Common use of Changing the Term Clause in Contracts

Changing the Term. Citi may, in its sole discretion, elect to extend this Agreement until December 30July 31, 20252026; provided that such election shall not be effective unless, no later than six (6) months prior to the Expiration Date, Citi gives DKTS written notice of such election in accordance with Article 28; and provided further that if as of either (i) the date on which Citi elects to extend this Agreement or (ii) the date on which this Agreement is to be extended pursuant to such election, the long-term, senior, unsecured debt of the Citi Guarantor is rated below BBB- by S&P or Baa3 by Moody’s, then DKTS must agree in writing to extend this Agreement.

Changing the Term. Citi may, in its sole discretion, discretion elect to extend this Agreement until December 30July 3130, 202520262025; provided that such election shall not be effective unless, no later than six (6) months prior to the Expiration Date, Citi gives DKTS written notice of such election in accordance with Article 28; and provided further that if as of either (i) the date on which Citi elects to extend this Agreement or (ii) the date on which this Agreement is to be extended pursuant to such election, the long-term, senior, unsecured debt of the Citi Guarantor is rated below BBB- by S&P or Baa3 by Moody’s, then DKTS must agree in writing to extend this Agreement.

Changing the Term. Citi may, in its sole discretion, elect to extend this Agreement until December 30July July 31, 2025202620262027; provided that such election shall not be effective unless, no later than six (6) months prior to the Expiration Date, Citi gives DKTS written notice of such election in accordance with Article 28; and provided further that if as of either (i) the date on which Citi elects to extend this Agreement or (ii) the date on which this Agreement is to be extended pursuant to such election, the long-term, senior, unsecured debt of the Citi Guarantor is rated below BBB- by S&P or Baa3 by Moody’s, then DKTS must agree in writing to extend this Agreement.