Second Extended Term definition

Second Extended Term means the period of time commencing from and after (but not including) the First Extended Term until October __, 2017.

Second Extended Term. If $400,000 cumulatively has been paid to Producer during the Initial, First and Second Extended Term, then Distributor may extend the term for another two years (the Third Extended Term).

Second Extended Term. Is defined in Article 45.3 hereof.

Examples of Second Extended Term in a sentence

• Annual Volume Commitment (“AVC”): $60,000.00 in Total Service Charges (“AVC”) during each contract year of the Term, Extension Term and Second Extended Term.

• Upon expiration of the Initial Term, Extension Term and Second Extended Term, the Agreement will be automatically extended on a month-to-month basis unless either party terminates the Agreement upon at least sixty (60) days written notice prior to the end of the Initial Term (“Extended Term”).

• If during the Second Extended Term, Customer’s Total Service Charges do not meet or exceed the Extended Term Volume Commitment, then Customer shall pay: (a) all accrued but unpaid charges incurred under this Agreement; and (b) an “Underutilization Charge” in an amount equal to twenty-five percent (25%) of the difference between the Second Extended Term Volume Commitment and Customer’s Total Service Charges during the Second Extended Term.

• Tenant shall pay Landlord Base Rent for the Term in advance in consecutive monthly installments payable on the first day of each month during the Term, the Extended Term, Second Extended Term and the Third Extended Term, commencing on the Commencement Date, in accordance with the Base Rent Schedule attached hereto as Exhibit D.

• With respect to the First Extended Term and Second Extended Term, upon request from Grantee, Owner shall execute, in recordable form, and Grantee may then record, a memorandum evidencing the First Extended Term and Second Extended Term, as applicable; provided that the execution of such memorandum is not necessary for such First Extended Term or Second Extended Term to be effective.

More Definitions of Second Extended Term

Second Extended Term on the same terms and provisions (other than with respect to renewal) as the Fixed Term, as set forth in the Lease; and (iii) provided that Tenant gives Landlord notice on or before the date which is six (6) months prior to the expiration of the Second Extended Term, upon the mutual agreement of Landlord and Tenant, the Lease shall be renewed for one (1) additional five (5) year term (the "Third Extended Term") on the same terms and provisions (other than with respect to renewal) as the Fixed Term, as set forth in the Lease. Tenant's right to so extend the Term of the Lease is conditioned on Landlord's prior approval of the Extended Term, Second Extended Term, or Third Extended Term, as the case may be. The term "Term" used in this Agreement means the Fixed Term, Extended Term, Second Extended Term and Third Extended Term, as appropriate. The term "Lease Year" means each twelve (12) month period during the Term commencing on January 1 and ending on December 31, except the first Lease Year of each Lease shall be the period from the Commencement Date through the following December 31, and the last Lease Year shall end on the date of termination of the Lease if a day other than December 31. Landlord may terminate this Lease prior to the expiration of the Term hereof, at any time following the date which is five (5) years from the date hereof, upon written notice to Tenant not less than eighteen (18) months prior to the effective date of such termination.

Second Extended Term shall have the meaning set forth in Article I.

Second Extended Term shall have the meaning set forth in Section 6.01(a).

Second Extended Term means the period commencing January 1, 2031, and continuing thereafter until and including the earlier of: (i) December 31, 2032; or (ii) the date this Agreement is terminated by the City or the Companies pursuant to a right to terminate as expressly provided herein provided the Additional Conditions Precedent to Second Extended Term have been satisfied.

Second Extended Term. $ per Square Foot Monthly Rent Annual Rent Year 1 $.53 $14,111.25 $169,335.00 Year 2 $.53 $14,111.25 $169,335.00

Second Extended Term. (hereinafter defined) (i) there exists no “Event of Default” (defined in Section 15.1 of the Lease) and there have been no more than three (3) Event of Default occurrences during the Term (ii) the Lease is still in full force and effect, and (iii) Tenant has neither assigned the Lease nor is then subletting more than twenty five percent (25%) of the Rentable Floor area of the Premises (except for an assignment or subletting permitted without Landlord's consent under Section 12.5 of the Lease), Tenant shall have the right to extend the Term of the Lease upon all the same terms, conditions, covenants and agreements contained in the Lease (except for the Annual Fixed Rent which shall be adjusted during the option period as hereinbelow set forth and except that there shall be no further option to extend) for one (1) period of five (5) years as hereinafter set forth. The option period is sometimes herein referred to as the “Second Extended Term.” Notwithstanding any implication to the contrary, Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of such option. (B) If Tenant desires to exercise said option to extend the Term, then Tenant shall give notice (the “Exercise Notice”) to Landlord, not earlier than fifteen (15) months nor later than twelve (12) months prior to the expiration of the First Extended Term exercising such option to extend. Promptly after Landlord's receipt of the Exercise Notice, Landlord shall provide Landlord's quotation to Tenant of a proposed annual rent for the Second Extended Term (“Landlord's Rent Quotation”). If at the expiration of thirty (30) days after the date when Landlord provides such quotation to Tenant (the “Negotiation Period”), Landlord and Tenant have not reached agreement on a determination of an annual rental for the Second Extended Term and executed a written instrument extending the Term of the Lease for the Second Extended Term pursuant to such agreement, then Tenant shall have the right, for thirty (30) days following the expiration of the Negotiation Period, to make a request to Landlord for a broker determination (the “Broker Determination”) of the Prevailing Market Rent (as defined in Exhibit E for the Second Extended Term, which Broker Determination shall be made in the manner set forth in Exhibit E. If Tenant timely shall have requested the Broker Determination, the...

Second Extended Term. 2.7.1 “Second Extension Notice” - 2.7.1 “Second Extension Option” - 2.7.1 “Secondary Market Transaction” - 9.1(a) “Securities” - 9.1(a) “Securities Act - 9.2(a) “Securitization” - 9.1(a) “Servicer” - 10.21 “Servicing Agreement” - 10.21 “Sole Member” – Schedule V “Special Member” - Schedule V “Springing Recourse Event” - 10.1 “Stated Maturity Date” – Section 1.1 - Definition of Maturity Date “Substitute Guarantor” – 7.1(h) “Summary Financial Information” – 9.5(b) “Third Extended Maturity Date” - 2.7.1