Further Extension definition

Further Extension has the meaning given such term in Section 2.3.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Further Extension has the meaning set out in Clause 2.3; "Good Industry Practice" means that degree of skill, care, diligence, prudence, timeliness, efficiency and foresight which could reasonably and ordinarily be expected from a skilled, experienced and professionally managed provider of audit services similar to those required to be provided under this Agreement; “Handover Licence” means the licence for auditing, awarding and distributing the Specialist Quality Mark which the LAA has reserved the right at Clause 14.1Error! Reference source not found. to grant to a new licensee for the Handover Period; “Handover Period” means either the last 30 days of the Extension Period or, where the LAA has not exercised its right to enter into the Extension Period, the last 31 days of the Initial Term;

Further Extension has the meaning set out in Clause Error! Reference source not found.;

Examples of Further Extension in a sentence

• If further delay results from an event in respect of which the Subcontractor has already submitted an "Extension of Time Claim" under this Section (or a "Further Extension of Time Claim" under this paragraph), and the Subcontractor wishes to claim a further Extension of Time in respect of such event, the Subcontractor must provide Honeywell with a further written notice entitled "Further Extension of Time Claim" which must include those matters required in relation to an "Extension of Time Claim".

• The Further Extension Term shall be upon the same terms and conditions of the Original Lease, as extended, renewed or amended, as the case may be, except that there shall be no further right of extension beyond the Further Extension Term except for the Annual Rent, which shall for the Further Extension Term be based upon: (i) the Rentable Area of the Premises, and (ii) the Market Rental as of the date which is six (6) months prior to the commencement of the Further Extension Term.

• The terms of the Further Extension Agreement do not have any other impact on the other terms of the Call Option as summarised in the November Announcement.

• The Further Extension Term shall be upon the same terms and conditions of the Original Lease, as extended, renewed or amended, as the case may be, except that there shall be no further right of extension beyond the Further Extension Term except for the Base Rent, which shall for the Further Extension Term be based upon: (i) the Rentable Area of the Premises, and (ii) the Market Rental as of the date which is six (6) months prior to the commencement of the Further Extension Term.

• AT&T Mobility must provide notice of intent to invoke the Further Extension Option by December 1, 2009.

• The term of the Agreement will be extended through April 30, 2010 (the “Further Extension”) and, if the Further Extension Option is exercised, the term may be extended through October 31, 2010 (the “Further Extension Option”).

• The existing service Level Agreement (SLA) relating to content and device onboarding, merchandising, support, and maintenance will apply during the Further Extension and any Further Extension Option period, however any service credits or non-performance credits applicable to these or any other service levels/metrics in the Agreement will be waived during both such periods.

• If AT&T elects the Further Extension Option, then AT&T will have the right to terminate the agreement with 90 days prior notice, with such notice not to be given earlier than April 30, 2010.

• During the Further Extension, Motricity shall provide the Storefront with the same functionality and reporting as currently provided AT&T Mobility under the Agreement.

• The Tenant shall give written notice to the Landlord of its extension of the Lease at least six (6) months prior to the end of the Fourth Extension Term or the Further Extension Term, as the case may be.

More Definitions of Further Extension

Further Extension means each of up to twelve monthly extensions after the Initial Extension, each such extension being at the election of the SPAC.

Further Extension has the meaning set out in Clause Error! Reference source not found.; “GSCS” means the Government Security Classification System which is the Government’s system for classifying information; "Good Industry Practice" means that degree of skill, care, diligence, prudence, timeliness, efficiency and foresight which could reasonably and ordinarily be expected from a skilled, experienced and professionally managed provider of audit services similar to those required to be provided under this Agreement; “Handover Licence” means the licence for auditing, awarding and distributing the Specialist Quality Mark which the LAA has reserved the right at Clause Error! Reference source not found. to grant to a new licensee for the Handover Period; “Handover Period” means either the last 30 days of the Extension Period or, where the LAA has not exercised its right to enter into the Extension Period, the last 31 days of the Initial Term; “Helpdesk Service” means the service to be provided by the Licensee in accordance with Clause Error! Reference source not found. and as further specified in the Specification;

Further Extension means extension of the Maturity Date to April 30, 2004, effective upon satisfaction of the Further Extension Conditions.