Second Renewal Period definition

Second Renewal Period is defined in Section 2(b).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Second Renewal Period means a period of time running from the expiry of the First Renewal Period and for a period of two (2) Contract Years thereafter.

Second Renewal Period means the second renewal of this Exploration Right granted in terms of Section 81 of the Act read together with Regulation 33;

Examples of Second Renewal Period in a sentence

The second renewal period is referred to as the “Second Renewal Period.” Buyer will deliver written notice to Seller not later than six months prior to the end of the First Renewal Period if Buyer elects to extend the Term for the Second Renewal Period.
The Initial Term, the First Renewal Period (if elected), and the Second Renewal Period (if elected) are together referred to as the “Term” and the last day of the Term is referred to as the “Expiration Date.” During the First Renewal Period and the Second Renewal Period Seller will have (i) no obligation in accordance with Section 3 to sell any HTS Product to Buyer that is not a KCD-Branded Product and (ii) no obligation in accordance with Section 4 to sell any Outlet Product to Buyer.
The termination will take effect on the date that is the earlier of (A) the end of the Second Renewal Period and (B) the first anniversary of the date that Seller delivered the written notice to Buyer in accordance with the preceding sentence.
The Renewal Option for the Second Renewal Period (the “Second Renewal Option”) shall be exercisable by delivery of written notice from Tenant to Landlord of Tenant’s election to exercise the Second Renewal Option at least twelve (12) months before the Second Renewal Period Commencement Date, time being of the essence.
The termination will take effect on the date that is the earlier of (1) the end of the Second Renewal Period and (2) the first anniversary of the date that Seller delivered the written notice to Buyer in accordance with the preceding sentence.

More Definitions of Second Renewal Period

Second Renewal Period has the meaning set out in Section 3.3(b);

Second Renewal Period shall have the meaning given to it in Section 22.1 hereof.

Second Renewal Period. Third Renewal Period," "Fourth Renewal Period," "Fifth Renewal Period," "Sixth Renewal Period" and "Seventh Renewal Period." We may exercise each option to extend the Term for a Renewal Period by giving you notice of our election to do so at any time prior to the commencement of the Renewal Period for which our option is exercised;

Second Renewal Period means the period of three (3) years from the expiry of the First Renewal Period;

Second Renewal Period ending March 31, 2019; and the “Third Renewal Period” ending March 31, 2020) as provided for above. The Initial Term, as extended or renewed as provided for in this Agreement, is referred to as the “Term.” ii.Renewal Criteria. In order to extend the Expiration Date, LE must (collectively, the “Renewal Criteria”):

Second Renewal Period. With the 7th Amendment, Customer further extended the Term for the period from March 11, 2013 to October 31, 2013 (the "Second Renewal Period").

Second Renewal Period. Should Customer extend the Term for the First Renewal Period, then upon the expiration of the First Renewal Term, Customer may again extend the Term for an additional twelve (12) months by providing Company with at least thirty (30) days prior written notice of its intent to extend.