Examples of Extended Contract Period in a sentence
In the event that the Parties fail to reach an agreement, the FA shall automatically expire at the end of the Contract Period or the Extended Contract Period, as the case may be.
Air Selangor and AFSB (“Parties”) may renew the FA for such further term to be mutually agreed by giving not less than one month’s notice in writing prior to the expiry of the Contract Period or the Extended Contract Period and thereafter, the Parties may as soon as reasonably practicable negotiate and mutually agree on the terms and conditions of such renewal in writing.
Air Selangor and AFSB (“Parties”) may renew the FA for such further term to be mutually agreed by giving not less than one month notice in writing prior to the expiry of the Contract Period or the Extended Contract Period and thereafter, the Parties may as soon as reasonably practicable negotiate and mutually agree on the terms and conditions of such renewal in writing.
Air Selangor has the option to extend the Contract Period for a further term of 12 months by giving AFSB not less than one month notice in writing prior to the Expiry Date (“Extended Contract Period”) and thereafter, the FA shall be extended accordingly subject to the same terms, conditions and covenants contained in the FA save for the Extended Contract Period.
Extension Option: The parties may by mutual agreement in writing, at least 30 days prior to the end of the current Contract Period, extend the Contract Period for a further term (Extended Contract Period).
During the Extended Contract Period, the provisions of this Agreement (including, inter alia, the provisions of Article 9) shall continue to apply, except that any Carry Forward Aggregate which has accrued under this Agreement prior to the commencement of the Extended Contract Period shall be cancelled and shall not serve to reduce the Annual Take or Pay Quantity attributable to the Extended Contract Period.
Thereafter, the FA shall be extended according to the same terms, conditions and covenants contained in the FA save for the Extended Contract Period.