Example ContractsClausesRenewal Term
Renewal Term
Renewal Term contract clause examples

Renewal Term. Lessor hereby grants to Lessee the right to renew this Lease until December 23, 2023 for the base rent amount of Three Thousand Dollars and 59/100 ($3,000.59) per month (the “Option Term”). After the Option Term, this Lease shall automatically renew unless Lessee gives notice of termination as set forth in [Section 3.3] of this Lease (each a “Renewal Term” and collectively, the “Renewal Terms”). The terms and conditions for the Option Term and each Renewal Term shall be the same as for the Initial Term hereof, however the monthly rental payment shall be the rental payment then in effect, as adjusted pursuant to the procedure described in [Section 4.1] in this Lease.”

Term; Renewal. This Agreement has a one-year term from the Effective Date and shall continue in full force until the first anniversary of the Effective Date. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty to evaluate the performance of the Advisor annually before reentering into or renewing this Agreement, and each such renewal shall be for a term of no more than one year. Any such renewal must be approved by the Independent Directors. If this Agreement is not renewed by either party, the notice provisions of Section 13.02 shall apply to such determination to not renew.

Selected Renewal Term. The Lessee has elected the Selected Renewal Term. As set forth in [Sections 12(b)] and [Section 13(a)] of the Facility Lease, such election shall be irrevocable as to the Lessee, but shall not be binding on the Lessor if, on July 15, 2015, an Event of Default shall have occurred and be continuing or an Event of Loss or a Deemed Loss Event shall have occurred and the Lessor shall have demanded payment under [Section 9(c) or 9(d)])], as the case may be, or in response to which a Special Transfer has been effected.

Renewal Term License Fees. No fewer than thirty (30) calendar days prior to the last day of the Initial Term and any Renewal Term subsequent to the Initial Term, the parties shall negotiate the license fee payable for the upcoming Renewal Term. The new license fee shall be no more than 110% of the most recent flat monthly license fee in effect (the “Renewal License Fee”). Unless the parties agree otherwise, the Renewal License Fee shall be payable in advance on or before the first day of each month.

Renewal. If, as of the Effective Date, [[Organization C:Organization]] holds any outstanding undivided percentage ownership interests (each an “Existing Participation Interest”) in any Mortgage Loan purchased by [[Organization C:Organization]] from [[Organization B:Organization]] pursuant to a written mortgage warehouse agreement or similar written agreement executed by [[Organization C:Organization]] and [[Organization B:Organization]] prior to the Effective Date (as amended or modified from time to time, the

Renewal. A Participant who has revoked a Deferral Election may file a new Deferral Election to defer Compensation payable with respect to services performed or a performance period ending in the calendar year following the year in which such new Deferral Election is filed.

Non-Renewal of Employment Term. In the event that, # either party (you or the Company) provides a written notice that the Agreement will not be extended beyond December 31, 2026 and # your employment with the Company terminates upon the end of such Employment Term, and subject to your compliance with the obligations set forth in Sections 5, 7, 8, 9 and 100]0] of the Agreement and the timely satisfaction of the condition precedent in [Section 4(f)] of the Agreement, then:

#[[Organization A:Organization]] shall notify you six (6) months prior to the expiration of the Term in writing if it intends to continue your employment beyond the expiration of the Term. If you are notified that [[Organization A:Organization]] does intend to continue your employment, then you agree that you shall negotiate exclusively with [[Organization A:Organization]] for the first 90 days following such notification. Nothing contained herein shall obligate [[Organization A:Organization]] to provide an increase to your compensation hereunder upon such renewal.

Renewal Premiums. The Ceding Company shall not accept additional premium in accordance with [Section 3.02] with respect to any tax sheltered Reinsured Policy, except as required by the express terms of such Reinsured Policy.

Non-Renewal. The Executive’s employment with the Company and the Period of Employment will terminate if the Period of Employment is not extended under [Section 1.3], with such termination to be effective at the end of the Period of Employment then in effect.

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