First Extension Term definition

First Extension Term shall have the meaning set forth in Section 2.3.3(b) hereof.

First Extension Term shall have the meaning set forth in Section 6.1(b).

First Extension Term has the meaning set forth in Section 2.10.

Examples of First Extension Term in a sentence

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

• This Lease may be extended for the First Extension Term or, having timely exercised its option to extend for the First Extension Term, the Second Extension Term, by unconditional written notice from Tenant to Landlord delivered at least eighteen (18) months before the end of the then-current Term, time being of the essence.

• The resulting amount as of the first month of the seventy-fifth (75th) Lease Year shall be the Base Rent for the first Lease Year of the First Extension Term.

• For purposes of calculating Base Rent for the first Lease Year of the Second Extension Term, the Parties shall calculate what Base Rent would have been, commencing with the first month of the First Extension Term and increasing the Base Rent annually by the greater of two percent (2%) or CPI, without any cap on CPI.

• The resulting amount as of the first month of the fifty-second (52nd) Lease Year shall be the Base Rent for the first Lease Year of the First Extension Term.

More Definitions of First Extension Term

First Extension Term. Defined in Section 3.07(a).

First Extension Term has the meaning set forth in Section 2.5.

First Extension Term has the meaning ascribed thereto in section 3.2(a).

First Extension Term has the meaning set forth in Section 2.03(d) of this Loan Agreement.

First Extension Term means as described in Section 2.8.

First Extension Term has the meaning given to it in Section 2.3; “Force Majeure” means:

First Extension Term has the meaning given to that term in Clause 26.2(a); FOIA means the Freedom of Information Act 2000, and any subordinate legislation made under that Act from time to time, together with any guidance and/or codes of practice issued by the Information Commissioner’s Office or relevant government department in relation to such legislation; Force Majeure Event means, in respect of an Affected Party, an act, event or circumstance (other than lack of funds) which is beyond the reasonable control of the Affected Party, including an act of God, war or threat of or preparation for war, armed conflict, flood, earthquake, windstorm, or other natural disaster, sabotage, riot, insurrection, civil commotion, civil unrest, martial law, major systems failure (except that the failure of systems controlled by the Affected Party (or its sub-contractors) shall not constitute a Force Majeure Event) strike or other industrial dispute (except that an industrial dispute, strike or other action involving (where UCL is the Affected Party) only employees of UCL or (where Supplier is the Affected Party) only the Supplier Personnel shall not constitute a Force Majeure Event), pandemic, epidemic, quarantine, nuclear, chemical or biological radiation or radioactive contamination; Good Industry Practice means using standards, practices, methods and procedures and exercising that degree of skill and care, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced person engaged in a similar type of undertaking under the same or similar circumstances; Hazardous Waste means any waste or materials that may be harmful to human health or the environment and as such are classified as hazardous waste under Environmental Law, including asbestos, chemicals and paint; Incident has the meaning given to that term in Clause 10.2; Initial Term has the meaning given to that term in Clause 26.2; Initial Term End Date has the meaning given to that term in Section 1F of the Cover Sheet;