Examples of Second Extension Notice in a sentence
In the event that PG&E has provided the Backstop Party a timely and proper Second Extension Notice and this Backstop Commitment Letter remains in full force and effect, PG&E may extend the Second Extension Date to the 60th day following the Outside Date (the “Third Extension Date”) upon providing written notice to the Backstop Party of its intent to exercise this option (the “Third Extension Notice”) no later than three days prior to the Second Extension Date.
Upon Buyer’s delivery of the Second Extension Notice to Seller, Buyer’s Initial Deposit and Extension Deposit shall become immediately non-refundable to Buyer except in the event that the LLA Contingency is not satisfied or in the event of a Default by Seller, but shall nevertheless remain applicable to the Purchase Price.
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WHEREAS, pursuant to the Second Extension Notice, the current deadline for the Due Diligence Period isMonday, March 27, 2023 at 11:59 p.m. Central Standard Time.
Tenant shall give Landlord notice (hereinafter called the "Second Extension Notice") of its election to extend the term of the Lease Term at least nine (9) months, but not more than 12 months, prior to the scheduled expiration date of the First Extension Term.