{"component": "clause", "props": {"groups": [{"samples": [{"hash": "kHxPKqy4PqJ", "uri": "/contracts/kHxPKqy4PqJ#first-extension", "label": "Loan Application and Commitment Agreement (Healthcare Realty Trust Inc)", "score": 21.1423683167, "published": true}, {"hash": "iRHEY9Pg1fv", "uri": "/contracts/iRHEY9Pg1fv#first-extension", "label": "Loan Application and Commitment Agreement (Healthcare Realty Trust Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [0, 11]}, {"key": "initial-term", "type": "definition", "offset": [51, 63]}, {"key": "no-event-of-default-exists", "type": "clause", "offset": [81, 107]}, {"key": "debt-service-coverage", "type": "definition", "offset": [133, 154]}, {"key": "the-property", "type": "clause", "offset": [158, 170]}, {"key": "value-ratio", "type": "clause", "offset": [208, 219]}, {"key": "extension-fee", "type": "definition", "offset": [271, 284]}, {"key": "principal-amount-of-the-loan", "type": "clause", "offset": [339, 367]}, {"key": "borrower-will", "type": "clause", "offset": [369, 382]}, {"key": "option-to-extend", "type": "definition", "offset": [392, 408]}, {"key": "an-additional", "type": "clause", "offset": [430, 443]}, {"key": "extension-term", "type": "definition", "offset": [453, 467]}, {"key": "subject-to-the", "type": "clause", "offset": [493, 507]}, {"key": "floating-rate-basis", "type": "definition", "offset": [549, 568]}, {"key": "basis-points", "type": "clause", "offset": [584, 596]}, {"key": "month-libor-rate", "type": "definition", "offset": [610, 626]}, {"key": "minimum-coupon", "type": "definition", "offset": [634, 648]}, {"key": "year-schedule", "type": "clause", "offset": [688, 701]}], "size": 5, "snippet": "At any time between the 78th and 83rd month of the Initial Term and provided (i) no event of default exists under the Loan, (ii) the Debt Service Coverage at the Property is at least 1.65x, (iii) the loan to value ratio is not greater than 55%, and (iv) Borrower pays an extension fee in the amount of .50% of the then-current outstanding principal amount of the Loan, Borrower will have the option to extend the Initial Term for an additional 12-month extension term (the \u201cFirst Extension\u201d), subject to the following: the First Extension will on a floating rate basis, priced at 400 basis points over the 1 - month LIBOR rate with a minimum coupon of 7.25% and will be amortized on a 30-year schedule.", "hash": "d1266f87f30ca72ae54c2c6c11f28f03", "id": 1}, {"samples": [{"hash": "6Twah6whZOs", "uri": "/contracts/6Twah6whZOs#first-extension", "label": "Crude Oil Transportation Agreement (Gran Tierra Energy Inc.)", "score": 23.8459949493, "published": true}, {"hash": "1qtreGGmE06", "uri": "/contracts/1qtreGGmE06#first-extension", "label": "Crude Oil Transportation Agreement (Gran Tierra Energy Inc.)", "score": 23.8459949493, "published": true}, {"hash": "15R7zqb4flf", "uri": "/contracts/15R7zqb4flf#first-extension", "label": "Crude Oil Transportation Agreement (Gran Tierra Energy Inc.)", "score": 23.8459949493, "published": true}], "snippet_links": [{"key": "to-extend", "type": "clause", "offset": [18, 27]}, {"key": "the-term", "type": "clause", "offset": [28, 36]}, {"key": "provision-of-the-service", "type": "clause", "offset": [45, 69]}, {"key": "term-of", "type": "clause", "offset": [88, 95]}, {"key": "clause-5", "type": "definition", "offset": [193, 201]}, {"key": "payment-of-the", "type": "clause", "offset": [239, 253]}], "size": 4, "snippet": "The Parties agree to extend the Term for the Provision of the Service for an additional term of three (03) months, namely until the thirtieth (30th) of November of 2014. SECOND: \u2013 Amendment of Clause 5, sections 5.04 - Amount and Terms of Payment of the Service and 5.06 \u2013 Adjustments in the Invoicing of the Service, which shall now read as follows:", "hash": "cb912e4f49af802e1990c3b3ba2648bf", "id": 