Lease Extension Option definition

Lease Extension Option. None (if applicable): Landlord's Name: Xxxxxx Xxxxxx Realty Company Landlord's Address: 000 Xxxxxxx Xxxx Waterbury, CT 06706 Purchase Option: None (if applicable)
Sample 1Sample 2
Lease Extension Option. None (if applicable): Landlord's Name: Rellum Realty Company Landlord's Address: 00 Xxxxxx Xxxx Milford, NJ 08848 Purchase Option: None (if applicable)
Sample 1Sample 2
Lease Extension Option. None (if applicable): Landlord's Name: Shaker Enterprises Landlord's Address: 172 Bateswood Road Xxxxxxxxx, XX 00000 Xxxxxxxx Xption: None (if applicable)
Sample 1

Examples of Lease Extension Option in a sentence

  • Notwithstanding Section 2, Lessee shall not be permitted to commence construction of any Wind Power Facilities on the Property (other than anemometers, meteorological towers, and wind measurement, monitoring and recording equipment and facilities) unless and until Lessee has exercised the Lease Extension Option.

  • Amendment #4 to Aircraft Lease Agreement and Exercise of Lease Extension Option, dated as of March 23, 2007, between ILFC and *.

  • The Borrower shall (and shall cause the Property Owners, as applicable, to) provide evidence to the Agent of the due exercise of each and every Ground Lease Extension Option at least thirty (30) days prior to the last date for such exercise (being no less than ninety (90) days prior to the subject Ground Lease term expiration date).

  • Lease Term : Unless terminated earlier in accordance with the terms of theLease Agreement, the lease of the marine containers shall commence on the Commencement Date and shall end on the fifth anniversary of the Commencement Date, subject to the Lease Extension Option.

  • Concurrently with the giving thereof, and within ten (10) Business Days of receipt thereof, copies of all notices, other than routine correspondence, given or received by Borrower, FT-FIN GP or any Property Owner with respect to any Ownership Interest Agreement, Ground Lease Extension Option, and/or Remainder Ground Lease Option.

  • Lease Extension Option: CBA USD Investments has granted a lease extension option to Florens, which must be exercised by Florens at least six months but not more than eight months from the expiry date of the original term (the “Lease Extension Option”).

  • Results could be materially different if demand for the Company’s products decreased because of economic or competitive conditions, or if products became obsolete because of technical advancements in the industry or by the Company.

  • Lease Extension Option : CBA USD Investments has granted a lease extension option toFlorens, which must be exercised by Florens at least six months but not more than eight months from the expiry date of the original term (the “Lease Extension Option”).

  • Class I Penalty Not to exceed $11,000 per violation nor shall the maximum amount exceed $27,500.

  • Landlord hereby grants to Tenant an option to extend the Term of this Lease ("Extension Option") on terms, conditions and provisions to be negotiated by Landlord and Tenant for one (1) period of five (5) years (the "Extension Period"), which Extension Period shall commence on the date immediately following the last day of the initial Term.


More Definitions of Lease Extension Option

Lease Extension Option. One two-year option with rental increase
Sample 1

Related to Lease Extension Option

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • First Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Renewal Option has the meaning set forth in §12.1.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

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

  • Option to Extend has the meaning given that term in Section 2.13.

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Time Extension shall have the meaning set forth in Clause 10.5;

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Minimum Extension Condition has the meaning specified in Section 2.15(b).

  • First Extension Period means the period of one (1) Contract Year commencing immediately after the conclusion of the Initial Exploration Period.

  • Base Lease means the Base Lease Agreement delivered concurrently with this Lease between the Company and the Issuer.

  • Line Extension means the provision of facilities (including, but not limited to, poles, fixtures, wires, and appurtenances) necessary for delivering electrical energy from the point of origin to one or more of the customer's points of delivery. Facilities provided by the Company to maintain, protect, upgrade, or improve its overall distribution system (even if necessary due to a customer's load addition) are not considered part of a line extension.

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • REO Extension As defined in Section 3.16(a).

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Non-Renewal Notice shall have the meaning set forth in Section 2.

  • Extended Terms shall have the meaning given such term in Section 2.4.

  • Extension Notice has the meaning specified in Section 308.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Service Extension shall have the meaning set forth in Section 7.1(c).