TERM - OPTION TO RENEW. 5. Employees
TERM - OPTION TO RENEW. Landlord leases the Premises to Tenant and Tenant hires and takes the Premises from Landlord, for a term of five (5) Lease Years commencing on the first day of October, 2006 (the “Lease Commencement Date”) and expiring at midnight on the last day of the 60th month thereafter unless sooner terminated pursuant to the terms hereof. Tenant may at Tenant’s option, with one hundred eighty (180) days prior written notice to Landlord, terminate this Lease prior to its termination date, subject to Tenant’s payment to Landlord of a early termination fee equal to the present value of the remaining rental payments due to Landlord net of Tenant’s actual paid moving expenses. “
TERM - OPTION TO RENEW. (a) The initial term of this Lease shall be for three (3) years, beginning July 15, 1998 and continuing until July 14, 2001, unless earlier terminated as provided in paragraph 3 below.
TERM - OPTION TO RENEW. This Contract is effective on the date it has been signed by all parties and all required State of Oregon approvals have been obtained (“Effective Date”). This Contract expires on or the date Contractor has completed all Services in accordance with the requirements of this Contract, as determined by Agency. The parties may extend the term of this Contract, upon written notice given to the other party at least thirty (30) days prior to the end of the then current term, for additional one year terms, provided, however, that the total term of this Contract will not be more than ( ) years from the Effective Date.
TERM - OPTION TO RENEW. This Sublease shall commence on the last to occur of (a) full execution of this Sublease by the parties and execution of Landlord's written consent to this Sublease (including the use provision), in the form attached, and (b) September 1, 2002 ("Commencement Date") and, subject to sooner termination in accordance with the terms of this Sublease, shall terminate Sixty Four (64) months after the Commencement Date (the "Term"), which Term is less than the remaining term under the Master Lease. If Landlord has failed to deliver its written consent to this Sublease, substantially in the form attached, by October 1, 2002, either party shall have the right to terminate this Sublease, by written notice delivered to the other party within ten (10) days of such date and prior to delivery of Landlord's consent, in which event this Sublease shall be of no further force and effect. If Subtenant is not and has not been in default under this Sublease, Subtenant shall have the option to extend the Term of this Sublease for one additional period equal to the remaining term of the Master Lease less two (2) weeks, by giving Sublandlord written notice thereof not more than twelve (12) or less than nine (9) months prior to the expiration of the initial Term. The terms and conditions of the Sublease as extended shall remain the same, except Monthly Rent, which shall be 95% of the then market Illegible for similar office space in the Snoqualmie Ridge submarket. Subtenant shall submit to Sublandlord, with its notice of option exercise, its proposal for such option period rent. If Sublandlord disagrees with Subtenant's proposal, it shall provide Subtenant with a counter proposal within twenty (20) days of receipt of Subtenant's proposal. If Subtenant disagrees with Sublandlord's counterproposal, it shall so notify Sublandlord within twenty (20) days of receipt thereof, and the Monthly Rent shall be determined as follows: Subtenant and Sublandlord shall each, within ten (10) days after notice from Subtenant, select a real estate agent with at least ten (10) years experience in the office market which includes the Premises, and each agent so chosen shall select a third with the same qualifications. The three so chosen shall determine Monthly Rent for the option term and convey their decision by written notice to the parties. No explanation, hearing or court-like proceedings are to be conducted. If the three agents are unable to agree on rent, the two closest rent determinations shal...
TERM - OPTION TO RENEW. The term of this Lease shall commence on May 1, ---------------------- ------------------ 1995 and shall terminate at 12:01 a.m., on April 30, 1997, unless terminated ---- --------- -------------- earlier as provided in this Lease. Landlord hereby grants to Tenant the option ------ ------ to extend the term of this lease for a period of two additional years at the ---------------------------------------------------------------------------- same rent and under the same terms herein. The option shall be exercised by ---------------------------------- giving written notice to Landlord of the exercise of option between January 1, --------------------------------------------------------------- 1997 and February 28, 1997. --------------------------
TERM - OPTION TO RENEW. The term of this Lease shall commence on the Commencement Date and end the last day of the 204th full calendar month following the Commencement Date. Provided that this Lease has not been terminated as a result of condemnation or casualty as set forth in Sections 15 and 16 hereof, and further provided that there is no uncured Event of Default at the time of exercise of the First Option or Second Option, as such terms are defined herein, Tenant may extend the initial Term of this Lease for a renewal period of five (5) years (“First Option”) and if the First Option is exercised, a second renewal period of five years thereafter (“Second Option”). To exercise the First Option or Second Option, Tenant must serve written notice to Landlord not less than 12 months before the scheduled expiration of the initial Term or First Option, as the case may be. The renewal period shall be deemed part of the Term and shall be on the same terms and conditions as set forth in this Lease, except the Basic Rent for the First Option or Second Option, as the case may be, will be the “Prevailing Market Rent” as defined and computed in accordance with Exhibit B attached hereto.
TERM - OPTION TO RENEW. (a) The initial term of this Sublease (the "Initial Term") shall commence on the earlier of (i) May 1, 1998 or (ii) the date on which the Subtenant Improvements (as hereinafter defined) are substantially completed (the "Commencement Date"), and shall expire on April 30, 2004. In the event that the Initial Term shall commence prior to May 1, 1998, Subtenant shall be entitled to occupy the Premises without being obligated to pay Base Rent for any period prior to May 1, 1998; PROVIDED, HOWEVER, that such occupancy by Subtenant shall be expressly subject to all of the other terms and conditions of this Sublease, including without limitation the obligations to pay Operating Expenses, to maintain the Premises, to maintain the required insurance coverages and to indemnify Sublandlord and Landlord.
TERM - OPTION TO RENEW. This Contract is effective on the date it has been signed by all parties and all required State of Oregon approvals have been obtained (“Effective Date”). Unless terminated earlier in accordance with its terms, the initial term of this Contract is for four years from the Effective Date and expires on July 1, 2019. The parties may agree to extend the term of this Contract for additional one- or two-year periods, for a total term not-to- exceed ten (10) years. Contract termination shall not extinguish or prejudice OPERSright to enforce this Contract with respect to any default by Contractor that has not been cured.