Your option to increase Clause Samples

The "Your option to increase" clause grants one party the right to unilaterally increase a specified aspect of the agreement, such as the quantity of goods ordered, the scope of services, or the contract value, within certain limits. Typically, this clause outlines the conditions under which the increase can be exercised, such as providing advance written notice or adhering to a maximum allowable increase. Its core practical function is to provide flexibility for the party holding the option, allowing them to adjust the agreement to meet changing needs without renegotiating the entire contract.
Your option to increase. At any time during the term of the loan, you can prepay by asking us to increase the instalment by any amount. You don't have to pay us a prepayment charge. Your option, after an increase, to lower the instalment. After an increase under your option to increase the instalment, at any time during the term of the loan, you can ask us to lower the instalment. We don't have to lower the instalment if that would make the remaining actual amortization period after the change longer than the remaining contractual amortization period for the mortgage when you and we enter into the agreement to make the change. How we make the change. When we increase or lower the instalment under this section 9.6, the terms of section 9.20 apply.
View SourceView Similar (10)
Your option to increase. At any time during the term of the loan, you can prepay by asking us to increase the instalment by any amount. You don't have to pay us a prepayment charge.
View SourceView Similar (5)

Related to Your option to increase

  • Our Option If we give you written notice within 30 days after we receive your signed, sworn proof of loss, we may repair or replace any part of the damaged property with material or property of like kind and quality.

  • Vote to Increase Authorized Common Stock Each Stockholder agrees to vote or cause to be voted all Shares owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to increase the number of authorized shares of Common Stock from time to time to ensure that there will be sufficient shares of Common Stock available for conversion of all of the shares of Preferred Stock outstanding at any given time.

  • Amendment of Option The Company may alter, amend, or terminate the Option only with the Optionee's consent, except for adjustments expressly provided by this Agreement.

  • Term of Option This Option may be exercised only within the term set out in the Notice of Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement.

  • Data for Option W1 W1.1 The Adjudicator the person selected from the ICE-SA Division (or its successor body) of the South African Institution of Civil Engineering Panel of Adjudicators by the Party intending to refer a dispute to him. (see ▇▇▇.