Additional Extension Option definition

Additional Extension Option has the meaning set forth in Section 2.16(b).

Additional Extension Option shall have the meaning set forth in Section 2.3(a) (Extension Options and Extension Periods).

Additional Extension Option has the meaning set forth in Section 2.16(b). “Administrative Agent” has the meaning specified in the recital of parties to this Agreement. “Administrative Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 9.02, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the Lenders. “Administrative Questionnaire” means an Administrative Questionnaire in substantially the form of Exhibit E-2 or any other form approved by the Administrative Agent. “Advance” means a Term Loan Advance or an Incremental Term Advance. “Affiliate” means, as to any Person, any other Person that, directly or indirectly, controls, is controlled by or is under common control with such Person or is a director or officer of such Person. For purposes of this definition, the term “control” (including the terms “controlling”, “controlled by” and “under common control with”) of a Person means the possession, direct or indirect, of the power to vote 10% or more of the Voting Interests of such Person or to direct or cause the direction of the management and policies of such Person, whether through the ownership of Voting Interests, by contract or otherwise. “Aggregate Interest Rate” has the meaning specified in Section 2.07(a). “Agreement” has the meaning specified in the recital of parties to this Agreement. “Anti-Corruption Laws” shall mean all laws, rules, and regulations of any jurisdiction applicable to the Borrower or any of its Subsidiaries from time to time concerning or relating to bribery, corruption or money laundering including, without limitation, the United Kingdom Bribery Act of 2010 and the United States Foreign Corrupt Practices Act of 1977, as amended. “Anti-Money Laundering Laws” shall mean all laws, rules, and regulations of any jurisdiction applicable to the Borrower or any of its Subsidiaries from time to time 2 26203076.0000000000.8 ​ ​

Examples of Additional Extension Option in a sentence

• Unless an Additional Extension Option is exercised as provided in this Section 8.3, such Additional Extension Option shall lapse and the Term shall not be extended.

• Notwithstanding the foregoing, Distributor shall not be permitted to exercise any Additional Extension Option if at any time during the existing Term any Option Breaches occurred.

• Any Additional Extension Option must be exercised by providing to the Company written notice of the election to exercise such Additional Extension Option at least one hundred twenty (120) days prior to the end of the existing Term and shall only be effective if the parties can mutually agree, on a good faith basis, as to the purchase price for Products and Purchased Services and Minimum Purchase Requirements with respect to each Period of such extended period of the Term.

• In addition, if an Option Breach occurs after the date of Distributor’s exercise of such Additional Extension Option but prior to the date of the extension of the Term pursuant to such Additional Extension Option then the Company, in its sole discretion, shall have the option to refuse to permit the Term to be extended.

• Except for the Additional Extension Option and Early Termination Right set forth herein, any and all other Options (as hereinafter defined) set forth in the Lease are hereby deleted and of no further force or effect.

• Xxxxxx acknowledges and agrees that, except for the Additional Extension Option, there are no options to further extend or renew the term of the Lease, to expand the Premises, or to purchase all or any part of the property of Lessor, and any such options are hereby terminated.

• A copy of the Modular Management Agreement together more detailed guidance.

• Tenant may exercise its Additional Extension Option only by giving written notice to Landlord at least twelve (12) calendar months prior to the expiration of the then-current Term specifying that Tenant is exercising its Additional Extension Option (an "Additional Extension Notice") and specifying the length of the extension.

• If the company has viewed that such share transfer is legally in accordance with the law, the company will register the share transfer within 7 days since the date that the request is received and will issue the new share certificate within one month since the date that the request is received.

• Whether or not Tenant shall have exercised its First Extension Option, Tenant shall have an additional option (the "Additional Extension Option") to extend the term of this Lease for a period of five (5) years (the "Extension Term") provided that Tenant is not in default under any of the terms or provisions of this Lease as of the date of Tenant's exercise of the Additional Extension Option and as of the date of the beginning of the Extension Term.