Term and Termination Date. This Agreement shall be effective when executed by all of the Parties, shall continue in full force and effect for twelve (12) months thereafter (the “Term”), and shall be further extended automatically annually (the “Renewal Term”), unless Seller provides written notice of its intention to terminate at least s i x t y ( 60) days prior the end of the respective Term or Renewal Term. Notwithstanding the preceding sentence, such termination shall not occur, and the Agreement shall continue as if no notice was given unless, on the Termination Date, Seller has fully repaid Purchaser all Obligations.
Term and Termination Date a. This Contract Franchise shall be effective for a term of ten (10) years from the effective date of this Contract Franchise ordinance. Thereafter, this Contract Franchise will renew for additional one (1) year terms, unless either party notifies the other party of its intent to terminate or renegotiate the Contract Franchise at least ninety (90) days before the termination of the then current term. The additional term shall be deemed a continuation of this Contract Franchise and not as a new franchise or amendment.
Term and Termination Date. This term of this Agreement begins as of the Effective Date and continues until October 12, [ * ] unless earlier terminated in accordance with this Section 9 or otherwise mutually agreed in writing by the Parties.
Term and Termination Date. This Agreement shall become effective on the date on which this Agreement has been approved by the governing bodies of all of the Parties and is signed by all of the Parties (the “Effective Date”), and shall terminate on December 31, 2050, unless extended by mutual agreement of the Parties pursuant to Section 14, below.
Term and Termination Date. Except as provided in this Section 6.01 and in Section 6.02, this Agreement shall terminate upon expiration of the Revenue Interest Period (the “Term”). If any payments are accrued hereunder on or prior to that date and are required to be made by one of the Parties hereunder, this Agreement shall remain in full force and effect until any and all such payments have been made in full, and (except as provided in Section 6.02) solely for that purpose. In addition, this Agreement shall sooner terminate if the Purchaser shall have exercised the Put Option in accordance with Section 5.07(a) or the Company shall have exercised the Call Option in accordance with Section 5.07(b), in each case upon the payment of the Put/Call Price. In addition, the Company may terminate this Agreement immediately upon Purchaser’s failure to pay the Additional Purchase Price on the Additional Purchase Price Closing Date or the Second Tranche Purchase Price on the Second Tranche Purchase Price Closing Date in accordance with Section 2.03(d) and Section 2.03(e), respectively. Upon expiration or termination of this Agreement in accordance with its terms, all right, title, and interest in and to the Assigned Interest shall automatically revert to Company, and Purchaser will have no further rights in the Assigned Interest, the Back-up Product True-Up Funds, or the Assigned Interest Collateral.
Term and Termination Date. (a) This Franchise Agreement shall be effective for a term of ten (10) years from the effective date of this Franchise Agreement. Thereafter, this Franchise Agreement will renew for one
Term and Termination Date. (a) This License Agreement shall be effective from the Effective Date of this License Agreement until midnight on December 31, 2022. Thereafter, this License Agreement will renew for one additional ten-year term and be effective until midnight on December 31, 2032, unless either party notifies the other party in writing of its intent to terminate or renegotiate this License Agreement, not less than one hundred eighty (180) days before the termination of the initial ten-year term. The additional term shall be deemed a continuation of the License Agreement and not a new License Agreement or an amendment hereto.
Term and Termination Date. The Termination Date is hereby amended to be November 30, 2016 for all purposes under the Lease. All references to the “Termination Date” in the Lease shall refer to the Termination Date as amended by this First Amendment. The Term of Lease is hereby amended to be the period beginning on the Commencement Date and ending on the Termination Date as amended by this First Amendment. All references to the “Term” in the Lease shall refer to the Term of Lease as amended by this First Amendment. Article 40 of the Lease (Option to Renew) is hereby deleted in its entirety and replaced with “Intentionally Omitted.” Notwithstanding the foregoing, the Termination Date (as modified by this First Amendment) shall be extended to December 31, 2016 for all purposes under the Lease only if (a) the Tri-Party Agreement (as hereinafter defined) has not been executed and delivered by the parties thereto on or prior to November 30, 2016, or (b) Tenant delivers written notice to Landlord on or prior to October 1, 2016 of Tenant’s election, in its sole discretion, to extend the Termination Date to December 31, 2016; provided, however, that if Landlord has not received such written notice on or prior to October 1, 2016, Tenant’s right to extend the Termination Date hereunder shall be null and void and of no further force or effect. Except as expressly set forth in the immediately preceding sentence or as otherwise expressly agreed in a writing executed by Landlord and Tenant, Tenant shall have no right or option to renew the Lease or to extend the Termination Date.
Term and Termination Date. The Original Lease shall be extended from January 31, 2007 and continue on a month to month basis. This First Amendment to Lease may be terminated by either party at will and without cause provided that Tenant agrees to give Landlord 30 days notice of termination of this Amendment to the Lease. Because Tenant will require time to acquire new space should Landlord terminate, Landlord agrees to give Tenant 60 days written notice of Landlord’s intent to terminate.
Term and Termination Date. This Agreement shall be effective when executed by all of the Parties, shall continue in full force and effect for 24 months thereafter execution of the Second Amendment (the "Term"), and shall be further extended automatically annually (the "Renewal Term"), unless Seller provides written notice of its intention to terminate at least 60 days prior the end of the respective Term or Renewal Term.
