Common use of Notice of change of duration Clause in Contracts

Notice of change of duration. A notice under this clause must: (a) in the case of an extension under either clause 3.2(a) or 3.2(b), be given at least 3 months before the date, which but for that extension, would have been the expiry date of this agreement; (b) in the case of a reduction under clause 3.2(c), be given at least 3 months before the date which, as a result of the reduction, would be the new expiry date of this agreement; (c) specify which sub-clause of clause 3.2 is invoked; (d) specify the period by which the term is to be extended or reduced; and (e) specify the new expiry date of the term.