Examples of Initial Lease Term in a sentence
The Initial Lease Term together with any Renewal Term(s) shall be referred to as the Lease Term.
Once a Purchasing Entity enters into a lease agreement, the rate must remain fixed throughout the Initial Lease Term.
If Tenant wishes to renew the Lease beyond the Initial Lease Term, Tenant must provide written notice of such intent to Landlord at least one hundred and twenty (120) days prior to the expiration of the Initial Term.
The Initial Lease Term will expire at midnight August 31, 2027 (“the Termination Date”).
Upon completion of the Agreement, in the event that the Customer opts to not purchase the Equipment, as described under Section 4.2, the Customer shall be responsible for any cost associated with the safe return of the Equipment to Miraclon within thirty (30) days from the end of the Initial Lease Term or any Renewal Term.