Six-Month Extension Sample Clauses

Six-Month Extension. If the Port shall elect to terminate this Agreement by reason of any default of Tenant, and a Leasehold Mortgagee shall have proceeded in the manner provided for by Section 20.3.3, the specified date for the termination of this Agreement as fixed by the Port in its Cure Notice shall be extended for a period of six (6) months, provided that such Leasehold Mortgagee, during such 6-month period: (a) Notifies the Port in writing that the Leasehold Mortgage will elect to exercise such 6-month extension; and (b) Pays or causes to be paid Base Rent and other monetary obligations of Tenant under this Agreement as the same become due, including the payment of any sums due under any Leasehold Mortgage; and (c) Continues its good faith efforts to perform all of Tenant’s other obligations under this Agreement and diligently prosecutes to completion full cure of all uncured defaults, including during any period during which the Leasehold Mortgagee has possession of the Premises the obligation to operate and maintain the Project and Premises in accordance and full compliance with all terms and conditions of this Agreement.

Six-Month Extension. If the City requests a Six-Month Extension, the second paragraph in Lease subsection 7.A(2) (Lessee’s Capital Improvements) shall be modified to require Lessee to expend an additional three hundred fifty thousand dollars ($350,000), for a total expenditure of five million three hundred fifty thousand dollars ($5,350,000) for Capital Improvements Funds, and to do so by March 31, 2023 instead of by September 30, 2022.

Six-Month Extension. If the City requests a six-month Term extension, the Term shall be extended from twenty-five (25) years to twenty-five (25) years and six (6) months (“Six-Month Extension”).

Six-Month Extension. If the City requests a Six-Month Extension, Lessee must, within 45 days following the date of City’s request, submit a scope of work for expenditure of three hundred fifty thousand dollars ($350,000) in addition to the five million dollars ($5,000,000) specified therein for Capital Improvement Projects for City authorization; and the second to last sentence shall be amended to provide that Lessee shall not be obligated to expend any amount in excess of the amended total of five million three hundred fifty thousand dollars ($5,350,000) of the Capital Improvements Funds on Capital Improvement Projects. If the City terminates the Lease before the expiration of the Six-Month Extension, Lessee shall only be responsible for a prorated amount of the additional expenditure, calculated as one-sixth (1/6) of three hundred fifty thousand dollars ($350,000) for each month, including partial months, that the Six- Month Extension is in effect. If ▇▇▇▇▇▇ has invested more than the three hundred fifty thousand dollars ($350,000) at expiration of the Lease or more than the prorated portion in the case of early Lease termination due to an emergency event requiring additional expenditure of Capital Improvement Funds authorized in writing in advance by the City, the City shall remit to Lessee an amount equal to the difference between such amount and the actual amount that Lessee invested pursuant to the City’s authorization within thirty (30) days of Lease expiration. The terms and conditions set forth in this paragraph will survive termination or expiration of the Lease.