Extension of Head Leases Sample Clauses

Extension of Head Leases. (a) TowerCo must not surrender or otherwise terminate a Head Lease (or any renewal thereof) prior to its expiry by effluxion of time or otherwise without the agreement of the Operator (acting reasonably). (b) TowerCo must use best efforts to renew or renegotiate a Head Lease on its expiry by effluxion of time. Best efforts in this clause 8.2
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Extension of Head Leases. (a) TowerCo must not surrender or otherwise terminate a Head Lease (or any renewal thereof) prior to its expiry by effluxion of time or otherwise without the agreement of the Operator (acting reasonably). (b) TowerCo must use best efforts to renew or renegotiate a Head Lease on its expiry by effluxion of time. Best efforts in this clause 8.2(b) means taking all action reasonably necessary, and acting diligently, to renew or renegotiate a Head Lease, but does not require paying money in circumstances that are commercially onerous or unreasonable or agreeing to commercially onerous or unreasonable conditions in the context of doing business in Indonesia. TowerCo must commence efforts to renew or renegotiate a Head Lease at least 6 months prior to its expiry by effluxion of time and keep the Operator informed as to the status of such efforts to renew or renegotiate a Head Lease on a monthly basis. TowerCo must continue to use best efforts to renew or renegotiate the Head Lease up to the expiry of the Head Lease by effluxion of time. (c) The Operator may at any time after one month prior to the expiry of a Head Lease, by giving 10 Working Days notice to TowerCo, unless the Operator has at any time up to the date of termination been provided with evidence by TowerCo that an extension of the Head Lease has been agreed, terminate the affected Site Licence or Site Licences, without liability to the Operator, and either: (i) migrate any affected Operator Equipment in accordance with the Principles of Migration, with the costs of such migration to be shared equally by the parties; or (ii) exercise the Bargain Purchase Option in respect of the applicable Site in accordance with paragraph 2 of Schedule 4 (Bargain Purchase Option), in which case the parties must take all steps necessary to give effect to the Bargain Purchase Option upon expiry of the relevant notice period. (d) TowerCo must provide all assistance reasonably requested by the Operator for the purposes of the Operator exercising its rights under this clause 8.2 and must use best efforts to ensure minimal disruption to the Operator’s Business. TowerCo agrees to reimburse the Operator for TowerCo’s share of the reasonable costs incurred by the Operator in relation to such migration within 15 Working Days of receiving an invoice evidencing for such costs.

Related to Extension of Head Leases

  • Extension of Agreement Prior to the original expiration date of this Agreement, the Parties mutually agree to extend this Agreement to the February 15 extension date identified in Paragraph VIII(A). The Parties acknowledge that no further extensions of this Agreement are authorized.

  • Stay, Extension and Usury Laws The Company and each of the Guarantors covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture; and the Company and each of the Guarantors (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted.

  • Extension of Contract The Director of Procurement Services may, with the consent of the contractor extend the Contract period beyond the indicated expiration date.

  • EXTENSION OF USE The Contract may be extended to additional States or governmental jurisdictions upon mutual written agreement between New York State (the lead contracting State) and the Contractor. Political subdivisions and other authorized entities within each participating State or governmental jurisdiction may also participate in the Contract if such State normally allows participation by such entities. New York State reserves the right to negotiate additional minimum NYS Vehicle Discounts based on any increased volume generated by such extensions.

  • Extension of Lease Term The Original Lease Term is hereby extended for a period of eighteen (18) months continuing through and including November 30, 2022 (the “Extension Term” and the Original Lease Term as so extended by the Extension Term, the “Lease Term”).

  • Extension of Time; Waiver At any time prior to the Effective Time, the parties may, by action taken or authorized by their respective Boards of Directors, to the extent permitted by applicable Law, (a) extend the time for the performance of any of the obligations or acts of the other parties, (b) waive any inaccuracies in the representations and warranties of the other parties set forth in this Agreement or any document delivered pursuant hereto or (c) subject to applicable Law, waive compliance with any of the agreements or conditions of the other parties contained herein; provided, however, that after the Company Stockholder Approval has been obtained, no waiver may be made that pursuant to applicable Law requires further approval or adoption by the Stockholders without such further approval or adoption. Any agreement on the part of a party to any such waiver shall be valid only if set forth in a written instrument executed and delivered by a duly authorized officer on behalf of such party. No failure or delay of any party in exercising any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the parties hereunder are cumulative and are not exclusive of any rights or remedies which they would otherwise have hereunder.

  • Extension of Time, Waiver, Etc At any time prior to the Effective Time, any party may, subject to applicable Law, (a) waive any inaccuracies in the representations and warranties of any other party hereto, (b) extend the time for the performance of any of the obligations or acts of any other party hereto or (c) waive compliance by the other party with any of the agreements contained herein or, except as otherwise provided herein, waive any of such party’s conditions. Notwithstanding the foregoing, no failure or delay by the Company, Parent or Merger Sub in exercising any right hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right hereunder. 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.

  • Extension of Time If the Executive shall be in violation of any provision of this Article 6, then each time limitation set forth in this Article 6 shall be extended for a period of time equal to the period of time during which such violation or violations occur. If the Company seeks injunctive relief from such violation in any court, then the covenants set forth in this Article 6 shall be extended for a period of time equal to the pendency of such proceeding including all appeals by the Executive.

  • 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.

  • Extension of Leave 7 If an extension of the leave is required, a request for the extension must be 8 submitted in writing at least five (5) days in advance of the leave expiration 9 or as soon as practical. Consideration of an extension will be based on the 10 same criteria as the original request. Failure to return to work at the 11 expiration of the leave may result in termination.

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