Expansion Option Period definition

Expansion Option Period has the meaning given that term in Section 15.2.
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Expansion Option Period means the period [***].
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Expansion Option Period shall be defined as the period commencing as of November 1, 2021 and expiring as of October 31, 2023.
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Examples of Expansion Option Period in a sentence

  • Tenant shall exercise the option by delivery of written notice to Landlord prior to the expiration of the Expansion Option Period.

  • Tenant may exercise its option at any time prior to February 28, 2003 (the "Expansion Option Period").

  • If Tenant fails to exercise the option to lease the Expansion Building prior to the expiration of the Expansion Option Period, Tenant shall be deemed to have waived its right to lease the Expansion Building pursuant to the terms of this Paragraph 41 and thereafter Landlord shall be free to lease the Expansion Building to any third party on such terms as Landlord shall elect without further notice to Tenant.

  • If Tenant does not exercise the Expansion Option within the Expansion Option Period, the Expansion Option shall terminate as to the Available Space identified in the Available Space Notice until after it has been occupied by a new tenant, or is vacant for one hundred eighty (180) days after the Available Space Notice is given, after which time the Expansion Option shall renew as to said Available Space.

  • Upon receipt of the Available Space Notice and for ten (10) business days thereafter (the "Expansion Option Period"), Tenant may exercise the Expansion Option by providing Landlord with written notice (the "Expansion Option Exercise Notice") that Tenant exercises its Expansion Option as to the Available Space identified in the Available Space Notice.

  • In addition, P&GP shall have the option to extend for one year the term of the Expansion Option Period for the [***] Option or the [***] Option with payment of [***] for each option extended.

  • In the event that P&GP does not exercise the [***] Option or the [***] Option prior to the expiration of the applicable Expansion Option Period, then Gene Logic shall thereafter be free to grant rights to a Third Party in the areas of [***] or [***], as applicable.

  • The Exercising Partner may exercise the Expansion Option only by delivering, at any time after such Expansion Project has been rejected or, if no vote was held with respect to such Expansion Project, after the Expansion Option Period, but in any case no later than 30 Days after the end of the Expansion Option Period, written notice of such exercise (the “Expansion Option Notice”) to the Company and each other Partner.

  • If Subtenant does not exercise its Expansion Option as provided in Section 10 on or prior to the expiration of the Expansion Option Period, Sublandlord shall refund a portion of the security deposit in the amount of Thirty-Two Thousand Two Hundred Twelve Dollars ($34,212.00) to Subtenant no later than thirty (30) days following the expiration of the Expansion Option Period.

  • These laws also establish that Uruguay may not issue an export license or authorization for shipments of these materials until the importing country has first issued the necessary licenses or authorization.


More Definitions of Expansion Option Period

Expansion Option Period. Section 2.4(a) “Expansion Program” Section 2.5(b) “Indemnification Claim Notice” Section 15.5(c) “Indemnified Party” Section 15.5(c) “Intellectual Property” Section 17.4(a)(ii) “Issuing Party” Section 14.2(b) “JAMS” Section 18.7(b) “JRC” Section 3.1(a)
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Expansion Option Period means the period commencing on the Lease Commencement Date and ending on December 31, 2004.
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Related to Expansion Option Period

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • First Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Option Period means the period during which an Option may be exercised.

  • Renewal Option has the meaning set forth in §12.1.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Option to Extend has the meaning given that term in Section 2.13.

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Extension Term means the time period defined in §2.C.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Extended Term shall have the meaning given such term in Section 2.4.

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • First Extension Period means the period of one (1) Contract Year commencing immediately after the conclusion of the Initial Exploration Period.

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • ROFO Period is defined in Section 6.1(a).

  • Commencement Date means the date of this Agreement;

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Commencement Notice means a written notice, given by any Secured Party to the other Secured Parties in accordance with the notice provisions set forth in the Securities Purchase Agreement, pursuant to which such Secured Party notifies the other Secured Parties of the existence of one or more Events of Default and of such Secured Party’s intent to commence the exercise of one or more of the remedies provided for under this Agreement with respect to all or any portion of the Collateral as a consequence thereof, which notice shall incorporate a reasonably detailed description of each Event of Default then existing and of the remedial action proposed to be taken.

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).