Examples of Extension Term in a sentence
Lessor shall continue to hold the Security Deposit during the remainder of the initial term and during the Third Extension Term pursuant to Paragraph 7 of the Lease.
End of Term Extension If this Contract approaches the end of its Initial Term, or any Extension Term then in place, the State, at its discretion, upon written notice to Contractor as provided in §15, may unilaterally extend such Initial Term or Extension Term for a period not to exceed 2 months (an “End of Term Extension”), regardless of whether additional Extension Terms are available or not.
Notwithstanding anything to the contrary herein, the provisions of this Section 4.2 shall cease to be effective as of the commencement of the Extension Term.
Notwithstanding anything to the contrary herein, the provisions of this Section 4.4 shall cease to be effective as of the commencement of the Extension Term.
If either party fails to timely give notice of its selection for an Arbitrator, the other party’s submitted proposal shall determine the Base Rent for the Extension Term.