Term of Extension Sample Clauses

Term of Extension. The Lease is hereby extended for a period of thirty-one (31) days, commencing January 1, 2003, and expiring January 31, 2003 (the “Extended Term”), at the same rental and other terms existing under the Lease as if this Extended Term had been part of the initial Lease Term.
Sample 1Sample 2See All (6)
AutoNDA by SimpleDocs
Term of Extension. The length of each such option term shall be three (3) years, and not five (5) years as provided in the Original Lease.
Sample 1Sample 2Sample 3See All (5)
Term of Extension. The term of extension shall start from January 1, 2012 until December 31, 2012. Upon the expiration of extension, Party A shall take the initiative to timely repay the Loan principal and the corresponding interests. Unless the Parties have otherwise agreed in writing, if Party A still fails to make the repayment upon expiration, Party A shall be deemed to constitute breach of contract, in which case Party B shall be entitled to act as prescribed by Article Six of the Original Loan Contract against such default.
Sample 1Sample 2
Term of Extension. The terms of each extension of the Existing Revolver Expiration Date shall be determined by Borrower and the applicable extending Lenders and set forth in an Extension Amendment; provided that, (i) the extended RevolvingRevolver Loans and the extended Swingline Loans will rank pari passu in right of payment and with respect to security with the existing RevolvingRevolver Loans and the existing Swingline Loans and Borrower and Guarantors of the extended RevolvingRevolver Loan Commitments shall be the same as Borrower and Guarantors with respect to the existing RevolvingRevolver Loans or Swingline Loans, (ii) the interest rate margin, rate floors, fees, original issue discount and premium applicable to any extended RevolvingRevolver Loan Commitment (and the extended RevolvingRevolver Loans thereunder) shall be determined by Borrower and the applicable extending Lenders, (iii) borrowing and prepayment of extended RevolvingRevolver Loans, or reductions of extended RevolvingRevolver Loan Commitments, and participation in Letters of Credit and Swingline Loans, shall be on a pro rata basis with the other RevolvingRevolver Loans or RevolvingRevolver Loan Commitments (other than upon the maturity of the non-extended RevolvingRevolver Loans and RevolvingRevolver Loan Commitments), and (iv) the terms of the extended RevolvingRevolver Loan Commitments shall be substantially identical to the terms set forth herein (except (x) to the extent any such terms apply only after the expiration of the Revolver Loan Commitments not so extended and (y) as otherwise set forth in clauses (i) through (iii) above).
Sample 1
Term of Extension. The Lease is hereby extended for a further period of Five (5) years, commencing June 1, 2001 (the "Effective Date"), and expiring May 31, 2006 (the "Extended Term").
Sample 1
Term of Extension. The Storage Lease is hereby extended for a further period of fifteen (15) years and two (2) months commencing August 1, 2003 (the "Effective Date"), and expiring September 30, 2018 (the "Extended Term").
Sample 1
Term of Extension. The "Mining Lease and Option to Purchase" shall be extended for four (4) months until March 12, 1998.
Sample 1
AutoNDA by SimpleDocs
Term of Extension. Section 3.1 of the Extension of Consulting Agreement is amended to read as follows in its entirety:
Sample 1
Term of Extension. Section 1.2 of the Lease is hereby amended to extend, for an initial extended term of Six (6) months, the term of the Lease, which initial extended term commences on July 1, 2014 (the “Sixth Extended Term Effective Date”), and expires on December 31, 2014 (the “Sixth Extended Term”), subject to Tenant’s renewal options as set forth in Paragraph 5 below.
Sample 1

Related to Term of Extension

  • Renewal, Extension The renewal or extension of any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Notice of Extension (a) If the Institutional Trustee is the only registered Holder of the Debentures at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, the Institutional Trustee and the Trustee of its selection of such Extended Interest Payment Period one Business Day before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to the New York Stock Exchange or other applicable self-regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least one Business Day before such record date.

  • Extension of Initial Term Upon each annual anniversary date of this Agreement, this Agreement shall be extended automatically for successive terms of one year each, unless either the Corporation or the Employee gives contrary written notice to the other not later than the annual anniversary date.

