TERM AND RENTALS Sample Clauses

TERM AND RENTALS. This Lease is for the term (the “Term”) beginning on the Effective Date and ending on the dated specified in the “Term of Lease” in the Summary of Lease Terms above, unless sooner terminated by Lessee with respect to all the FF&E (but not less than all) located at a particular Center. The term “Term” will be construed, with respect to FF&E located at a particular Center, as the period of time from the Effective Date until the sooner of three years following the Effective Date or thirty (30) days after such date upon which Lessee delivers notice to Lessor of its desire to discontinue the Lease as to the FF&E at a particular Center, notwithstanding the fact that this Lease may continue for FF&E at any remaining Centers. For the Term or any portion thereof, Lessee agrees to pay to Lessor aggregate rentals equal to the sum of all rental payments (including advance rental(s)) specified in the Summary of Lease Terms above (“Rental Payments”) in accordance with the payment schedule specified in the Summary of Lease Terms above.
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TERM AND RENTALS. THIS LEASE SHALL BE EFFECTIVE UPON EXECUTION AND DELIVERY HEREOF by Lessee and Lessor. (a) The Initial Lease Term for each Schedule shall commence upon the Rent Commencement Date set forth in such Schedule. For the Initial Lease Term of such Schedule, Lessee agrees to pay Lessor aggregate rentals equal to the number of quarters in the Initial Lease Term of such Schedule multiplied by the amount of the Rental Payment specified in such Schedule. In addition, for the period from the Delivery Date of each Schedule until such Schedule's Rent Commencement Date, Lessee shall pay an interim rental ("Interim Rental Payment") equal to the product of (i) the total annual rental for the first year of the Initial Lease Term of such Schedule divided by 365 and (ii) the actual number of days between the Delivery Date and the Rent Commencement Date, including the Delivery Date but excluding the Rent Commencement Date. The Interim Rental Payment shall be payable as set forth in each Schedule to this Lease. Lessor will make reasonable efforts to send Lessee invoices for Rental Payments, but the failure to do so or the incorrectness of any invoice will not relieve Lessee of its obligation to pay all amounts, including Rental Payments, due under this Lease. The Interim Rental Payment for each Schedule is due on the Delivery Date for such Schedule and the remaining Rental Payments are due commencing on the Rent Commencement Date (which shall be the first day of a calendar month) and thereafter on the first day of each succeeding three-month period of the Term, or as specified in the applicable Schedule. Any overdue payments shall accrue interest at a rate per annum equal to the highest implicit interest rate for any Schedule plus 2%, or the highest lawful rate, whichever is less. Any amount which is due and payable on a day which is not a business day shall be payable on the next succeeding business day. (b) The Rent Factor will be calculated for each Schedule based on a basis point for basis point adjustment (if any) to the Initial Implicit Rate (applicable to the type of Equipment being funded under such Schedule) equal to any increase from the
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TERM AND RENTALS. The term is hereby extended from [Confidential treatment requested]. This extended term is granted by lessor in consideration of the extensive remodeling and additions being constructed at the lease site during 1992 by lessee.
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TERM AND RENTALS. This Leasehold Lease is for the term beginning on the Sublease Commencement Date and terminating on December 31, 2006 unless all of the following conditions are satisfied:
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TERM AND RENTALS. The term of this Lease shall be for a period of four (4) months, commencing on the 1st day of December, 2001, and terminating on the 31st day of March, 2002; provided that Tenant shall have the right, upon one month written notice to Landlord, to extend the term of the Lease for a period one month at the monthly rental rate set forth in the following sentence. For the entire term hereof, Tenant agrees to pay Landlord as monthly rental hereunder the sum of One Hundred Twenty Thousand Dollars and No/100 Dollars ($120,000). All rental provided for hereunder shall be due and payable on the first day of each month, with rent being prorated for partial months.
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TERM AND RENTALS. This Lease becomes effective immediately upon the 'expiration of that certain Lease dated December 30, 1977 signed by then Lessor (Predecessors in interest namely John Muir Kipp, Rex Kipp Jr. and Wxxxxxx Xxrxxx Xxxx) xxx Xxxxee on xxx xxxxxxx pxxxxses from January 1, 1978 to December 31, 1992. Lessor for and in consideration of the covenants and agreements herein mentioned to be kept and performed by Lessee and its successors in interest, has demised and leased to said Lessee that certain tract of land in Grant County, New Mexico, located in the area described as follows: A tract of land in the NW 1/4 SE 1/4, Section 19, T 24 S, R 15 W, N.M.P.M., Grant County, New Mexico, described as follows: Beginning at the Southeast corner, whence the Southeast corner of said Section 19, bears S 53 degrees 43' 30" E, 2602, 41 ft. dist.; thence N 55 degrees 01' W, 253.58 ft. to the Southwest corner; thence N 34 degrees 59' E, 357.58 ft. to the Northwest corner, a point on the South line of Interstate 10 Frontage Road Right-of-way; xxxxxx Easterly, along the South line of said right-of-way on an 11,559.20 ft. radius curve to the left, 253.91 ft. to the Northeast corner; thence S 34 degrees 59' W, 345.03 ft. to the place of beginning, containing 2.042 acres, more or less. All as is more fully described in Exhibit "A" attached hereto. TO HAVE AND TO HOLD the above described premises with the appurtenances unto the said Lessee and its successors in interest, from the 1st day of January, 1993 for, during and until the [Confidential treatment requested], with the right of Lessee to cancel this Lease with thirty (30) days' notice to Lessors at any time during its term. If there are no significant sales as hereinafter set forth for six (6) consecutive months, Lessor can cancel this Lease by giving thirty (30) days' written notice of such intention to Lessee. Lessee, in consideration of the Lease of the premises aforesaid by Lessor to Lessee, does covenant and agree with the said Lessor his heirs, executors, administrators and assigns, to pay Lessor as rent for the above described premises as follows:
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TERM AND RENTALS. The term of this Lease shall be for a period of twelve (12) months, commencing on the ____ day of _______, 2001, and terminating on the ____ day of __________; provided that either party may terminate this agreement at any time after ______, 2001 upon three (3) months prior written notice. For the entire term hereof, Tenant agrees to pay Landlord as monthly rental hereunder the sum of _______________ and __/100 Dollars ($_______). All rental provided for hereunder shall be due and payable on the first day of each month, with rent being prorated for partial months.
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TERM AND RENTALS 
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Related to TERM AND RENTALS