2}, {"samples": [{"hash": "cl6PpedcOtY", "uri": "/contracts/cl6PpedcOtY#first-extension", "label": "Revolving Credit Agreement (Digital Realty Trust, L.P.)", "score": 21.7227916718, "published": true}, {"hash": "88GpKYevizw", "uri": "/contracts/88GpKYevizw#first-extension", "label": "Revolving Credit Agreement (Digital Realty Trust, L.P.)", "score": 21.6707725525, "published": true}, {"hash": "krmAVWkhidU", "uri": "/contracts/krmAVWkhidU#first-extension", "label": "Revolving Credit Agreement (Digital Realty Trust, Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "prior-to-the-termination-date", "type": "clause", "offset": [43, 72]}, {"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [99, 133]}, {"key": "with-respect-to", "type": "clause", "offset": [148, 163]}, {"key": "the-commitments", "type": "clause", "offset": [164, 179]}, {"key": "extension-of-the-termination-date", "type": "clause", "offset": [216, 249]}, {"key": "agent-shall", "type": "definition", "offset": [270, 281]}, {"key": "promptly-notify", "type": "clause", "offset": [282, 297]}, {"key": "each-lender", "type": "clause", "offset": [298, 309]}, {"key": "in-effect", "type": "definition", "offset": [351, 360]}, {"key": "at-the-termination-date", "type": "clause", "offset": [394, 417]}, {"key": "first-extension-date", "type": "definition", "offset": [424, 444]}, {"key": "an-additional", "type": "clause", "offset": [464, 477]}, {"key": "one-year-period", "type": "definition", "offset": [478, 493]}, {"key": "provided-that", "type": "definition", "offset": [495, 508]}, {"key": "the-account", "type": "clause", "offset": [630, 641]}, {"key": "party-a", "type": "definition", "offset": [657, 664]}, {"key": "signed-by", "type": "definition", "offset": [677, 686]}, {"key": "authorized-officer-of-the-borrower", "type": "definition", "offset": [694, 728]}, {"key": "the-representations-and-warranties", "type": "clause", "offset": [780, 814]}, {"key": "contained-in", "type": "definition", "offset": [815, 827]}, {"key": "true-and-correct", "type": "clause", "offset": [845, 861]}, {"key": "except-to-the-extent", "type": "clause", "offset": [901, 921]}, {"key": "true-and-accurate", "type": "clause", "offset": [1063, 1080]}, {"key": "no-default", "type": "definition", "offset": [1123, 1133]}, {"key": "in-the-event", "type": "clause", "offset": [1202, 1214]}, {"key": "pursuant-to", "type": "definition", "offset": [1245, 1256]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [1283, 1309]}, {"key": "all-advances", "type": "clause", "offset": [1313, 1325]}, {"key": "repaid-in-full", "type": "definition", "offset": [1335, 1349]}, {"key": "the-lenders", "type": "clause", "offset": [1361, 1372]}, {"key": "references-in-this-agreement", "type": "clause", "offset": [1457, 1485]}, {"key": "the-notes", "type": "clause", "offset": [1487, 1496]}, {"key": "other-loan-documents", "type": "clause", "offset": [1520, 1540]}, {"key": "refer-to-the", "type": "definition", "offset": [1573, 1585]}], "size": 3, "snippet": "At least 30 days but not more than 90 days prior to the Termination Date, the Borrower, by written notice to the Administrative Agent, may request, with respect to the Commitments then outstanding, a single one-year extension of the Termination Date. The Administrative Agent shall promptly notify each Lender of such request and the Termination Date in effect at such time shall, effective as at the Termination Date (the \u201cFirst Extension Date\u201d), be extended for an additional one year period, provided that, on the First Extension Date the following statements shall be true and the Administrative Agent shall have received for the account of each Lender Party a certificate signed by a duly authorized officer of the Borrower, dated the First Extension Date, stating that: (x) the representations and warranties contained in Section 4.01 are true and correct on