  • Extension Term Provided Lessee is not in default in the performance of any term or condition of this Lease, Lessee shall have the option to extend this Lease for two (2) additional terms of five (5) years per term, commencing with the expiration of the first or additional term, upon the following conditions:

  • Term of Agreement This Agreement shall continue in full force and effect until the tenth (10th) anniversary of Bank Closing; provided, that the provisions of Section 6.3 and 6.4 shall survive the expiration of the term of this Agreement; and provided further, that the receivership of the Failed Bank may be terminated prior to the expiration of the term of this Agreement, and in such event, the guaranty of the Corporation, as provided in and in accordance with the provisions of Section 12.7 shall be in effect for the remainder of the term of this Agreement. Expiration of the term of this Agreement shall not affect any claim or liability of any party with respect to any (i) amount which is owing at the time of such expiration, regardless of when such amount becomes payable, and (ii) breach of this Agreement occurring prior to such expiration, regardless of when such breach is discovered.

  • Term of Agreement; Termination The term of this Agreement shall commence on the date hereof and such term and this Agreement shall terminate upon the earlier to occur of (i) the Effective Time, and (ii) the date on which the Merger Agreement is terminated in accordance with its terms. Upon such termination, no party shall have any further obligations or liabilities hereunder; PROVIDED, HOWEVER, such termination shall not relieve any party from liability for any breach of this Agreement prior to such termination.

  • Extension of the Term The Term may be extended at the option of NAI for up to two successive periods of five years each; provided, however, that prior to each such extension the following conditions must have been satisfied: (A) NAI must have delivered a notice of its election to exercise the option at least one hundred eighty days prior to the end of the Term, and prior to the commencement of any such extension BNPPLC and NAI must have agreed in writing upon, and received the written consent and approval of BNPPLC’s Parent and all Participants (other than Participants being replaced at the request of NAI as provided in Paragraph 6) to, (1) a corresponding extension of the date specified in clause (1) of the definition of Designated Sale Date in the Common Definitions and Provisions Agreement and of the term of the Ground Lease, and (2) an adjustment to the Rent that NAI will be required to pay during the extension, it being expected that the Rent for the extension may be different than the Rent required for the original Term or any prior extension, and it being understood that the Rent for any extension must in all events be satisfactory to both BNPPLC and NAI, each in its sole and absolute discretion; (B) at the time of NAI’s exercise of its option to extend, no Event of Default has occurred and is continuing, and no Event of Default will result from the extension; (C) immediately prior to any such extension, this Lease must then remain in effect; and (D) if this Lease has been assigned by NAI, then NAI must have executed a guaranty (or confirmed an existing guaranty, if applicable), guaranteeing NAI’s assignee’s obligations under the Operative Documents throughout such extended Term. With respect to the condition that BNPPLC and NAI must have agreed upon the Rent required for any extension of the Term, neither NAI nor BNPPLC is willing to submit itself to a risk of liability or loss of rights hereunder for being judged unreasonable. Similarly, neither BNPPLC’s Parent nor any Participant is expected to submit itself to a risk of liability or loss of rights for being judged to have unreasonably withheld consent or approval to any extension of the Term. Accordingly, NAI, BNPPLC, BNPPLC’s Parent and Participants will each have sole and absolute discretion in making its determination, and both NAI and BNPPLC hereby disclaim any obligation express or implied to be reasonable in negotiating the Rent for any such extension. Subject to the changes to the Rent and satisfaction of the other conditions listed in this subparagraph, if NAI exercises its option to extend the Term as provided in this subparagraph, this Lease will continue in full force and effect, and the leasehold estate hereby granted to NAI will continue without interruption and without any loss of priority over other interests in or claims against the Property that may be created or arise after the Effective Date and before the extension.

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

  • Term of the Lease The lease begins at p.m. on (the “Check-in Date”) and ends at a.m. on (the “Checkout Date”).

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

Time is Money Join Law Insider Premium to draft better contracts faster.