Common use of ADDITIONAL EXTENSIONS Clause in Contracts

ADDITIONAL EXTENSIONS. If at the end of the fifth (5th) five (5) year extension term this Agreement has not been terminated by either Party by giving to the other written notice of an intention to terminate it at least six (6) months prior to the end of such term, this Agreement shall continue in force upon the same covenants, terms, and conditions for a further term of five (5) years and for five (5) year terms thereafter until terminated by either Party by giving to the other written notice of its intention to so terminate at least three (3) months prior to the end of such term. Annual rental for each such additional five (5) year term shall be equal to the annual rental payable with respect to the final year of the immediately preceding five (5) year term. The initial term and all extensions shall be collectively referred to herein as the “Term”.

ADDITIONAL EXTENSIONS. If at the end of the fifth third (5th3rd) five (5) year extension term this Agreement has not been terminated by either Party by giving to the other written notice of an intention to terminate it at least six three (63) months prior to the end of such term, this Agreement shall continue in force upon the same covenants, terms, terms and conditions for a further term of five one (51) years year and for five one (51) year terms thereafter until terminated by either Party by giving to the other written notice of its intention to so terminate at least three (3) months prior to the end of such term. Annual rental for each such additional five one (51) year term shall be equal to the annual rental payable with respect to the final year of the immediately preceding five (5) year term. The initial term and all extensions shall be collectively referred to herein as the “"Term”".

ADDITIONAL EXTENSIONS. If at the end of the fifth fourth (5th4th) five (5) year extension term this Agreement has not been terminated by either Party by giving to the other written notice of an intention to terminate it at least six three (63) months prior to the end of such term, this Agreement shall continue in force upon the same covenants, terms, terms and conditions for a further term of five (5) years and for five (5) year terms thereafter until terminated by either Party by giving to the other written notice of its intention to so terminate at least three (3) months prior to the end of such term. Annual rental for each such additional five (5) year term shall be equal to the annual rental payable with respect to the final year of the immediately preceding five (5) year term. The initial term and all extensions shall be collectively referred to herein as the “"Term”".