Initial Extension Period definition
Examples of Initial Extension Period in a sentence
Tenant's exercise of its right to extend the Term for the Initial Extension Period, as herein provided, shall be a condition precedent for Tenant's right to extend the Term for the Second Extension Period.
Landlord and Tenant each desire to execute this Amendment to confirm the extension of the Term of the Lease for the Initial Extension Period on the terms and conditions herein provided.
Within thirty (30) days after receipt of Tenant’s notice of exercise, Landlord shall notify Tenant in writing of Landlord’s estimate of the Base Monthly Rent for the Initial Extension Period, based on the provisions of Paragraph 15.2 above.
Notwithstanding anything to the contrary contained in Section 11 of the Agreement, the amount of the expenses reimbursed to the Advisor by the Company shall be no more than (x) $722,000 for the Initial Extension Period and (y) $240,666.66 per each Additional Extension period; provided, that in each case, such reimbursement shall be paid in cash on a monthly basis.
The third extension would run from the expiration of the Initial Extension Period to January 1, 2022 (“Final Extension Period”); provided that Developer delivers a written request for such extension prior to expiration of the applicable Initial Extension Period, and provided further that Developer is not then in default under this Agreement.
If the option is exercised in a timely fashion, the Lease shall be extended for the term of the Initial Extension Period upon all of the terms and conditions of this Lease, provided that the Base Monthly Rent for the Initial Extension Period shall be 95% of the Fair Market Rent for the Leased Premises, increased as set forth below.
Customer may, at its option, extend the Initial Extension Period for another renewal term of five (5) years (the “Second Extension Period” and the Initial Extension Period and the Second Extension Period, each, an “Extension Period”) by providing written notice of its intent to Operator no less than three hundred sixty- five (365) calendar days prior to the end of the Initial Extension Period.
Parent shall deposit, or cause to be deposited, into the Trust Account, such funds as are required pursuant to the Trust Agreement and Parent’s amended and restated certificate of incorporation to extend the period of time for Parent to complete an initial business combination for such additional one month periods up to three times through the Initial Extension Period.
The Borrower's request to extend the Maturity Date for any Advance shall be delivered to the Lender in the form attached hereto as Exhibit G.1 or Exhibit G.2, as applicable, no later than three (3) Business Days, and no earlier than ten (10) Business Days, prior to the Maturity Date (in the case of an initial extension request) or the expiration of the Initial Extension Period (in the case of a second extension request).
If Contributor consents, in its sole and absolute discretion, to allow Plymouth to pursue such Phase II investigations with respect to the Property, then Plymouth may elect to extend the Initial Inspection Period for an additional thirty (30) days (the “Initial Extension Period,” and the Initial Inspection Period as so extended by the Initial Extension Period, the “Inspection Period”).