Renewal Periods definition

Renewal Periods means subsequent 12 month periods from the end of the Initial Period or subsequent Renewal Period.
Renewal Periods. The two (2) additional periods of five years each for which Tenant is permitted to extend the Term of this Lease. The Option(s) to Renew terms and conditions are set forth in Exhibit "E" attached hereto.
Renewal Periods for which we shall have exercised the options hereafter provided. We shall have seven (7) separate options, each to extend the Term for a Renewal Period. The Initial Period and each Renewal Period are each hereafter sometimes referred to generally as a "Contract Period." Each Renewal Period is hereafter sometimes referred to respectively in chronological order as the "First Renewal Period," "Second Renewal Period," "Third Renewal Period," "Fourth Renewal Period," "Fifth Renewal Period," "Sixth Renewal Period" and "Seventh Renewal Period." We may exercise each option to extend the Term for a Renewal Period by giving you notice of our election to do so at any time prior to the commencement of the Renewal Period for which our option is exercised;

Examples of Renewal Periods in a sentence

  • Subsequent Renewal Periods commence upon the expiration of the prior Software Maintenance regardless of when it is purchased.

  • The Participant acknowledges and agrees that during the Initial Term and any Renewal Periods the Participant shall not transfer under section 1 of the Act any balances of dormant accounts within the meaning of the Act other than to the Reclaim Fund.

  • The Initial Subscription Term together with any subsequent Renewal Periods shall constitute the “Subscription Term”.

  • As used throughout this Agreement, all references to the “Term” shall be construed to include the Initial Term, all Renewal Periods, and any Transition Assistance Period.

  • The “Term” means the Initial Term and all Renewal Periods together.


More Definitions of Renewal Periods

Renewal Periods has the same meaning set out in clause 7.1;
Renewal Periods means the period which follows the end of the Base Period and as to which Lessee and Lessor shall have agreed to renew this Lease pursuant to Section 3(g) hereof.
Renewal Periods. The County reservices the right to renew the PPA for five (5) additional years, one (1) year at a time or any combination thereof, if agreeable to both parties.”
Renewal Periods means additional 1 (one) year period(s) commencing on the Renewal Date, or each anniversary thereof;
Renewal Periods means consecutive and successive 12 month periods following the Initial Subscription Term;
Renewal Periods means the Customers second purchase and each and “Renewal” subsequent purchase (as the case may be) of Pre-Paid Bags ending either i) 12 months following or ii) on the Customer having no further Pre-Paid Bags in their possession following the Customer’s second or subsequent purchase (as the case may be) whichever happens first PROVIDED that the second and each subsequent purchase shall be made before the expiry of i) the Initial Period or ii) any subsequent Renewal Period (as the case may be);
Renewal Periods means the periods for which the Rental Licence shall be automatically renewed as stated in the Proposal and as confirmed in the Order (each a Renewal Period), unless: (i) either party notifies the other party of termination, in writing, at least 60 days before the end of the Initial Subscription Term or any Renewal Period, in which case the Rental Licence and all licences deriving therefrom shall terminate upon the expiry of the applicable Initial Subscription Term or Renewal Period; or (ii) the Rental Licence is otherwise terminated in accordance with the provisions of these Terms and Conditions.