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.
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Original Term means the period from the Commencement Date until the end of the fiscal year of Lessee in effect at the Commencement Date.
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Original Term shall have the meaning specified in Section 10 hereof.
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Examples of Original Term in a sentence

  • If an Event of Nonappropriation occurs, this Lease shall be deemed terminated at the end of the Original Term or the then-current Renewal Term.

  • All amounts so advanced by the Trustee shall constitute Supplemental Rent for the Original Term or then current Renewal Term, and the City covenants and agrees to pay such amounts so advanced by the Trustee with interest thereon from the due date until paid at the Trustee’s current prime rate plus 2% per annum or the maximum amount permitted by law, whichever is less.

  • The City hereby agrees and determines that the Rent hereunder during the Original Term and any Renewal Term represents the fair value of the use of the Leased Equipment and that the Purchase Price required to exercise the City’s option to purchase the Trustee’s interest in the Leased Equipment pursuant to Section 10.01 represents the fair Purchase Price of the Leased Equipment.

  • Upon expiration of the Original Term, this Agreement shall automatically renew for another one (1) year term ("Extended Term").

  • The Original Term of this Lease shall terminate the last day of the current Fiscal Year (March 31, 2026).


More Definitions of Original Term

Original Term shall have the meaning set forth in Section 2 below.
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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.
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Original Term is defined in Section 2.1 below.
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Original Term shall have the meaning set forth in Section 13.1.
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Original Term shall have the meaning specified in paragraph 12 hereof.
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Original Term means, with respect to each Lease, the period from the Commencement Date identified in the related Schedule until the end of the fiscal year of Lessee in effect at such Commencement Date.
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Original Term means, with respect to any Receivable, the total number of months over which monthly installment payments are due under the related Contract.
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