New Term Sample Clauses
New Term. The term of this Agreement shall automatically be set for a two year period, regardless of the time remaining under the then existing Term, upon and from the occurrence of any of the following “Trigger Events:”
(a) a merger or acquisition in which the Company is not the surviving entity (defined as a corporation in which the Company’s stockholders do not hold a controlling interest), except for a transaction the principal purpose of which is to change the state in which the Company is incorporated;
(b) the sale, transfer, or other disposition of all or substantially all of the assets of the Company (“substantially all” means for this section a sale of assets the value of which exceeds 50% of the total book value of all of the assets of the Company);
(c) any reverse merger in which the Company is the surviving entity but in which 50% or more of the Company’s outstanding voting stock is transferred to holders different from those holding such stock immediately prior to such merger; or
(d) a firm commitment underwritten public offering pursuant to an effective registration statement filed under the Securities Act of 1933, as amended, covering the offer and sale of the Company’s common stock resulting in more than a 30% increase in the number of shares to be issued and outstanding.
New Term. If the Licensee does not comply with the provisions of Sections 4(c) or 4(e) of this Schedule “B”, and the Licensee requires the Services after 90 days from the Expiration Date, the Licensee will request a quote in accordance with Section 3(a) of this Schedule “B”.
New Term. As of March 15, 2024 (the “New Term Commencement Date”), the Term of the Lease shall be amended to commence upon the New Term Commencement Date and end on March 31, 2029 (such revised term shall herein be referred to as the “New Term”), upon the same terms, covenants as set forth in the Lease, except as expressly set forth in this Amendment. Landlord and T▇▇▇▇▇ acknowledge and agree that all of the terms, conditions, obligations, and rights of each party as set forth in the Lease shall continue in full force and effect from the Effective Date through the New Term Commencement Date.
New Term. Landlord and Tenant agree that the Term of the Lease is hereby amended such that the Term shall now expire on January 31, 2017 (the “New Term Expiration Date”). The period commencing on September 1, 2011 (the “New Term Commencement Date”) and ending on the New Term Expiration Date, consisting of sixty-five (65) months, shall hereafter be referred to as the “New Term.” No such extension shall operate to release Tenant from liability for any amounts owed or defaults which exist under the Lease as amended hereby (the “Amended Lease”) prior to the New Term Commencement Date.
New Term. Section 2 of the Lease is hereby amended to read as follows: The term of the Lease of the Aircraft shall commence on the 11th day of December 2000 and shall continue through and including December 10, 2002.
New Term. Section 7.1 of the K-Cup Sales Agreement is hereby amended and restated in its entirety to read as follows:
New Term. The Term of the Lease is hereby extended such that the Term shall now expire on November 30, 2021 (the “New Term Expiration Date”). The period commencing retroactively on July 1, 2013 (the “New Term Commencement Date”) and ending on the New Term Expiration Date, consisting of one hundred one (101) months, shall hereafter be referred to as the “New Term”. No such extension shall operate to release Tenant from liability for any amounts owed or defaults which exist under the Lease as amended hereby (the “Amended Lease”) prior to the New Term Commencement Date.
New Term. In the event Tenant wishes to remain in the Demised Premises beyond the expiration of the Term (“New Term”), and provided that Tenant is not then in default under the terms of this Lease, Tenant must give written notice of its desire to enter into a new lease for such New Term in the Demised Premises (“New Term Notice”) to Landlord at least six (6) months prior to the expiration of the Term of this Lease. Upon receipt of Tenant’s New Term Notice, Landlord will advise Tenant of the basic terms to be included in a new lease for the New Term, which shall include, among other things, a three percent (3%) Rental Increase, as further described by section
4.1 of this Lease (“New Term Offer Notice”). Tenant shall have twenty (20) days from receipt of Landlord’s New Term Offer Notice to accept, in writing, the Demised Premises for the New Term upon the terms and conditions set forth in Landlord’s New Term Offer Notice. If ▇▇▇▇▇▇ accepts the New Term Offer Notice in writing as provided above, Landlord will prepare a new lease containing all terms and conditions regarding Tenant’s New Term in the Demised Premises. Notwithstanding the foregoing, neither Landlord nor Tenant will be legally bound in any manner unless and until a final lease for the New Term has been executed and delivered by both parties. If Tenant fails to accept the New Term Offer Notice in writing as provided above, or declines the New Term Offer Notice, then Tenant shall have no further right to lease the Demised Premises for a New Term and Landlord may thereupon enter into a lease with a third-party for the Demised Premises, or any portion thereof, on such terms as shall be determined by Landlord in its sole discretion.
New Term. If the Licensee does not comply with the provisions of Sections 4.3 or 4.5, and the Licensee requires the Services after the expiry of the period referred to in Section 4.5, the Licensee will request a Quote in accordance with Section 3.1.
New Term. The Term for the New Premises shall commence on the New Commencement Date and expire on July 31, 2022 (“New Term”).