and as of the First Extension Date (except to the extent that such representations and warranties relate solely to an earlier date (in which case such representations and warranties shall have been true and accurate on and as of such earlier date)), and (y) no Default has occurred and is continuing or would result from such extension. In the event that an extension is effected pursuant to this Section 2.16(a), the aggregate principal amount of all Advances shall be repaid in full ratably to the Lenders on the Termination Date as so extended. As of the First Extension Date, any and all references in this Agreement, the Notes, if any, or any of the other Loan Documents to the \u201cTermination Date\u201d shall refer to the Termination Date as so extended.", "hash": "59ebfb69fb6e95a4bcc97eb8f250c1dd", "id": 3}, {"samples": [{"hash": "3XG1u2LBQo4", "uri": "/contracts/3XG1u2LBQo4#first-extension", "label": "Purchase Agreement (Hispanic Television Network Inc)", "score": 21.0, "published": true}, {"hash": "4dbt8k5nz7l", "uri": "/contracts/4dbt8k5nz7l#first-extension", "label": "Purchase Agreement (Hispanic Television Network Inc)", "score": 16.0, "published": true}], "snippet_links": [{"key": "buyer-shall", "type": "clause", "offset": [0, 11]}, {"key": "right-to-extend-the-closing-date", "type": "clause", "offset": [21, 53]}, {"key": "payment-of", "type": "definition", "offset": [85, 95]}, {"key": "cash-to-seller", "type": "clause", "offset": [110, 124]}, {"key": "additional-deposit", "type": "definition", "offset": [131, 149]}, {"key": "total-deposit", "type": "definition", "offset": [162, 175]}], "size": 3, "snippet": "Buyer shall have the right to extend the Closing Date until November 30, 2000 upon a payment of $1,000,000 in cash to Seller as an additional deposit (making the total deposit $3,150,000).\"", "hash": "297480d7faeab4261f3b54918a973334", "id": 4}, {"samples": [{"hash": "8PoLkqplQTA", "uri": "/contracts/8PoLkqplQTA#first-extension", "label": "Facilities Agreement (MiX Telematics LTD)", "score": 33.2149200439, "published": true}, {"hash": "kg8vObpqA53", "uri": "/contracts/kg8vObpqA53#first-extension", "label": "Facilities Agreement (PowerFleet, Inc.)", "score": 33.1930198669, "published": true}], "snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [6, 19]}, {"key": "no-default", "type": "definition", "offset": [25, 35]}, {"key": "at-the-time", "type": "clause", "offset": [67, 78]}, {"key": "facility-a", "type": "definition", "offset": [136, 146]}, {"key": "period-of", "type": "clause", "offset": [173, 182]}, {"key": "first-extension-period", "type": "clause", "offset": [198, 220]}, {"key": "notice-to-the-lender", "type": "clause", "offset": [240, 260]}, {"key": "at-any-time", "type": "clause", "offset": [261, 272]}, {"key": "original-final-maturity-date", "type": "definition", "offset": [332, 360]}, {"key": "relevant-borrower", "type": "definition", "offset": [396, 413]}, {"key": "receipt-of", "type": "clause", "offset": [432, 442]}, {"key": "the-request", "type": "clause", "offset": [443, 454]}, {"key": "credit-approval", "type": "definition", "offset": [492, 507]}, {"key": "terms-applicable-to-the", "type": "clause", "offset": [563, 586]}, {"key": "not-limited", "type": "clause", "offset": [625, 636]}, {"key": "interest-rate-and-interest-payment-dates", "type": "clause", "offset": [644, 684]}, {"key": "in-writing", "type": "clause", "offset": [820, 830]}, {"key": "the-parties-agree", "type": "clause", "offset": [840, 857]}, {"key": "subject-to-the", "type": "clause", "offset": [1007, 1021]}, {"key": "receipt-by-the-lender", "type": "clause", "offset": [1022, 1043]}, {"key": "waiver-by-the-lender", "type": "clause", "offset": [1055, 1075]}, {"key": "documents-and-evidence", "type": "clause", "offset": [1110, 1132]}, {"key": "in-connection-with", "type": "clause", "offset": [1244, 