Common use of Term Extended Clause in Contracts

Term Extended. Notwithstanding anything herein to the contrary, and provided Purchaser furnishes written notice to the Restricted Parties of its objection to a breach of this Agreement, the Term shall be automatically extended with respect to a particular Restricted Party by a period of time equal to any and all times during which such particular Restricted Party is found to be in breach of this Agreement.

Appears in 1 contract

Sources: Asset Purchase Agreement (LMP Automotive Holdings, Inc.)

Term Extended. Notwithstanding anything herein to the contrary, and provided Purchaser furnishes written notice to the Restricted Parties of its objection to a breach of this Agreement, the Term shall be automatically extended with respect to a particular Restricted Party by a period of time equal to any and all times during which such particular the Restricted Party is Parties are found to be in breach of this Agreement.

Appears in 1 contract

Sources: Asset Purchase Agreement (LMP Automotive Holdings, Inc.)