Examples of Renewal Option in a sentence

The District, at its discretion and in lieu of Renewal by Agreement as set forth in the immediately preceding subparagraph, has the option to create a renewal term by providing written notice to the Service Provider in the form substantially equivalent to EXHIBIT C – Sample Renewal Option Letter.
Performance during a renewal term created by Renewal Option Letter shall continue at the same prices and rates and under the same terms as set forth in the Agreement.
Tenant may exercise its option for the Renewal Term (each, a “Renewal Option”) by providing irrevocable written notice (each, a “Renewal Notice”) to Landlord of Tenant’s election to exercise such Renewal Option in accordance with the provisions of this Section 6.
The first executed Renewal Option Letter shall be labeled EXHIBIT C.1. Each subsequently issued Renewal Option Letter shall be labeled EXHIBIT C.2, C.3, and C .4, and, when executed, shall become a part of and be governed by the Agreement.
The Aviation Authority shall pay to the Contractor during the renewal term of the Contract, upon satisfactory completion of the work required by the provisions of the Contract, the Unit Prices as shown on Attachment “A-1”, Renewal Option Year 1 and 2 Pricing.

More Definitions of Renewal Option

Renewal Option has the meaning given in Section 25.1(a).

Renewal Option is defined in Section 3.2.

Renewal Option. Defined in Section 37.A hereof.

Renewal Option means each of the options to allow the Term of this Lease to be extended for a Renewal Term, as more particularly described in Section 2.2 of this Lease.

Renewal Option. As defined in Section 1.3(b).

Renewal Option has the meaning set forth in Section 30 of this Lease.

Renewal Option means the First Renewal Option, the Second Renewal Option, or either of them, as the context may require.