Extension Term definition

Extension Term means the time period defined in §2.C.
Extension Term means the period of time by which the Grant Expiration Date is extended by the State through delivery of an updated Grant Award Letter
Extension Term means any term that increases the length of the Initial Term of this Agreement or an Order Term of an Order or SOW.

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.


More Definitions of Extension Term

Extension Term means the period of time by which the Grant Expiration Date is extended by the State through delivery of an updated Grant Award Letter, an amendment, or an Option Letter.
Extension Term means any Qualified Extension Term or Non-Qualified Extension Term, as applicable.
Extension Term means the period between July 1, 2004, and December 31, 2004.
Extension Term means and refer to the duration of each duly authorized Extension Option, as set forth in Item 6 of the Basic Lease Information.
Extension Term means each additional one year subscription term for which the subscription term for a Proofpoint Product is extended pursuant to Section 7.
Extension Term means each successive period of twelve months after the Initial Contract Term.
Extension Term means the period during which the Term of Shipper’s TSA is continued in effect on a year-to-year basis, in accordance with the procedures for extension thereof set forth in Shipper’s TSA, following the expiration of the initial Term of Shipper’s TSA.