Term; Option to Extend. Unless sooner terminated pursuant to the terms of this Agreement, the term of this Agreement shall commence on the Effective Date and shall continue until the later of (i) the third (3rd) anniversary of the Effective Date and (ii) the completion of all deliverables contemplated by the Project Plan and Exhibit B (such period during which this Agreement is in effect, the “Term”). The Parties may, by written agreement, extend the Term of this Agreement for an additional period of time.
Term; Option to Extend. Unless sooner terminated pursuant to the terms of this Agreement, the term of this Agreement (the "Term") shall commence on the Effective Date and shall continue until [*]; provided, however, that the Parties may extend the Term for an additional one (1) year upon mutual written agreement of terms and conditions to be reached no later than [*]. During any such extension, all terms of this Agreement and the Quality Agreement shall apply. As used herein "Term" shall mean the initial Term, including any extension thereof.
Term; Option to Extend. (a) The term of this Lease shall commence and, unless sooner terminated as hereinafter provided, shall end on the dates respectively specified in the Basic Lease Information. If Landlord shall permit Tenant to occupy the Premises prior to the date of term commencement, such occupancy shall be subject to all the terms of this Lease. If Landlord, for any reason whatsoever, cannot deliver possession of the Premises to Tenant on the date of term commencement, this Lease shall not be void or voidable, nor shall Landlord be liable to Tenant for any loss or damage resulting therefrom, but in that event, rental shall be waived for the period between commencement of the term and the time when Landlord delivers possession to Tenant. The date of term expiration shall be extended by the number of days of delay in delivery of possession and any additional period required so that it will expire on the last day of a calendar month, and the commencement and expiration dates shall be confirmed in a Verification Memorandum in the form of Exhibit B executed by Landlord and Tenant promptly following delivery of possession. Notwithstanding anything to the contrary contained herein, if Landlord has not delivered the Premises to Tenant on or before 15 days after Tenaxx xxxivers duly executed counterparts of this Lease to Landlord, then Tenant shall have the right within 10 days thereafter to cancel this Lease, and upon such cancellation, Landlord shall return all sums theretofore deposited by Tenant with Landlord, and neither party shall have any further liability to the other.
Term; Option to Extend. 2 4. POSSESSION....................................................... 4 5. RENT............................................................. 5
Term; Option to Extend. This Agreement will remain in effect until ACG Processes three million tons of Sand for GFES. GFES has the option to extend this Agreement for two additional three million tons of Processed Sand once ACG Processes the initial three million tons of Sand for GFES. GFES must make such election in writing to ACG on or before GFES’ consumption of 2.6 million tons of Sand.
Term; Option to Extend. The initial term of this Lease shall commence on July 1, 1989 or such earlier date as the parties shall mutually agree upon. This date shall hereinafter be referred to as the "Commencement Date." The initial term of this Lease shall end at midnight on June 30th, 1999. Upon the condition that there is no default by Tenant in the performance of any provision of this Lease, Tenant may extend the term of this Lease for one (1) additional period of ten (10) years. Tenant shall exercise this option for an extended term by notifying Landlord in writing at least one hundred and eighty (180) days prior to the expiration of the initial term. If Tenant exercises the option to extend the term of this Lease, all of the terms and conditions set forth in this Lease shall continue to apply during the extended term, except that there shall be no privilege to extend the term of this Lease for any period of time beyond the expiration of the extended term.
Term; Option to Extend. 6.1 The term of this Lease shall be for a period of six (6) years commencing on July 1, 2004, and terminating on June 30, 2010.
Term; Option to Extend. Unless sooner terminated pursuant to the terms of this Agreement, the term of this Agreement shall commence on the Effective Date and shall continue [*] = Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. until the later of (i) the fifth anniversary of the Effective Date and (ii) the completion of all activities contemplated by the Project Plan and Exhibit B (such period during which this Agreement is in effect, the “Term”). The Parties may, by written agreement, extend the Term of this Agreement for an additional period of time.
Term; Option to Extend. The Term of this Lease shall Commence July 1, 2002 ("Commencement Date"), and shall continue until it expires at 12:00 Midnight on June 30, 2007 (not including any renewal thereof) ("Term"). Tenant shall have the option to extend the Term for one (1) additional, successive term of Five (5) years based upon the same conditions and terms contained herein, by giving Landlord written notice of its intent to do so at least one hundred eighty (180) days prior to the expiration of the then current Term except that the rent for the extension period shall be at the prevailing market rate. In the event that Landlord and Tenant are unable to agree upon the rental rate for the option period, Tenant and Landlord shall each hire and appoint a licensed real estate appraiser knowledgeable in the New Haven rental market to determine market value. In the event the two independent appraisers cannot agree on the market value of the premises, Landlord's appraiser and Tenant's appraiser shall appoint a third appraiser to help establish market value. In no way shall the opinion of the third appraiser be less than the market rental value established by Tenant's appraiser and no more than established by Landlord's appraiser. Further, in no way shall the rent for the option period be less than the rental rate of the first term of the lease.
Term; Option to Extend. So long as Tenant is not in ------------------------- default under this Lease, either at the time of exercise or at the time the extended Term commences, Tenant will have the option to extend the initial ten (10) year Term of this Lease for two additional periods of five (5) years (the "Option Periods") on the same terms, covenants, and conditions of this Lease. Tenant will exercise its option by giving Landlord written notice ("Option Notice") at least one hundred eighty (180) days, but not more than three hundred sixty (360) days prior to the expiration of the initial Term or the first Option Period.
