{"component": "clause", "props": {"groups": [{"samples": [{"hash": "8alP2DdaKaq", "uri": "/contracts/8alP2DdaKaq#extended-termination-date", "label": "Merger Agreement (Niagara Mohawk Power Corp /Ny/)", "score": 18.0, "published": true}], "snippet_links": [], "size": 3, "snippet": "57 FCC ..........................................................................13 FERC .........................................................................13", "hash": "3f1945b7f9b5ceaadb788dff489ef144", "id": 2}, {"samples": [{"hash": "3bJ31I96KVU", "uri": "/contracts/3bJ31I96KVU#extended-termination-date", "label": "Swap Transaction Confirmation (Apria Healthcare Group Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "scheduled-termination-date", "type": "clause", "offset": [11, 37]}, {"key": "an-extended", "type": "clause", "offset": [42, 53]}, {"key": "in-the-event", "type": "clause", "offset": [72, 84]}, {"key": "the-termination", "type": "clause", "offset": [90, 105]}, {"key": "sum-of", "type": "clause", "offset": [135, 141]}, {"key": "share-amounts", "type": "clause", "offset": [156, 169]}, {"key": "number-of-shares", "type": "clause", "offset": [187, 203]}, {"key": "one-month", "type": "definition", "offset": [269, 278]}, {"key": "the-common-stock", "type": "clause", "offset": [347, 363]}, {"key": "par-value", "type": "clause", "offset": [365, 374]}, {"key": "healthcare-group", "type": "definition", "offset": [405, 421]}, {"key": "delaware-corporation", "type": "clause", "offset": [430, 450]}, {"key": "the-new-york-stock-exchange", "type": "clause", "offset": [546, 573]}, {"key": "all-exchanges", "type": "definition", "offset": [595, 608]}, {"key": "amounts-payable", "type": "definition", "offset": [618, 633]}, {"key": "floating-amount-payer", "type": "definition", "offset": [643, 664]}, {"key": "equal-to", "type": "definition", "offset": [719, 727]}, {"key": "valuation-dates", "type": "clause", "offset": [783, 798]}, {"key": "strike-price", "type": "definition", "offset": [800, 812]}, {"key": "initial-valuation-date", "type": "definition", "offset": [843, 865]}, {"key": "the-product", "type": "clause", "offset": [882, 893]}, {"key": "in-effect", "type": "definition", "offset": [923, 932]}, {"key": "libor-rate", "type": "clause", "offset": [1026, 1036]}, {"key": "actual-number", "type": "definition", "offset": [1101, 1114]}, {"key": "calendar-days", "type": "definition", "offset": [1118, 1131]}, {"key": "the-current", "type": "clause", "offset": [1176, 1187]}, {"key": "divided-by", "type": "clause", "offset": [1201, 1211]}], "size": 1, "snippet": "If, on the Scheduled Termination Date (or an Extended Termination Date, in the event that the Termination Date has been extended), the sum of the Reference Share Amounts is less than the Number of Shares, then the Termination Date shall be extended to the date that is one month later than the Termination Date that would otherwise apply. 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Strike Price: USD 28.89 per Share, for the initial Valuation Date and thereafter, the product of (a) the Strike Price then in effect for the immediately preceding calendar day multiplied by (b) the sum of (x) one plus (y) the LIBOR Rate on the immediately preceding calendar day and multiplied by the actual number of calendar days elapsed from such preceding calendar day to the current calendar day divided by 360.", "hash": "8b4416607506b5c44b2e15fe8ab94767", "id": 9}, {"samples": [{"hash": "kegkUANlxVX", "uri": "/contracts/kegkUANlxVX#extended-termination-date", "label": "Reinsurance Agreement (Slide Insurance Holdings, Inc.)", "score": 35.674880219, "published": true}, {"hash": "eztKlA6H378", "uri": "/contracts/eztKlA6H378#extended-termination-date", "label": "Reinsurance Agreement (Slide Insurance Holdings, Inc.)", "score": 35.674880219, "published": true}, {"hash": "1AcNcTOWFKU", "uri": "/contracts/1AcNcTOWFKU#extended-termination-date", "label": "Reinsurance