Common use of Operating Term Clause in Contracts

Operating Term. The “Operating Term” of this Lease shall commence upon the expiration of the Procurement and Construction Period and shall continue until that date which is twenty-five (25) years from the Effective Date of this Lease. Notwithstanding the foregoing, the Operating Term may be terminated prior to the expiration of the Lease Term in accordance with the terms of this Lease.

Operating Term. The “Operating Term” of this Lease shall commence upon the expiration of the Procurement and Construction Period and shall continue until that date which is twenty-five (25) for a period of 25 years from less the Effective Date time of this Leasethe Procurement and Construction Period. Notwithstanding the foregoing, the Operating Term may be terminated prior to the expiration of the Lease Term in accordance with the terms of this LeaseAgreement.

Operating Term. The “Operating Term” of this Lease shall commence upon the expiration of the Procurement and Construction Period and shall continue until that date which is for a period of twenty-five (25) years from less the Effective Date time of this Leasethe Procurement and Construction Period. Notwithstanding the foregoing, the Operating Term may be earlier terminated prior to the expiration of the Lease Term in accordance with the terms of this LeaseAgreementLease.