Extension of Term definition

Extension of Term means any extension of the Term as may be agreed upon by the Parties in writing and commencing immediately upon the expiry of the Term.
Sample 1Sample 2
Extension of Term means any one year extension of the term hereof from the Termination Date or any Extended Termination Date, as provided in Section 2.05(c).
Sample 1
Extension of Term. The Lease shall be extended for a five (5) year term commencing September 1, 2023 (the “Extension Term”), unless the Tenant shall deliver a written notice of non-renewal to Landlord at least six (6) months prior to the expiration of the Lease Term. The rent shall escalate at the rate of three percent (3%) per annum during the first year and each succeeding year of the Extension Term.
Sample 1

Examples of Extension of Term in a sentence

  • If at the end of a Term, or an Extension of Term pursuant to Section 10.3.1, Customer does not exercise any of the options described in Sections 10.3.1 and 10.3.2, Provider shall remove all of its tangible property comprising the System from the Site by a mutually convenient date but in no case later than one hundred eighty (180) days after the Expiration Date with respect to the System.

  • If at the end of a Term, or an Extension of Term pursuant to Section 10.3.1, Customer does not exercise any of the options described in Sections 10.3.1 and 10.3.2, Provider shall remove all of its tangible property comprising the PV System from the Site by a mutually convenient date but in no case later than one hundred eighty (180) days after the Expiration Date with respect to the PV System.

  • The language of this Lease (including, but not limited to, the Lease Term and Extension of Term clauses) shall never be read as language of special limitation.

  • Written Notice of Extension of Term shall void any prior termination date contracted by Consultant and Town.

  • Request by the Authority for Extension of Term of Agreement 18 Section 2.11.

  • FORCE MAJEURE 44 22.1 Force Majeure 44 22.2 Burden of Proof 44 22.3 Extension of Work Program; No Extension of Term of Contract 44 22.4 Right of Termination 44 22.5 Emergency or Disaster Situations 44 ARTICLE 23.

  • Term Clause 4 Extension of Term 4.2 A proposed window of between (not more than) 5 and (not less than) 1 year prior to expiry of the Agreement within which to negotiate an extension is considered reasonable.

  • FORCE MAJEURE 48 22.1 Force Majeure 48 22.2 Burden of Proof 48 22.3 Extension of Work Program; Extension of Term of Contract 48 22.4 Right of Termination 49 22.5 Emergency or Disaster Situations 49 ARTICLE 23.

  • Extension of Term The Term of this Agreement may be extended by the Parties in writing prior to its expiration by effluxion of time, on mutually agreed terms and conditions.

  • FORCE MAJEURE 51 22.1 Force Majeure 51 22.2 Burden of Proof 51 22.3 Extension of Work Program; Extension of Term of Contract 51 22.4 Right of Termination 52 22.5 Emergency or Disaster Situations 52 ARTICLE 23.


More Definitions of Extension of Term

Extension of Term. At the end of the initial Term herein, and any extension of the term, this Agreement shall be automatically extended for an additional one year term (the “Extended Term”), unless either party shall have given the other party sixty (60) days prior written notice that it does not wish to extend the Term of this Agreement. Any Extended Term shall be on the same terms and conditions as contained herein except the annual service and maintenance payment fee to be paid by customer. The annual payment for service and maintenance during the Extended Term shall be the rate BLUE VIOLET NETWORKS is then charging and will be based on the Customer’s current configuration. BLUE VIOLET NETWORKS agrees to furnish Customer the required payment charge for the Extended Terms at least thirty (30) days prior to the commencement of the Extended Term.
Sample 1
Extension of Term. The term set forth in Section 1.1 may be extended by written amendment to this Agreement signed by both parties. Any continued employment after the expiration of the Employment Term without such written amendment shall be on an "at will" basis and not be construed to be part of this Agreement.
Sample 1
Extension of Term. CR shall have two 1-year renewal periods (CONTRACT YEAR 4: JANUARY 1, 2013 - DECEMBER 31, 2013 AND CONTRACT YEAR 5: JANUARY 1, 2014 - DECEMBER 31, 2014) provided that: (a) CR notifies VE of its intent to renew within nine (9) months of the expiration of the then-current term; and (b) CR has not been in material default during the then-current term of this Agreement. The Initial Term and any extension term(s) are collectively referred to herein as the "TERM."
Sample 1
Extension of Term. As agreed in Addendum Two - dated 19 February 1999
Sample 1
Extension of Term. The term set forth in Section 1.1 may be extended by written amendment to this Agreement signed by both parties.
Sample 1
Extension of Term. SHOULD MPA INTENDS TO TRANSFER THE RIGHTS AND OBLIGATIONS DERIVING FROM THESE AUTHORIZATIONS, SAID COMPANY MUST REQUEST A PRIOR WRITTEN APPROVAL FROM THE ENVIRONMENTAL AUTHORITIES.
Sample 1

Related to Extension of Term

  • Extension Date has the meaning specified in Section 2.19(b).

  • End of Term Extension means the time period defined in §2.D.

  • Extension Term means the time period defined in §2.C.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Period of Extended Hire means any additional period that the Hirer wishes the Agency Worker to be supplied for beyond the duration of the original Assignment or series of assignments as an alternative to paying a Transfer Fee;

  • Initial Term has the meaning set forth in Section 7.1.

  • Initial Term Loans means the term loans made by the Initial Term Lenders to the Borrower pursuant to Section 2.01(a)(i).

  • Renewal Term has the meaning set forth in Section 2.

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Notice of Termination means a written notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive's employment under the provision so indicated.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Initial Term Facility means the Initial Term Loan Commitment and the Initial Term Loans made hereunder.

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Effective Date of Termination means the date on which a Qualifying Termination occurs, as provided in Section 2.2 herein, which triggers the payment of Severance Benefits hereunder.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Additional Term shall have the meaning set forth in Section 8.2.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Initial Term Lender means a Lender with an Initial Term Commitment or an outstanding Initial Term Loan.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Term Loan Commitment Termination Date means the earliest to occur of (a) the Amendment No. 9 Effective Date, (b) the date the Term Loan Commitments are permanently reduced to zero pursuant to 2.01(b) and (c) the date of the termination of the Term Loan Commitments pursuant to Section 9.01.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.