Examples of Original Term in a sentence

The terms and conditions during any Renewal Term shall be the same as the terms and conditions during the Original Term, except that the Base Rentals shall be as otherwise specified in the Master Lease, for each such Renewal Term, as such Schedule may be revised as provided in the Master Lease.
The Lease Term was continued, solely at the option of the Board, beyond the expiration of the Original Term for an additional one year, (the first “Renewal Term”) and for additional Renewal Terms thereafter each of one year in duration.
Upon an Event of Default under the Indenture, but only upon such an Event of Default, the Trustee shall have a first lien with right of payment, prior to payment on account of principal of and premium, if any, and interest on any Bond, upon the Trust Estate for the foregoing fees, charges and expenses incurred by it.THE MASTER LEASE Commencement of Lease Term The Original Term commenced as of the date of delivery of the Series 2021 Bonds and terminated at midnight on June 30, 2022.

More Definitions of Original Term

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 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.