Second Extension. At any time between the 10th and 11th month of the First Extension and provided (i) no event of default exists under the Loan, (ii) the Debt Service Coverage at the Property is at least 1.40x, (iii) the loan to value ratio is not greater than 55%, and (iv) Borrower pays an extension fee in the amount of .50% of the then-current outstanding principal amount of the Loan, Borrower will have the option to extend the then-existing Term for an additional 12-month extension term (the “Second Extension”) on the same terms and conditions as the First Extension.
Second Extension. So long as no Event of Default or Default shall be in existence on the date on which notice is given in accordance with the following clause (i) and on the Maturity Date (as extended in accordance with Section 2.20(a)), Borrower may extend the Maturity Date to October 25, 2018, upon satisfaction of the following: (i) delivery of a written request to Administrative Agent at least thirty (30) days, but no more than ninety (90) days, prior to the Maturity Date then in effect; (ii) payment to Administrative Agent for the benefit of the Lenders of a facility extension fee equal to twenty (20) basis points of the aggregate Commitments of the Lenders, which fee shall be payable on or before the then applicable Maturity Date; and (iii) payment by Borrower of all fees and expenses to Administrative Agent and the Lenders to the extent then due. Such extension shall be evidenced by delivery of written confirmation of the same by Administrative Agent to Borrower.
Second Extension. Upon request of the Teacher, made at any time after the commencement of the first extension and thirty (30) days prior to its expiry, the Board shall grant a further extension of such leave for one additional school year.
Second Extension. Provided that the Borrower has extended the Termination Date in accordance with Section 2.16(a), then at least 30 days but not more than 90 days prior to the Termination Date as so extended, the Borrower, by written notice to the Administrative Agent, may request, with respect to the Commitments then outstanding, a single one-year extension of the Termination Date. The Administrative Agent shall promptly notify each Lender of such request and the Termination Date in effect at such time shall, effective as at the Termination Date (the “Second Extension Date”), be extended for an additional one year period, provided that, on the Second Extension Date the following statements shall be true and the Administrative Agent shall have received for the account of each Lender Party a certificate signed by a duly authorized officer of the Borrower, dated the Second Extension Date, stating that: (x) the representations and warranties contained in Section 4.01 are true and correct on and as of the Second Extension Date (except to the extent that such representations and warranties relate solely to an earlier date (in which case such representations and warranties shall have been true and accurate on and as of such earlier date)), and (y) no Default has occurred and is continuing or would result from such extension. In the event that an extension is effected pursuant to this Section 2.16(b), the aggregate principal amount of all Advances shall be repaid in full ratably to the Lenders on the Termination Date as so extended. As of the Second Extension Date, any and all references in this Agreement, the Notes, if any, or any of the other Loan Documents to the “Termination Date” shall refer to the Termination Date as so extended.
Second Extension. Buyer shall have the right to extend the Closing Date until December 31, 2000 upon payment of an additional deposit of $1,000,000 in cash (making the total deposit $4,150,000)."
Second Extension. 7.2.1 If a Borrower has extended the original Final Maturity Date pursuant to Clause 7.1.1, to the extent that no Default has occurred and is continuing at the time, a Borrower may request that the Final Maturity Date for Facility A be extended for a further period of 12 Months (the Second Extension Period) by giving written notice to the Lender at any time before the date which is no later than 3 Months before the expiry of the First Extension Period.
Second Extension. In the event You have been granted the Initial Extension set forth above, then on or before the expiration of the Initial Extension, but no earlier than ninety (90) days prior to the expiration of the Initial Extension, You may request in writing an additional extension of the Availability Period for a period of up to twelve (12) months (the “Second Extension”) conditioned upon: (a) confirmation reasonably satisfactory to Us that You have completed the Availability Period Extension Milestone, (b) no Default or Event of Default has occurred and is continuing as of the date thereof and (c) receipt of the Availability Extension Fee. We may approve, in Our sole discretion, the Second Extension in the absence of Your completion of the Availability Period Extension Milestone. In no event shall the aggregate Availability Period exceed thirty-six (36) months from the Closing Date, unless otherwise agreed to in writing by the Parties.
Second Extension. On or about July 1, 2022, provided the CITY 11 determines that the CONTRACTOR has not failed to meet and maintain the minimum diversion 12 requirements set forth in Article 5 for two (2) consecutive years and has met the service 13 requirements in this Agreement, the CITY shall be obligated to offer the CONTRACTOR in 14 writing a three (3) year extension of this Agreement. CONTRACTOR shall provide written notice 15 to the CITY as to whether CONTRACTOR accepts or rejects the CITY’s offer within twenty (20) 16 Work Days of the date of the offer. If CONTRACTOR fails to provide such notice to the CITY 18 have no obligation to extend the term of this Agreement beyond June 30, 2024. If the term of 19 this Agreement is extended, the compensation provisions of Article 4 shall not be subject to 20 negotiation. However, the compensation payable to CONTRACTOR shall be adjusted annually 21 throughout the extended term as provided in Article 4.
Second Extension. In the event that the Company does not pay the Notes in full by March 24, 2008, the Maturity Date shall be extended to April 24, 2008, so long as the interest due as of March 24, 2008 is paid in full by the Company and the Company issues to each Purchaser a Warrant to purchase a number of shares of Common Stock equal to the quotient obtained by dividing (i) an amount equal to 6.25% of the outstanding principal amount of such Purchaser’s Note, less any amount of such Note prepaid by the Company prior to March 24, 2008, by (ii) an exercise price of $0.25. For example, if the principal amount of a Note is $500,000, then the Company shall issue to the Purchaser holding such Note an additional Warrant to purchase 250,000 shares of Common Stock (($500,000*0.0625)/$0.25).
Second Extension. If the Borrower has extended the Initial RC Maturity Date in accordance with Section 2.16(a), at least 30 days but not more than 120 days prior to the First Extended RC Maturity Date, the Borrower, by written notice to the Administrative Agent, may request an additional six-month extension of the First Extended RC Maturity Date. The Administrative Agent shall promptly notify each Lender of such request and the First Extended RC Maturity Date shall, effective as of the Second Facility Extension Date (as defined below), be extended for an additional six-month period (the last day of such period being the “Second Extended RC Maturity Date”), provided that, on the Second Facility Extension Date (i) the Administrative Agent shall have received payment in full of the extension fee set forth in Section 2.08(d) and (ii) the following statements shall be true and the Administrative Agent shall have received for the account of each Lender Party a certificate signed by a Responsible Officer of the Borrower, dated the Second Facility Extension Date, stating that: (A) the representations and warranties contained in Section 4.01 are true and correct in all material respects on and as of the Second Facility Extension Date (unless qualified as to materiality or Material Adverse Effect, in which case such representations and warranties shall be true and correct in all respects) and (B) no Default has occurred and is continuing or would result from such extension. “Second Facility Extension Date” means the first date after the delivery by the Borrower of the extension notice described above in this Section 2.16(b) that the conditions set forth in clauses (i) and (ii) of the proviso above are satisfied. In the event that an extension is effected pursuant to this Section 2.16(b) (but subject to provisions of Sections 2.05, 2.06 and 6.01), the aggregate principal amount of all Advances in respect of the Revolving Credit Facility shall be repaid in full ratably to the applicable Lenders on the Second Extended RC Maturity Date. As of the Second Facility Extension Date, any and all references in this Agreement, the Notes, if any, or any of the other Loan Documents to the “Maturity Date” in respect of the Revolving Credit Facility shall refer to the Second Extended RC Maturity Date.
