Common use of Extension Period Clause in Contracts

Extension Period. 1.1 Blast agrees to extend the period that Maxim has to pay the additional Three Hundred Thousand ($300,000) Dollars of the balance due to July 25, 2005. Consequently Maxim will pay Four Hundred Thousand ($400,000) Dollars on July 25, 2005 in total. This extension is a one time extension and is not subject to any grace or cure periods. Failure to pay by the Four Hundred Thousand ($400,000) Dollars on July 25, 2005 will result in the lapse of the assignment and forfeiture of all prior consideration.

Appears in 1 contract

Samples: Assignment of License Agreement (Blast Energy Services, Inc.)

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Extension Period. 1.1 Blast agrees to extend the period that Maxim has to pay fund the additional Three Hundred and Sixty Five Thousand ($300,000365,000) Dollars of the balance due to July 25September 16, 2005. Consequently Maxim will pay Four Hundred Thousand ($400,000) Dollars on July 25, 2005 in total. This extension is a one time extension and is not subject to any grace or cure periods. Failure to pay by the Four Three Hundred and Sixty Five Thousand ($400,000365,000) Dollars on July 25or before September 16, 2005 will result in the lapse of the assignment and forfeiture of all prior consideration.

Appears in 1 contract

Samples: Assignment of License Agreement (Blast Energy Services, Inc.)

Extension Period. 1.1 Blast agrees to extend the period that Maxim has to pay fund the additional Three Hundred and Sixty Five Thousand ($300,000365,000) Dollars of the balance due to July 25August 26, 2005. Consequently Maxim will pay Four Hundred Thousand ($400,000) Dollars on July 25, 2005 in total. This extension is a one time extension and is not subject to any grace or cure periods. Failure to pay by the Four Three Hundred and Sixty Five Thousand ($400,000365,000) Dollars on July 25or before August 26, 2005 will result in the lapse of the assignment and forfeiture of all prior consideration.

Appears in 1 contract

Samples: Assignment of License Agreement (Blast Energy Services, Inc.)

Extension Period. 1.1 Blast agrees to extend the period that Maxim has to pay fund the additional Three Hundred and Sixty Five Thousand ($300,000365,000) Dollars of the balance due to July 25September 9, 2005. Consequently Maxim will pay Four Hundred Thousand ($400,000) Dollars on July 25, 2005 in total. This extension is a one time extension and is not subject to any grace or cure periods. Failure to pay by the Four Three Hundred and Sixty Five Thousand ($400,000365,000) Dollars on July 25or before September 9, 2005 will result in the lapse of the assignment and forfeiture of all prior consideration.

Appears in 1 contract

Samples: Assignment of License Agreement (Blast Energy Services, Inc.)

Extension Period. 1.1 Blast agrees to extend the period that Maxim has to pay the additional Three Four Hundred Thousand ($300,000400,000) Dollars of the balance due to July 2529, 2005. Consequently Maxim will pay Four Hundred Thousand ($400,000) Dollars on July 25, 2005 in total. This extension is a one time extension and is not subject to any grace or cure periods. Failure to pay by the Four Hundred Thousand ($400,000) Dollars on July 2529, 2005 will result in the lapse of the assignment and forfeiture of all prior consideration.

Appears in 1 contract

Samples: Assignment of License Agreement (Blast Energy Services, Inc.)

Extension Period. 1.1 Blast agrees to extend the period that Maxim has to pay the additional Three Hundred and Sixty Five Thousand ($300,000365,000) Dollars of the balance due to July 25August 5, 2005. Consequently Maxim will pay Four Hundred Thousand ($400,000) Dollars on July 25, 2005 in total. This extension is a one time extension and is not subject to any grace or cure periods. Failure to pay by the Four Three Hundred and Sixty Five Thousand ($400,000365,000) Dollars on July 25or before August 5, 2005 will result in the lapse of the assignment and forfeiture of all prior consideration.

Appears in 1 contract

Samples: Assignment of License Agreement (Blast Energy Services, Inc.)

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Extension Period. 1.1 Blast agrees to extend the period that Maxim has to pay fund the additional Three Hundred and Sixty Five Thousand ($300,000365,000) Dollars of the balance due to July 25August 12, 2005. Consequently Maxim will pay Four Hundred Thousand ($400,000) Dollars on July 25, 2005 in total. This extension is a one time extension and is not subject to any grace or cure periods. Failure to pay by the Four Three Hundred and Sixty Five Thousand ($400,000365,000) Dollars on July 25or before August 12, 2005 will result in the lapse of the assignment and forfeiture of all prior consideration.

Appears in 1 contract

Samples: Assignment of License Agreement (Blast Energy Services, Inc.)

Extension Period. 1.1 Blast agrees to extend the period that Maxim has to pay fund the additional Three Hundred and Sixty Five Thousand ($300,000365,000) Dollars of the balance due to July 25September 2, 2005. Consequently Maxim will pay Four Hundred Thousand ($400,000) Dollars on July 25, 2005 in total. This extension is a one time extension and is not subject to any grace or cure periods. Failure to pay by the Four Three Hundred and Sixty Five Thousand ($400,000365,000) Dollars on July 25or before September 2, 2005 will result in the lapse of the assignment and forfeiture of all prior consideration.

Appears in 1 contract

Samples: Assignment of License Agreement (Blast Energy Services, Inc.)

Extension Period. 1.1 Blast agrees to extend the period that Maxim has to pay fund the additional Three Hundred and Sixty Five Thousand ($300,000365,000) Dollars of the balance due to July 25August 19, 2005. Consequently Maxim will pay Four Hundred Thousand ($400,000) Dollars on July 25, 2005 in total. This extension is a one time extension and is not subject to any grace or cure periods. Failure to pay by the Four Three Hundred and Sixty Five Thousand ($400,000365,000) Dollars on July 25or before August 19, 2005 will result in the lapse of the assignment and forfeiture of all prior consideration.

Appears in 1 contract

Samples: Assignment of License Agreement (Blast Energy Services, Inc.)

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