Optional Extensions Sample Clauses
The Optional Extensions clause allows parties to extend the duration or scope of an agreement beyond its original terms if certain conditions are met. Typically, this clause outlines the process for requesting and approving an extension, such as providing written notice within a specified timeframe or agreeing on additional terms. Its core practical function is to provide flexibility, enabling the parties to continue their relationship or project without renegotiating a new contract, thereby ensuring continuity and accommodating unforeseen needs.
Optional Extensions. Section 2.08(d)(ii) of the Existing Credit Agreement is amended by replacing “anniversary of the date hereof” where it appears therein with “anniversary of the Amendment No. 1 Closing Date”.
Optional Extensions. Section 2.08(d)(ii) of the Existing Credit Agreement is amended by replacing it in its entirety with the following:
Optional Extensions. If Purchaser is not able by the end of the Initial Term to complete the Migration and Conversion of one or more Pre-Conversion Services that it receives, or otherwise upon Purchaser’s election, then, upon written notice provided to the Service Provider at least ninety (90) days prior to the end of the Initial Term, Purchaser shall have the right to request and cause the Service Provider to provide such Service(s) for one or more periods not to exceed a total of ninety (90) days, and the term of this Agreement to be extended accordingly (the “Optional Extension Period” and together with the Initial Term, any applicable Additional BD Extensions, and any Required Extensions, the “Term”); provided, that the Receiving Party shall pay Service Fees for all such Services during such Optional Extension Period at a cost equal to the applicable Service Fees [ ]; provided, that the foregoing Service Fee increase shall not apply if a Service Provider’s or any of its Affiliates’ non-compliance with the terms of this Agreement caused, in whole or in part, Purchaser’s extension of the term of the Pre-Conversion Services. If Purchaser is not able by the end of any such Optional Extension Period to complete the Migration and Conversion of one or more Pre-Conversion Services, the Parties shall negotiate in good faith any additional extension periods, including any applicable fee escalation.
Optional Extensions. Where a limit is specified in the extension, this is in addition to the maximum liability under ‘Section 1: Basis of settlement’. Otherwise, any payment under an extension is subject to the maximum amount payable under ‘Section 1: Basis of settlement’. These extensions are optional and only apply where specified in the schedule.
Optional Extensions. 17.1 The term of this Agreement may be extended by SFW, at its sole and exclusive option, upon the same terms and conditions as set forth herein, by giving written notice of extension (the "Extension Notice") to Super Rite not less than 90 days prior to any Termination Date in the manner provided in paragraph 20 hereof. For purposes of this paragraph 17, the term "Termination Date" shall refer to the original Termination Date and to all extensions thereof in accordance with this paragraph 17.
Optional Extensions