Terms of Extension. In the event the applicable option is exercised in a timely fashion, the Lease shall be extended for the term of the applicable extension period upon all of the terms and conditions of this Lease.
Terms of Extension. The term of the Addendum is deemed retroactively to have commenced on May 9, 2007, the same date as the Original Lease and for the same duration, terminating on May 8, 2056 with the same option to extend the term of the lease on the Extension for an additional period of 49 years.
Terms of Extension. In the event that Tenant effectively exercises the option(s) herein granted, then all of the terms and provisions as are applicable during the Primary Term shall likewise be applicable during the Extension Terms except:
Terms of Extension. The Extended Term shall be upon the same terms and conditions as are set forth herein for the Initial Term of this Lease, except that the Lease Year Base Rent payable in the first Lease Year of each Extended Term pursuant to this Lease shall be an annual amount computed by multiplying the Base Rent of the preceding Lease Year by 102.5% (the “Extended Term Base Rent”). The Extended Term Base Rent for each Lease Year of the Extended Term succeeding the first Lease Year during the Extended Term shall be an amount computed by multiplying the Extended Term Base Rent of the preceding Lease Year by 102.5%. The Base Rent payments due for the Extended Term are set forth on Exhibit “A-2.” ARTICLE EIGHTEEN Relocation of Tenant
Terms of Extension. With respect to all Extensions consummated by the Borrower pursuant to this Section 2.26, (i) such Extensions shall not constitute voluntary or mandatory payments or prepayments for purposes of Sections 2.11, 2.12, 2.18 or 12.7, (ii) each Extension Offer is required to contain a condition (a “Minimum Extension Condition”) to consummating any such Extension that a minimum amount (to be determined and specified in the relevant Extension Offer in the Borrower’s discretion) of any or all applicable Tranches be tendered and (iii) in the case of an Extension Offer with respect to Revolving Commitments, if the amount extended is less than the L/C Commitment and/or the Swingline Commitment, the L/C Commitment and/or the Swingline Commitment shall be reduced ratably (or as otherwise agreed by the Issuing Lender and/or Swingline Lender) upon the date that is five Business Days prior to the Termination Date of the Tranche being extended (to the extent needed so that the aggregate amount of the L/C Commitment and/or the Swingline Commitment does not exceed the aggregate Revolving Commitments which would be in effect after such Termination Date), and, if applicable, the Borrower shall prepay Swingline Loans and/or furnish Cash Collateral for any issued Letters of Credit in accordance with the requirements of Section 2.3(b).
Terms of Extension. The terms of the 2021-2023 Collective Bargaining Agreement will be extended for a duration of one year (July 1, 2023, through June 30, 2024). The applicable changes are listed below:
Terms of Extension. Tenant shall exercise an extension option by giving notice to Landlord of Tenant’s intention to do so not more than three hundred sixty (360) days or less than one hundred eighty (180) days prior to the expiration of the Lease Term or the then applicable Extension Term (the “Extension Notice”). If the Base Rent for any Extension Term (the “Extension Rent”) is not determined by the expiration of the current Term, then Tenant shall pay monthly Base Rent to Landlord at a rate equal to One Hundred and Five percent (105%) of the most recent rate of monthly Base Rent in effect on the expiration date of the current Term or the immediately preceding Extension Term, as applicable, until a final decision is reached, and then Landlord and Tenant shall adjust payments made for the Extension Rent with Tenant paying Landlord any amount due within ten (10) days of the final decision, and Landlord shall apply any amount owed to Tenant to the next installment or installments of Base Rent due and payable.
Terms of Extension. An Extension Term shall incorporate all of the agreements, terms, covenants, and conditions hereof binding upon Tenant except that: (i) Base Rent shall be as provided in Section 2.2.3, (ii) except as provided in clause (iii) below, Landlord shall have no obligation to perform any work or make any contribution to work to prepare the Premises for Tenant’s use during the Extension Term, (iii) Tenant will receive the benefit of any Lease Concessions agreed upon by Landlord and Tenant pursuant to Section 2.4.2 or set forth in Landlord’s Arbitration Notice pursuant to Section 2.4.3; and (iv) Tenant shall have no further right to extend the Term beyond the Second Extension Term. Upon the commencement of an Extension Term, (x) the Extension Term shall be added to and become part of the Term (but shall not be considered part of the initial Term, (y) any reference to “this Lease”, to the “Term”, the “term of this Lease” or any similar expression shall be deemed to include such Extension Term, and (z) the last day of the Extension Term shall become the Lease Expiration Date. Landlord and Tenant shall promptly execute and exchange an appropriate amendment to this Lease, reasonably satisfactory to the parties and confirming the terms, conditions and provisions applicable to the Premises during the Extension Term in accordance with this Section, but neither Landlord’s nor Tenant’s failure to execute such amendment shall relieve Tenant of its obligation to lease the Premises on the terms and conditions set forth in this Lease.
Terms of Extension of Contract validity period. In case if the Contractor decide on extension of the period of validity of the present Contract, it shall in accordance with the legislation of the Republic of Kazakhstan, not later than 12 (twelve) months before the expiry date of the planning period of validity of the Contract, forward to the Competent body application with request to prolong the term of the Contract validity. Such application shall contain the bases of extension, period of extension and program of extension and psending funds for the period of extension. The Competent body shall in accordance with the state legislation consider it in spirit of good faith and cooperation and to make a decision.
Terms of Extension. All terms and conditions of this Lease, ------------------ shall remain in full force and effect during the Extension Period, except that the Base Rent and Additional Rent payable during the Extension Period shall be the then Current Market Rental Rate as of the commencement of the Extension Period, as such rate is defined pursuant to this section, provided that such amount as so calculated shall not be less than the Base Rent and Additional Rent for the Premises which is in effect for the calendar month immediately prior to the commencement of the Extension Period.