Agreement (Slide Insurance Holdings, Inc.)", "score": 35.674880219, "published": true}], "snippet_links": [{"key": "commutation-date", "type": "definition", "offset": [15, 31]}, {"key": "the-reinsurer", "type": "clause", "offset": [33, 46]}, {"key": "ceding-insurer", "type": "definition", "offset": [55, 69]}, {"key": "remaining-claims", "type": "definition", "offset": [86, 102]}, {"key": "reinsurance-agreement", "type": "definition", "offset": [130, 151]}, {"key": "with-respect-to", "type": "clause", "offset": [152, 167]}, {"key": "the-relevant", "type": "clause", "offset": [168, 180]}, {"key": "covered-event", "type": "definition", "offset": [181, 194]}, {"key": "payments-due", "type": "clause", "offset": [256, 268]}, {"key": "payment-of", "type": "definition", "offset": [424, 434]}, {"key": "loss-reserves", "type": "clause", "offset": [439, 452]}, {"key": "subject-to", "type": "definition", "offset": [454, 464]}, {"key": "claims-procedures", "type": "definition", "offset": [473, 490]}, {"key": "performed-by", "type": "clause", "offset": [497, 509]}, {"key": "claims-reviewer", "type": "definition", "offset": [514, 529]}, {"key": "paid-losses", "type": "definition", "offset": [546, 557]}, {"key": "equal-to", "type": "definition", "offset": [784, 792]}, {"key": "lesser-of", "type": "definition", "offset": [797, 806]}, {"key": "amount-of-loss", "type": "clause", "offset": [815, 829]}, {"key": "proof-of-loss-claim", "type": "definition", "offset": [876, 895]}, {"key": "best-estimate", "type": "definition", "offset": [1002, 1015]}], "size": 3, "snippet": "On the Partial Commutation Date, the Reinsurer and the Ceding Insurer will settle all remaining claims and obligations under this Reinsurance Agreement with respect to the relevant Covered Event by the Reinsurer paying and the Ceding Insurer accepting all payments due to the Ceding Insurer under this Reinsurance Agreement (less any amounts previously paid under this Reinsurance Agreement), which settlement shall include payment of any Loss Reserves, subject to (a) the Claims Procedures being performed by the Claims Reviewer with respect to Paid Losses and (b) the amount of any Loss Reserves included in such settlement being assessed for reasonableness by the Loss Reserve Specialist and, if deemed to be unreasonable by the Loss Reserve Specialist, the Loss Reserves shall be equal to the lesser of (i) the amount of Loss Reserves claimed by the Ceding Insurer in the Proof of Loss Claim delivered with respect to the Partial Commutation Date and (ii) the amount that represents the reasonable best estimate of Loss Reserves by the Loss Reserve Specialist. The Outstanding Limit shall be reduced by the amount of such Partial Commutation as of the Partial Commutation Date.", "hash": "04e679be265d824f846563100299cdb1", "id": 1}, {"samples": [{"hash": "ku1ScNXhPoq", "uri": "/contracts/ku1ScNXhPoq#extended-termination-date", "label": "Facility Agreement (Wallbox N.V.)", "score": 34.2429842574, "published": true}, {"hash": "eOP3d0zWArh", "uri": "/contracts/eOP3d0zWArh#extended-termination-date", "label": "Facility Agreement (Wallbox N.V.)", "score": 34.1225188227, "published": true}], "snippet_links": [{"key": "in-writing", "type": "clause", "offset": [52, 62]}, {"key": "extension-request", "type": "clause", "offset": [69, 86]}, {"key": "extension-of-the", "type": "clause", "offset": [93, 109]}, {"key": "initial-termination-date", "type": "clause", "offset": [110, 134]}, {"key": "at-any-time", "type": "clause", "offset": [251, 262]}, {"key": "during-the-period", "type": "clause", "offset": [263, 280]}, {"key": "december-2023", "type": 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"offset": [1720, 1731]}], "size": 2, "snippet": "(a) The Borrower may request by notifying the Agent in writing (the \u201cExtension Request\u201d) the extension of the Initial Termination Date until the Extended Termination Date.