Additional Extension Sample Clauses

Additional Extension. If unusual or exceptional circumstances, as determined in the sole discretion of the Purchasing Director, render the exercise of an Extension Term not practicable, or if no Extension Term remains available and expiration of this Agreement would, as determined by the Purchasing Director, result in a gap in Services deemed necessary by County, then the Purchasing Director may extend this Agreement for period(s) not to exceed three (3) months in the aggregate (“Additional Extension”) on the same rates, terms, and conditions as existed at the end of the then-current term. The Purchasing Director may exercise the Additional Extension by written notice to Contractor at least thirty (30) days prior to the end of the then-current term stating the duration of the Additional Extension. The Additional Extension must be within the authority of the Purchasing Director or otherwise authorized by the Board.

Additional Extension. If unusual or exceptional circumstances, as determined in the sole discretion of the Purchasing Director, render the exercise of an Extension Term not practicable, or if no extension is available and expiration of this Agreement would, as determined by the Purchasing Director, result in a gap in the provision of Services necessary for the ongoing operations of County, then the Purchasing Director may extend this Agreement on the same terms and conditions for period(s) not to exceed three (3) months in the aggregate. The Purchasing Director may exercise this option by written notice to Contractor stating the duration of the extended period, at least thirty (30) days prior to the end of the then-current term.

Additional Extension. If unusual or exceptional circumstances, as determined in the sole discretion of the Purchasing Director, render the exercise of an Extension Term not practicable, or if no extension is available and expiration of this Agreement would, as determined by the Purchasing Director, result in a gap in the provision of services necessary for the ongoing operations of County, then the Purchasing Director may extend this Agreement on the same terms and conditions for period(s) not to exceed three (3) months in the aggregate [, provided that any such extension is within the authority of the Purchasing Director or otherwise authorized by the Board]. [add additional language if contract is not approved by the Board]. The Purchasing Director may exercise this option by written notice to Contractor stating the duration of the extended period, at least thirty (30) days prior to the end of the then-current term.

Additional Extension. In the event that (a) the Underlying Loan is not repaid in full by Underlying Borrower on the Underlying Loan Maturity Date (including any maturity date by virtue of acceleration thereof) or (b) an Underlying Loan Event of Default shall have occurred and be continuing for one hundred and twenty (120) days, the Maturity Date of the Loan may, in Lender’s sole and absolute discretion, be accelerated (if applicable) to, if as a result of the event described in (a) above, the Underlying Loan Maturity Date or, if as a result of the event described in (b) above, the date that is one hundred and twenty (120) days after the occurrence of such Underlying Loan Event of Default (whether or not the Underlying Loan Maturity Date has been accelerated); provided, however, that so long as (i) no monetary or material non-monetary Default or Event of Default then exists (other than an Event of Default solely arising from the applicable Underlying Loan Event of Default as previously described), and (ii) no Control Appraisal Event then exists, then the Maturity Date of the Loan shall automatically extend for six (6) months to permit Borrower (or Underlying Lender, Co-Lender Agent or Servicer on its behalf) to promptly commence and diligently pursue (A) a taking of title to the Mortgaged Property by foreclosure, an exercise of power of sale or deed-in-lieu thereof (in accordance with the provisions of Section 7.18) or (B) a resolution of the Underlying Loan (e.g., a restructuring or sale thereof) approved in writing by Lender in accordance with this Loan Agreement (an “Approved Underlying Loan Resolution”), provided that Borrower shall provide Lender with a satisfactory Interest Rate Protection Agreement on the Loan (in the event Borrower does not then have the benefit of interest rate protection acceptable to Lender in its sole good faith discretion under the Underlying Loan) within ten (10) days of the commencement of such six (6) month period. If Borrower (or Underlying Lender, Co-Lender Agent or Servicer on its behalf) is pursuing a foreclosure, exercise of power of sale or deed-in-lieu thereof under clause (A) of the foregoing sentence and such six (6) month period is not sufficient to consummate such foreclosure, exercise of power of sale or deed-in-lieu thereof and Lender is satisfied in its reasonable discretion that Borrower (or Underlying Lender, Co-Lender Agent or Servicer on its behalf) has promptly commenced and is diligently prosecuting efforts to consummate same,...

