Common use of Extension of Initial Term Clause in Contracts

Extension of Initial Term. In order to effect the extension of the Initial Term, the first sentence of Section 1 of the Agreement is hereby deleted in its entirety and replaced with the following sentence: "The term of this Agreement shall begin as of the Effective Date and, unless sooner terminated in accordance with subsections (a), (b) or (c) of this Section 1 or any other provision of this Agreement, shall continue until December 31, 2004 (such term, the "Initial Term")."

Appears in 3 contracts

Samples: Management Services and Administrative Agreement (Bioral Nutrient Delivery LLC), Management Services and Administrative Agreement (Biodelivery Sciences International Inc), Management Services and Administrative Agreement (Bioral Nutrient Delivery LLC)

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