EXTENSION OF INITIAL TERM definition

EXTENSION OF INITIAL TERM. The reference in the third line of paragraph 3.2 of the Lease to the "Initial Ten (10) year term" is hereby modified and amended to read "the Initial Twelve (12) year term" and the reference in the last line of said paragraph to "eleven (11) years" is hereby modified to read "thirteen (13) years".
Sample 1

Related to EXTENSION OF INITIAL TERM

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

  • Initial Term has the meaning set forth in Section 7.1.

  • Extended Term shall have the meaning set forth in Section 2.

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

  • Additional Term means that term commencing on the last day of the Basic Term and terminating 5 years thereafter.

  • Renewal Term has the meaning set forth in Section 2.

  • Initial Contract Period means the period from the Commencement Date to the date of expiry set out in clause A2 (Initial Contract Period), or such earlier date of termination of the Contract in accordance with the Law or the provisions of the Contract.

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

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • 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.

  • Term of Agreement shall have the meaning ascribed thereto in Article 2 of this Agreement;

  • Resolution Extension Period As defined in Section 2.03(b).

  • Extension Date has the meaning specified in Section 2.19(b).

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.

  • Renewal Terms means the renewal terms of a Property Schedule, each having a duration of one year and a term coextensive with Lessee's budget year.

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Base Term Commencing (i) with respect to the Existing Premises on the Commencement Date, (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date and (iii) with respect to the Second Expansion Premises on the Second Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 16, 2016 (“Expiration Date”).”

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Term Loan Extension Series has the meaning set forth in Section 2.16(a).

  • Loan Term means the term of this Loan Agreement provided in Sections 3.01 and 3.03 hereof and in Exhibit A-2 attached hereto and made a part hereof.