\n(b) The Extension Request:\n(i) shall be irrevocable;\n(ii) may only be provided at any time during the period starting from 9 December 2023 to 9 January 2024 (both included);\n(iii) may only be delivered provided that no Event of Default is continuing; and no Event of Default may reasonably be expected to result from such extension; and\n(iv) shall confirm the Borrower\u2019s irrevocable decision to extend the Initial Termination Date until the Extended Termination Date and the undertaking to pay the Extension Fee (as defined in Clause 26.2) in the terms indicated by the Lenders according to paragraph (d) below.\n(c) The Borrower may only provide one Extension Request.\n(d) The Agent shall: (i) promptly provide the Lenders with a copy of the Extension Request upon its receipt and (ii) give a response to the Borrower to the Extension Request within a term of fifteen (15) Business Days as from receipt of such Extension Request (and in any case no later than 9 February 2024) confirming the amount of the applicable Extension Fee and the date on which such payment shall be made in order for the extension to be effective (the \u201cExtension Response\u201d).\n(e) If the Initial Termination Date is not extended until the Extended Tennination Date in accordance with this Clause, the Parties agree that the ordinary repayment of the Facility Amount shall take place as per Clause 12.1.1, any outstanding amounts under this Agreement will become due and payable (liquido, vencido y exigible) on the Initial Termination Date and the Borrower shall repay such due amounts in full on the Initial Termination Date.", "hash": "adbef61665f202c042277ea4c347645f", "id": 3}, {"samples": [{"hash": "lED7IsQ8B2E", "uri": "/contracts/lED7IsQ8B2E#extended-termination-date", "label": "Merger Agreement (AVX Corp)", "score": 29.1040383299, "published": true}], "snippet_links": [], "size": 2, "snippet": "\u201cExtended Termination Date\u201d shall have the meaning set forth in Section 9.1(b)(i) hereof.", "hash": "4e2601baecf2183ab07e55bf489e9e39", "id": 4}, {"samples": [{"hash": "adhZwr5KV0e", "uri": "/contracts/adhZwr5KV0e#extended-termination-date", "label": "Merger Agreement (Pfizer Inc)", "score": 18.0, "published": true}], "snippet_links": [], "size": 2, "snippet": "53 FCPA..................................................................... 17", "hash": "c85d1389d5043c5b154c68395c2a3ceb", "id": 5}, {"samples": [{"hash": "8f9ZA8D8dFa", "uri": "/contracts/8f9ZA8D8dFa#extended-termination-date", "label": "Merger Agreement (Facebook Inc)", "score": 25.3121149897, "published": true}], "snippet_links": [{"key": "fairness-hearing", "type": "definition", "offset": [7, 23]}], "size": 1, "snippet": "7.1(b) Fairness Hearing 5.1(e)", "hash": "dec057744e7c4d965a03c6513fc73219", "id": 6}, {"samples": [{"hash": "9PmDj23JNjs", "uri": "/contracts/9PmDj23JNjs#extended-termination-date", "label": "Merger Agreement (GSL Corp)", "score": 18.0, "published": true}], "snippet_links": [], "size": 1, "snippet": "10, 111 Financing ...................................................................... 10, 65", "hash": "ab783ffb2f1f5fe87e3a568f5c78d169", "id": 7}, {"samples": [{"hash": "jpR5xLpdckT", "uri": "/contracts/jpR5xLpdckT#extended-termination-date", "label": "Asset Purchase Agreement (Tesoro Corp /New/)", "score": 21.0, "published": true}], "snippet_links": [{"key": "conditions-to-closing", "type": "clause", "offset": [7, 28]}, {"key": "article-xii", "type": "definition", "offset": [57, 68]}, {"key": "the-conditions", "type": "clause", "offset": [94, 108]}, {"key": "the-termination", "type": "clause", "offset": [153, 168]}, {"key": "the-parties-mutually-agree", "type": "clause", "offset": [208, 234]}, {"key": "in-the-event-the", "type": "clause", "offset": [240, 256]}, {"key": "after-july-1", "type": "clause", "offset": [352, 364]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [388, 