TERM AND LEASE Sample Clauses

TERM AND LEASE. ▇▇▇▇▇▇▇▇ agrees to lease to ▇▇▇▇▇▇ and ▇▇▇▇▇▇ agrees to lease from Landlord the Premises for the full term of three (3) years beginning July , 2024 and ending July , 2027 (the “Term”). The annual lease payment shall be in the sum of One Dollar ($1.00), plus applicable sales taxes, which shall be payable in advance yearly. At the signing of this Agreement, Tenant shall pay the first annual rental payment in advance. The remaining yearly lease payments shall be payable in advance at the commencement of each successive term during this Agreement. There will be a single option to renew for an additional three (3) year term.

TERM AND LEASE. 1.1 MFN hereby leases to Carrier, pursuant to Supplements to be executed by the parties, optical fiber ("Leased Fiber") on MFN's fiber optic cable network ("Network") and/or constructed and installed specifically for Carrier and the equipment and interfaces described in the Supplements to the Product Order ("Equipment"), as provided in the Product Order and the Supplements thereto. The Leased Fiber and Equipment leased by Carrier will be referred to as the "Product". The lease term ("Lease Term") and other specific terms pertaining to the Product are set forth in the Supplements. The term "Party" will refer, individually, to either MFN or Carrier and the term "Parties" will refer to both of them. The term "Agreement" will mean and include the Product Order, all Supplements and all Exhibits thereto and these General Terms and Conditions.

TERM AND LEASE. Except as otherwise expressly stated in this lease, the "term" of this lease shall include the original term and any additional term or extended term, and references to this "lease" shall include this instrument and any properly executed amendment thereof or supplement thereto.

TERM AND LEASE. CITY leases THE FACILITY to LCBA for an initial term of five (5) years commencing on or about December 1, 2024, with an option to renew at subsequent three (3) year intervals thereafter upon mutual agreement of the CITY and LCBA. The annual market value lease rate for the Facility shall be Fifty-Four Thousand Dollars ($54,000) annually. The first LEASE YEAR shall commence on or about December 1, 2024 and end on November 30, 2025. All payments required herein are payable in advance on the first day of each month during the term of THIS AGREEMENT or any renewal thereof.

TERM AND LEASE. 1.1 MFN hereby leases to Carrier, pursuant to Supplements to be executed by the parties, optical fiber ("Leased Fiber") on MFN's fiber optic cable network ("Network") and/or constructed and installed specifically for Carrier and the equipment and interfaces described in the Supplements to the Product Order ("Equipment"), as provided in the Product Order and the Supplements thereto. The Leased Fiber, Building Access and Equipment leased by Carrier will be referred to as the "Product". The lease term ("Lease Term") and other specific terms pertaining to the Product are set forth in the Supplements. The term "Party" will refer, individually, to either MFN or Carrier and the term "Parties" will refer to both of them. The term "Agreement" will mean and include the Product Order, Supplements and all Exhibits thereto and these General Terms and Conditions. 1.2 MFN will use commercially reasonable efforts to complete installation of and provide Carrier with access to the Product on or about the Estimated Installation Completion Date specified in the Supplements at the Carrier Locations specified in the Supplement ("Turnover Date"). For a period of time not to exceed ten (10) business days after the Turnover Date (the "Acceptance Test Period"), Carrier will conduct such testing as it reasonably deems necessary to ensure that the Product conforms in all material respects to the technical specifications set forth in Exhibit A to the Product Order ("Specifications"). Carrier will use commercially reasonable efforts to complete such acceptance testing and notify MFN in writing within five (5) business days after the Turnover Date, but in any event within the Acceptance Test Period, of acceptance or of any "Deficiencies" (as defined herein) in the Product. Deficiencies exist if the Product does not conform in all respects to the relevant Specifications. Upon receipt of such notification from Carrier, MFN will promptly undertake correction of such Deficiencies and restore access to and use of the Product to Carrier. The "Service Date," whereupon the Lease Term commences, will be the earlier of (i) completion of testing and acceptance of Product by Carrier, (ii) expiration of the AcceptanceTest Period or, (iii) if Carrier has identified Deficiencies, then the first date upon which Product conforms in all material respects with the relevant Specifications. If the Service Date for any Leased Fiber does not occur within one hundred and eighty (180) days of the Estimated Inst...

