Renewal Terms definition
Renewal Terms means the renewal terms of a Property Schedule, each having a duration of one year and a term coextensive with Lessee's budget year.
Renewal Terms means the consecutive renewal terms of this Agreement, the first of which commences immediately after the end of the Original Term and each having a duration and a term coextensive with each successive fiscal year of Lessee; provided that the final such Renewal Term shall commence on the first day of the last such fiscal year and end on the first business day after the last scheduled Rental Payment Date.
Renewal Terms shall have the meaning assigned to such term in Section 1.4(a).
Examples of Renewal Terms in a sentence
Tenant shall have the option (each such option, a “Renewal Option”) to extend the Lease Term by the first of, or both of, the Renewal Terms.
For purposes of this Agreement, the “Employment Term” shall mean the Initial Term and any Renewal Term(s).
More Definitions of Renewal Terms
Renewal Terms means successive renewal periods during which the Customer subscribes to the Services.
Renewal Terms for defined term plan are defined as the twelve (12) month period beginning at the end of the Initial Term and each subsequent twelve (12) month period thereafter.
Renewal Terms means the renewal terms of this Agreement as provided for in Article IV of this Agreement, each having a duration of one year and a term co-extensive with the Lessee's fiscal year, except the last of such automatic renewal terms which shall end on the due date of the last Rental Payment set forth in Exhibit E to this Agreement.
Renewal Terms for prepaid yearly plans are defined as the twelve (12) month period beginning at the end of the Initial Term and each subsequent twelve (12) month period thereafter.
Renewal Terms shall have the meaning as defined in Section 2.3.
Renewal Terms means all of the additional periods of one year (coextensive with Lessee’s fiscal year) for which this Lease shall be effective in the absence of a termination of the Lease as provided in Article III.
Renewal Terms have the meaning set forth in Section 2.2 of this Lease, respectively.