Year Extension Sample Clauses

Year Extension. In accordance with Section 3 of the Electric Distribution System Franchise Agreement (the Agreement) between ATCO Electric Ltd. (ATCO) and the Town of Three Hills effective February 11, 2013, the Agreement shall be extended for a further period of 5 years, provided ATCO gives written notice not less than 12 months prior to the expiration of the initial term of its intention to extend the Agreement and the Town of Three Hills agrees in writing not less than six months prior to the expiry of the initial term. ATCO provided notice of its intention to extend the Agreement on accordance with Section 3 via email dated February 9, 2022. If Town of Three Hills agrees with this extension for an additional 5-year term, please sign the acknowledgement below and return to the undersigned by August 11, 2022 (no less than 6 months prior to the February 11, 2023 expiry date) of the current Agreement. Feel free to call with any questions or concerns. Sincerely Xxxxx Xxxxxx Digitally signed by Xxxxx Xxxxxx
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Year Extension. Student can also get a 1 year extension of their project for only Rs. 3999. They will get full access to all modules, future upgrades and support from Opteamize during the 1-year period.
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Year Extension. A billing audit and performance 569 review shall be conducted two years prior to the end of the Initial Term (i.e., during 2031, and to be completed 570 by December 31, 2031) as described in Section 17.02. The cost of the review shall be paid as specified in 571 that Section. In order to be eligible for an Extension of the Term of the Agreement under Section 2.02, 572 Contractor must meet billing and performance standards to the satisfaction of the City. In the event 573 Contractor fails to meet the minimum service and diversion requirements set forth in Section 8.01.1, this 574 Agreement will terminate on June 30, 2033 as set forth in Section 2.01 of this Agreement. 575 Article 3. Conditions Governing Services Provided by Contractor
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Year Extension. Notwithstanding anything to the contrary, and so long as there exists no Event of Default, upon maturity of this Note, the existing maturity date of December 31, 2001, will be extended five (5) years and the then outstanding principal balance will be repaid by Borrower to Lender in equal monthly principal payments. In addition, Borrower shall pay Lender monthly payments of accrued unpaid interest. The interest rate shall be selected by Borrower from one of the three (3) options more fully referenced on the attached Exhibit "A", which is incorporated herein by reference. The Variable Interest Rate, referenced in item (a) on the attached Exhibit "A", shall change from time to time based on changes to the Prime rate as published in the Wall Street Journal ("Index"). The interest rate change will not occur more often than each DAY. The interest rate to be applied to the unpaid principal balance shall be at a rate of 0.250 percentage points over the Index.
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Year Extension. If the ---------------------------------------------------------- Grantee shall make available to all users of its cable system in the Village the option to receive 85 channels by no later than September 30, 1999, in accordance with Subsection 35(a) of the Cable Ordinance, then the term of the Franchise shall he extended from September 30, 2009, to September 30, 2017, and shall expire at the end of that day.
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Year Extension. CONTRACTOR may request one ten- (10-) year term extension to the original fifteen- (15-) year term, and at CITY’s sole option, CITY may grant CONTRACTOR’s request to extend the term. Under no circumstances will CITY be obligated to extend the term. CONTRACTOR must request the ten- (10-) year extension by March 31, 2029 in order to be eligible for the term extension. If CONTRACTOR is found to have a Specified Default (as described in Section 24.09), CONTRACTOR will not be eligible for the ten- (10- ) year extension.
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Year Extension. If CONTRACTOR requests a term extension as described in Section 2.02 above, then, at CITY’s sole option, a billing audit and performance review shall, prior to December 31, 2029, be conducted as described in Article 20, and CONTRACTOR must pay the cost of the billing audit and performance review subject to the maximum cost specified in such Article. Regardless of the outcome of this billing audit and performance review, CITY will have no obligation to extend the term of the Agreement.”
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Year Extension. A billing audit and performance review shall be conducted and completed by April 1, 2034, as described in Article 14. The cost of the review shall be paid as specified in that Section. In order to be eligible for an Extension of the Term of the Agreement under Section 2.02, Contractor must meet billing and performance standards to the satisfaction of the City. In the event Contractor fails to meet the minimum service and diversion requirements set forth in Section 5.01, this Agreement will terminate on September 30, 2036, as set forth in Section 2.01 of this Agreement.
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Related to Year 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.

