Second Extension. At any time between the 10th and 11th month of the First Extension and provided (i) no event of default exists under the Loan, (ii) the Debt Service Coverage at the Property is at least 1.50x, (iii) the loan to value ratio is not greater than 55%, and (iv) Borrower pays an extension fee in the amount of .50% of the then-current outstanding principal amount of the Loan, Borrower will have the option to extend the then-existing Term for an additional 12-month extension term (the “Second Extension”) on the same terms and conditions as the First Extension.
Second Extension. So long as no Event of Default or Default shall be in existence on the date on which notice is given in accordance with the following clause (i) and on the Maturity Date (as extended in accordance with Section 2.20(a)), Borrower may extend the Maturity Date to June 27, 2024, upon satisfaction of the following: (i) delivery of a written request to Administrative Agent at least sixty (60) days, but no more than one hundred twenty (120) days, prior to the Maturity Date then in effect; (ii) payment to Administrative Agent for the benefit of the Lenders of a facility extension fee equal to twenty (20) basis points of the aggregate Commitments of the Lenders, which fee shall be payable on or before the then applicable Maturity Date; and (iii) payment by Borrower of all fees and expenses to Administrative Agent and the Lenders to the extent then due. Such extension shall be evidenced by delivery of written confirmation of the same by Administrative Agent to Borrower.
Second Extension. Upon request of the Teacher, made at any time after the commencement of the first extension and thirty (30) days prior to its expiry, the Board shall grant a further extension of such leave for one additional school year.
Second Extension. Provided that the Borrower has extended the Termination Date in accordance with Section 2.16(a), then at least 30 days but not more than 90 days prior to the Termination Date as so extended, the Borrower, by written notice to the Administrative Agent, may request, with respect to the Commitments then outstanding, a single one-year extension of the Termination Date. The Administrative Agent shall promptly notify each Lender of such request and the Termination Date in effect at such time shall, effective as at the Termination Date (the “Second Extension Date”), be extended for an additional one year period, provided that, on the Second Extension Date the following statements shall be true and the Administrative Agent shall have received for the account of each Lender Party a certificate signed by a duly authorized officer of the Borrower, dated the Second Extension Date, stating that: (x) the representations and warranties contained in Section 4.01 are true and correct on and as of the Second Extension Date (except to the extent that such representations and warranties relate solely to an earlier date (in which case such representations and warranties shall have been true and accurate on and as of such earlier date)), and (y) no Default has occurred and is continuing or would result from such extension. In the event that an extension is effected pursuant to this Section 2.16(b), the aggregate principal amount of all Advances shall be repaid in full ratably to the Lenders on the Termination Date as so extended. As of the Second Extension Date, any and all references in this Agreement, the Notes, if any, or any of the other Loan Documents to the “Termination Date” shall refer to the Termination Date as so extended.
Second Extension. 7.2.1 If a Borrower has extended the original Final Maturity Date pursuant to Clause 7.1.1, to the extent that no Default has occurred and is continuing at the time, a Borrower may request that the Final Maturity Date for Facility A be extended for a further period of 12 Months (the Second Extension Period) by giving written notice to the Lender at any time before the date which is no later than 3 Months before the expiry of the First Extension Period.
Second Extension. Buyer shall have the right to extend the Closing Date until December 31, 2000 upon payment of an additional deposit of $1,000,000 in cash (making the total deposit $4,150,000)."
Second Extension. The Term of the Lease is hereby extended for a period of 120 months and shall expire on December 31, 2019 (“Second Extended Termination Date”), unless sooner terminated in accordance with the terms of the Lease. That portion of the Term commencing the day immediately following the Prior Termination Date (“Second Extension Date”) and ending on the Second Extended Termination Date shall be referred to herein as the “Second Extended Term.”
Second Extension. Subject to clause 19.04 and upon the written request of the teacher made at least thirty (30) days prior to the expiry of the first extended parental leave, the Board shall grant a second extended parental leave until the end of the Christmas break next following, or until August 31 next following.
Second Extension. A teacher returning from a second extension shall be reassigned to the jurisdiction of the same curriculum support unit in which was located the school or other position to which the teacher had been assigned prior to such leave but this shall not prevent the teacher from applying for a transfer in accordance with Article 7.
Second Extension. On or about July 1, 2022, provided the CITY 11 determines that the CONTRACTOR has not failed to meet and maintain the minimum diversion 12 requirements set forth in Article 5 for two (2) consecutive years and has met the service 13 requirements in this Agreement, the CITY shall be obligated to offer the CONTRACTOR in 14 writing a three (3) year extension of this Agreement. CONTRACTOR shall provide written notice 15 to the CITY as to whether CONTRACTOR accepts or rejects the CITY’s offer within twenty (20) 16 Work Days of the date of the offer. If CONTRACTOR fails to provide such notice to the CITY 18 have no obligation to extend the term of this Agreement beyond June 30, 2024. If the term of 19 this Agreement is extended, the compensation provisions of Article 4 shall not be subject to 20 negotiation. However, the compensation payable to CONTRACTOR shall be adjusted annually 21 throughout the extended term as provided in Article 4.
