New Initial Term definition

New Initial Term shall have the meaning set forth in Section 10.1 of this Agreement.
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New Initial Term shall have the meaning set forth in Section 10.1 of this Agreement. 1.24“Non-Renewal Notice” shall have the meaning set forth in Section 10.1 of this Agreement. 1.25“Notice of Proposal to Negotiate” shall have the meaning set Forth in Section 10.5 of this Agreement. 1.26“Person” means any individual, corporation, partnership, joint venture, limited liability company, estate, trust, unincorporated association, any federal, state, county or municipal government or any bureau, department or agency thereof and any fiduciary acting in such capacity on behalf of any of the foregoing. 1.27“Real Estate Investment Trust” means a “real estate investment trust” as defined under the Code. 1.28“REIT” shall have the meaning set forth in the Preamble of this Agreement and shall include any subsidiary and any successor thereto. 1.29“REIT Provisions of the Code” means Sections 856 through 860 of the Code. 1.30“Renewal Term” shall have the meaning set forth in Section 10.1 of this Agreement. 1.31“Xxxxxx Xxxx” shall have the meaning set forth in Section 2.5 of this Agreement. 1.32“Sub-Management Agreement” shall have the meaning set forth in Section 2.5 of this Agreement. 1.33“Termination Fee” means an amount equal to the greater of (a) the Base Management Fee, calculated immediately prior to the effective date of the termination of this Agreement pursuant to Section 10.2, for the remainder of the then-current New Initial Term or Renewal Term and (b) three (3) times the Base Management Fee paid to the Manager in the preceding full twelve (12) months, calculated as of the effective date of the termination of this Agreement pursuant to Section 10.2. 2.
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Examples of New Initial Term in a sentence

  • All references in the Agreement to renewals shall include the New Initial Term and the New Renewal Term(s).

  • Starting on the first day of the New Initial Term and on the first day of every month thereafter, SprintCom will pay Rent in advance in equal monthly installments of Two Thousand Three Hundred and No/100 Dollars ($2,300.00) (“Rent”).

  • Lakeland agrees to enroll for automated payment no less than thirty (30) days prior to the commencement of the New Initial Term.

  • Hereafter, the defined term “Term” shall include the New Initial Term and any applicable Extension Term.

  • The Agreement will be automatically renewed for up to five (5) additional five (5) year terms (each an “Extension Term”) upon the same terms and conditions of the Agreement, as amended herein, without further action by Tenant, unless Tenant notifies Landlord in writing of Tenant’s intention not to renew the Agreement at least sixty (60) days prior to the expiration of the New Initial Term or the then current Extension Term.

  • A Corporate Event during the New Initial Term or thereafter, which gives rise to or results in a termination of this Agreement or a material diminution of the Manager's duties or aggregate compensation (other than as voluntarily agreed by the Manager), shall be deemed a termination without Cause and subject to the payment of the Termination Fee pursuant to Section 10.4. 10.2.2The Manager may terminate the agreement at any time and for any reason upon 180 days’ prior written notice to the REIT.

  • In the event that the REIT and the Manager are unable to agree to the terms of the revised compensation to be payable to the Manager during such 45-day period, this Agreement shall terminate, such termination to be effective on the expiration of the New Initial Term or Renewal Term then in effect, as applicable.

  • The Agreement will be automatically renewed for up to five (5) additional five (5) year terms (each an “Extension Term”) upon the same terms and conditions of the Agreement, as amended herein, without further action by Xxxxxx, unless Tenant notifies Landlord in writing of Tenant’s intention not to renew the Agreement at least sixty (60) days prior to the expiration of the New Initial Term or the then current Extension Term.

  • Xxxxxxxx agrees and acknowledges that except that as such permitted use or other rights may be amended herein, Tenant may continue to use and exercise its rights under the Agreement as permitted prior to the New Initial Term.

  • After the New Initial Term, the REIT may terminate the agreement without Cause upon 180 days’ prior written notice to the Manager and subject to payment of the Termination Fee pursuant to Section 10.4 (except as otherwise provided in Section 13.1).

Related to New Initial Term

  • Initial Term has the meaning set forth in Section 7.1.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Initial Contract Period means the period from the Commencement Date to the date of expiry set out in clause A2 (Initial Contract Period), or such earlier date of termination or partial termination of the agreement in accordance with the Law or the provisions of the Contract.

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Original Term means the period from the Commencement Date until the end of the fiscal year of Lessee in effect at such Commencement Date.

  • Renewal Term has the meaning set forth in Section 2.

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Agreement Term has the meaning set forth in Section 11.1.

  • Additional Term shall have the meaning set forth in Section 8.2.

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Exclusivity Period shall have the meaning set forth in Section 6.11.

  • Minimum Term means each minimum initial and subsequent period of service for each Service as shown on the Service Agreement and Order Schedule, the initial period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed or if not stated on the Service Agreement or order schedules, the Minimum Term will be 12 months or such other period as may be notified to you in accordance with paragraph 19.2.

  • Order Form Term means the duration of an Order Form.

  • Research Term has the meaning set forth in Section 3.2.

  • Base Term Beginning (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on August 31, 2024.”

  • Initial Term Facility means the Initial Term Loan Commitment and the Initial Term Loans made hereunder.

  • Extension Term means the time period defined in §2.C.

  • Period of Extended Hire means any additional period that the Hirer wishes the Agency Worker to be supplied for beyond the duration of the original Assignment or series of assignments as an alternative to paying a Transfer Fee;

  • Term Start Date has the meaning set forth in Section 1.01.

  • Initial Term Loans means the term loans made by the Initial Term Lenders to the Borrower pursuant to Section 2.01(a)(i).

  • Basic Term shall have the meaning specified in Section 2.2 of the Lease.

  • Extended Terms shall have the meaning given such term in Section 2.4.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Renewal Terms means the renewal terms of a Property Schedule, each having a duration of one year and a term coextensive with Lessee's budget year.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.