Original Term definition

Original Term means the period from the Commencement Date until the end of the fiscal year of Lessee in effect at such Commencement Date.
Original Term shall have the meaning specified in Section 10 hereof.
Original Term shall have the meaning set forth in Section 2 below.

Examples of Original Term in a sentence

  • The term of this Lease shall commence on July 1, 2024 (the "Lease Commencement Date") and shall expire on June 30, 2026 (the "Original Term ").

  • The Original Term of this Lease shall commence on the Commencement Date as indicated in Exhibit A hereto and shall terminate at 12:00 midnight of the last day of Lessee’s current Fiscal Year.

  • Xxxxxx expressly acknowledges and agrees that appropriation for Rental Payments is a governmental function which rests solely with the Board of Lessee, and Xxxxxx cannot contractually commit itself in advance to appropriate sums for Rental Payments beyond the Original Term.

  • Lessee’s obligation to make Rental Payments during the Original Term and the then current Renewal Terms shall not be abated through accident or unforeseen circumstances.

  • Lessee shall pay Rental Payments, exclusively from legally available funds, in lawful money of the United States of America to the Lessor during the Original Term and any Renewal Terms as hereinafter provided.


More Definitions of Original Term

Original Term means, with respect to a Property Schedule, the period from the Commencement Date until the end of the budget year of Lessee in effect at the Commencement Date.
Original Term is defined in Section 2.1 below.
Original Term shall have the meaning specified in paragraph 12 hereof.
Original Term shall have the meaning set forth in Section 13.1.
Original Term means the period from the Commencement Date until the end of the fiscal year of Lessee in effect at the Commencement Date, as set forth in Section 3.2.
Original Term has the meaning set forth in Section 3.1.
Original Term is defined in the Program Schedule for each Transaction Card Program.