Further Extension. Bank may extend any Relief Period or grant further temporary CashFlow Relief including a further suspension of payment obligations, at the Bank’s sole discretion, should the current Covid-19 pandemic continue. The Bank will notify the Borrower should such an extension be granted, setting out the new payment arrangement. The Bank may withdraw the original CashFlow Relief or any further CashFlow Relief at any time.
Further Extension. The Extended Term set forth in Amendment 9 is hereby extended an additional six months, now expiring at 11:59 p.m. eastern time, April 30, 2010 (“Further Extension”).
Further Extension. If at the end of such six (6) month period such Leasehold Mortgagee is complying with this Lease, it shall not then terminate; and the time for completion by such Leasehold Mortgagee of proceedings pursuant to Section 6.06.1 above shall continue so long as such Leasehold Mortgagee is enjoined or stayed and thereafter for so long as such Leasehold Mortgagee proceeds to complete steps to acquire or sell Tenant's interest in this Lease by Foreclosure of the Leasehold Mortgage or by other appropriate means with reasonable diligence and continuity. Nothing in this Section 6.06, however, shall be construed to extend this Lease beyond the Term hereof, as may be extended by any options to extend the Term of this Lease properly exercised by Tenant or a Leasehold Mortgagee in accordance with Section 1.06 of this Lease, nor to require a Leasehold Mortgagee to continue such Foreclosure proceedings after the default has been cured. If the default shall be cured and the Leasehold Mortgagee shall discontinue such Foreclosure proceedings, this Lease shall continue in full force and effect as if Tenant had not defaulted under this Lease.
Further Extension. Tenant acknowledges and agrees that, notwithstanding anything in the Lease to the contrary, Tenant shall have no further right to extend the term of the Lease beyond the Additional Term. Accordingly, on or before June 30, 2020, Tenant shall quit, vacate and yield-up the Premises in broom clean condition and free from all personal property, furniture, fixtures, inventory and equipment and otherwise in accordance with the surrender provisions of the Lease, including, without limitation, the decommissioning requirements set forth in Section 29.11(f) of the Lease and Section 8 of the Second Amendment.
Further Extension. Tenant has the option to further extend the term until December 31, 2013 (“Long Term Extension”) with the same Base Rate as quoted above with the premises in “as-is” condition. This Long Term Extension has to be signed by Tenant on or before January 31, 2013 by 6:00pm EST.
Further Extension. As disclosed in the Announcements, the purpose of the Loan is for Medical Recovery to purchase the issued ordinary shares of the Company for employee retention and incentive purposes and the monies borrowed under the Facility Agreement are to be applied towards financing the purchase of Shares and the fees and expenses incurred by it relating to such purchase for employee retention and incentive purposes. The Loan was extended from the Original Maturity Date to the Extended Final Maturity Date, being 17 July 2020. On 17 July 2020, Medical Recovery issued a Second Notice of Extension, requesting that the maturity date of the Loan be further extended for one year to the Further Extended Final Maturity Date. Upon acknowledgment of the terms of the Second Notice of Extension, Strategic International agreed to the Second Extension. Pursuant to the Second Notice of Extension, the maturity date of the Loan shall be further extended to the Further Extended Final Maturity Date, being 17 July 2021. Medical Recovery will, within three Business Days of demand, pay to Strategic International the amount of all costs and expenses (including legal fees) reasonably incurred by Strategic International in connection with the Second Extension. Save as disclosed herein, the Facility Agreement shall remain in full force and effect notwithstanding the Second Extension. For details of the terms of the Facility Agreement and the Extension, please refer to the Announcements.
Further Extension. Regardless of whether or not the State exercises its option at Clause 5.2, the parties may agree to extend the operation of this Agreement for an additional term to be agreed, in which case each party must do all things reasonably necessary (at its own cost in all respects) to record and give effect to that extension.
Further Extension. Tenant acknowledges and agrees that, notwithstanding anything in the Lease to the contrary, Tenant shall have no further right to extend the term of the Lease beyond the Additional Term. Accordingly, (a) Section 29.15 of the Lease is hereby deleted, and (b) on or before June 30, 2018, Tenant shall quit, vacate and yield-up the Premises in broom clean condition and free from all personal property, furniture, fixtures, inventory and equipment and otherwise in accordance with the surrender provisions of the Lease, including, without limitation, the decommissioning requirements set forth in Section 29.11(f) of the Lease and Section 8 of the Second Amendment.
Further Extension. In the event that a monthly extension (the “Extension”) of the time available under Purchaser’s Organizational Documents for Purchaser to complete the Business Combination is sought by Purchaser pursuant to approval by Purchaser’s shareholders at a duly called general meeting of shareholders, Purchaser may seek a loan from the Company for such Extension and shall give advance written notice of at least five (5) business days prior to the deadline for the Company’s loan obligations hereunder to the Company requiring the Company to provide a loan for the payment of costs derived from the additional premium to be paid to the shareholders of Purchaser in connection with such Extension (the “Redemption Payments”), and the Company shall thereafter as soon as reasonably practicable, but in no event later than two (2) business days prior to the time such Redemption Payments are due and payable, provide such loan for an Extension in the amount of up to $20,000 per monthly Extension. For avoidance of doubt, the Company shall not be responsible for any costs with respect to the holding of a general meeting of shareholders or any other administrative expenses and professional fees relating to an Extension. Any loan by the Company made pursuant to this Section shall be evidenced by a promissory note in the form attached hereto as Exhibit A and shall be duly executed by the Purchaser and the Company. Notwithstanding anything to the contrary herein, the Company shall not be required to make separate Extension loans pursuant to this Section beyond the Outside Date.
Further Extension. In the event that a monthly extension (the “Extension”) of the time available under Purchaser’s Organizational Documents for Purchaser to complete the Business Combination is sought by Purchaser pursuant to approval by Purchaser’s shareholders at a duly called general meeting of shareholders, Purchaser may seek a loan from the Company for such Extension and shall give advance written notice of at least five (5) business days prior to the deadline for the Company’s loan obligations hereunder to the Company requiring the Company to provide a loan for the payment of costs derived from the additional premium to be paid to the shareholders of Purchaser in connection with such Extension (the “Redemption Payments”), and the Company shall thereafter as soon as reasonably practicable, but in no event later than two (2) business days prior to the time such Redemption Payments are due and payable, provide such loan, subject to the following: (i) with respect solely to the initial Extension, the Company shall make a loan to Purchaser in an amount of $40,000 to be applied towards Redemption Payments for such Extension, and Purchaser shall pay the balance of the Redemption Payments; (ii) following the initial Extension, the Company shall loan Purchaser $40,000 for each subsequent Extension to be applied towards Redemption Payments and Purchaser shall pay the balance of the Redemption Payments; provided, however, in the event that the Company has secured a loan for working capital purposes (a “Working Capital Loan”) prior to the date the Redemption Payments are due and payable, the Company shall loan to Purchaser $80,000 to be applied towards Redemption Payments in connection with each subsequent Extension. For the avoidance of doubt, the Company shall not be responsible for any costs with respect to the holding of a general meeting of shareholders or any other administrative expenses and professional fees relating to an Extension. Any loan by the Company made pursuant to this Section shall be evidenced by a promissory note in the form attached here to as Exhibit A and shall be duly executed by the Purchaser and the Company. Notwithstanding anything to the contrary herein, the Company shall not be required to make more than six (6) separate Extension loans pursuant to this Section.
