Necessary Extension Sample Clauses

Necessary Extension. RGE may provide written notice to Xxxxx (“Notice of Necessary Extension”) indicating that RGE has reasonably determined, in consultation with the NYISO and the NYPSC and subject to any order or requirement of the NYPSC, that the continued operation of the RSS Unit is required for reliability purposes after the expiration of the Initial Term and any such extension shall be for a period of eighteen (18) months (“Necessary Extension”). Such Notice of a Necessary Extension shall be provided no later than January 31, 2017. Xxxxx shall acknowledge receipt of the Notice of Necessary Extension in writing to RGE within five (5) business days of receipt. Upon RGE sending such Notice of Necessary Extension, the Term shall be extended by a period of eighteen (18) months through the hour ending at 2400 EPT on March 31, 2020.
Sample 1Sample 2
AutoNDA by SimpleDocs
Necessary Extension. (a) NYSEG agrees to provide written notice to Cayuga (“Notice of Necessary Extension”) indicating the need for either or both of the RSS Units for six months after the expiration of the Initial Term (“Necessary Extension”). Such Notice of a Necessary Extension will be provided no later than January 15, 2017 of the Initial Term. Cayuga shall acknowledge receipt of the Notice of Necessary Extension in writing to NYSEG within five business days of receipt. (b) Upon NYSEG sending the Notice of Necessary Extension set forth in Section 2.2 (a) above, the Initial Term shall be extended six months through the hour ending at 2400 EPT on December 31, 2017. (c) NYSEG agrees to provide written notice to Xxxxxx (“Notice of a Second Necessary Extension”) indicating the need for either or both of the RSS Units after the expiration of the Necessary Extension (“Second Necessary Extension”). Such Notice of a Second Necessary Extension will be provided no later than August 15, 2017. (d) Upon receiving notice from NYSEG regarding the need for a Second Necessary Extension, the Parties will engage in good faith negotiations to establish in a new written agreement the terms and conditions of such Second Necessary Extension (“Second Necessary Extension Agreement”), including, without limitation, all aspects of RSS. (e) If the Parties are unable to agree on the terms and conditions of a Second Necessary Extension Agreement, they agree to seek the assistance of Staff to help facilitate the resolution of differences between the Parties. The Parties shall at all times negotiate in good faith provided, however, that each Party at any time shall be free to pursue any legal remedies available to it by law.
Sample 1

Related to Necessary Extension

  • Renewal, Extension The renewal or extension of any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Modification, Extension The issuance of any supplement, modification, amendment, renewal, or extension to any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • 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.

  • Contract Extension The City may, in its sole discretion, unilaterally exercise an option to extend the Contract as described in the Contract Documents. In addition, the City may, in its sole discretion, unilaterally extend the Contract on a month-to-month basis following contract expiration if authorized under Charter section 99 and the Contract Documents. Contractor shall not increase its pricing in excess of the percentage increase described in the Contract.

  • Renewal, Extension or Rearrangement All provisions of this Agreement and of any other Financing Documents relating to the Notes or other Lender Indebtedness shall apply with equal force and effect to each and all promissory notes hereafter executed which in whole or in part represent a renewal, extension for any period, increase or rearrangement of any part of the Lender Indebtedness originally represented by the Notes, or of any part of such other Lender Indebtedness.

  • Term of Contract; Contract Extension The Contract will be in effect from the Effective Date (15 December 2016) through 31 December 2018. DAS, in its sole discretion, may extend this Contract for additional terms beyond the original term, prior to Termination or expiration, one or more times for a combined total period not to exceed the complete length of the original term.

  • No Extensions The period of time within which the Extension Right may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise the Extension Right.

  • EXPIRATION DATE AND EXTENSION This Contract expires December 5, 2024, unless it is terminated sooner pursuant to Article XX of the General Terms and Conditions, which are incorporated into this Contract by reference. This Contract allows up to five additional one-year extensions upon the request of Sourcewell and written agreement with Contractor. Sourcewell retains the right to consider additional extensions beyond six years as required under exceptional circumstances.

  • Term Extension It is understood and agreed that the State may extend the Term an additional period of time, not to exceed one hundred-eighty (180) days beyond the expiration date of this Grant Contract, under the same terms and conditions. In no event, however, shall the maximum Term, including all extensions or renewals, exceed a total of sixty (60) months.

  • Extension of the Expiry Date; Non-Extension Advance No earlier than the 60th day and no later than the 40th day prior to the then effective Expiry Date (unless such Expiry Date is on or after the date that is 15 days after the Final Legal Distribution Date for the Class B Certificates), the Borrower shall request that the Liquidity Provider extend the Expiry Date to the earlier of (i) the date that is 15 days after the Final Legal Distribution Date for the Class B Certificates and (ii) the date that is the day immediately preceding the 364th day occurring after the last day of the Consent Period (as hereinafter defined). Whether or not the Borrower has made such request, the Liquidity Provider shall advise the Borrower no earlier than the 40th day (or, if earlier, the date of the Liquidity Provider’s receipt of such request, if any, from the Borrower) and no later than the 25th day prior to the then effective Expiry Date (such period, the “Consent Period”), whether, in its sole discretion, it agrees to so extend the Expiry Date. If the Liquidity Provider advises the Borrower on or before the date on which the Consent Period ends that such Expiry Date shall not be so extended, or fails to irrevocably and unconditionally advise the Borrower on or before the date on which the Consent Period ends that such Expiry Date shall be so extended (and, in each case, if the Liquidity Provider shall not have been replaced in accordance with Section 3.05(e) of the Intercreditor Agreement), the Borrower shall be entitled on and after the date on which the Consent Period ends (but prior to the then effective Expiry Date) to request a Non-Extension Advance in accordance with Section 2.02(b)(i) and Section 3.05(d) of the Intercreditor Agreement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!