Release Term definition
Examples of Release Term in a sentence
Payment of the Security Deposit by Producer shall serve to reserve the Released Space for Producer during the Release Term.
Nothing contained herein shall constitute Owner's consent to any such holding over and Owner expressly reserves the right to require Producer to surrender possession of the Released Space upon expiration of the Release Term.
The cost to Owner for its employee(s), including union wages, as applicable, during the Release Term shall be paid by Producer.
Owner shall have the right to have one or more of its employees at the Released Space during the Release Term, provided such employee(s) does not unreasonably interfere with Producer's activities.
During the Release Term, Producer shall be responsible for providing its own electricity in connection with the Production through mobile generators or other means and shall have no right to tie into the power supply at the Premises.
The Operator shall use reasonable efforts to complete by the date 36 months after the date hereof all such activities that the Operator deems necessary for such purpose.
Producer and its agents shall be entitled to use parking privileges during the Release Term.
Producer shall pay Owner for the use of the Released Space on the Scheduled Dates, no later than ten (10) business days prior to the first day of the Release Term, in accordance with the following fee schedule (the "Usage Fee").
If Producer holds over after the expiration or earlier termination of the Release Term, such use shall be day-to-day only, and shall not constitute an extension of the Release Term, and in such case the fees for such hold over days shall be payable at a daily rate equal to twice the daily rate set forth in Paragraph 5, above.
If Producer requires use of space other than the Released Space during the Release Term, Producer shall obtain Owner's prior written consent which may be withheld in Owner's sole discretion.