Common use of Extension of the Term Clause in Contracts

Extension of the Term. Except as a result of the express extension rights set forth in this Section 1.3, the term of this Agreement shall extend beyond the Expiration Date, unless and until the City Council, in its sole discretion, approves such as extension amending the Agreement to provide for a term beyond the initial term.

Appears in 2 contracts

Samples: Disposition and Development Agreement, Disposition and Development Agreement

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Extension of the Term. Except as a result of the express extension rights set forth in this Section 1.3, the term of this Agreement shall not extend beyond the Expiration Date, unless and until the City Council, in its sole discretion, approves such as extension amending the Agreement to provide for a term beyond the initial term.

Appears in 1 contract

Samples: Disposition and Development Agreement

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Extension of the Term. Except as a result of the express extension rights set forth in this Section 1.3, the term Term of this Agreement shall not extend beyond the Expiration Date, unless and until the City Council, in its sole discretion, approves such as an extension amending the Agreement to provide for a term beyond the initial termTerm.

Appears in 1 contract

Samples: Disposition and Development Agreement

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