Extension Conditions definition
Extension Conditions. Defined in Section 3.06(a).
Extension Conditions means the following:
Extension Conditions. “Extension Fee”, “Extension Notice”, and “Extension Option” have the respective meanings set forth in Section 2.13(a) hereof.
Examples of Extension Conditions in a sentence
If the Extension Conditions are not fully satisfied as of the then-current Facility Termination Date, then notwithstanding any prior approval by Buyer to extend the then-current Facility Termination Date, Seller shall have no right to extend the then-current Facility Termination Date, and any pending request to extend the then-current Facility Termination Date shall be deemed to be denied.
More Definitions of Extension Conditions
Extension Conditions shall have the meaning specified in Section 3(e) of this Agreement.
Extension Conditions means (a) no Event of Default as defined under the Management Agreements by any FVE Party shall have occurred and be continuing, and (b) the FVE Parties shall have simultaneously exercised their rights to extend the terms of all Management Agreements on similar terms and in accordance with their terms.
Extension Conditions means, as a condition to Tenant exercising each Extension Option:
Extension Conditions is defined in Section 2.4(b).
Extension Conditions means, as a condition to Tenant exercising each Extension Option: (a) Tenant gives Landlord written notice no less than eight (8) months prior to the commencement of the Extension Term, as applicable, that Tenant is exercising the Extension Option; (b) at the date the applicable Extension Option is exercised, and at the commencement of the Extension Term, as applicable, no Event of Default has occurred and is continuing; and (c) Tenant has not been more than ten (10) days late in the payment of any or all rent more than a total of three (3) times for all periods prior to the commencement of the Extension Term.
Extension Conditions means the following conditions, all of which must be satisfied, in order for the Initial Maturity Date to be extended to the First Extended Maturity Date and for the First Extended Maturity Date to be extended to the Second Extended Maturity Date: (a) not less than sixty (60) days prior to the Initial Maturity Date or First Extended Maturity Date, as applicable, Borrower shall have delivered to Lender an irrevocable written notice requesting the extension and simultaneously therewith have paid to Lender a non-refundable extension fee in the amount equal to one-half percent (0.5%) of the outstanding principal balance of the Loan on the date of the request for the extension; (b) no Default or Event of Default shall exist under this Agreement or any of the other Loan Documents either at the time of the delivery of the notice to extend or at the time of the effective date of the extension; (c) Borrower shall deliver to Lender, an Officer’s Certificate dated as of the Initial Maturity Date or First Extended Maturity Date, as applicable certifying, without qualification, (i) that no Default or Event of Default has occurred which remains uncured and (ii) that the representations and warranties in the Loan Documents of all parties thereto (other than Lender) are true and correct in all material respects on and as of, as applicable, the Initial Maturity Date or First Extended Maturity Date; and (d) the Rate Cap Agreement shall have been amended and extended pursuant to documentation satisfactory in form and substance to Lender to extend its term through the First Extended Maturity Date or Second Extended Maturity Date, as applicable.
Extension Conditions shall have the meaning specified in Section 3(p).