Automatic Extensions definition
Examples of Automatic Extensions in a sentence
Unless expressly stated otherwise, any amounts payable under these Automatic Extensions are included within ‘What We Will Pay – A.
Note: Please see Section 2: Automatic Extensions, ‘Criminal Court Action/Inquiries/Inquests’.
The following exclusions apply to Section 1: Cover For The Insured Vehicle, Section 1: Automatic Extensions, and Section 1: Optional Extensions.
Automatic Extensions will be granted for a) the school rescheduling course dates past the Completion Deadline, and b) the school rescheduling course dates past the expiration of the extension period.
The following exclusions apply to Section 2: Liability Cover, and Section 2: Automatic Extensions.
Sponsor agrees that during the Interim Period, it will loan to SPAC as zero interest working capital loans (as described in the IPO prospectus) any amounts required to be deposited into the Trust Account in connection with the Automatic Extensions in accordance with the terms of SPAC’s Organizational Documents, with such loans to be deemed additional Affiliate Loans for purposes of this Agreement.
Upon completion of the first contract year on June 30, 2015, the Board will consider amending the Contract to a three (3) year Contract with Automatic Extensions.
During the two (2) month period following the notice of intent to terminate further Automatic Extensions, the parties shall meet and negotiate in good faith at the request of either party.
Either party may terminate this Automatic Extension provision by giving the other party both (i) written notice of intent to terminate further Automatic Extensions on or before any February 28, and (ii) written notice of termination of further Automatic Extensions on or before the next-succeeding April 30 (“Extension Termination Deadline”).
If the notice of termination of further Automatic Extensions is given, the Automatic Extension provision described in this Section 3.02B only shall terminate and be of no further force or effect, and all other provisions of this Agreement shall remain in full force and effect for the balance of the Term then outstanding.