Expiration of the Term definition

Expiration of the Term means the expiration of the Initial Term of this Lease, or the expiration of any Extension Terms thereof, as the case may be, or on such earlier date as this Lease may be terminated as provided herein.

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Expiration of the Term means the expiration of the Initial Term or any Renewal Term pursuant to a notice of non-renewal by either party as provided in Section 1. For the avoidance of doubt, an Expiration of the Term shall not constitute a termination of employment by the Company other than death, Disability or Cause, or a termination of employment by Executive for Good Reason.

Expiration of the Term means the termination of this Lease by either effluxion of time or operations of any of its provisions.

Examples of Expiration of the Term in a sentence

• Expiration of the Term of this Covenant as set forth in Section 1.3.

• Expiration of the Term shall not terminate mutually agreed to obligations and commitments included within this Agreement that are expressly specified to extend beyond the Term, or any extensions thereof.

• If the Bank does not retain Executive as an employee after the Expiration of the Term, Executive's employment shall cease without further liability of the parties to each other.

• Expiration of the Term upon the fifth anniversary of the Effective Date shall not be considered a termination of employment entitling Executive to severance pay or benefits under Section 5(b) or 5(c) hereof.

• Expiration of the Term or termination of this Agreement shall not relieve the Parties of any obligation accruing prior to such expiration or termination.

• Expiration of the Term does not alleviate End-User of responsibility for paying all unpaid, accrued charges due hereunder.

• Expiration of the Term shall not constitute termination of Executive's employment during the Term for purposes of termination benefits under Section 6 of this Agreement.

• The provisions of this Section shall survive the Expiration of the Term.

• This Agreement may be renewed at the Expiration of the Term upon mutual written agreement of the parties.

• Lessee has no right to cancel or terminate this Lease prior to the Expiration of the Term.

More Definitions of Expiration of the Term

Expiration of the Term means the last day of the Lease Term. ----------------------

Expiration of the Term means the expiration of the Term upon the Expiration Date. “Extension Term(s)” has the meaning provided in Section 2.2(b) hereof.

Expiration of the Term means the expiration of the initial Term of this Lease, or the expiration of any extensions thereof, as the case may be, or on such earlier date as this Lease may be terminated as provided herein. "Fair Market Rent" means the rent that the Land should bring if it were raw and unimproved (i.e., all existing Improvements shall be disregarded) and if it were available for use only for the same uses as the Project as it is then being used, in a competitive and open market under all conditions requisite to a fair lease, Owner and Tenant each acting prudently, knowledgeably, and assuming the rent is not affected by undue stimulus. Implicit in this definition is consummation of a lease as of a specified date under conditions whereby: (i) Owner and Tenant are typically motivated; (ii) Both parties are well-informed or well-advised and acting in what they consider their own best interests; (iii) A reasonable time is allowed for exposure in the open market; (iv) Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and

Expiration of the Term means the last day of the Lease Term.

Expiration of the Term shall have the respective meaning set forth in Section 2.

Expiration of the Term means either the Expiration Date or the Fixed Expiration Date, whichever is applicable.