Extension Option Conditions definition

Extension Option Conditions means the First Extension Option Conditions, the Second Extension Option Conditions, or the Third Extension Option Conditions, as the context may require.
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Extension Option Conditions means the following:
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Extension Option Conditions shall be deemed to be satisfied if as of the date that Tenant gives its Extension Notice: (1) this Lease is in full force and effect, (2) there exists no uncured monetary or material non-monetary Event of Default by Tenant, and (3) CarGurus, Inc., itself, together with any Permitted Transferee, as defined in Section 12.5, are occupying at least fifty-seven percent (57%) of the rentable area of the Premises then demised to Tenant (provided that such right shall not be affected by Tenant’s subleasing the Permitted Sublease Space).
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Examples of Extension Option Conditions in a sentence

  • Upon satisfaction of the Extension Option Conditions, the Maturity Date shall be extended by the applicable Extension Period, and the terms, conditions, and provisions of this Agreement and the other Loan Documents, as they may have been previously modified by Administrative Agent, Lenders, and the Loan Parties, will remain otherwise unmodified and in full force and effect.

  • Borrower has executed or caused the execution of all documents reasonably required by Administrative Agent (if any) to determine whether the Extension Option Conditions have been satisfied.

  • At such time as Administrative Agent has determined whether the Extension Option Conditions have or have not been satisfied, Administrative Agent will promptly notify Borrower in writing thereof.

  • To the extent the Extension Option Conditions have not been satisfied, Administrative Agent will include in such written notice the specific condition or conditions which failed to be in compliance.

Related to Extension Option Conditions

  • 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.

  • Extension Conditions Defined in Section 3.06(a).

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

  • Minimum Extension Condition has the meaning assigned to such term in Section 2.23(b).

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

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

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

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

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

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • 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.

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

  • Poor foundation conditions means those areas where features exist which indicate that a natural or man-induced event may result in inadequate foundation support for the structural components of an SWLF unit.

  • Extension Notice has the meaning specified in Section 308.

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

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Litigation Conditions has the meaning set forth in Section 11.3.

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

  • Minimum Condition has the meaning set forth in Annex I.

  • Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than 150% of the outstanding principal amount of the Secured Obligations plus the Qualified Cash A/P Amount.

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.

  • 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;

  • 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.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.