412]}, {"key": "written-notice", "type": "definition", "offset": [423, 437]}, {"key": "the-closing-conditions", "type": "clause", "offset": [451, 473]}, {"key": "in-this-agreement", "type": "clause", "offset": [484, 501]}], "size": 1, "snippet": "If all conditions to Closing set forth in ARTICLE XI and ARTICLE XII are satisfied other than the conditions set forth in Sections 11.05 and 12.05, then the Termination Date shall be extended to such date as the Parties mutually agree, but in the event the Parties do not mutually agree, then the Termination Date shall be extended to July 1, 2007 and after July 1, 2007 either Party may terminate this Agreement by giving written notice in the event the Closing conditions set forth in this Agreement, including under Sections 11.05 and 12.05 have not been satisfied by such extended Termination Date.", "hash": "45e1c36396d166151c78e81a63e9dfa8", "id": 8}, {"samples": [{"hash": "238YX50mwJu", "uri": "/contracts/238YX50mwJu#extended-termination-date", "label": "Business Combination Agreement (Global System Dynamics, Inc.)", "score": 32.6016427105, "published": true}], "snippet_links": [{"key": "section-83", "type": "clause", "offset": [12, 23]}, {"key": "the-definition-of", "type": "definition", "offset": [36, 53]}, {"key": "termination-date", "type": "definition", "offset": [55, 71]}], "size": 1, "snippet": "Pursuant to Section 8.3 of the BCA, the definition of \u201cTermination Date\u201d in the BCA shall be February 9, 2024.", "hash": "9c6c449e08c3dd74cf2c2ab438e8ad56", "id": 10}], "next_curs": "CmISXGoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj4LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiJleHRlbmRlZC10ZXJtaW5hdGlvbi1kYXRlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["notification-of-the-applicable-interest-rate", "Notification of the applicable Interest Rate"], ["default-interest-rate", "Default Interest Rate"]], "size": 19, "title": "Extended Termination Date", "children": [], "id": "extended-termination-date", "related": [["commitment-termination-date", "Commitment Termination Date", "Commitment Termination Date"], ["extension-of-termination-date", "Extension of Termination Date", "Extension of Termination Date"], ["extension-of-facility-termination-date", "Extension of Facility Termination Date", "Extension of Facility Termination Date"], ["term-termination", "Term Termination", "Term Termination"], ["additional-termination-event", "Additional Termination Event", "Additional Termination Event"]], "related_snippets": [], "updated": "2025-07-07T12:37:54+00:00", "also_ask": ["What strategic leverage does an extended termination date provide in negotiations?", "Which essential elements must be included to protect both parties\u2019 interests?", "What are the most common risks or loopholes associated with extended termination dates?", "How do extended termination date provisions compare across different jurisdictions or contract types?", "What factors do courts consider when determining the enforceability of an extended termination date clause?"], "drafting_tip": "Specify the conditions triggering an extended termination date to prevent disputes; define the maximum extension period to ensure certainty; require written notice for extensions to maintain clear records.", "explanation": "The Extended Termination Date clause defines a new, later date by which a contract or agreement may be terminated if certain conditions are met or if the original termination date is postponed. In practice, this clause is often triggered when parties need additional time to fulfill obligations, secure approvals, or resolve outstanding issues, and it specifies the circumstances and procedures for extending the original end date. Its core function is to provide flexibility and prevent automatic contract expiration, ensuring that both parties have sufficient time to complete necessary actions without breaching the agreement."}, "json": true, "cursor": ""}}