1262]}, {"key": "extension-of-the-final-maturity-date", "type": "clause", "offset": [1267, 1303]}, {"key": "cp-documents", "type": "definition", "offset": [1325, 1337]}, {"key": "satisfaction-of", "type": "clause", "offset": [1346, 1361]}, {"key": "acting-reasonably", "type": "clause", "offset": [1374, 1391]}, {"key": "in-relation-to", "type": "clause", "offset": [1515, 1529]}, {"key": "notification-to", "type": "clause", "offset": [1586, 1601]}], "size": 3, "snippet": "7.1.1 To the extent that no Default has occurred and is continuing at the time, a Borrower may request that the Final Maturity Date for Facility A be extended for a further period of 12 Months (the First Extension Period) by giving written notice to the Lender at any time before the date which is no later than 3 Months before the original Final Maturity Date.\n7.1.2 The Lender shall notify the relevant Borrower within 30 days of receipt of the request:\n(a) whether the Lender has received credit approval for the First Extension Period; and\n(b) the commercial terms applicable to the First Extension Period (including but not limited to the interest rate and interest payment dates) on which such approval is granted.\n7.1.3 If:\n(a) the Lender received credit approval for, and consents to, the First Extension Period in writing; and\n(b) the Parties agree the commercial terms applicable to the First Extension Period (including but not limited to any fees, the interest rate and interest payment dates), subject to the receipt by the Lender of all (or waiver by the Lender of receipt of all or some) of the documents and evidence which the Lender considers to be necessary or desirable (if it has notified the relevant Borrower accordingly) in connection with the extension of the Final Maturity Date (the First Extension CP Documents) to the satisfaction of the Lender, acting reasonably, on or before the original Final Maturity Date, the Final Maturity Date will be extended for a further period of 12 Months in relation to such L\u2587\u2587\u2587\u2587\u2587\u2019s Commitment. The Lender must promptly give notification to the relevant Borrower of receipt of the First Extension CP Documents.", "hash": "ec3f74435577d97c7b9a62db6a5e8f21", "id": 5}, {"samples": [{"hash": "cyYZKiuLTdA", "uri": "/contracts/cyYZKiuLTdA#first-extension", "label": "Stock Purchase Agreement (American International Group Inc)", "score": 21.188911438, "published": true}, {"hash": "2zNDxnFa2id", "uri": "/contracts/2zNDxnFa2id#first-extension", "label": "Stock Purchase Agreement (Metlife Inc)", "score": 21.188911438, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "protected-asset", "type": "definition", "offset": [32, 47]}, {"key": "protection-period", "type": "clause", "offset": [90, 107]}, {"key": "payment-default", "type": "definition", "offset": [210, 225]}, {"key": "payment-is-due", "type": "clause", "offset": [502, 516]}, {"key": "pursuant-to-the", "type": "definition", "offset": [517, 532]}, {"key": "existing-loan-documents", "type": "definition", "offset": [533, 556]}], "size": 2, "snippet": "With respect to each Long-Dated Protected Asset only, if as of December 31, 2016, (a) the Protection Period for such Long-Dated Protected Asset has not already terminated and (b) there exists a Protected Asset Payment Default with respect to such Long-Dated Protected Asset, which Protected Asset Payment Default has not been cured in full by the Obligor, then the Protection Period for such Long-Dated Protected Asset shall be extended until the date on which the next scheduled principal or interest payment is due pursuant to the Existing Loan Documents for such Long-Dated Protected Asset.", "hash": "725e5513131e6aa5da849297e85bf51d", "id": 6}, {"samples": [{"hash": "anFBXSa4cR0", "uri": "/contracts/anFBXSa4cR0#first-extension", "label": "Collection Service Agreement", "score": 