Term; Extension; Early Termination Sample Clauses

Term; Extension; Early Termination. The term of this lease shall be for a period of six (6) months, beginning upon receipt of the Notice of Exercise of Option to Lease by the Lessor from the Lessee, and ending at noon on first day of the seventh month thereafter, without notice from either party to the other. The term of this lease may be extended by the Lessor if the Lessee is diligently pursuing due diligence items, as defined in the Performance Agreement between Lessor, Lessee, and the Economic Development Authority for the Town of Bedford, for one (1) additional six (6) month term at the discretion of the Lessor. All time periods set forth herein shall be extended six (6) months if such extension is granted, mutatis mutandis. The Lessee may terminate this Lease early by invoking Section 20 of this Lease as set forth therein.
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Term; Extension; Early Termination. (A) The Sublease shall commence on the date set forth above (the "Sublease Commencement Date") and shall continue for a period of ten (10) years (the "Initial Term"), unless extended or earlier terminated as herein provided. Provided Sublessee is not in default under the terms of this Sublease Agreement, Sublessee may extend the term of this Sublease for one (1) period of five (5) years (the "Extension Term") by giving written notice to that effect to Sublessor not later than one hundred eighty (180) days prior to the expiration of the Initial Term. As hereinafter used in this Sublease Agreement, the term "Sublease Term" shall include both the Initial Term and the Extension Term.
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Related to Term; Extension; Early Termination

  • Term Extension It is understood and agreed that the State may extend the Term an additional period of time, not to exceed one hundred-eighty (180) days beyond the expiration date of this Grant Contract, under the same terms and conditions. In no event, however, shall the maximum Term, including all extensions or renewals, exceed a total of sixty (60) months.

  • Early Termination In the absence of any material breach of this Agreement, should the Trust elect to terminate this Agreement prior to the end of the term, the Trust agrees to pay the following fees:

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • ISDA Early Termination Date Party A has the right to designate an Early Termination Date pursuant to Section 6 of the Agreement;

  • Extension Term Provided Lessee is not in default in the performance of any term or condition of this Lease, Lessee shall have the option to extend this Lease for two (2) additional terms of five (5) years per term, commencing with the expiration of the first or additional term, upon the following conditions:

  • Payment upon Early Termination (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

  • Payments on Early Termination For the purpose of Section 6(e) of this Agreement:

  • EXPIRATION OF EMPLOYMENT TERM; NON-EXTENSION OF AGREEMENT Upon the expiration of the Employment Term due to a non-extension of the Agreement by the Company or the Employee pursuant to the provisions of Section 2 hereof.

  • Non-Renewal Termination If the Agreement expires as set forth in Section 6(g) [Non-Renewal Termination], then, subject to Section 22 [Compliance with Section 409A], in addition to all salary, annual bonuses, expense reimbursements, benefits and accrued vacation days earned by the Executive pursuant to Section 4 through the date of the Executive’s termination of employment, the Executive shall be entitled to the compensation set forth in Sections 8(d)(i) through (v), provided that within sixty days following the Executive’s termination of employment (i) the Executive has executed and delivered the Release to the Company, and (ii) the Release has become irrevocable:

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