Examples of Extension Term in a sentence
If such notices of extension are received from Wholesale Customers representing at least two-thirds in number as of June 30, 2032 and seventy five percent (75%) of the quantity of water delivered by the SFPUC to all Wholesale Customers during fiscal year 2030-31, the Term shall be extended for another five (5) years ("First Extension Term"), through June 30, 2039.
No party to this Agreement which does not wish to remain a party during the Extension Term shall be compelled to do so by the actions of other parties under this section.
Tenant shall give Landlord not less than nine (9) months’ notice before i) the end of the original Lease Term if it wishes to exercise its option with respect to the First Extension Term and ii) the end of the First Extension Term if it wishes to exercise its option with respect to the Second Extension Term.