Temporary Extension definition
Examples of Temporary Extension in a sentence
If Broad and the applicable Sublicensee, for any reason, do not enter into a Direct License within [***] days after the effective date of termination of the Agreement, the applicable Sublicense and Temporary Extension, and all rights granted thereunder, shall automatically terminate.
By way of example and not limitation of the foregoing clause (d), if the Sublicense required payment to Company of a license fee and Broad would have been entitled to receive a percentage of such payment under Section 4.5 of the Agreement, then Broad shall continue to be entitled, under the Temporary Extension or Direct License, to the same share of that same license fee payment under the Sublicense that Broad would have received had this Agreement and the Sublicense been simultaneously in effect.
If Tenant timely exercises such renewal right, all of the terms and conditions of this Lease shall apply during the Temporary Extension Term except that the monthly Base Rent payable by Tenant for such Temporary Extension Term shall be equal to one hundred twenty-five percent (125%) of the Base Rent payable during the last rental period under this Lease (in addition to Tenant’s other monetary obligations under this Lease).
This Agreement shall expire at 23:59:59 on the last day of the Temporary Extension of Services Period.
The parties hereto acknowledge that the purpose of this Temporary Extension Agreement is to provide a 10-day period for the parties to attempt to reach a mutually satisfactory resolution to the issues that presently exist between the parties.
First Lease, but during the Temporary Extension Tenant shall remain liable for all other costs and expenses payable under the 3075 N.
In calculating the Termination for Convenience Charge, if any is due, any months during which IBM provides Temporary Extension of Services will be added to the actual term months.
If Tenant timely exercises this right, all of the terms and conditions of this Lease shall apply during the Temporary Extension Term, except that the monthly Base Rent payable by Tenant during the Temporary Extension Term shall be equal 125%) of the monthly Base Rent applicable during the last rental period before the Temporary Extension Term, and Tenant shall have no further right to extend this Lease beyond the Temporary Extension Term.
During such Temporary Extension Tenant shall not be obligated to pay the Rent called for in Section 1.8 of the 3075 N.
During the Extended Temporary Term, Tenant shall pay monthly rent with respect to the Temporary Extension Space (the “Temporary Extension Space Rent”) equal to attributable to the One ▇▇▇▇▇▇ Building, as determined by Landlord in accordance with the terms of the Lease.