Common use of Extended Duration Clause in Contracts

Extended Duration. The Company and the Shareholders shall make an ------------------ application to the Approval Authority at least six (6) months prior to the expiry date of the Duration of the Joint Venture for same to be extended as follows: 14.2.1 if the Company has been profitable, for a further period of thirty (30) years; or 14.2.2 if any loan owed to Party B either by the Company or by Party A or vice versa is not completely repaid, for such further period, if any, as Party B may consider necessary to ensure that such loan is completely repaid.

Extended Duration. The Company and the Shareholders shall make an ------------------ application to the Approval Authority at least six (6) months prior to the expiry date of the Duration of the Joint Venture for same to be extended as follows: 14.2.1 if the Company has been profitable, for a further period of thirty (30) years; or. 14.2.2 if any loan owed to Party B either by the Company or by Party A or vice versa is not completely repaid, for such further period, if any, as Party B may consider necessary to ensure that such loan is completely repaid.

Extended Duration. The Company and the Shareholders shall make an ------------------ application to the Approval Authority at least six (6) months prior to the expiry date of the Duration of the Joint Venture for same to be extended as follows: 14.2.1 14.2.1. if the Company has been profitable, for a further period of thirty (30) years; or; 14.2.2 14.2.2. if any loan owed to Party B either by the Company or by Party A or vice versa is not completely repaid, for such further period, if any, as Party B may consider necessary to ensure that such loan is completely repaid.