Initial Lease Term definition

Initial Lease Term. Four (4) years plus any additional days required for the Initial Expiration Date to occur on the last day of a month as set forth in Paragraph 2.5.2, below, beginning as of the Lease Commencement Date and ending as of the Initial Expiration Date.

Initial Lease Term means the initial lease term shown on the signature page of the Agreement.

Initial Lease Term means the Lease Term as defined in the Lease.

Examples of Initial Lease Term in a sentence

• Initial Lease Term: The Initial Lease Term is for a minimum of ten (10) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest.

• The Initial Lease Term is for a minimum of ten (10) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest.

• Initial Lease Term: The Initial Lease Term is for a minimum of five (5) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest.

• Initial Lease Term: The Initial Lease Term is for a maximum of ten (10) years.

• On or before the termination date of the Initial Lease Term or any current Extension Term of this Lease, the Williamson County Commissioners Court reserves the right, at its sole discretion, to extend this Lease, for up to Two (2) additional One (1) year terms as it deems in the best interest of Williamson County; provided that Lessee also wishes to extend this Lease.

More Definitions of Initial Lease Term

Initial Lease Term means the period of months set forth following such term on the cover page of this Lease.

Initial Lease Term means the period of time specified in the Summary commencing at noon on the Commencement Date specified in the Summary and expiring at noon on the Expiration Date described in the Summary (the Initial Lease Term together with any extensions thereof is herein referred to as the “Lease Term”).

Initial Lease Term means, with respect to each Schedule, the period beginning on the first day of the calendar month following the Acceptance Date for such Schedule and continuing for the number of months set forth following such term on the cover page of this Lease.

Initial Lease Term means the term of this Lease for any item of Equipment as set forth in the Addendum or Schedule relating to such item of Equipment.

Initial Lease Term shall have the meaning set forth in Subparagraph 2.2(a).

Initial Lease Term. Five years and zero months (plus any period of time between the Lease Commencement Date and the Rent Commencement Date (as defined below) provided that if the Rent Commencement Date is other than the first day of a calendar month, then such additional period will be extended until the first day of the calendar month immediately following the Rent Commencement Date—beginning as of the Lease Commencement Date and ending as of the Initial Expiration Date (as such terms are defined below); subject to any early access rights provided to Tenant pursuant to the Addendum attached hereto.

Initial Lease Term shall have such meaning as is set forth in Exhibit B