Common use of Term Extension Clause in Contracts

Term Extension. The Company shall be terminated on December 31, 2021, unless extended by mutual written agreement of all of the Shareholders or earlier terminated in accordance with Section 11 (Dissolution). Any such extension shall be effective only upon the written agreement of all of the Shareholders and shall be on such terms and for such period as set forth in such agreement. The Shareholders agree to meet, no later than December 31, 2020, to discuss the possible extension of the term of the Company.

Term Extension. The Company shall be terminated on December 31, 20212025, unless extended by mutual written agreement of all of the Shareholders Members or earlier terminated in accordance with Section 11 (Dissolution). Any such extension shall be effective only upon the written agreement of all of the Shareholders Members and shall be on such terms and for such period as set forth in such agreement. The Shareholders Members agree to meet, no later than December 31, 20202024, to discuss the possible extension of the term of the Company.

Term Extension. The Company shall be terminated on December 31, 20212019, unless extended by mutual written agreement of all of the Shareholders Unitholders or earlier terminated in accordance with Section 11 (Dissolution). Any such extension shall be effective only upon the written agreement of all of the Shareholders Unitholders and shall be on such terms and for such period as set forth in such agreement. The Shareholders Unitholders agree to meet, no later than December 31, 20202018, to discuss the possible extension of the term of the Company.