Initial Extension Period definition
Examples of Initial Extension Period in a sentence
Each holder has a right (the "Initial Extension Right") at the end of the Initial Maturity Date to extend the Bond for another 12 months (the "Initial Extension Period") by giving written notice to that effect to the Company no later than sixty (60) days prior to the Initial Maturity Date.
Any holder that has elected to exercise its Initial Extension Right will also have a further right at the end of the Initial Extension Period to extend its Bond for another 12 months (the “Second Extension Period”) under the same notice conditions as stated in the Initial Extension.
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.
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.
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).
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.
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.
Any holder that has elected to exercise its Initial Extension Right will also have a further right at the end of the Initial Extension Period to extend its Bond for another 12 months (the "Second Extension Period") under the same notice conditions as stated in the Initial Extension.TENET FINTECH GROUP INC.
There will be no escalation of the rental rate during the Initial Term of this Contract and any Initial Extension Period.
The Independent Directors of the Company shall have the right to extend the term of the Agreement for up to five (5) successive thirty (30) day periods (each, an “Additional Extension Period”) upon at least forty-five (45) days’ notice prior to the expiration of the Initial Extension Period and upon at least thirty (30) days’ notice prior to the expiration of any Additional Extension Period.