Additional Extension. If unusual or exceptional circumstances, as determined in the sole discretion of the Purchasing Director, render the exercise of a Renewal Term not practicable, or if no extension term is available and expiration of this Agreement would, as determined by the Purchasing Director, result in a gap in the provision of Services necessary for the ongoing operations of County, then the Purchasing Director may extend this Agreement on the same terms and conditions on a month to month basis for up to a maximum of six (6) months (“Extension Term”). The Purchasing Director may exercise this option by written notice stating the duration of the Extension Term, which notice shall be provided to PBM at least thirty (30) days prior to the end of the then-current Term. Any Extension Term shall be on the same terms and conditions as existed during the then-current term. However, if either Party proposes any changes to the terms and conditions of the Agreement that would become effective during the Extension Term, the Purchasing Director’s decision to extend the Agreement shall be subject to Board approval.

Additional Extension. Provided that Buyer has used commercially reasonable efforts to obtain the Entitlements, if the Entitlements Condition will not be satisfied by August 22, 2021, Buyer shall have the right to extend the Closing Date for one (1) additional year, until August 22, 2022, by providing written notice to Seller and Escrow Holder within sixty (60) days prior to August 22, 2021. Said notice shall also instruct Escrow Holder to immediately release to Seller from the Deposits still in Escrow the sum of One Hundred Twenty-Five Thousand Dollars ($125,000) (“Extension Release”). The Extension Release shall be treated for all purposes as an increase in the Release Deposit, all Original Agreement references to the Release Deposit as $1,300,000 shall be changed to be $1,425,000 and other related amounts shall be adjusted accordingly. Without limiting the generality of the foregoing, the parties agree that the Extension Release shall be part of the Release Deposit for purposes of the Deposit Return Obligation referenced in Original Agreement Section 1.2(b)(iv) and the Deed of Trust.

Additional Extension. In the event unusual or exceptional circumstances, as determined in the sole discretion of the Executive Director of the HFA, render the exercise of an Extension Term not practicable, or if no extension is available and expiration of this Agreement would, as determined by the Executive Director of the HFA, result in a gap in the provision of services necessary for the ongoing operations of the HFA, then the Executive Director of the HFA may extend this Agreement on the same terms and conditions for periods not to exceed six (6) months in the aggregate. The Executive Director of the HFA may exercise this option by written notice stating the duration of the extended period, which notice shall be provided to Xxxxxxxx at least thirty (30) days prior to the end of the then-current term.

Additional Extension. In the event unusual or exceptional circumstances, as determined in the sole discretion of the Purchasing Director, render the exercise of an Extension Term not practicable, or if no extension is available and expiration of this Agreement would, as determined by the Purchasing Director, result in a gap in the provision of services necessary for the ongoing operations of County, then the Purchasing Director may extend this Agreement on the same terms and conditions for period(s) not to exceed six (6) months in the aggregate. The Purchasing Director may exercise this option by written notice stating the duration of the extended period, which notice shall be provided to Contractor at least thirty (30) days prior to the end of the then- current term.

Additional Extension. If the Borrower shall exercise the -------------------- Extension Option, the Borrower may request a one-year extension of the Maturity Date, as so extended, then in effect by delivering a written request therefor to the Agent not more than six months or less than ninety days prior to such Maturity Date (a "Request to Extend"). The Lead Agent shall notify the Banks of ----------------- the receipt of such request and each Bank shall give notice in writing to the Agent not less than 60 days prior to the Maturity Date of such Bank's acceptance or rejection of such request. If all the Banks shall have notified the Agent on or prior to the date which is 60 days prior to the Maturity Date that they accept such request, the Maturity Date shall be extended for one year. If any Bank shall not have notified the Agent on or prior to the date which is 60 days prior to the Maturity Date that it accepts such request, the Maturity Date shall not be extended. The Lead Agent shall notify the Borrower whether the Request to Extend has been accepted or rejected as well as which Bank or Banks rejected the Borrower's Request to Extend. If the Request to Extend is accepted, the Maturity Date shall be extended for an additional year, provided, however, that in no event shall the Maturity Date occur later than five (5) years after the Closing Date. The effectiveness of the acceptance of the request to extend shall be subject to the following terms and conditions: (i) no Event of Default shall have occurred and be continuing either on the date the Borrower delivers the Request to Extend to the Lead Agent or on the date that this Agreement would otherwise have terminated, (ii) the Borrower shall pay the Extension Fee within five (5) Domestic Business Days after receipt of notice from the Lead Agent that the Request to Extend has been accepted, (iii) the Borrower shall be in compliance with the provisions of Section 5.8 hereof, and (iv) delivery by the Borrower of a certificate of the chief financial officer or the chief accounting officer of the Borrower, in the form of the certificates required pursuant to Section 5.1(c), confirming compliance with clauses (i) and (iii) hereof.

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