Renewals; Extensions Clause Samples

The 'Renewals; Extensions' clause defines the terms under which an agreement may be continued beyond its original expiration date. Typically, it outlines whether the contract will automatically renew for additional periods or if renewal requires mutual agreement, and may specify notice requirements or conditions for extension. This clause ensures both parties understand how and when the contract can be prolonged, thereby preventing misunderstandings and providing a clear process for ongoing business relationships.
Renewals; Extensions. All provisions of this Agreement relating to the Note shall apply with equal force and effect to each promissory note hereafter executed which in whole or in part represents a renewal or extension of any part of the Indebtedness of the Borrower under this Agreement, the Note, or any other Loan Document.
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Renewals; Extensions. The provisions of this Agreement shall apply to any renewal or extension of the Loan, except as modified or amended in writing by the parties hereto at the time of such renewal or extension.
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Renewals; Extensions. As additional compensation, if Manager negotiates a renewal or extension of a Tenant Lease, Manager shall be entitled to a fee of Three percent (3%) of net rent for years 1 through 5 and one half percent (1.5%) of net rent for the balance of the lease term.
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Renewals; Extensions. In case of a renewal to the existing Tenant a new Tenancy Agreement will be drawn up and which a charge of £150 plus VAT will apply to the Owner/Landlord. We will seek further instructions with regards to any renewal by email, telephone or post. If you are uncontactable and renewal is at the same rental price or higher, we will proceed with the renewal on your behalf. Although our documents are constantly reviewed and updated by our legal advisors, OCB must point out we are not Solicitors and the Owner/Landlord should consult with their own legal adviser if the Owner/Landlord requires further information about their rights and obligations as an Owner/Landlord.
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Renewals; Extensions. In the event that the Additional Collateral Amount continues to act as collateral for the BOTW Loan pursuant to the Loan Documents and is still outstanding (or if at such time the BOTW Loan is in default and the Note has been issued to ▇▇▇▇▇▇▇▇▇), on each anniversary of the Effective Date, Company shall (i) pay to ▇▇▇▇▇▇▇▇▇ an annual cash fee equal to the sum of (a) $660,000.00 (the "Base Amount") plus (b) the product of (I) the Base Amount times (II) the difference of (x) 1.4% and (y) the per annum rate of interest earned by ▇▇▇▇▇▇▇▇▇ on the Additional Collateral Amount while such is maintained in the ▇▇▇▇▇▇▇▇▇ Deposit Account plus (c) a $50,000 renewal fee (the amounts in (a)-(c) collectively, the "Renewal Fee") and (ii) issue to ▇▇▇▇▇▇▇▇▇, an additional warrant to purchase up to 300,000 of the Company's Series 1 Common Shares in a form substantively similar to the Warrant. In the event this Agreement is terminated prior to each such anniversary date, then the Company shall pay to ▇▇▇▇▇▇▇▇▇ a pro-rated amount of the Renewal Fee for such year.
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Renewals; Extensions. In 1998 and in each year thereafter, ▇▇▇▇▇▇ and TDI may request in writing an extension of the Termination Date for an additional one-year period. Such written request must be accompanied by the ▇▇▇▇▇▇ Group's preceding fiscal year's audited financial statements and any other financial information reasonably requested by Bank. Any such extension shall be in each instance, made in the Bank's sole discretion. Upon such extension, the Termination Date shall be changed to reflect the extension.
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Renewals; Extensions. If the Lease provides an option(s) for the Tenant to renew or extend the Lease upon the expiration of its initial term or extended term, Landlord shall pay a market Commission to ▇▇▇▇▇▇▇ REALTY GROUP, at the time such renewal or extension is exercised and an amendment/lease is fully executed.
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Renewals; Extensions. If a renewal is set forth in any Schedule, Lessee may, at its option, extend the Rental Term for the renewal period specified by giving Lessor written notice not less than 90 days before the expiration of the Rental Term or the then current renewal thereof, provided no Event of Default then exists. Any such renewal shall continue on the same terms and conditions set forth herein and such renewal term shall be treated as a Rental Term; except that the Rental Payments shall be in the amount of the renewal Rental Payments set forth in the applicable Schedule. If the Schedule provides for FMV renewal Rental Payments, they shall be determined as set forth in Section 19, substituting renewal Rental Payments for purchase price. If Lessee fails to exercise any renewal or purchase option pursuant to Sections 19 and 20, and either (i) fails to notify Lessor of its intention to return the Equipment pursuant to Section 25 or (ii) fails to return the Equipment after such notification to Lessor, then the lease of such Equipment shall automatically be extended on a month-to-month basis until terminated (upon notice by either party, given at least 90 days prior to the end of the month in which the termination is to be effective) at rent equal to the Rental Payment applicable during the Rental Term, and all other obligations of Lessee under this Lease shall continue during such month-to-month rental.
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Related to Renewals; Extensions

  • 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.

  • Time Extensions 2.03.1 If Contractor requests an extension of time to complete its performance, then the Director, in consultation with the CPO, may, in his or her sole discretion, extend the time so long as the extension does not exceed 90 days. The extension must be in writing but does not require amendment of this Agreement. Contractor is not entitled to damages for delay(s) regardless of the cause of the delay(s).

  • Extensions If a Registry Operator offers additional Registry Services that require submission of additional data, not included above, additional “extension schemas” shall be defined in a case by case basis to represent that data. These “extension schemas” will be specified as described in Part A, Section 9, reference 2 of this Specification. Data related to the “extensions schemas” will be included in the deposit file described in Part A, Section 3.1 of this Specification. ICANN and the respective Registry Operator shall work together to agree on such new objects’ data escrow specifications.

  • Renewals You will be provided with renewal terms in good time before expiry of the policy, or notified that renewal is not being invited. Unless you advise otherwise renewals are invited on the basis that there have been no changes in the risk or cover required, other than those specifically notified to us or your insurers (see section on ‘‘Duty of Fair Presentation’‘). It is very important that you check the information provided at renewal to confirm it remains accurate and complete. If any of the information is incorrect or if your circumstances have changed you should contact us immediately so we can update your details. Failure to notify us or your insurer of any incorrect information or change in circumstances may lead to your policy being cancelled or your claim rejected or not fully paid.

  • 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.