TERM OF ENA Sample Clauses

TERM OF ENA. This ENA shall be effective commencing with the date first written above and continuing for a period through and including the earlier of (a) the approval and execution of the DDA by a majority vote of the SRA Board of Directors, or (b) June 30, 2022 ( the “Initial Term”). The Developer may extend the Initial Term until June 30, 2023 (the “First Extended Term”) by delivering written notice to the SRA at least thirty (30) days prior to the expiration of the Initial Term; and, in the event the Developer exercised the First Extended Term, the Developer may further extend the First Extended Term until December 31, 2023 by delivering written notice to the SRA at least thirty (30) days prior to the expiration of the First Extended Term (the “Second Extended Term” and, together with the Initial Term and the First Extended Term, collectively, the “Term”). This ENA shall terminate automatically upon the earlier to occur of (i) expiration of the Term, as the same may be extended, (ii) entry of a new Disposition and Development Agreement (the “DDA”) with the SRA; or, (iii) thirty (30) days following written notice to the SRA that the Developer has elected to terminate this Agreement based on its good faith determination that it will be unable to acquire the fee simple interest in the Property; and, in either case, neither party shall have any further rights or obligations hereunder, except with respect to those matters that expressly survive termination. Any extensions that extend the Term beyond December 31, 2023 shall be mutually agreed to by the Developer and by a majority vote of the SRA Board of Directors.
Sample 1
AutoNDA by SimpleDocs
TERM OF ENA. This ENA shall be effective commencing with the date first written above and continuing for a period through and including the earlier of (a) the approval and execution of the DDA by a majority vote of the SRA Board of Directors, or (b) March 31, 2021 ( the “Term”). This ENA shall terminate automatically upon the expiration of the Term and neither party shall have any further rights or obligations hereunder, except with respect to those matters that expressly survive termination. Any extensions shall be mutually agreed to by the Developer and by a majority vote of the SRA Board of Directors.
Sample 1

Related to TERM OF ENA

  • Term of Engagement This Agreement will remain in effect for 12 months from the date of this Agreement. The parties hereto may terminate or extend this Agreement at any time by written consent.

  • Term of Agreement This Agreement shall continue in full force and effect until the tenth (10th) anniversary of Bank Closing; provided, that the provisions of Section 6.3 and 6.4 shall survive the expiration of the term of this Agreement; and provided further, that the receivership of the Failed Bank may be terminated prior to the expiration of the term of this Agreement, and in such event, the guaranty of the Corporation, as provided in and in accordance with the provisions of Section 12.7 shall be in effect for the remainder of the term of this Agreement. Expiration of the term of this Agreement shall not affect any claim or liability of any party with respect to any (i) amount which is owing at the time of such expiration, regardless of when such amount becomes payable, and (ii) breach of this Agreement occurring prior to such expiration, regardless of when such breach is discovered.

  • Term of Agreement; Termination The term of this Agreement shall commence on the date hereof and such term and this Agreement shall terminate upon the earlier to occur of (i) the Effective Time, and (ii) the date on which the Merger Agreement is terminated in accordance with its terms. Upon such termination, no party shall have any further obligations or liabilities hereunder; PROVIDED, HOWEVER, such termination shall not relieve any party from liability for any breach of this Agreement prior to such termination.

  • Term of the Lease The lease begins at p.m. on (the “Check-in Date”) and ends at a.m. on (the “Checkout Date”).

  • 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.

  • Lease Term The terms and provisions of this Lease shall be effective as of the date of this Lease. The term of this Lease (the “Lease Term”) shall commence on the “Lease Commencement Date,” as that term is set forth in Section 3.2 of the Summary, and shall terminate on the “Lease Expiration Date,” as that term is set forth in Section 3.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. Tenant hereby acknowledges that the Premises are currently occupied by another tenant of the Building. If Landlord is unable for any reason to deliver possession of the Premises to Tenant on any specific date , then Landlord shall not be subject to any liability for its failure to do so, and such failure shall not affect the validity of this Lease or the obligations of Tenant hereunder. For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month period during the Lease Term. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall execute and return to Landlord within ten (10) business days of receipt thereof; provided, however, Tenant’s failure to execute and return such notice to Landlord within such time shall be conclusive upon Tenant that the information set forth in such notice is as specified therein. In addition to the foregoing, subject to any delays caused by Tenant or any Tenant Parties and events of Force Majeure, if Landlord fails to tender possession of the Premises to Tenant on or before January 2, 2015 (the “Base Rent Delivery Date”), Tenant shall be entitled to one (1) day of per diem Base Rent abatement for each day commencing on the day after the Base Rent Delivery Date and ending on the date Landlord so tenders possession of the Premises to Tenant. Any such Base Rent Abatement shall be separate from and in addition to any Rent Abatement described in Section 3.2 below.

  • Renewal Contract Term Upon mutual written agreement, the Parties may renew this Contract, in whole or in part, for a Renewal Term not to exceed the Initial Contract Term, pursuant to the incorporated Special Contract Conditions.

  • Commencement of Term The Term commences upon the Commercial Operation 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

  • TERM OF LEASE This Lease shall commence on the date of ________ and shall continue until its natural termination under this part on the date of ________ at 11:59 PM. After the date of termination, this Lease shall automatically renew and shall continue for the same term amount until Landlord or Tenant undertake cancellation of this Lease in writing. At the expiration of this Lease, Tenant shall be responsible for providing a forwarding address to Landlord to receive any funds owed or other notices.

Time is Money Join Law Insider Premium to draft better contracts faster.