Examples of Second Option Term in a sentence
Each Option Term shall be subject to all the terms, covenants and conditions of the Lease, except as modified by this provision (meaning, no further options will be re-imposed, subject only to the Second Option Term).
The Authority, at its sole discretion, may electto extend the term of the Contract for the period of through (“Third OptionTerm”) by giving written notice to the Contractor prior to the expiration of the Second Option Term, unless earlier terminated ad provided herein.
The Tenant shall deliver written notice of its intent to exercise each Option Term, delivering such written notice to Landlord prior to but not after the date which is 365 days prior to the expiration of the initial Term (as to the First Option Term) or 365 days prior to the expiration of the First Option Term (for the Second Option Term), but no earlier than the date which is fifteen (15) months prior to the expiration of the then current Term.
Prior to the completion of the first Option Term, but not earlier than one hundred and twenty (120) days before the completion of the Option Term, if the Contractor is not then in default, the City may approve an additional five-year Second Option Term Contract extension at its sole discretion.
By this Notice of Extension, the Second Option Term will expire on , 20 .
In response to initial feedback, plan components and strategies have been identified and added to the current plan draft.
The monthly base rental rate shall be at the monthly base rental rate at the end of the Lease Term, or First Option Term, or Second Option Term, if any, multiplied by a factor of 1.03 {i.e. an increase of the monthly base rental rate in the amount of Three percent (3%)}.
In accordance with Section 3 of the Option Agreement, Grantee is, simultaneously with the delivery of this Notice of Extension, delivering to Owner an additional Option Fee of $2,500 for the Second Option Term.
Enjoined Persons shall not file or threaten to file Distant Forum Actions against Colorado Consumers in connection with Consumer Credit Transactions.
We recommend that claimants should have the choice, it they wished , to forgo interest under the Late Payment of Commercial Debts (Interest) Act and instead claim interest under the courts’ general statutory powers.