TERM AND LEASE. MAIN STREET leases THE PREMISES for a term of ten (10) years commencing on or about: (i) June 1, 2018, or (ii) within 12 months of the CITY’s execution of the grant agreement with Wyoming Business Council, or (iii) or upon issuance of Certificate of Occupancy, whichever is later. The lease will terminate one hundred twenty (120) months from the date of commencement, without any notice required of either party. Neither party shall have a right to renew this lease; any lease renewal or extension must be mutual consent expressed in writing between the parties. The base monthly lease amount shall be two thousand, eight hundred and sixty-seven dollars ($2,867.00) for the ground level space. The additional lease amount for any additional space leased under § 2.1 shall be mutually agreed upon between MAIN STREET and BIG HOLLOW. In the absence of the parties mutually agreeing upon such an amount, the additional space will be valued at fair market value, as determined by a certified general real estate appraiser to be selected by MAIN STREET. No actual appraisal need be conducted, the appraiser will be expected to supply his/her opinion as to then-existing commercial lease rates in the City of Laramie, Wyoming. All payments required herein are payable in advance on the first day of each month during the term of THIS AGREEMENT or any renewal thereof. MAIN STREET will deduct, in the form of credit to BIG HOLLOW, the amount of $500.00 off of the monthly base rental amount, per month, until such time as BIG HOLLOW has recaptured the 1.25% matching project cost cash contribution BIG HOLLOW previously made without interest. MAIN STREET is not liable to reimburse or credit BIG HOLLOW for any remaining or uncredited amount of BIG HOLLOW’s prior contribution should BIG HOLLOW terminate this lease or unilaterally vacate THE PREMISES prior to receiving the full value of its prior contribution. MAIN STREET may, annually, review the rental rates charged to BIG HOLLOW and may, at its sole discretion, lower rental rates and may also, at its sole discretion, raise rental rates, but not by more than 3.0% of the base monthly or yearly lease amount without the consent of BIG HOLLOW. For an example, see Rent Appendix.

TERM AND LEASE. 2.1 Unless sooner terminated in accordance with the terms of this Agreement, NFN hereby grants to NEXTLINK a lease of the exclusive use of * fiber-miles of optical fiber, provided as those contiguous strands of fiber within the NFN System as described in Exhibit A to this Agreement and as other fibers (the "Banked Fiber") at locations within the NFN System in Manhattan as NEXTLINK may choose to utilize up to the total of * fiber-miles of optical fiber (such fiber together with NEXTLINK Extensions to those NEXTLINK Locations listed in the initial Exhibit F hereto, hereinafter, "NEXTLINK Fibers"), for an initial term commencing on the date of this Agreement and terminating on December 19, 2008 (the "Initial Term"), and a first additional term of one hundred and two (102) months, commencing immediately upon the expiration of the Initial Term. 2.2 Banked Fiber may be used from time to time during the term of this Agreement pursuant to the provisions of this Subarticle. NEXTLINK shall proposed the utilization of Banked Fiber by completing a Banked Fiber Request Form as provided by NFN. Upon receipt of a completed Request Form, NFN shall evaluate NEXTLINK's request and either (i) make such Banked Fiber available for use by NEXTLINK within thirty (30) days or (ii) notify NEXTLINK within five (5) days that Banked Fiber is not available at the location requested. Banked Fiber may also be used for new NEXTLINK Extensions pursuant to Subarticle 2.5(b), in which case Additional Fiber Charges shall not be assessed to the extent that fiber-miles of Banked Fiber are available; Monthly Recurring Charges pursuant to Subarticle 3.2, however, shall be required for NEXTLINK Extensions employing Banked Fiber. 2 2.3 NEXTLINK may, at its sole discretion, elect a second additional term of ten (10) years, commencing immediately upon the expiration of the first additional term (either the first or the second additional terms hereinafter an "Additional Term"). Any Additional Term shall be subject to such terms and conditions that may be imposed by the franchise granted to NFN by the City of New York for the period of such Additional Term. NEXTLINK shall provide written notice to NFN of its intention to exercise the option to make use of such second Additional Term no later than six (6) months but no more than twelve (12) months prior to the expiration of the first Additional Term. 2.4 NFN shall, as soon as practicable, but no later than nine (9) months after the date of this Agreeme...

TERM AND LEASE