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Initial Term Loans
Initial Term Loans contract clause examples
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Initial Term. The initial term of this Agreement shall begin on the date first set forth above, (“Commencement Date”) and shall continue until the earlier of: # the date on which it is terminated pursuant to Section 5; or # five (5) years following the Commencement Date (“Initial Term”). At the conclusion of the Initial Term, and each successive term thereafter, the Agreement shall be automatically renewed for an additional three-year term, unless either party gives written notice of its intention to terminate the Agreement at least nine (9) months prior to the automatic renewal date.

Initial Term. The Initial Term of the Lease shall be extended for a period of three (3) years and shall expire on the New Expiration Date as to both the Existing Premises and the Expansion Premises. The line captioned “Expiration Date” in the Lease Summary Sheet is deleted in its entirety, and each instance of the Lease that refers to the “Expiration Date” shall be deemed to refer to the New Expiration Date.

Initial Term. Executive’s employment under this Agreement commenced effective April 1, 2020 (“Effective Date”), and will continue for a period of two (2) years (the “Initial Term”). Thereafter, this Agreement shall renew only upon thirty (30) days written notice as provided in Section 4(b).

Initial Term. Sublandlord does hereby lease and demise to Subtenant, and Subtenant does hereby lease and accept from Sublandlord, the Subleased Premises for a term (the “Sublease Term”) commencing on the “Commencement Date” of the Master Lease (the “Sublease Commencement Date”) and terminating at the end of the 60th full month thereafter (the “Sublease Termination Date”), subject to extension or earlier termination pursuant to the terms of the Master Lease or this Sublease.

Initial Term. The initial term of this Agreement shall begin on the date first set forth

Initial Term. The lease of the Premises shall commence on the Lease Commencement Date and shall be for a period of 10 (ten) years thereafter (the “Initial Term”).

Initial Term. The initial term of this Agreement (the “Initial Term”) shall commence on the Effective Date and remain in effect for ten (10) years unless sooner terminated as expressly provided under the term of this Agreement.

Initial Term. The initial term of this Agreement shall begin on the Commencement Date and continue for two (2) years (the “Initial Term,” and together with any renewals, if applicable, the “Term”).

Initial Term. This Agreement shall commence on the Distribution Date and shall continue in full force and effect, subject to Section 5(b), until the date that is eight (8) years from the Distribution Date (the “Initial Term”), or the earlier date upon which this Agreement has been otherwise terminated in accordance with the terms hereof.

Initial Term. The initial term shall commence on the date of the Agreement and shall continue in full force and effect, subject to Section 5(b), until August 31, 2025 (the “Initial Term”), or the earlier date upon which this Agreement has been otherwise terminated in accordance with the terms hereof.

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