No Option to Renew Clause Samples
The "No Option to Renew" clause explicitly states that the agreement does not grant the parties any right to extend or renew the contract beyond its original term. In practice, this means that once the contract expires, the parties must negotiate a new agreement if they wish to continue their relationship, as there is no automatic or guaranteed extension. This clause serves to provide certainty regarding the contract's duration and prevents any assumptions or disputes about the possibility of renewal.
POPULAR SAMPLE Copied 123 times
No Option to Renew. Tenant acknowledges and agrees that it has no option or other right to renew or extend the term of the Lease beyond the Extended Base Term.
No Option to Renew. Neither this Agreement nor the Physician-in- Training’s appointment hereunder constitute an option for the benefit of the Physician- in-Training to renew or extend the Physician-in-Training’s appointment or a benefit, promise, or other commitment that the Physician-in-Training will be appointed as a continuing student in the Program for a period beyond the termination date of this Agreement.
No Option to Renew. For clarity, the Tenant shall have no option to renew this Lease. At the end of the Term, further leasing of the Lands shall be subject to process provided under the Grazing Lease Policy.
No Option to Renew. Notwithstanding anything to the contrary in the Lease or this Amendment, any option to renew or extend the Lease and any first right to lease additional space set forth in the Lease shall not apply to the Terminated Space.
No Option to Renew. It is understood that Section 5(b) of the Master Lease as to Option to Renew shall not be applicable with respect to this Sublease. The Sublessee shall not have any option or right to extend the term of this Sublease. The Sublessee shall negotiate with the Master Landlord a direct lease between the Sublessee and the Master Landlord for any period after the expiration date of this Sublease, and the Sublessor shall have no liability for periods after said expiration date. The Sublessor shall not exercise the extension option contained in Section 5(b) of the Master Lease unless such may be exercised separately without extending the Master Lease as to the Subleased Premises.
No Option to Renew. Neither this Agreement nor House Staff Officer’s employment hereunder constitute an option for the benefit of the House Staff Officer to renew or extend the House Staff Officer’s employment or a benefit, promise, or other commitment that the House Staff Officer will be appointed as a continuing resident trainee in the UT Austin Dell Medical School GME Training Program for a period beyond the one (1) year termination date of this Agreement.
No Option to Renew. Neither Trainee's appointment nor this Agreement constitutes an option for the benefit of Trainee to renew or extend the appointment or a benefit, promise, or other commitment that Trainee will be appointed as a continuing student in the Training Program for a period beyond the termination date of this Agreement. Trainee expressly acknowledges that additional training after a leave of absence may be needed for successful completion of Program Requirements and/or for Board certification; the amount of sick leave, leave of absence, or disability time that will necessitate prolongation of the training time for Trainee shall be determined by the Program Director, ACGME specialty or sub-specialty requirements, and/or the certifying Board. Trainee acknowledges that City of Hope may not be obligated to provide such training beyond the expiration of the term of this Agreement.
No Option to Renew. Neither this Contract nor the Resident’s appointment hereunder constitutes an option to renew or extend the Resident’s appointment to the Staff or Program, or a benefit, promise or other commitment that the Resident will be appointed to the Staff or Program for a period beyond the expiration or termination of this Contract.
No Option to Renew. Subtenant shall have no option to renew or extend the Term. Sublandlord acknowledges that it shall not exercise its option to renew the term pursuant to Section 28.01 of the Master Lease.
No Option to Renew tenant shall not have any option to renew or extend the Lease and any exercise, or purported exercise, of an option to extend the term of the Lease by tenant is void and of no force and effect...