COMMENCEMENT AND TERM OF LEASE Clause Samples

COMMENCEMENT AND TERM OF LEASE. The initial term of this Lease shall be for a period of three years commencing on December 15th, 1998. The lease will terminate on the last day of the 36th month after the Lease commencement date, unless extended by the exercise of the option herein set forth. Any holding over with the consent of the Landlord after the original term, if not extended, of the Lease or after any renewal term shall be deemed a month-to-month tenancy, terminable upon thirty days notice, subject to the other terms of this lease.
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COMMENCEMENT AND TERM OF LEASE. The Tenant and Big Sky Economic Development Corporation (“EDC”) are parties to a Real Estate Purchase Agreement relating to EDC’s purchase of the Building and related real estate from the Tenant (the “Agreement”). Capitalized terms this Lease uses but does not define have the meaning the Agreement ascribes. Immediately after the Closing, EDC will convey the Property to the Landlord. This Lease shall commence on upon the Closing and shall continue until February 1, 2020 (the “Term”). Tenant shall vacate the Leased Premises and shall have all Tenant’s property removed from the Leased Premises on the last day of the Term of the Lease.
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COMMENCEMENT AND TERM OF LEASE. The Period of the lease ………… (Year)…….. (Month) which commence from the date…/…/……and end on the date …/…/……
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COMMENCEMENT AND TERM OF LEASE. 9 3.1 Condition and Delivery of Premises 8 3.2 Habendum 8 3.3 Entry Prior to Commencement Date 8 3.4 Termination Right 8 3.5 Right of First Offer 10
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COMMENCEMENT AND TERM OF LEASE. PREPARATION OF PREMISES 12 4.1 Tenant's Work 12
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COMMENCEMENT AND TERM OF LEASE. The term of Lease (the “Term”) shall commence on the Commencement Date and shall terminate at 11:59 PM on December 31, 2013. However, the first Lease Year shall be less than twelve (12) months and shall commence with the Commencement Date and shall end on May 31st occurring after Commencement Date. Each Lease Year subsequent to the first Lease Year after the Commencement Date shall commence on June 1st and end of May 31st, The thirteenth Lease Year shall commence on May 31st and end on December 31, 2013. The parties hereto shall execute a written statement (i) setting forth the Commencement Date promptly after the same shall have been ascertained, and (ii) the Option Terms (as defined in Section 2.02 hereof) notice dates in accordance with Section 2.02 hereof.
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COMMENCEMENT AND TERM OF LEASE. The term of this Lease shall be for a period of five (5) years, commencing on or about September 1, 1999, (the "Commencement Date") and continuing from said date until August 31, 2004, unless extended per paragraph 2 above due to potential delay in obtaining a Certificate of Occupancy.
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COMMENCEMENT AND TERM OF LEASE. The term of this Lease (the “Term”) shall commence on the date hereof (the “Commencement Date”), and shall expire on the earlier to occur of (i) seven (7) calendar years after the Commencement Date; (ii) the date on which all available rentable space in the Premises is rented to third-party tenants reasonably acceptable to Lender, and otherwise on terms providing for at least $19 per square foot of space, with a term of seven (7) years or longer, and obligating such tenants to pay their respective proportionate share of all common area maintenance charges, taxes, and insurance, and otherwise in a form and substance reasonably approved by Lender (each, an “Approved Lease”); (iii) the date on which that certain $19,000,000 loan (the “Loan”) from American National Insurance Company (the “Lender”) to Master Lessee is paid in full in cash (not as a result of a credit bid by Lender at a foreclosure sale). If the Commencement Date is other than the first day of a calendar month, the Term shall extend through the end of the calendar month.
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COMMENCEMENT AND TERM OF LEASE. The term of this Lease (the “Term”) shall commence on the date hereof (the “Commencement Date”), and shall expire on the earlier of (i) December 31, 2018 or (ii) the date on which that certain $10,000,000 loan (the “Loan”) from Master Lessor’s Lender to Master Lessee is paid in full in cash (not as a result of a credit bid by Master Lessor’s Lender at a foreclosure sale or refinancing of the Loan by Master Lessor’s Lender or a refinancing of the Loan by Master Lessor’s Lender). If the Commencement Date is other than the first day of a calendar month, the Term shall extend through the end of the calendar month.
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Related to COMMENCEMENT AND TERM OF LEASE

  • Commencement and Term This Agreement shall commence upon the Effective Date and continue for the Agreement Term.

  • TERM OF LEASE This Lease shall commence on the date of ________ and shall continue until its natural termination under this part on the date of ________ at 11:59 PM. After the date of termination, this Lease shall automatically renew and shall continue for the same term amount until Landlord or Tenant undertake cancellation of this Lease in writing. At the expiration of this Lease, Tenant shall be responsible for providing a forwarding address to Landlord to receive any funds owed or other notices.

