The Extension Sample Clauses

The Extension. At the Effective Date, the Investor shall extend the Note maturity date to December 31, 2016. The Extension shall be evidenced by this Agreement to be appended to the Note.
Sample 1
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The Extension. On 8 August 2016, the Lender entered into (i) the Corporate Loan Extension Agreement with the Corporate Borrower and the Individual Borrowers as guarantors; and (ii) the Individual Loan Extension Agreement with the Individual Borrowers, pursuant to which the repayment date of each of the Corporate Loan and the Individual Loan was extended to 15 June 2017.
Sample 1
The Extension. Pursuant to the Corporate Loan Agreement dated 15 June 2015, the Lender, a wholly-owned subsidiary of the Company, advanced to the Corporate Borrower the Corporate Loan bearing interest at a rate of 12% per annum for a term of 12 months. Pursuant to the Individual Loan Agreement dated 15 June 2015, the Lender advanced to the Individual Borrowers the Individual Loan bearing interest at a rate of 12% per annum for a term of 12 months. The original repayment date of both the Corporate Loan and the Individual Loan was 15 June 2016. As the Corporate Borrower and the Individual Borrowers need more time to arrange for the financing of the repayment of the Corporate Loan and the Individual Loan respectively, on 8 August 2016, the Lender entered into (i) the Corporate Loan Extension Agreement with the Corporate Borrower and the Individual Borrowers as guarantors; and (ii) the Individual Loan Extension Agreement with the Individual Borrowers, pursuant to which the repayment date of each of the Corporate Loan and the Individual Loan was extended to 15 June 2017. Prior to the signing of the Corporate Loan Extension Agreement and the Individual Loan Extension Agreement, the Corporate Borrower and the Individual Borrowers had continued to pay interest accrued on the Corporate Loan and the Individual Loan at the rate of 12% per annum. The principal terms of the Corporate Loan (as extended by the Corporate Loan Extension Agreement) and the Individual Loan (as extended by the Individual Loan Extension Agreement) are summarised as follows:
Sample 1
The Extension. Option contained in Paragraph 1 of the Addendum to Lease is hereby deleted in its entirety, and is replaced with the following: Provided no event of default (or no event which, with the passage of time or the giving of notice or both, would constitute an event of default under the Lease) has occurred and is continuing beyond any applicable period of notice and cure, and provided Tenant has not assigned the Lease or sublet all or any portion of the Premises, Tenant shall have one option to extend the term of this Lease for all of the Premises, Expansion Premises, Second Expansion Premises, Third Expansion Premises and Fourth Expansion Premises (but not separate part thereof) for an additional five (5) year term by giving the Landlord written notice at least eight (8) months, but no more than twelve (12) months, prior to the expiration of the then current term of this Lease. Upon the giving of such notice, this Lease shall be considered as extended for such option term upon the same terms, conditions and covenants as are contained in this Lease except that there shall be no additional extension options, and except that charges for parking and for after hours HVAC shall be calculated at the rates than being charged by Landlord to other tenants in the Building for such services and except that the base rent shall be calculated by multiplying the number of rentable square feet of the Premises by the then-fair-market-base-rental-value, which then-fair-market-base-rental-value shall be determined in the manner set forth below.
Sample 1
The Extension. Jenadosa hereby agrees to extend the Maturity Date of the Notes, including the due date of any accrued and unpaid interest thereon until July 31, 2008, and to waive any event of default which may have occurred due to Nano’s failure to pay the Notes on the Maturity Date and/or any Default Interest which would otherwise have accrued on such Notes (collectively the “Extension”).
Sample 1
The Extension. 2.1 To give effect to the Extension and to carry out and implement the same with effect from the date of this Supplemental S&P Agreement, the definition of “Longstop Date” as set out in Clause 1.1 of the S&P Agreement shall be deleted in its entirety and replaced by the following definition: “Longstop Date 28th February 2022, or such later date as the Parties may otherwise agree in writing, being the date by which the Conditions shall be satisfied and/or fulfilled (or waived, as and where appropriate);”.
Sample 1

Related to The Extension

  • Term Extension It is understood and agreed that the State may extend the Term an additional period of time, not to exceed one hundred-eighty (180) days beyond the expiration date of this Grant Contract, under the same terms and conditions. In no event, however, shall the maximum Term, including all extensions or renewals, exceed a total of sixty (60) months.

  • Lease Extension If this Lease shall not have been terminated --------------- pursuant to any provisions hereof and there is no Material Breach (as defined herein) by Tenant hereunder at the time set for exercise of the Extension Terms (as herein defined) and at the time set for commencement thereof, then Tenant may, at Tenant's option, extend the term of this Lease for five (5) successive additional terms of four (4) years each (each an "Extension Term," collectively the "Extension Terms") commencing on the expiration of the original term, or the immediately preceding Extension Term, as the case may be. Tenant may exercise such option by giving Landlord written notice at least ten (10) months prior to the expiration of the original or the immediately preceding Extension Term, as the case may be. Upon the giving by Tenant to Landlord of such written notice and the compliance by Tenant with the foregoing provisions of this Paragraph 15, this Lease shall be deemed to be automatically extended upon all the Covenants, agreements, terms, provisions and conditions set forth in this Lease, except that Base Rent for each such Extension Term shall be as provided on Exhibit D. If Tenant fails or omits to so give to Landlord the written notice referred to above, Landlord shall provide Tenant with written notice of Tenant's failure to exercise the Extension Term, and upon receipt of such notice, Tenant shall be allowed fifteen (15) days to exercise the extension option allowed for herein. If Landlord fails to provide such notice, Tenant's renewal option shall expire upon the expiration of the then current term. Failure to respond to Landlord's notice within such fifteen (15) days shall be deemed to be a waiver by Tenant of its extension option hereunder.

