Options for Extensions Sample Clauses

Options for Extensions. Subject to approval by the Long ---------------------- Beach City Council and subject to the review by Landlord of Lease provisions pursuant to Section 37380(b)(1) of the Government Code, Developer shall have an option for four (4) Lease extensions of ten (10) years each and a final Lease extension of nine (9) years, so that the total possible duration of this Lease will be ninety-nine (99) years. Developer may request at any time after six (6) months following the effective date of this Lease that Landlord formally consider the granting of such Lease extensions, and Landlord shall act upon such request within ninety (90) days after receipt thereof.
Sample 1
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Options for Extensions. If the Bank shall comply with and not be in default of any of the terms, provisions and conditions of this Sublease, then, subject to the terms and conditions of the Master Lease and Master Sublease, Bank shall have an option to extend this Sublease for (i) an additional consecutive term beginning on the next succeeding day after the expiration of the Original Term and ending on January 29, 2008 ("First Extended Term"); (ii) an additional consecutive term of five (5) years commencing at the expiration of the First Extended Term ("Second Extended Term"); and an additional consecutive term of five (5) years commencing at the expiration of the Second Extended Term ("Third
Sample 1
Options for Extensions. Subject to approval by the Board of ---------------------- Water Commissioners of the City of Long Beach and subject to the review by Landlord of Lease provisions pursuant to Section 37380(b)(l) of the Government Code, Developer shall have an option for four (4) Lease extensions of ten (10) years each and a final Lease extension of nine (9) years, so that the total possible duration of this Lease will be ninety-seven (97) years. Developer may request at any time that Landlord formally consider the granting of such Lease extensions, and Landlord shall act upon such request within ninety (90) days after receipt thereof. Any such request is to be made concurrently with a similar request under the Existing City of Long Beach Ground Lease. If authority is not given to exercise options to extend the term of this lease to July 17, 2084, Developer shall have the option to extend the term of this lease to a total of fifty (50) years. This latter option shall be exercised, if at all, in writing, prior to the end of the term of the lease.
Sample 1
Options for Extensions. Lessee shall have options to extend this Lease for six (6) additional consecutive terms of five (5) years each (individually, an “Additional Term” and, collectively, the “Additional Terms”) commencing at the expiration of the Original Term or the prior Additional Term at the rental rate (subject to adjustment as provided herein) and subject to all of the other terms, covenants and conditions contained in this Lease, all of which shall be applicable to the Additional Terms. The Original Term and any Additional Term the option for which is exercised may be referred to hereinafter collectively as the “Demised Term”. The option to extend the term of this Lease may be exercised only if no Event of Default (as hereinafter defined) exists at the date of exercise or at the end of the Original Term or the current Additional Term, if applicable. Notice of the exercise of an option to extend the term of this Lease shall be received by the Commission no later than one year prior to the expiration of the Original Term or the then current Additional Term (the “Notice Date”). If such notice is not given by the Notice Date, the Lease shall terminate as of the end of the then current term. If such notice is given by the Notice Date, the Lease, without further action by the parties, shall be automatically extended for the Additional Term.
Sample 1
Options for Extensions. If the Bank shall comply with each of the terms, provisions and conditions of this Sublease, then, subject to the terms and conditions of the Leases, Bank shall have an option to extend this Sublease for two (2) additional consecutive terms of five (5) years each commencing at the expiration of the Original Term as applicable to such extension. The extended term or terms may be referred to hereinafter as the "Extended Term or Extended Terms". The Original Term and any Extended Term may be referred to hereinafter collectively as the "Granted Term". Notice of intention to exercise any extension above described shall be given by Bank to Buxxxxx xn writing at least ninety (90) days before the expiration of the Original Term or the prior Extended Term, and if the Bank fails to give any such notice within the time limited, any subsequent option or options to extend shall expire and be of no force or effect.
Sample 1

Related to Options for Extensions

  • Requests for Extension The Borrower may, by notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than 90 days and not later than 35 days prior to an anniversary of the Closing Date (each, an “Applicable Anniversary Date”), request that each Lender extend such Lender’s Maturity Date for an additional year from the Maturity Date then in effect for such Lender hereunder (such Lender’s “Existing Maturity Date”). The Borrower may request such an extension no more than two times.

