Extension Term definition

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

Extension Term shall have the meaning set forth in Section 2(b).

Extension Term has the meaning set forth in Section 3.02.

Examples of Extension Term in a sentence

• If Tenant fails to send such Decision Notice prior to the Decision Date or sends a notice requesting arbitration pursuant to Section 3.03(d) below, then Tenant shall be irrevocably bound to lease the Premises for the applicable Extension Term and the Market Rent for such Extension Term shall be determined by arbitration in the manner set forth in Section 3.03(d).

• Each Extension Term shall be on all the same terms and conditions applied to the Term (including without limitation the obligation to pay Additional Rent) except that the Base Rent for each Extension Term shall be as set forth below and Tenant shall have no further right to extend the term of this Lease except as expressly set forth above.

• All references to the Term shall mean the Term as it may be extended by the First Extension Term and the Second Extension Term.

• In the event Tenant’s notice objects to such determination, from the date Tenant provides such notice through the date that is sixteen (16) months before the end of the then scheduled expiration of the Term (the “Decision Date”), Landlord and Tenant shall negotiate in an attempt to reach agreement on the Base Rent for the applicable Extension Term.

• If Tenant does not timely exercise this option, or if on the date of such notice or at the beginning of the applicable Extension Term an Event of Default is then continuing, then at Landlord’s election, Xxxxxx’s right to extend the Term pursuant to this Section 3.03(a) shall irrevocably lapse, Tenant shall have no further right to extend, and this Lease shall expire at the end of the then current Term.

More Definitions of Extension Term

Extension Term means the period of time by which the Grant Expiration Date is extended by the State through delivery of an updated Grant Award Letter

Extension Term has the meaning set forth in Section 2.8.

Extension Term means the time period defined in §3. B.

Extension Term has the meaning set forth in Section 1.6(b).

Extension Term means the period of time by which the Grant Expiration Date is extended by the State through delivery of an updated Grant Award Letter, an amendment, or an Option Letter.

Extension Term is defined in Section 3.1(b).

Extension Term has the meaning given in Section 2.4(b).