22.0369606018, "published": true}, {"hash": "kQFQ48Gtrx5", "uri": "/contracts/kQFQ48Gtrx5#first-extension", "label": "Collection Service Agreement", "score": 17.2838249207, "published": true}], "snippet_links": [{"key": "the-contractor", "type": "definition", "offset": [63, 77]}, {"key": "article-5", "type": "definition", "offset": [165, 174]}, {"key": "the-service", "type": "definition", "offset": [217, 228]}, {"key": "in-this-agreement", "type": "definition", "offset": [244, 261]}, {"key": "the-city-shall", "type": "clause", "offset": [263, 277]}, {"key": "to-offer", "type": "definition", "offset": [291, 299]}, {"key": "extension-of-this-agreement", "type": "clause", "offset": [345, 372]}, {"key": "contractor-shall-provide", "type": "clause", "offset": [374, 398]}, {"key": "written-notice", "type": "clause", "offset": [399, 413]}, {"key": "work-days", "type": "clause", "offset": [510, 519]}, {"key": "date-of", "type": "clause", "offset": [527, 534]}, {"key": "the-offer", "type": "clause", "offset": [535, 544]}, {"key": "to-provide", "type": "clause", "offset": [566, 576]}, {"key": "notice-to-the-city", "type": "clause", "offset": [582, 600]}, {"key": "no-obligation-to-extend", "type": "clause", "offset": [702, 725]}, {"key": "the-term-of-this-agreement", "type": "clause", "offset": [726, 752]}, {"key": "article-4", "type": "clause", "offset": [851, 860]}, {"key": "subject-to-8", "type": "clause", "offset": [874, 886]}, {"key": "to-contractor", "type": "clause", "offset": [934, 947]}, {"key": "the-extended-term", "type": "clause", "offset": [988, 1005]}], "size": 2, "snippet": "On or about July 1, 2019, provided the CITY determines 41 that the CONTRACTOR has not failed to meet and maintain the minimum diversion 42 requirements set forth in Article 5 for two (2) consecutive years and has met the service 1 requirements in this Agreement, the CITY shall be obligated to offer the CONTRACTOR in 2 writing a three (3) year extension of this Agreement. CONTRACTOR shall provide written notice 3 to the CITY as to whether CONTRACTOR accepts or rejects the CITY\u2019s offer within twenty (20) 4 Work Days of the date of the offer. If CONTRACTOR fails to provide such notice to the CITY 5 within twenty (20) Work Days, the CITY\u2019s offer shall be deemed withdrawn and the CITY shall 6 have no obligation to extend the term of this Agreement beyond June 30, 2021. If the term of 7 this Agreement is extended, the compensation provisions of Article 4 shall not be subject to 8 negotiation. However, the compensation payable to CONTRACTOR shall be adjusted annually 9 throughout the extended term as provided in Article 4.", "hash": "dc161a8a458ed754b43da58d8ababacf", "id": 7}, {"samples": [{"hash": "9g4RZRrIiXB", "uri": "/contracts/9g4RZRrIiXB#first-extension", "label": "Collective Agreement", "score": 21.0, "published": true}, {"hash": "3BQDjzwBAsr", "uri": "/contracts/3BQDjzwBAsr#first-extension", "label": "Collective Agreement", "score": 21.0, "published": true}], "snippet_links": [{"key": "subject-to-clause", "type": "clause", "offset": [0, 17]}, {"key": "written-request", "type": "clause", "offset": [37, 52]}, {"key": "the-teacher", "type": "definition", "offset": [56, 67]}, {"key": "prior-to-the", "type": "clause", "offset": [90, 102]}, {"key": "expiry-of", "type": "clause", "offset": [103, 112]}, {"key": "statutory-parental-leave", "type": "clause", "offset": [117, 141]}, {"key": "board-shall", "type": "definition", "offset": [147, 158]}, {"key": "extended-parental-leave", "type": "definition", "offset": [168, 191]}, {"key": "christmas-break", "type": "definition", "offset": [213, 228]}, {"key": "march-break", "type": "clause", "offset": [260, 271]}, {"key": "chosen-by", "type": "clause", "offset": [325, 334]}], "size": 2, "snippet": "Subject to clause 19.04 and upon the written request of the teacher made thirty (30) days prior to the expiry of the statutory