Common use of Initial and Extended Term Clause in Contracts

Initial and Extended Term. This Agreement shall be effective from the Effective Date and shall continue for five (5) years thereafter (the "Initial Term") ; subject, however , to the terms of Section 5.2 hereof. At the end of the Initial Term, this Agreement shall continue in force and effect for the Extended Term; subject, however to the terms of Section 5.2 hereof. At the end of the Extended Term, this Agreement shall continue in force and effect for subsequent one (1) year periods unless terminated by either party pursuant to Section 5.2.

Appears in 2 contracts

Samples: Management Agreement (Deeptech International Inc), Leviathan Gas Pipeline Partners L P

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Initial and Extended Term. This Agreement shall be effective from the Effective Date and shall continue for five (5) years thereafter (the "Initial Term") ); subject, however however, to the terms of Section 5.2 hereof. At the end of the Initial Term, this Agreement shall continue in force and effect for the Extended Term; subject, however to the terms of Section 5.2 hereof. At the end of the Extended Term, this Agreement shall continue in force and effect for subsequent one (1) year periods unless terminated by either party pursuant to Section 5.2.

Appears in 2 contracts

Samples: Management Agreement (Deeptech International Inc), Management Agreement (Deeptech International Inc)

Initial and Extended Term. This Agreement shall be effective from the Effective Date and shall continue for five (5) years thereafter (the "Initial Term") ); subject, however , to the terms of Section 5.2 hereof. At the end of the Initial Term, this Agreement shall continue in force and effect for the Extended Term; subject, however to the terms of Section 5.2 hereof. At the end of the Extended Term, this Agreement shall continue in force and effect for subsequent one (1) year periods unless terminated by either party pursuant to Section 5.2.

Appears in 1 contract

Samples: Management Agreement (Deeptech International Inc)

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Initial and Extended Term. This Agreement shall be effective from the Effective Date and shall continue for five (5) years thereafter (the "Initial Term") ; subject, however however, to the terms of Section 5.2 hereof. At the end of the Initial Term, this Agreement shall continue in force and effect for the Extended Term; subject, however to the terms of Section 5.2 hereof. At the end of the Extended Term, this Agreement shall continue in force and effect for subsequent one (1) year periods unless terminated by either party pursuant to Section 5.2.

Appears in 1 contract

Samples: Management Agreement (Deeptech International Inc)

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