Expiring Term definition

Expiring Term means, when used in the context of any Option to Renew, the Term as it is then scheduled to expire (immediately prior to exercise of the next available Option to Renew).
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Expiring Term means, at the time of reference, the Term as it is then scheduled to expire.
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Expiring Term means, when used in the context of any Option to Renew,
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Examples of Expiring Term in a sentence

  • In the event the Tenant desires to exercise the Option to Renew, the Tenant shall do so exclusively by giving timely notice thereof to the Landlord no earlier than seven, and no later than six, months prior to the end of the Expiring Term, and indicating in that notice whether or not the Market Rental Rate in effect eight months prior to the end of the Expiring Term is acceptable.

  • If the option is properly exercised, the period to which it relates shall commence upon the end of the Expiring Term.

  • Notwithstanding anything to the contrary contained herein, following any such relocation, neither the amount of Basic Rent payable by the Tenant hereunder during the Expiring Term nor the Tenant’s Share of Taxes, Operational Expenses or Annual Amortized Capital Expenditures payable by the Tenant hereunder during the Expiring Term shall be increased in the event that the gross rentable square footage of the substitute new premises is greater than that of the original Leased Premises.

  • Within four weeks of the giving of such notice, the Landlord shall give notice to the Tenant of the Market Rental Rate in effect eight months prior to end of the Expiring Term.

  • The periods to which these options relate shall respectively commence upon the end of the respective Expiring Term.

  • The respective options and the respective periods to which each option relates shall be consecutive and, if the respective option is properly exercised, the respective period to which it relates shall commence upon the end of the Expiring Term.

  • If the Option to Renew is properly exercised, the Renewal Term shall commence upon the end of the Expiring Term.

  • If Tenant rejects Landlord’s quotation of the Market Rental Rate, the Market Rental Rate shall be determined in accordance with Section 33.1. Regardless of the final determination of Market Rental Rate in accordance with Lease, ▇▇▇▇▇▇’s election to proceed with the Renewal Term shall be made no later than 9 months prior to the end of the Expiring Term.

  • Cooperative Members may nominate (Member Petition Nominations), through an Official Petition Form provided by the Cooperative, qualified individuals to run for an Expiring Term Trustee Office at the Annual Member Meeting.

  • Within four weeks of the giving of such notice, the Landlord shall give notice of the Tenant of the Market Rental Rate in effect eight months prior to end of the Expiring Term.


More Definitions of Expiring Term

Expiring Term means, when used in the context of the Option of Renew, the Initial Term. 1.29.
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