parental leave, the Board shall grant an extended parental leave until the end of the Christmas break next following, the end of the March Break next following, or until August 31 next following as chosen by the teacher.", "hash": "7cbf38baf6261d43db55121a3be42ff5", "id": 8}, {"samples": [{"hash": "gJELApB6X7E", "uri": "/contracts/gJELApB6X7E#first-extension", "label": "Non Competition, Non Solicitation, Non Disparagement and Confidentiality Agreement", "score": 28.4200172424, "published": true}, {"hash": "a7wu3cQofOT", "uri": "/contracts/a7wu3cQofOT#first-extension", "label": "Non Competition, Non Solicitation, Non Disparagement and Confidentiality Agreement (YRC Worldwide Inc.)", "score": 19.2026004791, "published": true}], "snippet_links": [{"key": "april-1", "type": "definition", "offset": [3, 10]}, {"key": "the-restricted-period", "type": "clause", "offset": [18, 39]}, {"key": "six-months", "type": "definition", "offset": [72, 82]}, {"key": "termination-of-employment-with-the-company", "type": "clause", "offset": [98, 140]}, {"key": "the-board-of-directors", "type": "definition", "offset": [148, 170]}, {"key": "notify-the", "type": "clause", "offset": [231, 241]}, {"key": "in-writing", "type": "clause", "offset": [250, 260]}, {"key": "each-case", "type": "definition", "offset": [304, 313]}, {"key": "prior-to", "type": "clause", "offset": [315, 323]}, {"key": "terms-and-restrictions", "type": "clause", "offset": [385, 407]}, {"key": "section-5", "type": "clause", "offset": [426, 435]}, {"key": "additional-consideration", "type": "clause", "offset": [459, 483]}, {"key": "equal-to", "type": "definition", "offset": [497, 505]}, {"key": "salary-on", "type": "definition", "offset": [529, 538]}, {"key": "your-employment", "type": "clause", "offset": [620, 635]}, {"key": "resignation-for-any-reason", "type": "clause", "offset": [678, 704]}, {"key": "an-event", "type": "clause", "offset": [744, 752]}, {"key": "deemed-termination-for-cause", "type": "clause", "offset": [761, 789]}, {"key": "with-cause", "type": "definition", "offset": [870, 880]}, {"key": "pay-to", "type": "definition", "offset": [948, 954]}, {"key": "payments-under-this-agreement", "type": "clause", "offset": [999, 1028]}, {"key": "death-or-permanent-and-total-disability", "type": "clause", "offset": [1155, 1194]}, {"key": "your-estate", "type": "clause", "offset": [1262, 1273]}, {"key": "termination-by-the-company-without-cause", "type": "clause", "offset": [1345, 1385]}, {"key": "provision-of", "type": "clause", "offset": [1439, 1451]}, {"key": "the-consideration", "type": "clause", "offset": [1508, 1525]}, {"key": "payment-of-the", "type": "clause", "offset": [1568, 1582]}], "size": 2, "snippet": "On April 1, 2009, the Restricted Period shall be extended from three to six months following your termination of employment with the Company unless the Board of Directors of YRCW (the \u201cBoard\u201d) votes to cancel this extension or you notify the Company in writing that you have cancelled this extension, in each case, prior to April 1, 2009. If this extension is effected, subject to the terms and restrictions set forth in this Section 5(b), YRCW shall pay you additional Consideration in an amount equal to one-third of your base salary on April 1, 2010; provided, that the Company still employs you on April 1, 2010. If your employment with the Company ends as a result of your resignation for any reason (other than your resignation following an event that is deemed termination for Cause as described below in this Section 5) or the Company terminates your employment with Cause, in each case, before June 30, 2010, YRCW shall not be required to pay to you the April 1, 2010 payment or any future payments under this agreement, and you shall return the April 1, 2010 payment. If the Company terminates your employment without Cause or by reason of your death or