  • Term and Rent Lessor demises the above premises for a term of twenty years, commencing January 1, 1993, and terminating o December 31, 2012, or sooner as provided herein at the annual rent of Twenty Four Thousand Dollars ($24,000.00), payable in equal installments in advance on the first day of each month for that month's rental, during the term of this lease. All rental payments shall be made to Lessor, at the address specified above.

  • Term and Renewals This Agreement is effective February 1, 2017 (“Effective Date”) and will continue for three (3) years. The Agreement may be renewed by Citizens for one (1), three (3) year renewal period upon prior written notice to Firm.

  • Term and Renewal This Agreement shall become effective as of the Effective Date and shall remain in effect for a period of three years from and after the Live Date (the “Initial Term”), and thereafter shall automatically renew for successive three year terms (each such period, a “Renewal Term”) unless terminated by any party giving written notice of non-renewal at least one hundred eighty days prior to the last day of the then current term to each other party hereto.

  • Initial Term and Renewal This Agreement shall become effective upon its execution and, shall have an initial term of five (5) years. Following the expiration of the initial term, the Agreement shall automatically renew for successive one-year terms until such time that the Agreement is terminated by either Party upon giving the other Party six (6) months’ written notice of termination.

  • 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.

  • Term and Renewal of Agreements The Agreement with TIPS is for three (3) years with an option for renewal for an additional one (1) consecutive year if both parties agree. TIPS may or may not exercise the one-year extension beyond the base three-year term and whether or not to offer the extension is at the sole discretion of TIPS. The scheduled Agreement termination date shall be the last date of the month of the last month of the agreement’s legal effect. Example: If the agreement is scheduled to end on May 23, the anniversary date of the award, it would actually be extended to May 31 in the last month of the last year the contract is active. Automatic Renewal Clauses Incorporated in Awarded Vendor Agreements with TIPS Members Resulting from the Solicitation and with the Vendor Named in this Agreement. No Agreement for goods or services with a TIPS Member by the awarded vendor named in this Agreement that results from the solicitation award named in this Agreement, may incorporate an automatic renewal clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated in an Agreement by the vendor with the TIPS Member shall only be valid and enforceable when the vendor receives written confirmation by purchase order, executed Agreement or other written instruction issued by the TIPS Member for any renewal period. The purpose of this clause is to avoid a TIPS Member inadvertently renewing an Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. This term is not negotiable and any Agreement between a TIPS Member and a TIPS awarded vendor with an automatic renewal clause that conflicts with these terms is rendered void and unenforceable.

  • Basic Rental Tenant agrees to pay to Landlord during the Term hereof, at Landlord's office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the monthly and annual sums as set forth in Article 1.C. of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx Tenant's obligation to pay monthly Basic Rental for the second (2nd) and third (3rd) full calendar months of the initial Lease Term. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under this Lease. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Basic Rental that was abated under the provisions of this Section 3(a). The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, the first full month's Basic Rental shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number of days in such month and shall be due and payable upon the Commencement Date.

  • Term of Agreement and Renewals The Agreement with TIPS is for approximately three (3) years with an option for renewal for an additional one

  • Base Rental (a) Lessee hereby agrees to pay to Lessor, without setoff or deduction whatsoever, a monthly installment of $3,284.00. Lessee shall also pay, as additional rent, all such other sums of money as shall become due from and payable by Lessee to Lessor under this Lease (Base Rental, any adjustment thereto pursuant to Section 4 hereof, and all such other sums of money due from and payable by Lessee pursuant to this Lease are sometimes hereinafter collectively called "rent"), for the nonpayment of which Lessor shall be entitled to exercise all such rights and remedies as are herein provided in the case of the nonpayment of Base Rental. The Base Rental, together with any adjustment or increase thereto then in effect, shall be due and payable in advance in twelve (12) equal installments on the first (lst) day of each calendar month during the term of this Lease, and Lessee hereby agrees so to pay such Base Rental and any adjustment or increase thereto to Lessor at Lessor's address provided herein (or such other address as may be designated by Lessor in writing from time to time) monthly, in advance, and without demand. If the term of this Lease commences on a day other than the first (lst) day of a month or terminates on a day other than the last day of a month, then the installments of Base Rental and any adjustments thereto for such month or months shall be prorated, and the installment or installments so prorated shall be paid in advance.

  • TERM OF AGREEMENT AND RENEWAL The Agreement shall remain in effect from the date of execution hereof through the expiration of a one year period, and may be renewed upon the mutual consent of the Parties.

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