  • Renewal, Extension The renewal or extension of any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Modification, Extension The issuance of any supplement, modification, amendment, renewal, or extension to any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Extension Time limits specified in this Agreement may be extended by mutual agreement.

  • Due Date Extension If any payment of principal or interest with respect to any of the Loans, or of any fees, falls due on a day which is not a Business Day, then such due date shall be extended to the immediately following Business Day (unless, in the case of a LIBOR Loan, such immediately following Business Day is the first Business Day of a calendar month, in which case such due date shall be the immediately preceding Business Day) and, in the case of principal, additional interest shall accrue and be payable for the period of any such extension.

  • Maturity Date Extension The Borrower shall be entitled to extend the Maturity Date for up to two (2) six-month extensions; provided that (i) no Default then exists, (ii) the Borrower gives the Administrative Agent, at least ninety (90) days but no more than one hundred twenty (120) days prior to the initial Maturity Date or the First Extension Maturity Date, as the case may be, written notice of such extension, (iii) on or prior to the initial Maturity Date or the First Extension Maturity Date, as the case may be, the Borrower pays to the Administrative Agent for the ratable benefit of the Banks an extension fee equal to 0.075% of the Total Commitments that will exist as of the first day of the first or second six-month extension, as the case may be (the “Extension Fee”), and (iv) the Administrative Agent shall have received on or prior to the initial Maturity Date or the First Extension Maturity Date, as the case may be, for the account of each Bank a certificate signed by a Responsible Officer of the Parent, dated as of the initial Maturity Date or the First Extension Maturity Date, as the case may be (the “Extension Date”), stating that: (a) the representations and warranties contained in Article IV are true and correct on and as of the applicable Extension Date as such representations and warranties may have changed based upon events or activities not prohibited by this Agreement, (b) no Default or Event of Default has occurred and is continuing or would result from such extension, and (c) the Borrower, Parent and each Material Subsidiary is in compliance with the covenants contained in Article VII immediately before and, on a pro forma basis, immediately after the extension, together with a Compliance Certificate or other reasonable supporting information demonstrating such compliance. The Borrower’s delivery of written notice to extend shall be irrevocable, and the Administrative Agent shall promptly notify each Bank of any such notice. In connection with any such extension, the parties hereto shall execute any documents reasonably requested in connection with or to evidence such extension. ARTICLE II

  • Extension Term Provided Lessee is not in default in the performance of any term or condition of this Lease, Lessee shall have the option to extend this Lease for two (2) additional terms of five (5) years per term, commencing with the expiration of the first or additional term, upon the following conditions:

  • Extension Period Any extension hereof shall be subject to the provisions of Article III hereof.

  • Extension of the Term The Term may be extended at the option of NAI for up to two successive periods of five years each; provided, however, that prior to each such extension the following conditions must have been satisfied: (A) NAI must have delivered a notice of its election to exercise the option at least one hundred eighty days prior to the end of the Term, and prior to the commencement of any such extension BNPPLC and NAI must have agreed in writing upon, and received the written consent and approval of BNPPLC’s Parent and all Participants (other than Participants being replaced at the request of NAI as provided in Paragraph 6) to, (1) a corresponding extension of the date specified in clause (1) of the definition of Designated Sale Date in the Common Definitions and Provisions Agreement and of the term of the Ground Lease, and (2) an adjustment to the Rent that NAI will be required to pay during the extension, it being expected that the Rent for the extension may be different than the Rent required for the original Term or any prior extension, and it being understood that the Rent for any extension must in all events be satisfactory to both BNPPLC and NAI, each in its sole and absolute discretion; (B) at the time of NAI’s exercise of its option to extend, no Event of Default has occurred and is continuing, and no Event of Default will result from the extension; (C) immediately prior to any such extension, this Lease must then remain in effect; and (D) if this Lease has been assigned by NAI, then NAI must have executed a guaranty (or confirmed an existing guaranty, if applicable), guaranteeing NAI’s assignee’s obligations under the Operative Documents throughout such extended Term. With respect to the condition that BNPPLC and NAI must have agreed upon the Rent required for any extension of the Term, neither NAI nor BNPPLC is willing to submit itself to a risk of liability or loss of rights hereunder for being judged unreasonable. Similarly, neither BNPPLC’s Parent nor any Participant is expected to submit itself to a risk of liability or loss of rights for being judged to have unreasonably withheld consent or approval to any extension of the Term. Accordingly, NAI, BNPPLC, BNPPLC’s Parent and Participants will each have sole and absolute discretion in making its determination, and both NAI and BNPPLC hereby disclaim any obligation express or implied to be reasonable in negotiating the Rent for any such extension. Subject to the changes to the Rent and satisfaction of the other conditions listed in this subparagraph, if NAI exercises its option to extend the Term as provided in this subparagraph, this Lease will continue in full force and effect, and the leasehold estate hereby granted to NAI will continue without interruption and without any loss of priority over other interests in or claims against the Property that may be created or arise after the Effective Date and before the extension.

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