permanent and total disability before the April 1, 2010 payment is made, YRCW shall pay to you or your estate all unpaid Consideration on the date that is six months following your termination by the Company without Cause; provided, that you have not breached any applicable provision of this agreement, in which case the remaining payments of the Consideration will not be made, and YRCW shall withhold payment of the remaining payments of the Consideration as damages for any such breach.", "hash": "8a08c8ce2fe479617be73fbfb3250870", "id": 9}, {"samples": [{"hash": "hAtQFQnEToH", "uri": "/contracts/hAtQFQnEToH#first-extension", "label": "Fixed Point Microwave Services Agreement (Pathnet Inc)", "score": 18.0, "published": true}, {"hash": "7pHgrLu1W8H", "uri": "/contracts/7pHgrLu1W8H#first-extension", "label": "Fixed Point Microwave Services Agreement (Pathnet Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "in-the-event-the", "type": "clause", "offset": [7, 23]}, {"key": "average-sold-excess-capacity", "type": "definition", "offset": [24, 52]}, {"key": "during-the-initial-period", "type": "clause", "offset": [83, 108]}, {"key": "the-term-of-the-agreement", "type": "clause", "offset": [110, 135]}, {"key": "first-extension-period", "type": "clause", "offset": [198, 220]}, {"key": "the-day", "type": "definition", "offset": [237, 244]}, {"key": "expiration-of-the", "type": "clause", "offset": [255, 272]}, {"key": "expiring-on", "type": "clause", "offset": [292, 303]}], "size": 2, "snippet": "PERIOD In the event the Average Sold Excess Capacity is at least ten percent (10%) during the Initial Period, the term of the Agreement shall be automatically extended for an extension period (the \"FIRST EXTENSION PERIOD\") commencing on the day after the expiration of the Initial Period and expiring on the tenth (10th) anniversary thereafter.", "hash": "1321ff585a6cb8f364aa27d99649651e", "id": 10}], "next_curs": "ClgSUmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjQLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhhmaXJzdC1leHRlbnNpb24jMDAwMDAwMGEMogECZW4YACAA", "clause": {"size": 63, "title": "First Extension", "children": [], "parents": [["term", "Term"], ["extension-of-final-maturity-date", "Extension of Final Maturity Date"], ["amounts-and-terms-of-the-advances-and-the-letters-of-credit", "AMOUNTS AND TERMS OF THE ADVANCES AND THE LETTERS OF CREDIT"], ["extensions-of-termination-date", "Extensions of Termination Date"], ["extension-of-maturity-date", "Extension of Maturity Date"]], "id": "first-extension", "related": [["contract-extension", "Contract Extension", "Contract Extension"], ["modification-extension", "Modification, Extension", "Modification, Extension"], ["notice-of-issuance-amendment-extension-reinstatement-or-renewal", "Notice of Issuance, Amendment, Extension, Reinstatement or Renewal", "Notice of Issuance, Amendment, Extension, Reinstatement or Renewal"], ["renewal-extension", "Renewal, Extension", "Renewal, Extension"], ["amendment-extension-and-waiver", "Amendment, Extension and Waiver", "Amendment, Extension and Waiver"]], "related_snippets": [], "updated": "2026-08-02T06:13:56+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The \"First Extension\" clause defines the terms under which an initial contract or agreement may be extended beyond its original expiration date for a first additional period. Typically, this clause specifies the length of the extension, any conditions that must be met (such as notice requirements or mutual agreement), and whether the terms of the original agreement continue to apply during the extension period. Its core practical function is to provide a clear and predictable mechanism for continuing the contractual relationship without renegotiating a new agreement, thereby ensuring continuity and reducing uncertainty for both parties."}, "json": true, "cursor": ""}}