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.
Extension of Term means any one year extension of the term hereof from the Termination Date or any Extended Termination Date.
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.

Examples of Extension of Term in a sentence

  • 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.

  • 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.

  • Extension of Term of President's Advisory Council on Doing Business in Africa Term of President's Advisory Council on Doing Business in Africa extended until Sept.

  • Extension of Term Loans; Extension of Revolving Credit Loans 103 Section 2.17.

  • 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.

  • Not to exceed seven (7) years, subject to the Extension of Term as setforth on Page 5.

  • Extension of Term Loans; Extension of Revolving Credit Loans 107 Section 2.17.

  • Prospecting Licences P52/1442-50 recently received an Extension of Term for an additional 4 years.

  • Not in excess of ten (10) years, subject to Extension of Term as set forthon Page 5.

  • If EAL requests an extension of Rider FRP, EAL shall make such request in accordance with the Extension of Term provisions of the Formula Rate Protocols.


More Definitions of Extension of Term

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.
Extension of Term. The term set forth in Section 1.1 may be extended by written amendment to this Agreement signed by both parties.
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."
Extension of Term. As agreed in Addendum Two - dated 19 February 1999
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.
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.

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 Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Renewal Term has the meaning set out in Section 9.1.

  • 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 Commitments and the Initial Term Loans made hereunder.

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • 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 means that term commencing on the last day of the Basic Term and terminating one (1) year thereafter.

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

  • Initial Term Lender means any Lender with an Initial Term Loan 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 with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • 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.