Optional Extensions Sample Clauses

The Optional Extensions clause allows parties to extend the duration or scope of an agreement beyond its original terms if certain conditions are met. Typically, this clause outlines the process for requesting and approving an extension, such as providing written notice within a specified timeframe or agreeing on additional terms. Its core practical function is to provide flexibility, enabling the parties to continue their relationship or project without renegotiating a new contract, thereby ensuring continuity and accommodating unforeseen needs.
Optional Extensions. Section 2.08(d)(ii) of the Existing Credit Agreement is amended by replacing “anniversary of the date hereof” where it appears therein with “anniversary of the Amendment No. 1 Closing Date”.
View SourceView Similar (4)
Optional Extensions. Section 2.08(d)(ii) of the Existing Credit Agreement is amended by replacing it in its entirety with the following:
View SourceView Similar (4)
Optional Extensions. If Purchaser is not able by the end of the Initial Term to complete the Migration and Conversion of one or more Pre-Conversion Services that it receives, or otherwise upon Purchaser’s election, then, upon written notice provided to the Service Provider at least ninety (90) days prior to the end of the Initial Term, Purchaser shall have the right to request and cause the Service Provider to provide such Service(s) for one or more periods not to exceed a total of ninety (90) days, and the term of this Agreement to be extended accordingly (the “Optional Extension Period” and together with the Initial Term, any applicable Additional BD Extensions, and any Required Extensions, the “Term”); provided, that the Receiving Party shall pay Service Fees for all such Services during such Optional Extension Period at a cost equal to the applicable Service Fees [ ]; provided, that the foregoing Service Fee increase shall not apply if a Service Provider’s or any of its Affiliates’ non-compliance with the terms of this Agreement caused, in whole or in part, Purchaser’s extension of the term of the Pre-Conversion Services. If Purchaser is not able by the end of any such Optional Extension Period to complete the Migration and Conversion of one or more Pre-Conversion Services, the Parties shall negotiate in good faith any additional extension periods, including any applicable fee escalation.
View Source
Optional Extensions. Where a limit is specified in the extension, this is in addition to the maximum liability under ‘Section 1: Basis of settlement’. Otherwise, any payment under an extension is subject to the maximum amount payable under ‘Section 1: Basis of settlement’. These extensions are optional and only apply where specified in the schedule.
View Source
Optional Extensions. 17.1 The term of this Agreement may be extended by SFW, at its sole and exclusive option, upon the same terms and conditions as set forth herein, by giving written notice of extension (the "Extension Notice") to Super Rite not less than 90 days prior to any Termination Date in the manner provided in paragraph 20 hereof. For purposes of this paragraph 17, the term "Termination Date" shall refer to the original Termination Date and to all extensions thereof in accordance with this paragraph 17.
View Source
Optional Extensions 
View SourceView Similar (7)

Related to Optional Extensions

  • 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.

  • Time Extensions 2.03.1 If Contractor requests an extension of time to complete its performance, then the Director, in consultation with the CPO, may, in his or her sole discretion, extend the time so long as the extension does not exceed 90 days. The extension must be in writing but does not require amendment of this Agreement. Contractor is not entitled to damages for delay(s) regardless of the cause of the delay(s).

  • Extension Options Subject to the provisions of this Section 2.6.1, Borrower shall have the option (the “First Extension Option”), by irrevocable written notice (the “First Extension Notice”) delivered to Lender no later than thirty (30) days prior to the Stated Maturity Date, to extend the Maturity Date to August 31, 2022 (the “First Extended Maturity Date”). Borrower’s right to so extend the Maturity Date shall be subject to the satisfaction of the following conditions precedent prior to the effectiveness of any such extension: (a) (i) no Event of Default shall have occurred and be continuing on the date Borrower delivers the First Extension Notice or the Second Extension Notice, as applicable, and (ii) no Default or Event of Default shall have occurred and be continuing on the Stated Maturity Date and the First Extended Maturity Date, as applicable; (b) All amounts due and payable by Borrower and any other Person pursuant to this Agreement or the other Loan Documents as of the Stated Maturity Date or the First Maturity Date, as applicable, and all costs and expenses of Lender, including fees and expenses of Lender’s counsel, in connection with the Loan and/or the extension shall have been paid in full; (c) Borrower shall deliver an Officer’s Certificate to Lender (i) certifying that all representations and warranties set forth in this Agreement remain true, correct and complete in all material respects as of the commencement of the applicable Extension Option, and (ii) waiving any claims, counterclaims, rights of rescission, set-offs or defenses, known or unknown, against Lender as of the commencement of the applicable Extension Option. If Borrower is unable to satisfy all of the foregoing conditions within the applicable time frames for each, Lender shall have no obligation to extend the Stated Maturity Date hereunder.

  • 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.