Renewal Option has the meaning set forth in §12.1.
Renewal Option shall have the meaning set forth in Section 42.1.
Renewal Option is defined in Section 19.1(a) of the Lease.
Examples of Renewal Option in a sentence
Renewal Option - A lease covenant giving the State the right to extend a lease for an additional period on specified terms.
YES NO 1Year Constructed2Number of Beds3Original Lease Date4Rental Amount5Total Years of Lease6Total Years Renewal Option* 3OriginalBuilding: $ 34Additions 45 56 67TOTAL $ 7 10.
Renewal Option This Contract may be renewed under the same terms and conditions, subject to the approval of the Commissioner of the Department of Administration and the State Budget Director in compliance with IC §5-22-17-4.
The Department may choose to renew the Contract for one (1) or more of the Contract Renewal Option Years.
Contract Renewal Option: This contract may be renewed for the number of option years listed above.
More Definitions of Renewal Option
Renewal Option has the meaning given in Section 25.1(a).
Renewal Option is defined in Section 3.2.
Renewal Option. Defined in Section 37.A hereof.
Renewal Option. As defined in Section 1.3(b).
Renewal Option has the meaning set forth in Section 30 of this Lease.
Renewal Option means each of the options to allow the Term of this Lease to be extended for a Renewal Term, as more particularly described in Section 2.2 of this Lease.
Renewal Option means the First Renewal Option, the Second Renewal Option, or either of them, as the context may require.