RENEWAL OR EXTENSION. This Agreement may be renewed or extended for successive terms of one year each upon written agreement of the parties.
RENEWAL OR EXTENSION. This Agreement may be renewed or extended upon written agreement of the parties, properly authorized, executed and delivered by both parties.
RENEWAL OR EXTENSION. Where you have a right to renew or extend the lease, you must exercise the right and do everything needed to obtain the new lease or extension, and you must satisfy us before the right expires that you will do so. If you receive a new lease of the property or part of it (under a right or not), you must give us security over the new lease. If you extend the lease and we have a sublease under section 9.2.1.2, our sublease is extended for the rest of the extended term of the lease, except the last day of that term.
RENEWAL OR EXTENSION. To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by such Issuing Bank) to any Issuing Bank and the Administrative Agent (reasonably in advance of, which shall not be required to exceed five Business Days in advance of, the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (d) of this Section 2.05), the amount and Currency of such Letter of Credit, whether such Letter of Credit is to be issued under the Dollar Commitments or the Multicurrency Commitments, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the applicable Issuing Bank, the Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Borrower to, or entered into by the Borrower with, any Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. At the Borrower’s option, the Borrower may deliver an updated Borrowing Base Certificate in connection with any issuance of a Letter of Credit for the purposes of determining the then-current Covered Debt Amount
RENEWAL OR EXTENSION. There shall be no renewals or extensions of this Sublease unless, prior to the expiration of the Term hereof, the Board of Directors of the Cooperative approves such a renewal or extension for a specified term in accordance with the Bylaws and House Rules.
RENEWAL OR EXTENSION. County shall not unreasonably withhold its consent or certification for any renewal or extension of the Operating Permit, provided PCDC has complied with the terms of this Agreement at the time of the provision of such consent or certification from the County. During the term hereof, County will encourage its residents and businesses located in Xxxxxx County to use the Materials Repository for the disposal of their Solid Waste. Furthermore, County agrees that if a request is made by PCDC for a vertical or horizontal expansion of the Materials Repository, County shall not unreasonably withhold its consent or certification while this Agreement remains in effect. The Parties agree that if PCDC plans to request a vertical or horizontal expansion of the Materials Repository with MDNR, this Agreement may be amended to include the vertical or horizontal expansion and any other changes necessary at that time.
RENEWAL OR EXTENSION. (a) Sublessee shall have the option to renew and extend the term of the Sublease for two (2) periods of five (5) years each. The first renewal shall begin upon the expiration of the initial term and the second renewal term shall begin upon the expiration of the first renewal term. Sublessee, at least one hundred eighty (180) days prior to the expiration of the initial term and the first renewal term, respectively, shall give Sublessor written notice of its intention to exercise such option.
(b) Upon receipt of Sublessee's notice of its exercise of option to extend the term of the Sublease, Sublessor shall, within twenty (20) days of receipt of Sublessee's notice, give Sublessee written notice of the rental rate for such renewal term. The renewal rate for such renewed and extended terms shall not exceed ninety five (95%) percent of the then prevailing rental rate for comparable office space in the suburban Pittsburgh, Pennsylvania area but in no event will the rent during such option period be greater than 110% of the sum of the base rent plus Sublessee's pro rata share of increases in real estate taxes and operating expenses set for in Sections 6 and 7 in effect at the time the option to renew is exercised by Sublessee. Notwithstanding the foregoing, in no event shall the renewal rate during either renewal term be less than the base rent being paid by Sublessee to Sublessor during the last month of the preceding lease term. Sublessee shall have twenty (20) days from the receipt of Sublessor's notice setting forth the renewal rental rate for the renewal term to give Sublessor written notice that Sublessee will either (1) confirm its exercise of the option to renew the Sublease for the renewal term at the rental rate set forth in Sublessor's notice or (2) rescind the exercise of option to renew the Sublease term.
RENEWAL OR EXTENSION. This Guaranty shall continue to be effective notwithstanding any renewal or extension of time of payment hereunder.
RENEWAL OR EXTENSION. Either party may request a renewal of the Term by providing written notice of interest to renew not later than January 1, 2028. In the event the other party does not provide written notice of accepting such renewal, this Agreement shall automatically terminate as of June 30, 2028.
RENEWAL OR EXTENSION. If the Assignee shall secure a renewal or extension of any lease covering all or any part of the Interests, then the overriding royalties and all other rights, titles and interests of ExxonMobil in the Interests shall apply to such renewed or extended lease. A “renewal” or “extension” of lease as these terms are used in this paragraph shall mean any lease or leases covering all or a part of the Interests executed within one (1) year from the termination of the leases described on Exhibit A; and
