Third Renewal Term. The parties agree that the Third Renewal Commencement Date was December 1, 2009. As such, the Third Renewal Term expires on November 30, 2014.
Third Renewal Term. The third Renewal Term shall be for a period of ten (10) years beginning on the thirty-fifth (35th) anniversary of the Restatement Effective Date and ending immediately prior to the forty-fifth (45th) anniversary of the Restatement Effective Date.
Third Renewal Term. (a) Section 10 of the First Amendment is deleted in its entirety and is replaced with the Sections 10(b) through (d) below.
Third Renewal Term. So long as Lessee is not in default beyond any applicable cure periods under the Lease, Lessee shall have the right and option for a Third Renewal Term provided Lessee shall have provided Lessor written notice of Lessee's intent to exercise Lessee's right and option for a Third Renewal Term at least ninety (90) days prior to the expiration of the Second Renewal Term.
Third Renewal Term. The Tenant shall have the option to renew this Lease for a one (1) year term thereafter (“Third Renewal Term”). If Tenant desires to exercise its option to renew, then the Tenant shall exercise such option by giving written notice of its intent to renew to Landlord not more than 60 days prior to the end of the Second Renewal Term. The Base Rent for the Third Renewal Term shall be set forth in Section 5 below.
Third Renewal Term. The parties hereby renew the Existing Agreement for a term commencing on June 14, 2022 and continuing through June 13, 2023 (“Third Renewal Term”), unless terminated sooner as provided in the Agreement. The Board has no remaining options to renew the Agreement after the Third Renewal Term.
Third Renewal Term. The Rent for the five (5) year period commencing on the expiration of the Second Renewal Term (“Third Renewal Term”) shall be in an amount equal to eight percent (8%) of the Future Purchase Price, and paid in equal monthly installments on or before the first day of each month in the Third Renewal Term.
Third Renewal Term. Monthly Rent due during the first year of the third Renewal Term is equal to an amount determined in accordance with Section 4.b. below (Revaluation of Rent).
Third Renewal Term. If Licensee has not defaulted or ------------------- materially breached any of the terms of this Agreement, has complied with its obligations under this Agreement in all material respects (without regard to whether Xxxxx has given any notices of default or failure to comply), and if Wholesale Net Sales for the twelve (12) month period ending July 31, 2002 exceeded $30,000,000, Licensee shall have the option (conditioned upon the receipt by Xxxxx of the reports, required pursuant to Paragraphs 3.3 and 3.4 hereof, and the results contained therein), exercisable by written notice given to Xxxxx not later than five (5) months prior to the expiration of the Second Renewal Term, to renew this Agreement for a third renewal term ("Third Renewal Term") of five (5) years, commencing on January 1, 2003 and ending on December 31, 2007, subject to earlier termination as provided in this Agreement.
Third Renewal Term. Landlord and Txxxxx acknowledge and agree that the current term of the Lease is the Third Renewal Term, which commenced January 1, 2022 and will expire on December 31, 2026.
