01 INITIAL TERM Sample Clauses

01 INITIAL TERM. The initial term of this Agreement shall commence on the Effective Date and shall continue until 12:00 midnight (Eastern Time) on the fifth anniversary of the Live Date, unless terminated earlier pursuant to this Agreement (the INITIAL TERM). Not later than December 6, 1999, the parties shall meet at a mutually agreed upon location to discuss the budget and performance measures that will apply to the Services during the period from January 1, 2000 until the end of the Initial Term. At least 5 days prior to such meeting, Genco shall provide Streamline with the budget it proposes for such portion of the Initial Term and Streamline will provide Genco with the performance measures it proposes for such portion of the Initial Term. Within ten (10) days of said meeting, the parties will mutually agree upon the budget and performance measures for the remainder of the Initial Term; PROVIDED that they shall extend the negotiation period for up to an additional fifteen (15) days during which they will negotiate in good faith the amount of compensation to be paid by Streamline to Genco during each year of such remainder of the Initial Term and the performance measures applicable to the Services during each year of such remainder of the Initial Term. If they are still not able to agree upon the budgets and performance measures applicable to the remainder of the Initial Term by December 31, 1999 and are not willing to extend the period for negotiation, then Streamline may terminate this Agreement in accordance with this Section 15.01
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Related to 01 INITIAL TERM

  • Initial Term This Agreement shall become effective as of the date first written above (the “Start Date”) and shall continue thereafter throughout the period that ends two (2) years after the Start Date (the “Initial Term”).

  • Original Term The weighted average original term for the Receivables is at least 65 months.

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

  • Renewal Term If not sooner terminated, this Agreement shall renew at the end of the Initial Term and shall thereafter continue for successive annual periods, provided such continuance is specifically approved at least annually (i) by the Fund’s Board of Trustees or (ii) by a vote of a majority of the outstanding voting securities of the relevant portfolio of the Fund, provided that in either event the continuance is also approved by the majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) of any party to this Agreement by vote cast in person at a meeting called for the purpose of voting on such approval. If a plan under Rule 12b-1 of the 1940 Act is in effect, continuance of the plan and this Agreement must be approved at least annually by a majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) and have no financial interest in the operation of such plan or in any agreements related to such plan, cast in person at a meeting called for the purpose of voting on such approval.

  • Base Term Commencing on the Expansion Premises Commencement Date, the defined term “Base Term” on page 1 of the Lease is deleted in its entirety and replaced with the following:

  • Extension of Initial Term Upon each annual anniversary date of this Agreement, this Agreement shall be extended automatically for successive terms of one year each, unless either the Corporation or the Employee gives contrary written notice to the other not later than the annual anniversary date.

  • Contract Term The Contract Term shall mean the period of time commencing on the date of a Change in Control and ending on the Expiration Date.

  • Fixed Term The initial term of this Agreement (the "Fixed Term") shall commence on the Commencement Date and shall expire on the fifteenth (15th) anniversary of the Commencement Date.

  • Term of the Lease 4.2.1 The term of the Lease shall be sixty (60) months commencing on the Acceptance date.

  • CONTRACT YEAR The first Contract Year is the period of time ending on the first contract anniversary. Subsequent Contract Years are the annual periods between contract anniversaries.

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