Renewals or Extensions Sample Clauses

The 'Renewals or Extensions' clause defines the terms under which an agreement may be continued beyond its original expiration date. Typically, this clause outlines whether renewals are automatic or require notice from one or both parties, and may specify the duration and conditions of each renewal period. Its core practical function is to provide a clear process for extending the contractual relationship, thereby preventing uncertainty or disputes about the continuation of the agreement.
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Renewals or Extensions. Licensee and Licensor may mutually agree to extend the Term at or prior to the expiration of this Agreement; provided, that in the event such Term is not extended, Licensee acknowledges Licensee’s obligations to discontinue all uses of the Marks required under Section 8.4. For the avoidance of doubt, Licensor shall have no obligation to agree to any extension of this Agreement.
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Renewals or Extensions. Requests for renewals or extensions beyond these limits will be granted at the discretion of the School Committee. After two (2) years of any Leaves of Absence, as referred in Section A -2, Section C, Section E, and Section O, the Committee will not be required to restore such benefits to the employee.
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Renewals or Extensions. Each time a tenant renews or extends their lease agreement, ▇▇▇▇▇▇ Properties will charge a Renewal Commission equivalent to 1% of the total lease revenue generated for that signed extension. This charge will be paid the following month after the extended lease agreement has been executed. Example: A tenant renews their lease agreement for an additional 12 months paying $1,500 per month in rent. This will generate the owner $18,000.00 in gross revenue, ▇▇▇▇▇▇ Properties will charge 1% (One Percent) of that $18,000.00 for a total commission payable upon execution of $180.00. The minimum renewal fee is $120.00 and will be pro-rated for shorter than 12 month lease extensions.
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Renewals or Extensions. The Lease provides for the following rights of extension or renewal for consecutive terms as follows: (i) commencing on the expiration date of the Initial Term and expiring five (5) years thereafter ("First Extension Period"), (ii) commencing on the expiration date of the First Extension Period and expiring five (5) years thereafter ("Second Extension Period"), and (iii) commencing on the expiration date of the Second Extension Period and expiring fifty-nine (59) months thereafter.
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Renewals or Extensions. I agree that you may renew or extend the maturity of this note one or more times, in your sole discretion, without affecting my liability or that of any other party responsible for the repayment of this note, and I further agree that you may renew or extend the maturity of this note without in any way affecting your right to or lien upon any property given as collateral for this note.
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Related to Renewals or Extensions

  • Renewal, Extension or Rearrangement All provisions of this Agreement relating to Obligations shall apply with equal force and effect to each and all promissory notes executed hereafter which in whole or in part represent a renewal, extension for any period, increase, or rearrangement of any part of the Obligations originally represented by any part of such other Obligations.

  • 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.

  • EXTENSION OF USE The Contract may be extended to additional States or governmental jurisdictions upon mutual written agreement between New York State (the lead contracting State) and the Contractor. Political subdivisions and other authorized entities within each participating State or governmental jurisdiction may also participate in the Contract if such State normally allows participation by such entities. New York State reserves the right to negotiate additional minimum NYS Vehicle Discounts based on any increased volume generated by such extensions.

  • No Extensions The period of time within which the Extension Right may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise the Extension Right.

  • Extensions If a Registry Operator offers additional Registry Services that require submission of additional data, not included above, additional “extension schemas” shall be defined in a case by case basis to represent that data. These “extension schemas” will be specified as described in Part A, Section 9, reference 2 of this Specification. Data related to the “extensions schemas” will be included in the deposit file described in Part A, Section 3.1 of this Specification. ICANN and the respective Registry Operator shall work together to agree on such new objects’ data escrow specifications.