Examples of Period 2 in a sentence
The M2M Entitlement Periods are as follows: M2M Entitlement Period 1: December, January, and February; M2M Entitlement Period 2: March, April, and May; M2M Entitlement Period 3: June, July, and August; and M2M Entitlement Period 4: September, October, and November.
Where Period 1 is extended by the posting of a Drilling Deposit, Period 2 shall be reduced accordingly.
If a Drilling Deposit is posted, it will be refunded in full if the licence is validated as required to obtain tenure for Period 2 by the drilling of a well.
Any rental balance remaining at the end of Period 2 will be forfeit.
The notice contemplated in the preceding sentence shall set forth, to the extent the Special Servicer or Master Servicer, as applicable, has the requisite information or can reasonably obtain such information, (1) the amount of additional debt that was incurred in the related Due Period, (2) the total debt service coverage ratio calculated on the basis of such Mortgage Loan and additional debt, and (3) the aggregate LTV Ratio calculated on the basis of such Mortgage Loan and additional debt.