  • Modification, Extension The issuance of any supplement, modification, amendment, renewal, or extension to 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.

  • 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:

  • Extension Terms County may, at its sole option, extend the term of this Agreement beyond the Initial Term for up to ___ additional one-year terms at the same rates and under the same terms provided for herein (each such period being an “Extension Term”). County shall notify Contractor of its election for an Extension Term(s) as provided for in §6.

  • Lease Extension If this Lease shall not have been terminated --------------- pursuant to any provisions hereof and there is no Material Breach (as defined herein) by Tenant hereunder at the time set for exercise of the Extension Terms (as herein defined) and at the time set for commencement thereof, then Tenant may, at Tenant's option, extend the term of this Lease for five (5) successive additional terms of four (4) years each (each an "Extension Term," collectively the "Extension Terms") commencing on the expiration of the original term, or the immediately preceding Extension Term, as the case may be. Tenant may exercise such option by giving Landlord written notice at least ten (10) months prior to the expiration of the original or the immediately preceding Extension Term, as the case may be. Upon the giving by Tenant to Landlord of such written notice and the compliance by Tenant with the foregoing provisions of this Paragraph 15, this Lease shall be deemed to be automatically extended upon all the Covenants, agreements, terms, provisions and conditions set forth in this Lease, except that Base Rent for each such Extension Term shall be as provided on Exhibit D. If Tenant fails or omits to so give to Landlord the written notice referred to above, Landlord shall provide Tenant with written notice of Tenant's failure to exercise the Extension Term, and upon receipt of such notice, Tenant shall be allowed fifteen (15) days to exercise the extension option allowed for herein. If Landlord fails to provide such notice, Tenant's renewal option shall expire upon the expiration of the then current term. Failure to respond to Landlord's notice within such fifteen (15) days shall be deemed to be a waiver by Tenant of its extension option hereunder.

  • Extension of the Expiry Date; Non-Extension Advance No earlier than the 60th day and no later than the 40th day prior to the then effective Expiry Date (unless such Expiry Date is on or after the date that is 15 days after the Final Legal Distribution Date for the Class A Certificates), the Borrower shall request that the Liquidity Provider extend the Expiry Date to the earlier of (i) the date that is 15 days after the Final Legal Distribution Date for the Class A Certificates and (ii) the date that is the day immediately preceding the 364th day occurring after the last day of the Consent Period (as hereinafter defined). Whether or not the Borrower has made such request, the Liquidity Provider shall advise the Borrower no earlier than the 40th day (or, if earlier, the date of the Liquidity Provider’s receipt of such request, if any, from the Borrower) and no later than the 25th day prior to the then effective Expiry Date (such period, the “Consent Period”), whether, in its sole discretion, it agrees to so extend the Expiry Date. If the Liquidity Provider advises the Borrower on or before the date on which the Consent Period ends that such Expiry Date shall not be so extended, or fails to irrevocably and unconditionally advise the Borrower on or before the date on which the Consent Period ends that such Expiry Date shall be so extended (and, in each case, if the Liquidity Provider shall not have been replaced in accordance with Section 3.5(e) of the Intercreditor Agreement), the Borrower shall be entitled on and after the date on which the Consent Period ends (but prior to the then effective Expiry Date) to request a Non-Extension Advance in accordance with Section 2.02(b) hereof and Section 3.5(d) of the Intercreditor Agreement.

  • Renewal, Extension or Rearrangement All provisions of this Agreement relating to Obligations shall apply with equal force and effect to each and all promissory notes executed hereafter which in whole or in part represent a renewal, extension for any period, increase, or rearrangement of any part of the Obligations originally represented by any part of such other Obligations.

  • Modification, Extension and Renewal of Options The Board or a duly appointed committee thereof, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Code and applicable securities laws. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Recipient, alter to the Recipient’s detriment or impair any rights of Recipient hereunder.

  • Extension Period Any extension hereof shall be subject to the provisions of Article III hereof.

  • Term Extension It is understood and agreed that the State may extend the Term an additional period of time, not to exceed one hundred-eighty (180) days beyond the expiration date of this Grant Contract, under the same terms and conditions. In no event, however, shall the maximum Term, including all extensions or renewals, exceed a total of sixty (60) months.

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