Common use of Automatic Extension of Term Clause in Contracts

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. 54 55 13. Default...................................................................54 ............................................................... 56 13.1 Events..........................................................54 ....................................................... 56 13.2 Rights..........................................................57 ....................................................... 59 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............................................... 63