Examples of Extension Conditions in a sentence
Seller’s request to exercise a Funding Period Extension Option will be deemed to be denied if any of the Extension Conditions set forth in Section 3.06(a) are not satisfied with respect to the first Extension Period,Seller’s request for the secondcorresponding Extension Period or the third Extension Period, as applicable, as determined by Buyer in Buyer’s sole and absolute discretion.
If the Extension Conditions are not fully satisfied as of the then-current Maturity Dateeffective date of the applicable extension, then notwithstanding any prior approval by Buyer of Seller’s request to extend the then-current Maturity Date, Seller shall have no right to extend the then-current Maturity Date and any pending request to extend the then-current Maturity Date shall be deemed to be denied.