Expansion Conditions definition

Expansion Conditions has the meaning set out in Article 2.7.3.
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Expansion Conditions means the following conditions: Both at the time the Tenant gives Landlord the respective Expansion Exercise Notice and as of the commencement date with respect to the respective Expansion Area: (i) there exists no Default of Tenant under this Lease, (ii) this Lease remains in full force and effect, and (iii) Boston Private Financial Holdings, Inc. and/or Affiliates of Boston Private Financial Holdings, Inc. is (or are) in occupancy of not less than sixty-five percent (65%) of the rentable area of the Premises then demised under this Lease.
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Expansion Conditions means the Expansion Conditions as defined in Paragraph 36.
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Examples of Expansion Conditions in a sentence

  • If any one or more of the Second Expansion Conditions are not met, at Landlord’s reasonable option, Tenant’s Expansion Notice shall be invalid and Tenant’s right to expand pursuant to said Expansion Notice shall be null and void and be of no further force and effect.

  • If any one or more of the First Expansion Conditions are not met, at Landlord’s reasonable option, Tenant’s Expansion Notice shall be invalid and Tenant’s right to expand pursuant to said Expansion Notice shall be null and void and be of no further force and effect.

  • So long as this Lease is still in full force and effect, and subject to the Expansion Conditions (as hereinafter defined) which Landlord may waive, in its discretion, at any time, but only by notice to Tenant, then Tenant shall have the option (the “ Expansion Option”) of expanding into the 33,650 rentable square feet of space comprising the entire third (3rd) floor of the Building (the “Expansion Premises”).

  • Provided that all the Expansion Conditions are then satisfied, the Right of First Offer shall be exercised, if at all, by Tenant giving written notice of exercise thereof (a “First Offer Notice”) to Landlord within 30 calendar days (the “First Offer Notice Period”) after receipt by Tenant of the Notice of Offer and pursuant to Paragraph 35.A. If Tenant provides Landlord with a First Offer Notice, Tenant shall have three (3) months to close under the terms of the Offer.

  • Tenant shall, provided that all of the Expansion Conditions are then satisfied, have the right to extend the term of this Lease for four additional periods of five (5) years each (each such period is called an “Extension Term”).

  • If the Expansion Conditions have not been satisfied by the Expansion Condition Deadline, then, unless Landlord and Tenant agree in writing to extend the Expansion Condition Deadline, the Expansion Option shall terminate and be of no further force or effect, without otherwise affecting this Lease.

  • Subject to the Expansion Conditions, Tenant may exercise its option to lease the Expansion Premises by giving written notice to Landlord on or before the date that is 3 years prior to the last day of the Original Lease Term (“Expansion Request Notice”) stating that Tenant is interested in exercising its Expansion Option for the Expansion Premises.

  • Tenant shall, provided that all of the -------------------------- Expansion Conditions are then satisfied, have the right to extend the term of this Lease for four additional periods of five (5) years each (each such period is called an "Extension Term").

  • Tenant shall, subject to satisfaction of the Atrium Expansion Conditions, exercise its option to lease the Atrium Expansion Premises by giving written notice (“Atrium Expansion Exercise Notice”) to Landlord on or before September 30, 2019 (the “Atrium Expansion Notice Date”).

  • Tenant shall, provided that all the Expansion Conditions are then satisfied, have the option (the “Contraction Option”) to exclude from the Premises an area of one full floor of Premises designated by Tenant as hereinafter provided, which contraction will be effective as of February 28, 2000, 2005, and 2010 (the “Contraction Date”).


More Definitions of Expansion Conditions

Expansion Conditions means the following conditions: Both at the time the Tenant gives Landlord the Expansion Exercise Notice and as of the commencement date with respect to the Expansion Area: (i) there exists no Event of Default under this Lease, and (ii) this Lease remains in full force and effect, and (iii) Tenant has not subleased (other than pursuant to a sublease for which the prior consent of Landlord is expressly not required pursuant to the provisions of Section 13.6 above) more than twenty-five (25%) percent of the floor area of the Premises.
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Expansion Conditions. (a) The non-existence of a Suspension Event at both the time the Borrower desires to execute a new lease relating to a store or open a new store and immediately thereafter.
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Related to Expansion Conditions

  • Extension Conditions Defined in Section 3.06(a).

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Minimum Extension Condition has the meaning assigned to such term in Section 2.23(b).

  • Litigation Conditions has the meaning set forth in Section 11.3.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Normal Operating Conditions means those Service conditions which are within the control of Grantee. Those conditions which are not within the control of Grantee include, but are not limited to, natural disasters, civil disturbances, power outages, telephone network outages, and severe or unusual weather conditions. Those conditions which are ordinarily within the control of Grantee include, but are not limited to, special promotions, pay-per-view events, rate increases, regular peak or seasonal demand periods, and maintenance or upgrade of the Cable System.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Specific Conditions means the conditions in addition or in variation to the general conditions which the Commission may lay down specifically for a distribution licensee;

  • LC Conditions has the meaning given to such term in Section 2.9.

  • Distribution Conditions means, with respect to any Restricted Payment or Restricted Junior Debt Prepayment, the following:

  • Payment Conditions means, at the time of determination with respect to a proposed payment to fund a Specified Transaction, that:

  • Minimum Condition has the meaning set forth in Annex I.

  • Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than the sum of 150% of the outstanding Secured Obligations plus the Qualified Cash A/P Amount.

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Additional Conditions means the terms and conditions set out in the Offer Document.

  • Offer Conditions has the meaning set forth in Section 1.01(b).

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • Equity Conditions means, during the period in question, (a) the Corporation shall have duly honored all conversions scheduled to occur or occurring by virtue of one or more Notices of Conversion of the applicable Holder on or prior to the dates so requested or required, if any, (b) the Corporation shall have paid all liquidated damages and other amounts owing to the applicable Holder in respect of the Preferred Stock, (c)(i) there is an effective registration statement pursuant to which either (A) the Corporation may issue Conversion Shares or (B) the Holders are permitted to utilize the prospectus thereunder to resell all of the shares of Common Stock issuable pursuant to the Transaction Documents (and the Corporation believes, in good faith, that such effectiveness will continue uninterrupted for the foreseeable future) or (ii) all of the Conversion Shares may be issued to the Holder pursuant to Section 3(a)(9) of the Securities Act and immediately resold without restriction, (d) the Common Stock is trading on a Trading Market and all of the shares issuable pursuant to the Transaction Documents are listed or quoted for trading on such Trading Market (and the Corporation believes, in good faith, that trading of the Common Stock on a Trading Market will continue uninterrupted for the foreseeable future), (e) there is a sufficient number of authorized, but unissued and otherwise unreserved, shares of Common Stock for the issuance of all of the shares then issuable pursuant to the Transaction Documents, (f) the issuance of the shares in question to the applicable Holder would not violate the limitations set forth in Section 6(d) herein and (g) the applicable Holder is not in possession of any information provided by the Corporation, any of its Subsidiaries, or any of their officers, directors, employees, agents or Affiliates, that constitutes, or may constitute, material non-public information.

  • Minimum Tender Condition shall have the meaning provided in Section 2.15(b).

  • Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibility conditions listed in Clause [5] of the Tender Document.

  • Equity Conditions Measuring Period means each day during the period beginning twenty (20) Trading Days prior to the applicable date of determination and ending on and including the applicable date of determination.

  • Mortgage Conditions means the mortgage conditions booklet reference MORT 0154 MAY 13 HF;