Terms of Extension. The terms of each extension of any applicable Existing Maturity Date shall be determined by Borrower and the applicable extending Lenders and set forth in an amendment (an “Extension Amendment”); provided that, (i) the extended Loans and Commitments will rank pari passu in right of payment and with respect to security with the other Loans and Commitments and the Borrower and Guarantors of the extended Loans and Commitments shall be the same as the Borrower and Guarantors with respect to the other Loans and Commitments, (ii) the interest rate margin, rate floors, fees, original issue discount and premium applicable to any extended Loans and Commitments shall be determined by the Borrower and the applicable extending Lenders, (iii) all borrowings under extended Revolving Commitments, reductions of extended Revolving Commitments, and repayments thereunder shall be made on a pro rata basis with all other Revolving Commitments (except for (I) payments of interest and fees at different rates on extended Revolving Commitments (and related Revolving Loans) and (II) repayments required upon the Maturity Date of the non-extended Revolving Commitments), (iv) extended Term Loans may have call protection as may be agreed by the Borrower and the extending Lenders thereof; provided that no extended Term Loan may be optionally prepaid prior to the date on which the non-extended Term Loans are repaid in full, unless such optional prepayment is accompanied by at least a pro rata optional prepayment of such non-extended Term Loans, (v) all or any of the scheduled amortization payments of principal of an extended Term Loan may be delayed to later dates than the scheduled amortization payments of principal of the non-extended Term Loans, (vi) in no event shall the final maturity date of any extended Term Loan at the time of establishment thereof be earlier than the then latest Maturity Date of any then-existing Term Loan hereunder, (vii) in no event shall the final maturity date of any extended Revolving Loan at the time of establishment thereof be earlier than the then latest Maturity Date of any then-existing Revolving Loan hereunder, (viii) the weighted average life to maturity of any extended Term Loan at the time of establishment thereof shall be no shorter than the remaining weighted average life to maturity of any then-existing Term Loan hereunder, (ix) any extended Term Loan may participate on a pro rata basis or less than a pro rata basis (but not greater than a pro r...
Terms of Extension. In the event the applicable option is exercised in a timely fashion, the Lease shall be extended for the term of the applicable extension period upon all of the terms and conditions of this Lease.
Terms of Extension. The term of the Addendum is deemed retroactively to have commenced on May 9, 2007, the same date as the Original Lease and for the same duration, terminating on May 8, 2056 with the same option to extend the term of the lease on the Extension for an additional period of 49 years.
Terms of Extension. The Extended Term shall be upon the same terms and conditions as are set forth herein for the Initial Term of this Lease, except that the Lease Year Base Rent payable in the first Lease Year of each Extended Term pursuant to this Lease shall be an annual amount computed by multiplying the Base Rent of the preceding Lease Year by 102.5% (the “Extended Term Base Rent”). The Extended Term Base Rent for each Lease Year of the Extended Term succeeding the first Lease Year during the Extended Term shall be an amount computed by multiplying the Extended Term Base Rent of the preceding Lease Year by 102.5%. The Base Rent payments due for the Extended Term are set forth on Exhibit “A-2.” ARTICLE EIGHTEEN Relocation of Tenant
Terms of Extension. With respect to all Extensions consummated by the Borrower pursuant to this Section 2.26, (i) such Extensions shall not constitute voluntary or mandatory payments or prepayments for purposes of Sections 2.11, 2.12, 2.18 or 12.7, (ii) each Extension Offer is required to contain a condition (a “Minimum Extension Condition”) to consummating any such Extension that a minimum amount (to be determined and specified in the relevant Extension Offer in the Borrower’s discretion) of any or all applicable Tranches be tendered and (iii) in the case of an Extension Offer with respect to Revolving Commitments, if the amount extended is less than the L/C Commitment and/or the Swingline Commitment, the L/C Commitment and/or the Swingline Commitment shall be reduced ratably (or as otherwise agreed by the Issuing Lender and/or Swingline Lender) upon the date that is five Business Days prior to the Termination Date of the Tranche being extended (to the extent needed so that the aggregate amount of the L/C Commitment and/or the Swingline Commitment does not exceed the aggregate Revolving Commitments which would be in effect after such Termination Date), and, if applicable, the Borrower shall prepay Swingline Loans and/or furnish Cash Collateral for any issued Letters of Credit in accordance with the requirements of Section 2.3(b).
Terms of Extension. All terms and conditions of this Lease shall remain in full force and effect during the Extension Period, except that any and all of the economic terms and conditions for the Extension Period (including but not limited to Base Rent, any improvement allowances or other tenant concessions) shall be equal to one hundred percent (100%) of the Current Market Terms and Conditions as determined in paragraph 2.3 below.
Terms of Extension. The balance owing to Valor, as set forth in item 4. above, shall hereby be paid in accord with the following amended terms;
i) The sum of $2,370 (US) as per section 4.(i) above will be paid on or before February 1, 2009,
ii) The sum of $25,000 (US) will be paid on or before February 1, 2009.
iii) The sum of $25,000 (US) will be paid on or before April 1, 2009.
iv) The sum of $45,000 (US) will be paid on or before May 1, 2009
Terms of Extension. Tenant shall exercise an extension option by giving notice to Landlord of Tenant’s intention to do so not more than three hundred sixty (360) days or less than one hundred eighty (180) days prior to the expiration of the Lease Term or the then applicable Extension Term (the “Extension Notice”). If the Base Rent for any Extension Term (the “Extension Rent”) is not determined by the expiration of the current Term, then Tenant shall pay monthly Base Rent to Landlord at a rate equal to One Hundred and Five percent (105%) of the most recent rate of monthly Base Rent in effect on the expiration date of the current Term or the immediately preceding Extension Term, as applicable, until a final decision is reached, and then Landlord and Tenant shall adjust payments made for the Extension Rent with Tenant paying Landlord any amount due within ten (10) days of the final decision, and Landlord shall apply any amount owed to Tenant to the next installment or installments of Base Rent due and payable.
Terms of Extension. The terms of the 2021-2023 Collective Bargaining Agreement will be extended for a duration of one year (July 1, 2023, through June 30, 2024). The applicable changes are listed below:
Terms of Extension. All terms and conditions of this Lease, ------------------ shall remain in full force and effect during the Extension Period, except that the Base Rent and Additional Rent payable during the Extension Period shall be the then Current Market Rental Rate as of the commencement of the Extension Period, as such rate is defined pursuant to this section, provided that such amount as so calculated shall not be less than the Base Rent and Additional Rent for the Premises which is in effect for the calendar month immediately prior to the commencement of the Extension Period.
