Additional Term Sample Clauses
An "Additional Term" clause defines and incorporates extra provisions or conditions into an existing agreement beyond the standard terms. This clause typically specifies new obligations, rights, or requirements that were not originally included, such as special payment arrangements, delivery conditions, or unique compliance requirements. By formally adding these terms, the clause ensures that both parties are aware of and legally bound by the expanded scope of their agreement, thereby preventing misunderstandings and addressing specific needs not covered by the main contract.
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Additional Term. The Parties hereby agree to further extend the Agreement for additional three months ending on December 31, 2022 (the “Second Additional Term”).
Additional Term. If this Lease has not been terminated and Lessee is not in default of any material provision of this Lease, Lessee shall have the option to extend this Lease for an additional term of ten (10) years, under the same terms and conditions as are provided in this Lease except that (a) there shall be no further right of renewal, and (b) the rent for such additional term shall be increased by a mutually agreed amount. Lessee may exercise such option by giving notice to Lessor as provided herein no and no later than August 30, 2016.
Additional Term. Seller grants to Purchaser three (3) options to extend the Initial Term for additional consecutive periods of five (5) years each (each, an “Additional Term”), subject to the terms and conditions set forth in this Agreement.
Additional Term. “Additional Term” shall have the meaning ascribed thereto in Section 10.01(a) of this Agreement.
Additional Term. Nothing herein shall prevent Comcast, the County, or any Participating Municipality from extending the term of this Agreement by mutual agreement.
Additional Term. If Lessee is not then and has never been in default of any term or condition of this Lease, this Lease may be extended at the option of Lessee for an additional term of years (the “Additional Lease Term”) commencing at the Expiration Date upon the terms and conditions of this Lease then in effect. Lessee shall deliver written notice of its intent to exercise the option not more than nine months and not less than six months prior to the expiration of the Initial Lease Term. The Initial Lease Term and the Additional Lease Term shall collectively be referred to as the “Lease Term.”
Additional Term. After the Initial Term, and unless Executive’s employment has been terminated pursuant to Section 10 or by either party upon 30-days written notice prior to the end of the Initial Term or any Additional Term that such party does not wish to extend the Agreement, the term of this Agreement shall be renewed automatically for successive one-year terms (each an “Additional Term”).
Additional Term. C&C shall have an option to extend this Agreement for one (1) additional term of four (4) years. Such option shall become exercisable at any time by written notice given no less than ninety (90) days prior to expiration of the initial term.
Additional Term. TENANCY DATABASES
Additional Term. Shire shall have the right to extend the Agreement for a period of two (2) additional years by providing at least twelve (12) months prior written notice before the expiration of the initial term. In this event Section 3.6(g) shall apply accordingly.