Automatic Extension of Term. 54 13. Default...................................................................54 13.1 Events..........................................................54 13.2 Rights..........................................................57 13.3 Deregistration..................................................61 14. Assignment................................................................61 14.1 Lessee's Assignment.............................................61 14.2 Lessor's Assignment.............................................61 14.3 Transfer........................................................61 15. Illegality................................................................61 16. Miscellaneous.............................................................62 16.1
Automatic Extension of Term. In the event of Lessee's failure to make the Aircraft available to Lessor for timely inspection pursuant to Clauses 12.1 hereof, non-compliance of the condition of the Aircraft under Clause 12.3 hereof or any other failure of Lessee which prevents timely Redelivery of the Aircraft to Lessor, the Term of this Agreement will be automatically extended and this Agreement will remain in force until such non-compliance has been rectified, with Lessee being obligated to pay Rent at a rate specified in Clause 5.3 plus * percent on a per diem basis with respect to the period of such extension.
Automatic Extension of Term. Subject to the provisions of Subsection (c) of this Section 1, Section 5 and Section 6 below, the term of this Agreement shall be extended automatically for one year effective on May 16, 2016 (so that effective on that date the term of employment shall be extended from May 16, 2018 to May 16, 2019), and on each succeeding May 16 (so that, effective on each such day, the remaining term of employment shall be for a full three-(3) year period).
Automatic Extension of Term. Section 40.1.
Automatic Extension of Term. At the end of any two year term, this agreement will be automatically extended for an additional two year term unless terminated by notice as stated in paragraph 3.
Automatic Extension of Term. Xxxx'x delivery to DAE of an Exercise Notice shall automatically extend the term of this Agreement for a sufficient period of time beyond the expiration date to accommodate the time periods provided in this Paragraph 4 (such as, without limitation, the possible occurrence of Closing on as late as the 90th day after the Exercise Date).
Automatic Extension of Term. The term of this Agreement shall be automatically extended to December 31, 2003 ("Automatic Extension"), unless sooner terminated in accordance with the provisions of Section 13, subject to satisfaction on or before November 1, 2002 of the following two (2) conditions:
Automatic Extension of Term. If a Change of Control occurs during the original term of this Agreement or any extension, then the term of this Agreement shall be automatically extended for a thirty-six (36) calendar month period beginning on the first day of the month following the month in which such Change of Control occurs. c.
Automatic Extension of Term. The Employee and the Company each agree not to give notice under Section 5 of the Agreement of non-concurrence to the automatic renewal of the Term for the year commencing September 30, 2000.
Automatic Extension of Term. Optionee's delivery to Optionor of an Exercise Notice shall automatically extend the term of this Agreement for a sufficient period of time beyond the then-applicable expiration date to accommodate the time periods provided in this Paragraph 4.
