Right to Renew. 9.1 The Tenant may exercise its option to take the Renewal Lease by serving written notice on the Landlord not less than twelve calendar months' prior to the Term Expiry Date.
Right to Renew. After the first anniversary of this agreement, this agreement will automatically be renewed unless Advisor is notified in writing at least 30 days prior to the anniversary date. Your payment of fees will constitute a renewal of this contract under the terms of this agreement. Both parties retain the right not to renew.
Right to Renew. Sponsorship is often seen by a sponsor as a “hit-and-miss affair. Like much marketing expense, it is difficult to ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ - ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Right to Renew. Landlord hereby grants to Tenant one (1) option -------------- to renew this Lease for between a three (3) or five (5) year term (at the option of Tenant) at the then prevailing market rate for comparable office space in the downtown Denver, Colorado market area. The option to renew shall be exercisable by Tenant only if Tenant is not in default of any material provision under this Lease or in default of any monetary provision of this Lease, unless the default is cured within the allowed time period. Tenant must give written notice to Landlord of its intent to exercise the option and the length of the term selected at least nine (9) months prior to the expiration of the then current Term. If Tenant fails to provide such notice in accordance with this paragraph, the option shall lapse and thereafter be null and void. As used herein the prevailing term market rate shall mean the rate which Landlord or other landlords have leased within the prior twelve (12) months for comparable terms of comparable space in the Building and other comparable Class A buildings in the central business district of Denver, Colorado. Upon exercising the option, all terms and conditions during such extension period shall remain the same as those set forth in the Lease, except that Annual Base Rent and Operating Expenses. Within thirty (30) days after Landlord's receipt of Tenant's exercise notice, Landlord shall provide Tenant with Landlord's reasonable opinion of prevailing market rate. Upon Landlord's written notice of prevailing market rate to Tenant, Tenant shall have fifteen (15) days to accept or reject such current market rate in writing. If Tenant rejects Landlords opinion of the prevailing market rate, the Landlord and Tenant shall have forty-five (45) days thereafter to reach an agreement. If within said period Landlord and Tenant are unable to agree this option to renew shall lapse and thereafter be null and void. In the event Landlord and Tenant agree on the prevailing market rate, they shall execute an amendment to the Lease providing for the renewal and the new Annual Base Rent.
Right to Renew. For Account(s) located in the State of Ohio, if you are a Small Commercial Customer, you also acknowledge and agree that if for any reason you fail to renew this Agreement and/or if any Account(s) remain designated at the UDC as being served by us, we may continue to serve your Account(s) on a month-to-month basis at the Holdover Rate described in the Term Section above, even though such Holdover Rate is a change in your price under this Agreement.
Right to Renew. The Term of this Agreement may be renewed by written agreement of APPI and Ambar. Nothing contained herein shall be deemed to create any express or implied obligation on the part of either party to renew or extend this Agreement; however, the undersigned parties agree, in six months from the date hereof, to evaluate the success of this Agreement and may negotiate, in good faith, a potential five year extension of this Agreement with terms to be agreed upon. Each party in its sole discretion shall have the right to determine, for any reason whatsoever, not to renew, continue or extend this Agreement.
Right to Renew. Unless the License has been terminated prior to the expiration of its Initial Term, or Licensor has given Licensee notice of its intention not to renew the License as permitted under this Section, the License may be renewed at the option of Licensee for two (2) additional periods of five (5) years each beyond the initial Term (the "Renewal Terms"; the Initial Term and the Renewal Terms are collectively referred to herein as the "Term" of this Agreement), provided that at the end of the Initial Term and the first Renewal Term, Licensee shall have complied with the conditions set forth in Section 12.3 (hereafter the "Conditions of Renewal"). If renewed, the first Renewal Term will commence on the day immediately following the last day of the Initial Term and if further renewed, the second Renewal Term will commence on the day immediately following the last day of the first Renewal Term.
Right to Renew. The terms of this Agreement shall be automatically renewed for similar periods (five years each time) unless one of the parties notifies the other in accordance with Section 15 of this Agreement of its intention not to renew the Agreement, at least six months prior to the date of expiration. This notice shall not cause forfeiture of the rights of either of the two parties hereto vis a vis each other. Each party in its sole discretion shall have the right to determine, for any reason whatsoever, not to renew, continue or extend this Agreement.
Right to Renew. Thereafter, this Agreement may be renewed for such periods of time and under such terms and conditions as are mutually agreed to in writing and pursuant to Section 12.7.
Right to Renew. Unless the Facility Assets shall have been sold or disposed of pursuant to this Lease or an Event of Loss shall have occurred or a Default described in clause (a) or (f) of Article XIII or an Event of Default shall exist at the time of giving the notice referred to below or at the commencement of the relevant Renewal Term, Lessee shall have the right to renew this Lease (i) at the end of the Basic Term for the Fixed Price Renewal Term and (ii) at the end of the Basic Term or the Fixed Price Renewal Term, if elected, or a Fair Market Renewal Term, if elected, for a Fair Market Renewal Term. In order to exercise any such right, Lessee shall notify each Lessor Party thereof in writing not more than 12 month nor less than 6 months prior to the commencement of the relevant Renewal Term, which notice shall be irrevocable and shall specify the type of renewal term elected in accordance with this Section 4.01(a) and the duration thereof (which shall be an integral multiple of six months, shall not end after the end of the Ground Lease Term and, in the case of a Fair Market Renewal Term, shall be at least one year and not more than five years or, in the case of the Fixed Price Renewal Term, shall be, subject to Section 4.01(c), at least one year and not more than 50% of the Basic Term). If Lessee shall fail to renew this Lease as provided above, Lessor shall, subject to Section 4.02, be free to lease or dispose of all or any part of the Facility to any other Person on any terms acceptable to Owner Participant.
