Early Expiry of the Contract Sample Clauses

Early Expiry of the Contract. (a) In the event of an Early Expiry of the Contract, the Lender shall provide the Borrower with information on the amount of payments received from the Obligor before the date of the Early Expiry of the Contract (the "Payments Received"). (b) Within 14 days from the date of Early Expiry of the Contract, the Borrower shall offer to reimburse the Lender with, and upon acceptance by the Lender shall reimburse the Lender: (i) any difference between the total amount of Loan outstanding at the end of the Availability Period together with the interest which would have been payable had an Early Expiry of the Contract not occurred and the Payments Received (the "Difference"), and (ii) any interest which accrues on the Difference calculated at the interest rate that the Lender could earn by placing the Difference (separately for each Annual Fee originally payable under the Contract) on deposit with a leading bank in the relevant Interbank Market for the period starting on the date of the actual payment of such Difference up to the date on which the respective Annual Fee would have been payable had the Early Expiry of the Contract not occurred; and (iii) the Hedge Costs. (c) With respect to the offer to reimburse referred to in Subsection (b) above, the Lender shall have the option to accept all or a portion of such offer for a period of 14 days from the date of receipt thereof by the Lender and such offer shall thereafter expire.
Sample 1
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Related to Early Expiry of the Contract

  • Modification, Extension and Renewal of Options The Board or a duly appointed committee thereof, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Code and applicable securities laws. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Recipient, alter to the Recipient’s detriment or impair any rights of Recipient hereunder.

  • TERM OF THE CONTRACT This Contract begins on 07/01/2015 and ends on 06/30/2016. DSHS has the option, in its sole discretion, to renew the Contract. DSHS is not responsible for payment under this Contract before both parties have signed the Contract or before the start date of the Contract, whichever is later.

  • Contract Expiration The contract shall expire 120 days after the final services have been rendered.

  • Expiry of Agreement If the HSP intends to allow this Agreement to expire at the end of its term, the HSP will provide 6 months’ Notice (or such shorter period as may be agreed by the HSP and the Funder) to the Funder, along with a Transition Plan, acceptable to the Funder, that indicates how the needs of the HSP’s clients will be met following the expiry and how the transition of the clients to new service providers will be effected within the 6- month Notice period.

  • OPTION TO EXTEND THE TERM OF THE CONTRACT (MAR 2000)

  • Lease Expiration Date The last day of the month in which the sixty-sixth (66th) month anniversary of the Lease Commencement Date occurs. 7.4

  • Extension; Waiver At any time prior to the Effective Time any party hereto may, to the extent legally allowed, (i) extend the time for the performance of any of the obligations or other acts of the other parties hereto, (ii) waive any inaccuracies in the representations and warranties made to such party contained herein or in any document delivered pursuant hereto and (iii) waive compliance with any of the agreements or conditions for the benefit of such party contained herein. Any agreement on the part of a party hereto to any such extension or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such party.

  • Policy Renewal/Expiration At least thirty (30) days prior to the expiration of any policy required by this Contract, evidence of renewal or replacement policies of insurance with terms no less favorable to OGS than the expiring policies shall be delivered to OGS in the manner required for service of notice in Paragraph A.3.

  • Modification, Extension The issuance of any supplement, modification, amendment, renewal, or extension to any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Interim Extension Amendment a. Prior to or on the expiration date of this Contract, the Parties agree that this Contract can be extended as provided under this Section. b. The System Agency will provide written notice of interim extension amendment to the Grantee under one of the following circumstances: 1. Continue provision of services in response to a disaster declared by the governor; or 2. To ensure that services to clients continue without interruption. c. The System Agency will provide written notice of the interim extension amendment that specifies the reason and length of time for the extension. d. Grantee will provide and invoice for services in the same manner as stated in the Contract. e. An interim extension under Section (b)(1) above will extend the term of the contract not longer than 30 days after governor's disaster declaration is declared unless the Parties agree to a shorter period of time. f. An interim extension under Section (b)(2) above will be a one-time extension for time determined by the System Agency.

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