Extension Right definition

Extension Right has the meaning specified in Section 5.02.

Extension Right has the meaning specified in Section 4.1(a)(ii).

Extension Right has the meaning specified in Section 3.9.

Examples of Extension Right in a sentence

• The period of time within which the Extension Right may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise the Extension Right.

• The Extension Right is personal to Tenant and is not assignable without Landlord’s consent, which may be granted or withheld in Landlord’s sole discretion separate and apart from any consent by Landlord to an assignment of Tenant’s interest in the Lease, except that they may be assigned in connection with any Permitted Assignment of this Lease.

• The Extension Right is personal to Tenant and is not assignable without Landlord’s consent, which may be granted or withheld in Landlord’s sole discretion separate and apart from any consent by Landlord to an assignment of Tenant’s interest in the Lease.

• The Extension Right shall terminate and be of no further force or effect even after Tenant’s due and timely exercise of the Extension Right, if, after such exercise, but prior to the commencement date of the Extension Term, (i) Tenant fails to timely cure any default by Tenant under this Lease; or (ii) Tenant has Defaulted 3 or more times during the period from the date of the exercise of the Extension Right to the date of the commencement of the Extension Term, whether or not such Defaults are cured.

• The Extension Right is personal to Tenant and is not assignable without Landlord’s consent, which may be granted or withheld in Landlord’s sole discretion separate and apart from any consent by Landlord to an assignment of Tenant’s interest in the Lease, except that it may be assigned in connection with any Permitted Assignment of this Lease.

More Definitions of Extension Right

Extension Right shall have the meaning set forth in Section 28.1 hereof.

Extension Right has the meaning assigned in Section 2.8(1).

Extension Right shall have the meaning set forth in Section 5.1.

Extension Right the right of the Borrowers to extend the Maturity Date from June 29, 2013 to November 1, 2013, which right (a) the Borrowers shall be entitled to exercise at any time after the Fifth Amendment Effective Date and prior to June 29, 2013 and (b) shall only be deemed exercised upon (i) receipt by the Lenders and the Agent after the Fifth Amendment Effective Date of a written notice of exercise from the Borrowers pursuant to Section 9.2 of the Credit Agreement and (ii) receipt by the Lenders after the Fifth Amendment Effective Date of payment in full by the Borrowers of the Extension Consideration; provided that at the time of receipt of such notice and payment no Default and no Event of Default shall have occurred and be continuing.”

Extension Right has the meaning ascribed to such term in Section 2.1(b).

Extension Right means the right of the Bondholders to direct the HK Issuer to extend the scheduled Maturity Date of 19 October 2014 to 30 June 2015 by delivery of an extension notice to the HK Issuer not less than thirty business days and not more than forty business days prior to 19 October 2014.

Extension Right has the meaning specified in Section 7.01.