  • COMMENCEMENT AND TERMINATION 10.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein. 10.2 This Agreement shall terminate without penalty: a. As to any Participating Fund, at the option of Insurance Company or the Participating Fund at any time from the date hereof upon 180 days' notice, unless a shorter time is agreed to by the respective Participating Fund and Insurance Company; b. As to any Participating Fund, at the option of Insurance Company, if shares of that Participating Fund are not reasonably available to meet the requirements of the Contracts as determined by Insurance Company. Prompt notice of election to terminate shall be furnished by Insurance Company, said termination to be effective ten days after receipt of notice unless the Participating Fund makes available a sufficient number of shares to meet the requirements of the Contracts within said ten-day period; c. As to a Participating Fund, at the option of Insurance Company, upon the institution of formal proceedings against that Participating Fund by the Commission, National Association of Securities Dealers or any other regulatory body, the expected or anticipated ruling, judgment or outcome of which would, in Insurance Company's reasonable judgment, materially impair that Participating Fund's ability to meet and perform the Participating Fund's obligations and duties hereunder. Prompt notice of election to terminate shall be furnished by Insurance Company with said termination to be effective upon receipt of notice; d. As to a Participating Fund, at the option of each Participating Fund, upon the institution of formal proceedings against Insurance Company by the Commission, National Association of Securities Dealers or any other regulatory body, the expected or anticipated ruling, judgment or outcome of which would, in the Participating Fund's reasonable judgment, materially impair Insurance Company's ability to meet and perform Insurance Company's obligations and duties hereunder. Prompt notice of election to terminate shall be furnished by such Participating Fund with said termination to be effective upon receipt of notice; e. As to a Participating Fund, at the option of that Participating Fund, if the Participating Fund shall determine, in its sole judgment reasonably exercised in good faith, that Insurance Company has suffered a material adverse change in its business or financial condition or is the subject of material adverse publicity and such material adverse change or material adverse publicity is likely to have a material adverse impact upon the business and operation of that Participating Fund or Dreyfus, such Participating Fund shall notify Insurance Company in writing of such determination and its intent to terminate this Agreement, and after considering the actions taken by Insurance Company and any other changes in circumstances since the giving of such notice, such determination of the Participating Fund shall continue to apply on the sixtieth (60th) day following the giving of such notice, which sixtieth day shall be the effective date of termination; f. As to a Participating Fund, upon termination of the Investment Advisory Agreement between that Participating Fund and Dreyfus or its successors unless Insurance Company specifically approves the selection of a new Participating Fund investment adviser. Such Participating Fund shall promptly furnish notice of such termination to Insurance Company; g. As to a Participating Fund, in the event that Participating Fund's shares are not registered, issued or sold in accordance with applicable federal law, or such law precludes the use of such shares as the underlying investment medium of Contracts issued or to be issued by Insurance Company. Termination shall be effective immediately as to that Participating Fund only upon such occurrence without notice; h. At the option of a Participating Fund upon a determination by its Board in good faith that it is no longer advisable and in the best interests of shareholders of that Participating Fund to continue to operate pursuant to this Agreement. Termination pursuant to this Subsection (h) shall be effective upon notice by such Participating Fund to Insurance Company of such termination; i. At the option of a Participating Fund if the Contracts cease to qualify as annuity contracts or life insurance policies, as applicable, under the Code, or if such Participating Fund reasonably believes that the Contracts may fail to so qualify; j. At the option of any party to this Agreement, upon another party's breach of any material provision of this Agreement; k. At the option of a Participating Fund, if the Contracts are not registered, issued or sold in accordance with applicable federal and/or state law; or l. Upon assignment of this Agreement, unless made with the written consent of every other non-assigning party. Any such termination pursuant to Section 10.2a, 10.2d, 10.2e, 10.2f or 10.2k herein shall not affect the operation of Article V of this Agreement. Any termination of this Agreement shall not affect the operation of Article IX of this Agreement. 10.3 Notwithstanding any termination of this Agreement pursuant to Section 10.2 hereof, each Participating Fund and Dreyfus may, at the option of the Participating Fund, continue to make available additional shares of that Participating Fund for as long as the Participating Fund desires pursuant to the terms and conditions of this Agreement as provided below, for all Contracts in effect on the effective date of termination of this Agreement (hereinafter referred to as "Existing Contracts"). Specifically, without limitation, if that Participating Fund and Dreyfus so elect to make additional Participating Fund shares available, the owners of the Existing Contracts or Insurance Company, whichever shall have legal authority to do so, shall be permitted to reallocate investments in that Participating Fund, redeem investments in that Participating Fund and/or invest in that Participating Fund upon the making of additional purchase payments under the Existing Contracts. In the event of a termination of this Agreement pursuant to Section 10.2 hereof, such Participating Fund and Dreyfus, as promptly as is practicable under the circumstances, shall notify Insurance Company whether Dreyfus and that Participating Fund will continue to make that Participating Fund's shares available after such termination. If such Participating Fund shares continue to be made available after such termination, the provisions of this Agreement shall remain in effect and thereafter either of that Participating Fund or Insurance Company may terminate the Agreement as to that Participating Fund, as so continued pursuant to this Section 10.3, upon prior written notice to the other party, such notice to be for a period that is reasonable under the circumstances but, if given by the Participating Fund, need not be for more than six months. 10.4 Termination of this Agreement as to any one Participating Fund shall not be deemed a termination as to any other Participating Fund unless Insurance Company or such other Participating Fund, as the case may be, terminates this Agreement as to such other Participating Fund in accordance with this Article X.

  • Extension of Lease Term The Term of the Lease shall be extended (the “Extension Term”) commencing December 11, 2021 (the “Extension Term Commencement Date”) and expiring June 30, 2024.

  • Term of Agreement and Renewals The Agreement with TIPS is for approximately three (3) years with an option for renewal for an additional one