Examples of Extension Conditions in a sentence
If any Extension Option is not timely exercised or if the Extension Conditions are not met with respect to any Extension Term, such Extension Option or Extension Term and all further Extension Options and Extension Terms shall be deemed null and void.
If the City Council determines Developer is in compliance with this Agreement and all other Extension Conditions have been satisfied, then the City Council shall direct the City Manager that upon Developer’s payment of any remaining Contributions necessary to obtain the extension, the City Manager shall provide written notice, in a recordable form, that the applicable Extension Request has been granted and the Term shall be extended accordingly.
If the City Council determines Developer is in compliance with this Agreement and all of the applicable Extension Conditions have been satisfied, then, the City Council shall direct the City Manager to grant the Extension Request and, upon Developer’s payment of any remaining Contributions necessary to obtain the extension, provide written notice, in a recordable form, that the applicable Extension Request has been granted and the Term shall be extended accordingly.
Developer shall have 60 days following the City Council’s action to take the steps necessary to satisfy the applicable Extension Conditions (including the terms and provisions of this Agreement), and to submit a revised Extension Request documenting such compliance (“Revised Extension Request”).
If the City Council determines Developer is not in compliance with this Agreement or one or more of the applicable Extension Conditions have not been satisfied, then the City Council shall document such findings in its action denying the Revised Extension Request.