Common use of Amortization Period Extensions Clause in Contracts

Amortization Period Extensions. (i) In the event that Purchaser does not extend the Current Availability Period in accordance with Article 3(f), upon the written request of Seller to extend the Termination Date and provided that all of the extension conditions listed in clause (ii) below (collectively, the “Amortization Period Extension Conditions”) shall have been satisfied, Purchaser shall extend the then-current Termination Date (each, a “Current Termination Date”) by twelve (12) months from the Current Termination Date. Notwithstanding anything to the contrary herein, in no event shall the Termination Date be extended more than two (2) times pursuant to this Article 3(g). Each extension of the Termination Date pursuant to this Article 3(g) shall be subject to the payment of the Termination Date Extension Fee and the satisfaction of conditions described below. On the first day of the initial Amortization Period and every six (6) months thereafter, the aggregate outstanding Purchase Price for all Purchased Assets shall be reduced by five percent (5.0%) of such aggregate outstanding Purchase Price.