  • Request for Extension The Borrower may, by notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than 60 days and not later than 30 days prior to each anniversary of the date of this Agreement (each such date, an “Extension Date”), request that each Lender extend such Lender’s Maturity Date to the date that is one year after the Maturity Date then in effect for such Lender (the “Existing Maturity Date”).

  • Debits for expenses etc The Agent shall be entitled (but not obliged) from time to time to debit any Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

  • Responsibility for Expenses Vanguard will provide, at its own expense, the office space, furnishings and equipment and the personnel required by it to perform its responsibilities under this Agreement.

  • Reimbursement for Expenses The Manager shall not be compensated for its services as Manager of the Company except as expressly provided in this Agreement. The Members acknowledge and agree that, upon consummation of the IPO, the Manager’s Class A Common Stock will be publicly traded and therefore the Manager will have access to the public capital markets and that such status and the services performed by the Manager will inure to the benefit of the Company and all Members; therefore, the Manager shall be reimbursed by the Company for any reasonable out-of-pocket expenses incurred on behalf of the Company, including without limitation all fees, expenses and costs associated with the IPO and all fees, expenses and costs of being a public company (including without limitation public reporting obligations, proxy statements, stockholder meetings, stock exchange fees, transfer agent fees, legal fees, SEC and FINRA filing fees and offering expenses) and maintaining its corporate existence. For the avoidance of doubt, the Manager shall not be reimbursed for any federal, state or local taxes imposed on the Manager or any subsidiary of the Manager (other than taxes paid by the Manager on behalf of the Company and any subsidiary of the Company but only if the taxes paid were the legal liability of the Company and/or any subsidiary of the Company). In the event that shares of Class A Common Stock are sold to underwriters in the IPO (or in any subsequent public offering) at a price per share that is lower than the price per share for which such shares of Class A Common Stock are sold to the public in the IPO (or in such subsequent public offering, as applicable) after taking into account underwriters’ discounts or commissions and brokers’ fees or commissions (such difference, the “Discount”) (i) the Manager shall be deemed to have contributed to the Company in exchange for newly issued Common Units the full amount for which such shares of Class A Common Stock were sold to the public and (ii) the Company shall be deemed to have paid the Discount as an expense. To the extent practicable, expenses incurred by the Manager on behalf of or for the benefit of the Company shall be billed directly to and paid by the Company and, if and to the extent any reimbursements to the Manager or any of its Affiliates by the Company pursuant to this Section 6.06 constitute gross income to such Person (as opposed to the repayment of advances made by such Person on behalf of the Company), such amounts shall be treated as “guaranteed payments” within the meaning of Code Section 707(c) and shall not be treated as distributions for purposes of computing the Members’ Capital Accounts.

  • Requests for Compensation A certificate of the Lender claiming compensation under this Article III and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error. In determining such amount, the Lender may use any reasonable averaging and attribution methods.

  • Time for Exercise Optionee may elect to exercise the options at the times and for the number of shares indicated as follows:

  • Procedures for Exercise The manner of exercising the Stock Option herein granted shall be by written notice to the Secretary of the Company at the time the Stock Option, or part thereof, is to be exercised, and in any event prior to the expiration of the Stock Option. Such notice shall state the election to exercise the Stock Option, the number of shares of Stock to be purchased upon exercise, the form of payment to be used, and shall be signed by the person so exercising the Stock Option.

  • INDEMNIFICATION FOR EXPENSES OF A WITNESS Notwithstanding any other provision of this Agreement except for Section 27, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness or deponent in any Proceeding to which Indemnitee was or is not a party or threatened to be made a party, Indemnitee shall, to the fullest extent permitted by applicable law, be indemnified, held harmless and exonerated against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith.

  • Compensation for Consulting Services For each quarter (i.e., three-month period) that Executive provides consulting services to MediciNova pursuant to the option of MediciNova contained in Section 9 above, MediciNova shall pay Executive a sum equal to fifteen percent (15%) of Executive’s annual Base Compensation which shall be applicable at the time of Executive’s termination of employment with MediciNova (prorated for any period of less than a quarter). The parties expressly agree that when Executive is performing consulting services for MediciNova, Executive is acting as an independent contractor. Therefore, Executive shall be solely liable for Social Security and income taxes that result from Executive’s compensation as a consultant. In addition, Executive shall not be entitled to any other benefits including, without limitation, such group medical, life and disability insurance and other benefits as may be provided to employees and/or executives of MediciNova.

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