Extension Periods Sample Clauses

Extension Periods. This contract will automatically renew for successive one (1) year periods unless either party notifies the other party in writing eighteen (18) months prior to the then applicable contract expiration date of its desire to terminate this contract as of that expiration date. The pricing provisions set forth in Paragraph H shall continue to apply to such renewal periods.

Extension Periods. For the avoidance of doubt, an extension of the Maturity Date pursuant to this Section 3.06(a) (i) shall become effective on the then-current Maturity Date, and (ii) shall not extend the Repurchase Date of any Transaction (other than with respect to clause (a) of the definition of “Repurchase Date”). No extension of the then-current Maturity Date shall be effective unless and until Seller has paid the Extension Fee to Buyer.

Extension Periods. 4.3.1. Without prejudice to Buyer’s and Seller’s right to elect a Restoration Period, Buyer may elect to extend the Term for two (2) additional periods subject to and in accordance with this Section 4.3 (each an “Extension Period”). On or before two (2) years prior to the later of the expiration of the Initial Term or the expiration of the Restoration Period, Buyer may, by notice to Seller, extend the Term of this Agreement for a period of not less than two (2) years and not greater than five (5) years (“First Extension Period”). If Buyer extends the Term for the First Extension Period, then on or before two (2) years prior to the expiration of the First Extension Period, Buyer may, by notice to Seller, extend the Term of this Agreement for an additional five (5) years (“Second Extension Period”); provided, however, that if Seller notifies Buyer no earlier than four (4) years prior to the expiration of the First Extension Period and no later than two (2) years prior to the expiration of the First Extension Period that a potential non-Affiliate customer of either Seller or FLNG is reasonably expected by Seller to imminently execute a term sheet setting forth the terms for purchase by such potential customer of firm liquefaction services from the Tilbury Facility of not less than the ACQ elected by Buyer during the First Extension Period and for a term of two (2) years or longer (“Bona Fide Customer”), Buyer will notify Seller within ninety (90) days of receipt of Seller’s notice whether it elects, subject to Commission approval, to extend the Term for the Second Extension Period. Seller’s notice will state such Bona Fide Customer’s desired annual contract quantity and the term of such Bona Fide Customer’s proposed contract. If Buyer does not elect to extend the Term for a Second Extension Period within the deadline set forth above, Buyer’s right to elect a Second Extension Period shall be limited to an ACQ in each Contract Year of the Second Extension Period of not more than Buyer ACQ less the amount of such Bona Fide Customer’s desired annual contract quantity for the Contract Years in which the Bona Fide Customer’s demand coincides with the Second Extension Period, unless such Bona Fide Customer has not entered into an agreement to purchase firm liquefaction services from the Tilbury Facility on or before the date that is two (2) years prior to the expiration of the First Extension Period. Buyer’s extension notice shall state its desired ACQ for the reque...

Extension Periods. Notwithstanding anything to the contrary contained in the Transaction Documents, if there exists a period (the "Section 16(b) Period") during which the Investor's purchase, sale, exercise, exchange or conversion of any Security pursuant to any Transaction Document would result in liability under Section 16(b) of the Exchange Act, as amended, or the rules and regulations promulgated thereunder, the period during which such Security may be purchased, sold, exercised, exchanged or converted, as the case may be, if prescribed by such Transaction Document, shall be extended for the equivalent number of days of such Section 16(b) Period (the "Extension Period"), with such Extension Period beginning on the later of (a) the expiration date of such Security, if any, or (b) the date of the end of such Section 16(b)

Extension Periods. For the avoidance of doubt, an extension of the Maturity Date pursuant to this Section 3.06 shall not extend the Repurchase Date of any Purchased Asset if an earlier Repurchase Date was specified in the related Confirmation.

Extension Periods. For the avoidance of doubt, an extension of the Maturity Date pursuant to this Section 3.06(a) (i) shall become effective on the then-current Maturity Date, and (ii) shall not extend the Repurchase Date of any Transaction (other than with respect to clause (a) of the definition of “Repurchase Date”). In connection with any Extension Period requested by Seller, and approved by Buyer, in accordance with this Section 3.06(a), Buyer and Seller shall execute and deliver an extension confirmation letter in the form and substance of Exhibit I attached hereto or in form and substance otherwise acceptable to Buyer in its sole discretion (each such extension confirmation letter, an “Extension Confirmation Letter”).

Extension Periods. 2.2.1 Upon the fulfillment by the Contractor of its Exploration obligations set forth in Articles 3.1.1 and 3.1.2 with respect to the Initial Exploration Period, the Contractor may request up to two (2) extensions of the Initial Exploration Period. 2.2.2 For each Extension Period, the Contractor shall file a request with the Ministry at least two (2) months prior to the expiry of the Initial Exploration Period, or as the case may be, the First Extension Period. The Ministry shall not unreasonably withhold or delay the granting of such extension; provided that the Contractor has complied with all of its obligations in the Initial Exploration Period and the First Extension Period, as applicable, and shall not be otherwise in breach of this Contract. 2.2.3 Each request for an extension shall be accompanied by a map specifying the Contract Area proposed to be retained by the Contractor, along with a report specifying any work performed in the proposed relinquished area since the Effective Date and the results obtained therefrom. 2.2.4 If upon expiry of the Initial Exploration Period, or of any Extension Period, any Appraisal work program with respect to a Discovery is still under progress, the Contractor shall be entitled to an additional extension of the then current Exploration Period necessary to complete the work in progress. Furthermore, where Appraisal work has not yet been completed by the Contractor at the time at which a relinquishment contemplated by Article 2.4 is due, the requirement to relinquish shall be suspended until such time that the Contractor completes the said Appraisal work, commerciality is determined and, if applicable, the related establishment of a Field is approved or denied. Any additional extension granted under this Article

Extension Periods. If neither Shareholder timely provides a termination notice, the JV shall automatically renew for an additional 2 years period beginning at the end of the Restrictive Period (the “Extension Period”) Extension Periods shall continue every five (5) years until one Shareholder provides a termination notice.

Extension Periods. If Buyer has satisfied or waived the contingencies set forth in Sections 4.1 and 4.2 above and is diligently pursuing the applicable required approvals and permits described in Section 4.3 above, Buyer shall be entitled to two (2) separate thirty (30) day extensions of the Contingency Period. Notice of the exercise of each of the extension periods shall be given by Buyer to Seller at least ten (10) days prior to the end of the initial Contingency Period or the first extension period, whichever is applicable.