Renewal Options definition

Renewal Options shall have the meaning assigned to such term in Section 1.4(a).

Renewal Options shall have the meanings assigned to such terms in Section 1.4(a).

Renewal Options. The Tenant shall have the following Renewal Option(s) (herein so called) to extend the Term of this Lease for up to a total of two (2) Extension Period(s) (herein so called) of five (5) years each upon the same terms and conditions as are set forth in this Lease (except as otherwise expressly set forth herein), and for the Base Rent set forth on Schedule 1 hereto.

Examples of Renewal Options in a sentence

• At Tarrant County’s option and approval by the Vendor, the contract may be renewed for two (2) additional twelve (12) month periods, as further explained in Renewal Options.

• At Tarrant County’s option and approval by the Vendor, the contract may be renewed for one (1) additional twelve (12) month period, as further explained in Renewal Options.

• All expenditures under a unit price contract are contingent upon appropriations having been made by Charlotte City Council.Contract Terms and Renewal Options: The Contract term shall be for a period of three (3) years from the date of award.

• II.2. Renewal Option(s): The State requires two (2) five (5) year options to renew with thirty (30) days advance written notice to the Landlord to exercise such option based on the terms and conditions defined in the Initial Lease.

• At Tarrant County’s option and approval by the Vendor, the contract may be renewed for three (3) additional twelve (12) month periods, as further explained in Renewal Options.

More Definitions of Renewal Options

Renewal Options. Two (2) Renewal Term(s) of five (5) years each.

Renewal Options. Shall have the meaning set forth in Section 39.01 hereof.

Renewal Options. Four (4) Terms of sixty (60) months each.

Renewal Options. Four five (5) year renewal options, as more particularly described in Article 3 hereof

Renewal Options. Provided that no event of default has ever occurred under any term or provision contained in this Lease and no condition exists which with the passage of time or the giving of notice or both would constitute an event of default pursuant to this lease and provided that Tenant has continuously occupied the Premises for the permitted use during the Lease Term, Tenant shall have the right and option (the "Renewal option") to renew this Lease by written notice delivered to Landlord no later than Nine (9) months prior to the expiration of the initial Lease Term, for Two (2) additional terms (the renewal term) of Sixty (60) months under the same terms, conditions and covenants contained in this Lease, except that: a) no abatements or other concessions if any applicable to the initial Lease Term shall apply to the Renewal Term: b) the Base Rental shall be equal to the Fair Market rate including all applicable concessions for comparable space located in the Building as of the end of the initial Lease Term or extended term: c) Tenant shall have no option to renew this Lease beyond the expiration of the Renewal Terms and the all leasehold improvements within the Premises shall be provided in their then existing condition (on an "as is" basis) at the time the Renewal Term commences. Failure by Tenant to notify Landlord in writing of Tenant's election to exercise any Renewal Option herein granted within the time limits set forth for such exercise shall constitute a waiver of such Renewal Option. In the event Tenant elects to exercise the Renewal Option as set forth above, Landlord shall within Thirty (30) days thereafter notify Tenant in writing of the Proposed Rental for the Renewal Term (the "Proposed Renewal Rental" ). Tenant shall within Thirty (30) days following delivery of the Proposed Renewal Rental by Landlord notify Landlord in writing of the acceptance or rejection of the Proposed Renewal Rental. If Tenant accepts Landlord's proposal, then the Proposed Renewal Rental shall be the rental rate in effect during the Renewal Term. Failure of Tenant to respond in writing during the aforementioned Thirty (30) day period shall be deemed an acceptance by Tenant of the Proposed Renewal Rental. Should Tenant reject Landlord's Proposed Renewal Rental during such Thirty (30) day period, then Landlord and Tenant shall negotiate during the Thirty (30) day period commencing upon Tenant's rejection of Landlord's Proposed Renewal Rental to determine the rental for the Renewal...

Renewal Options. TWO (2) renewal options

Renewal Options. One (1) Renewal Option of Five (5) years.