Changing the Term Clause Samples
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Changing the Term. ▇▇▇▇ may elect to terminate this Agreement early effective on May 31, 2015, May 31, 2016 or May 31, 2017 and the Company may elect to terminate this Agreement early effective on May 31, 2017; provided that no such election shall be effective unless the Party making such election (i) gives the other Party at least six (6) months prior notice of any such election pursuant to Article 26, (ii) concurrently exercises its right (or in the case of the Company, causes Alon USA, LP to exercise its rights) to terminate the Alon USA Supply and Offtake Agreement and (iii) concurrently exercises its right (or in the case of the Company, causes ASI to exercise its rights) to terminate the ASI Supply and Offtake Agreement effective as of the same early termination date elected for this Agreement. If any early termination is properly elected pursuant to the preceding sentence, the effective date of such termination shall be the “Early Termination Date.
Changing the Term. The Parties may, no later than one hundred twenty (120) days prior to the then current Expiration Date, by mutual agreement, elect to extend the Term of this Agreement for an additional one year period following such current Expiration Date and, upon the effectiveness of such mutual agreement, the last day of such additional one year period shall be the Expiration Date hereunder.
Changing the Term. Citi may, in its sole discretion, elect to extend this Agreement until December 30July 31, 20252026; provided that such election shall not be effective unless, no later than six (6) months prior to the Expiration Date, Citi gives DKTS written notice of such election in accordance with Article 28; and provided further that if as of either (i) the date on which Citi elects to extend this Agreement or (ii) the date on which this Agreement is to be extended pursuant to such election, the long-term, senior, unsecured debt of the Citi Guarantor is rated below BBB- by S&P or Baa3 by Moody’s, then DKTS must agree in writing to extend this Agreement.
Changing the Term. ▇▇▇▇ may, in its sole discretion elect to extend this Agreement until May 30, 2025; provided that such election shall not be effective unless ▇▇▇▇ (i) gives the Company at least six (6) months’ notice prior to the Expiration Date of any such election pursuant to Article 27, (ii) if the Third A&R BSR S&O Agreement is still in effect, concurrently exercises its right to extend the Third A&R BSR S&O Agreement, and (iii) if the Third A&R Delek S&O Agreement is still in effect, concurrently exercises its right to extend the Third A&R Delek S&O Agreement.
Changing the Term. Changes to the terms and conditions are negotiated between the OTAO and the RBO.
Changing the Term. ▇▇▇▇ may elect to terminate this Agreement early effective on May 31, 2016, May 31, 2017 or May 31, 2018 and the Company may elect to terminate this Agreement early effective on May 31, 2018; provided that no such election shall be effective unless the Party making such election gives the other Party at least six (6) months prior notice of any such election pursuant to Article 26. If any early termination is properly elected pursuant to the preceding sentence, the effective date of such termination shall be the “Early Termination Date.”
Changing the Term. The Parties may, by mutual agreement, elect to extend the Term of this Agreement for up two additional successive twelve (12) month periods as follows: (i) no later than one hundred twenty (120) days prior to May 31, 2018, the Parties may mutually agree in writing that the Term of this Agreement has been extended to May 31, 2019 (which shall be the Expiration Date, unless and until the Term is further extend under the following clause); and (ii) if the Term has been extended as provided in the preceding clause (i), then no later than one hundred twenty (120) days prior to May 31, 2019, the Parties may mutually agree in writing that the Term of this Agreement has been extended to May 31, 2020 (which shall be the Expiration Date).