Common use of Extension of Term of Agreement Clause in Contracts

Extension of Term of Agreement. 3.01 The Agreement will be valid till the Term of the Agreement as stipulated in Article 2 and may be extended further by mutual consent subject to availability of gas and Seller’s ability to supply. The Agreement will be reviewed by the Parties 06 (six) months prior to the expiry of the Term which is specified in Article 2 above, and may be extended further subject to gas availability on mutually agreed terms and conditions, including but not limited to the duration of such extension.

Extension of Term of Agreement. 3.01 The Agreement will be valid till the Term of the Agreement as stipulated in Article 2 and may be extended further by mutual consent subject to availability of gas and SellerONGC’s ability to supply. The Agreement will be reviewed by the Parties before 06 (six) months prior to the of expiry of the Term which is specified in Article 2 above, and may be extended further subject to gas availability on mutually agreed terms and conditions, including but not limited to the duration of such extension.

Extension of Term of Agreement. 3.01 The Agreement will be valid till the Term of the Agreement as stipulated in Article 2 and may be extended further by mutual consent subject to availability of gas and Seller’s Seller‟s ability to supply. The Agreement will be reviewed by the Parties 06 (six) months prior to the expiry of the Term which is specified in Article 2 above, and may be extended further subject to gas availability on mutually agreed terms and conditions, including but not limited to the duration of such extension.