TERMS AND EXTENSIONS Sample Clauses

TERMS AND EXTENSIONS. The initial term of this Lease shall be for a period of ten (10) years, commencing on January 7, 1986, and terminating on January 6, 1996, both dates inclusive (hereinafter referred to as the "initial term"). Provided Tenant is not in default of any terms of this Lease at the time Tenant notifies Landlord of the exercise of any option hereunder, Tenant shall have the option to extend and renew this Lease for three (3) successive periods of five (5) years each, the first of said periods of renewal and extension shall commence on January 7, 1996, and terminate on January 6, 2001, (hereinafter referred to as the "first renewal term"). The second of said periods of renewal and extension shall commence on January 7, 2001, and terminate on January 6, 2006, hereinafter referred to as the "second renewal term"). The third of said periods of renewal and extension shall commence on January 7, 2006, and terminate on January 6, 2011, (hereinafter referred to as the (third renewal term"). The options to or renew extend herein contemplated shall be exercised by Tenant by advising the Landlord by certified mail, return receipt requested as hereinafter provided not less than six (6) months prior to the expiration of the term of the lease then in effect. Each such renewal term shall be upon the same terms, covenants and conditions, excluding rent, as provided in this Lease for the initial term. Any termination of this Lease during any term shall terminate any and all further rights of renewal or extension hereunder.
View SourceView Similar (2)
TERMS AND EXTENSIONS. (a) The Term of this Agreement shall commence on the date of this set out in the opening paragraph hereof and shall terminate at midnight on the 1st day of February, 2001, unless the termination date is extended in accordance with the following paragraph. (b) The Contractor is granted the right to extend the termination date for five (5) years provided that the Contractor is not in default on any of its obligations to Licensor under the terms hereof or otherwise created and the financial condition of the Contractor to maintain a bonding capacity, is adequate to allow Contractor to perform its obligations hereunder during the extended term.
View Source

Related to TERMS AND EXTENSIONS

  • Waivers and Extensions Any party to this Agreement may waive any right, breach or default which such party has the right to waive, provided that such waiver will not be effective against the waiving party unless it is in writing, is signed by such party, and specifically refers to this Agreement. Waivers may be made in advance or after the right waived has arisen or the breach or default waived has occurred. Any waiver may be conditional. No waiver of any breach of any agreement or provision herein contained shall be deemed a waiver of any preceding or succeeding breach thereof nor of any other agreement or provision herein contained. No waiver or extension of time for performance of any obligations or acts shall be deemed a waiver or extension of the time for performance of any other obligations or acts.

  • Delays and Extensions The CONSULTANT agrees that no charges or claim for damages shall be made by it for any minor delays from any cause whatsoever during the progress of any portion of the Services specified in this Contract. Such delays, if any, shall be compensated for by an extension of time for such period as may be determined by the LPA subject to the CONSULTANT's approval, it being understood, however, that permitting the CONSULTANT to proceed to complete any services, or any part of them after the date to which the time of completion may have been extended, shall in no way operate as a waiver on the part of the LPA of any of its rights herein. In the event of substantial delays or extensions, or change of any kind, not caused by the CONSULTANT, which causes a material change in scope, character or complexity of work the CONSULTANT is to perform under this Contract, the LPA at its sole discretion shall determine any adjustments in compensation and in the schedule for completion of the Services. CONSULTANT must notify the LPA in writing of a material change in the work immediately after the CONSULTANT first recognizes the material change.

  • Expiration and Extension of the Offer (i) Unless the Offer is extended pursuant to and in accordance with this Agreement, the Offer shall expire at midnight, New York Time, on the date that is twenty (20) Business Days after the date the Offer is first commenced (within the meaning of Rule 14d-2 promulgated under the Exchange Act) (as such date and time may be extended, the “Expiration Time”). In the event that the Offer is extended pursuant to and in accordance with this Agreement, then the Offer shall expire on the date and at the time to which the Offer has been so extended. (ii) Notwithstanding the provisions of Section 2.1(d)(i) or anything to the contrary set forth in this Agreement: (A) Acquisition Sub shall extend the Offer for any period required by any Law or Order, or any rule, regulation, interpretation or position of the SEC or its staff or NASDAQ, in any such case that is applicable to the Offer; (B) in the event that any of the conditions to the Offer set forth on Annex A, other than the Minimum Condition, are not satisfied or waived (if permitted hereunder) as of any then scheduled expiration of the Offer, Acquisition Sub shall extend the Offer for successive extension periods of ten (10) Business Days each (or any longer period as may be approved in advance by the Company) in order to permit the satisfaction of all of the conditions to the Offer; and (C) in the event that all of the conditions to the Offer set forth on Annex A have been satisfied or waived (if permitted hereunder), except that the Minimum Condition has not been satisfied, as of any then scheduled expiration of the Offer, Acquisition Sub shall extend the Offer for an extension period of ten (10) Business Days (or any longer period as may be approved in advance by the Company), it being understood and agreed that Acquisition Sub shall not be required to extend the Offer pursuant to this clause (C) on more than two (2) occasions, but may, in its sole discretion, elect to do so; provided, however, that the foregoing clauses (A), (B) or (C) of this Section 2.1(d)(ii) shall not be deemed to impair, limit or otherwise restrict in any manner the right of the parties to terminate this Agreement pursuant to the terms of Article IX, and in no event shall Acquisition Sub be required to extend the Offer beyond the Termination Date. (iii) Neither Parent nor Acquisition Sub shall extend the Offer in any manner other than pursuant to and in accordance with the provisions of Section 2.1(d)(ii) without the prior written consent of the Company. (iv) Neither Parent nor Acquisition Sub shall terminate or withdraw the Offer prior to the then scheduled expiration of the Offer unless this Agreement is validly terminated in accordance with Article IX, in which case Acquisition Sub shall (and Parent shall cause Acquisition Sub to) irrevocably and unconditionally terminate the Offer promptly (but in no event more than one (1) Business Day) after such termination of this Agreement.

  • Terms and Interpretation In this Agreement:

  • Defined Terms and Interpretation 1.1 In this Agreement, save where the context requires otherwise, the following words, terms and expressions shall have the following meanings: