Extension Election Notice definition

Extension Election Notice shall have the meaning set forth in Section 8.1(c).
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Extension Election Notice at least (x) forty (40) months prior to the expiration of the initial term of this lease with respect to the First Extension Term, and (y) thirty six (36) months prior to the expiration of the First Extension Term or Second Extension Term, as the case may be. Time shall be of the essence with respect to the exercise of each Extension Option. Within thirty (30) days after Landlord receives an Extension Election Notice, Landlord shall deliver a notice to Tenant specifying its estimate of the Market Value Rent for the Extension Premises for such Extension Term (herein called a “Rent Notice”). Tenant shall notify Landlord within thirty (30) days after the date that Tenant receives the Rent Notice whether it approves Landlord’s estimate of the Market Value Rent (herein called a “Response Notice”). If Tenant fails to reject such estimate within such thirty (30) day period, Landlord shall have the right to give a second notice to Tenant (herein called a “Landlord’s Notice”), which notice, as a condition to its effectiveness, shall state in bold capital letters that it is a DEEMED REVOCATION NOTICE, and if Tenant fails to reject such estimate within five (5) business days after the giving of the Landlord’s Notice to Tenant, time being of the essence, then Tenant shall be deemed to have sent a Revocation Notice. If Tenant gives a Response Notice that it disapproves of Landlord’s designation of the Market Value Rent, then Landlord and Tenant shall negotiate in good faith for a period of thirty (30) days after the date of the Response Notice to reach agreement on the Market Value Rent. If Landlord and Tenant do not reach agreement on the Market Value Rent within the thirty (30) day period, then Tenant, as its sole options, may either (i) revoke its Extension Election Notice by delivering a “Revocation Notice” (herein so called) to Landlord within ten (10) days after the end of the thirty (30) day negotiation period (herein called the “Revocation Period”), or (ii) deliver an “Arbitration Notice” (herein so called) to Landlord before the end of the Revocation Period, notifying Landlord of its election to submit the determination of Market Value Rent to arbitration in accordance with Section 36.03. If Tenant does not deliver a Revocation Notice or an Arbitration Notice before the end of the Revocation Period, then Tenant shall be deemed to have given a Revocation Notice. If Tenant gives a Revocation Notice before the end of the Revocation Period or is otherwise deemed t...
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Extension Election Notice has the meaning set forth in Section 9.04(b).
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Examples of Extension Election Notice in a sentence

  • The Maturity Extension Election Notice delivered by the Borrower in connection with each such Maturity Extension Election must also specify the particular prepayment/refinancing privilege that the Borrower elects for the respective extended Advance.

  • The undersigned hereby certifies that the authority of the undersigned to execute and deliver this Maturity Extension Election Notice on behalf of the Borrower is valid and in full force and effect on the date hereof.

  • NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION (the "Borrower") By: _______________________ Name: _______________________ Title: _______________________ Date: _______________________ Notice is hereby given to FFB that the preceding Maturity Extension Election Notice made by the Borrower identified therein has been approved by RUS for purposes of the Bond identified therein.

  • RUS notifies the borrower on Annex B-1, Form of Maturity Extension Election Notice, or B-2, Form of Maturity Extension Election Notice (RUS Approval Required) approximately 4 weeks prior to the maturity date of each advance.

  • If DOE receives any notice from FFB pursuant to the applicable FFB Promissory Note requiring DOE to approve each Maturity Extension Election Notice (as defined therein) delivered by the Borrower after the date of such notice, then DOE shall approve each such Maturity Extension Election Notice so long as no Potential Default, Event of Default, Potential Alternate Amortization Event or Alternate Amortization Event is continuing.

  • If Tenant either fails or elects not to exercise the Option to Extend by not timely giving its Extension Election Notice, then the Option to Extend shall be null and void, including, if more than one Option is granted, the then applicable Option to Extend and all further Options to Extend.

  • If DOE receives any notice from FFB pursuant to Section 14(a)(3)(B) of the applicable FFB Promissory Note requiring DOE to approve each Maturity Extension Election Notice (as defined therein) delivered by the Borrower after the date of such notice, then DOE shall approve each such Maturity Extension Election Notice so long as no Potential Default, Event of Default, Potential Mandatory Prepayment Event or Mandatory Prepayment Event is continuing.

  • Xxxxxxx Title: Assistant Secretary-Treasurer The undersigned hereby certifies that the authority of the undersigned to execute and deliver this Maturity Extension Election Notice on behalf of the Borrower is valid and in full force and effect on the date hereof.

  • If Sublandlord fails to timely deliver to Subtenant the Master Lease Extension Election Notice, then Sublandlord shall be deemed to have elected to extend the term of the Master Lease.

  • If as provided in this Section 2.3(b) Sublandlord elects in the Master Lease Extension Election Notice, or is deemed to have elected, to extend the Master Lease for the “Extension Term” in accordance with Section 1.3 of the Master Lease, then, upon the extension of the Master Lease for the “Extension Term” and the extension of this Sublease for the Sublease Extension Term, this Sublease shall be extended on the terms and conditions set forth in Section 2.2 hereof.


More Definitions of Extension Election Notice

Extension Election Notice has the meaning provided in Section 33.1(b).
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Extension Election Notice shall have the meaning assigned that term in subsection 2.1A(i).
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Extension Election Notice shall be the written notice from Tower Owner to First Lender in which Tower Owner accepts or declines the Extension Rate not later than 75 days prior to the Stated Maturity Date.
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Related to Extension Election Notice

  • Extension Election has the meaning set forth in Section 2.16(c).

  • Extension Notice has the meaning specified in Section 308.

  • Election Notice has the meaning set forth in Section 11.01(b).

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

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Notice of Extension/Conversion means the written notice of extension or conversion in substantially the form of Schedule 3.2, as required by Section 3.2.

  • Designation Notice means a notice from any Lender or an Affiliate of a Lender substantially in the form of Exhibit I.

  • Notice of Conversion/Extension means the written notice of conversion of a LIBOR Rate Loan to an Alternate Base Rate Loan or an Alternate Base Rate Loan to a LIBOR Rate Loan, or extension of a LIBOR Rate Loan, in each case substantially in the form of Exhibit 1.1(e).

  • Extension Deadline means, with respect to a letter of credit, the Cutoff Time on the Business Day preceding the day on which the letter of credit expires.

  • Election Date has the meaning specified in Section 312(h).

  • Notice of Extension has the meaning specified in Section 2.20.

  • Selection Notice means a notice substantially in the form set out in Part II of Schedule 3 (Requests) given in accordance with Clause 9 (Interest Periods).

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Continuation Notice as defined in Section 2.17(a).

  • Reduction Notice has the meaning set forth in Section 1.3.

  • Addition Notice With respect to the transfer of Subsequent Mortgage Loans to the Trust Fund pursuant to Section 2.08, a notice of the Depositor's designation of the Subsequent Mortgage Loans to be sold to the Trust Fund and the aggregate principal balance of such Subsequent Mortgage Loans as of the Subsequent Cut-off Date. The Addition Notice shall be given not later than three Business Days prior to the related Subsequent Transfer Date and shall be substantially in the form attached hereto as Exhibit P.

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

  • Notice of Interest Rate Election has the meaning set forth in Section 2.10.

  • Nomination Notice means all information and documents that a Nominating Stockholder is required to submit to the Secretary of the Corporation pursuant to Section 2.6(f).

  • Extension Period has the meaning set forth in Section 2.11.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Maturity Date Extension Request means a request by the Borrower, in the form of Exhibit G hereto or such other form as shall be approved by the Administrative Agent, for the extension of the Maturity Date pursuant to Section 2.20.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Non-Renewal Notice shall have the meaning set forth in Section 2.

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

  • Extension Effective Date has the meaning specified in Section 2.06(c).