Revised Term Sample Clauses

The "Revised Term" clause defines how and when the terms of an agreement may be updated or modified during the contract period. Typically, this clause outlines the process for proposing changes, such as requiring written notice or mutual consent from all parties involved. For example, it may specify that any amendments must be agreed upon in writing to be valid. The core function of this clause is to provide a clear and structured method for altering the contract, ensuring that all parties are aware of and agree to any changes, thereby preventing misunderstandings or disputes over unauthorized modifications.
Revised Term. The term of the Employment Agreement expires on June 30, 2010. The parties are in the process of negotiating a new agreement (the “New Employment Agreement”) relating to Employee’s employment with Employer (although no such agreement is assured). In the interim, the parties wish to continue and extend the Employment Agreement. Therefore, Employers and Employee agree that the Employment Agreement shall be binding for an additional period of time, beginning with the expiration of the current term on June 30, 2010 and continuing through the earlier of July 31, 2010 or a date on which a New Employment Agreement is executed. This extension shall be on the same terms and conditions as provided in the Employment Agreement and as if set forth in this Agreement. For the avoidance of doubt, all Annual Bonus obligations under the Employment Agreement terminated as of May 30, 2010.
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Revised Term. The first paragraph of Section 7 of the Agreement (“Term”) is hereby amended and restated in its entirety as follows: “The term of this Agreement shall commence on July 1, 2021 (the “Commencement Date”) and shall continue through June 30, 2024 (the “Initial Term”), unless earlier terminated upon the first to occur of the events set forth below. On or before July 1, 2022, the Board may extend this Agreement for an additional year such that the Agreement shall continue through June 30, 2025 (the “Extended Term”) (the Initial Term and the Extended Term collectively referred to herein as the “Term”), unless earlier terminated upon the first to occur of the events set forth below. In the event the Agreement is not terminated as set forth in this Section, the Agreement shall expire and terminate automatically at the end of the Term and in accordance with the laws of the state of Nebraska. The events for which the Agreement may be terminated prior to the end of the Term are as follows:”.
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Revised Term. Pursuant to Section 11.6 of the Agreement, the first paragraph of the RECITALS section of the Agreement is hereby amended so that, as amended, such section of the Agreement reads as follows:
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Revised Term. Landlord and Tenant have agreed to extend the Term of the Existing Lease and to modify certain terms and provisions of the Existing Lease in connection therewith on the terms and conditions set forth in this Second Amendment. Notwithstanding any provision in the Existing Lease to the contrary, the Term shall be extended such that the Term Expiration Date shall be the date that is eighty-four (84) months after the Revised Term Commencement Date (as hereinafter defined), and shall be subject to further extension pursuant to Section 14 of this Second Amendment. The "Revised Term Commencement Date" shall be the later of (a) January 1, 2016 and (b) the day Landlord tenders possession of the Premises to Tenant. The "Term" in the Lease and the "Revised Term" in this Second Amendment shall mean and refer to the period of time commencing on the Revised Term Commencement Date and continuing through the Term Expiration Date, as extended by this Second Amendment, and as the same may be extended pursuant to Section 14 of this Second Amendment, and subject to the earlier termination of the Lease as therein provided. Landlord and Tenant shall execute and deliver to the other written acknowledgment of the actual Revised Term Commencement Date and the Term Expiration Date within ten (10) days after in the form provided by Landlord, which form shall be consistent with the form attached as Exhibit B to this Second Amendment. Notwithstanding anything to the contrary contained in this Second Amendment, in the event that (i) the Effective Date does not occur or (ii) Landlord fails to deliver the Premises to Tenant on or before February 1, 2016 for any reason, except for any delay caused by Tenant or an event of Force Majeure (however, Force Majeure shall not include holdover in the Premises by JCVI), then Tenant shall receive either (y) a day-for-day abatement of fifty percent (50%) of the amount of the initial Monthly Base Rent (i.e. $2,540.08 per day of delay during the month of February), if such failure to deliver is due to holdover in the Premises by JCVI or (z) a day-for-day abatement of one hundred percent (100%) of the amount of the initial Monthly Base Rent (i.e. $5,080.15 per day of delay during the month of February), if such failure to deliver the Premises is not due to holdover in the Premises by JCVI, in each case for each day after February 1, 2016 that the Effective Date does not occur or Landlord fails to deliver possession of the Premises to Tenant, which abat...
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Revised Term. Following the Relevant Period, the Consulting Agreement shall continue for a term (the “Revised Term”) extending from September 19, 2015 through such date as the Client may specify (by giving seven (7) days’ prior written notice to the Consultant) as the last day of the Revised Term. During the Revised Term, the ceiling on the Weekly Fee will be $125,000 (in lieu of $50,000).
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Revised Term. In accordance with Section 9.8 of the Warrant Agreement, the Company and the Warrant Agent hereby amend the Redemption Threshold Price effective immediately prior to the effective time of the Merger to increase it to $18.00 per share.
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Revised Term. The term of this Agreement shall be for a period of three (3) years, commencing on the 1st day of June, 1995 and expiring on the 31st day of May, 1998. There will be two (2), one year extensions, to be negotiated at a later date. Pricing will be firm for twenty four (24) months, with yearly increases thereafter as negotiated.
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Revised Term. The term of the Lease is, unless earlier terminated pursuant to any provision of this Lease, hereby extended until December 31, 2010.
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Related to Revised Term

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

  • Fixed Term This Agreement is concluded for a fixed term specified in the ‘Contract Term’ section of the Order Form. Neither Party can terminate this Agreement for convenience, however any rights of termination for cause remain unaffected.

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.