six (6) months following the expiration of the Term or any Renewal Term to exercise its renewal option as provided for herein without penalty such as loss of rights or privileges as granted to Quillabamba under the terms of this Agreement.
