Extended Terms definition

Extended Terms shall have the meaning given such term in Section 2.4.

Extended Terms. As defined in Section 1.3.

Extended Terms. As defined in Article XIX.

Examples of Extended Terms in a sentence

• Tables 2, 3 and 4 also detail additional Fees that the Resident is subject to, including the cost of Extended Terms.

• All of the terms, covenants and provisions of this Agreement shall apply to each such Extended Term, except that Tenant shall have no right to extend the Term beyond the expiration of the Extended Terms.

• Tables 2, 3 and 4 also detail additional Fees that the Resident is subject to, including the mandatory Residence Life Activity Fee and the cost of Extended Terms.

• The term of service will automatically renew on a month-to-month basis (Extended Term) upon expiration of its Initial Term and Extended Term(s), unless either the Customer or the Company provides written notification to terminate the term, which must be received by the other party no more than 60 days prior to the expiration of the existing term.

• Such Initial Term and all such Extended Terms are collectively referred to herein as the “Employment Period.” Anything herein to the contrary notwithstanding, if on the date of a Change in Control the remaining term of the Employment Period is less than 24 months, the Employment Period shall be automatically extended to the end of the 24-month period following such Change in Control.

More Definitions of Extended Terms

Extended Terms shall have the meaning given such term in SECTION 2.4.

Extended Terms shall have the meaning given such term in Section -------------- ------- 2.4. ---

Extended Terms shall have the meaning set forth in Section 3.2. ----------------

Extended Terms. Two (2) five (5) year periods, subject to the provisions of Section 2.2.

Extended Terms. As defined in Article XIX and set forth on Exhibit D hereto. Facility: Each facility being (and to be) operated or proposed to be operated on the Leased Property, together with any Capital Additions, as more particularly described on Exhibit D attached hereto and incorporated herein by this reference.

Extended Terms. As defined in Section 1.4. FACILITY: The 90 unit, 110 bed, fully licensed assisted living facility known as American House Sarasota on the Land (together with related parking and other amenities), together with (after the Completion Date) the fully licensed assisted living facility addition (the assisted living facility addition is defined as the Project under the Leasehold Improvement Agreement) to be constructed on the Land (together with related parking and other amenities).

Extended Terms. The monthly Pre-Adjusted Allocated Minimum Rent for each Pool 10 Facility for the first (1st) Rent Year of each Extended Term, if any, shall be equal to the greater of (i) the monthly Pre-Adjusted Allocated Minimum Rent for such Pool 10 Facility in effect for the last Rent Year of the immediately prior Term, as increased by [***] or (ii) the lesser of (A) the monthly Pre-Adjusted Allocated Minimum Rent for such Pool 10 Facility in effect for the first (1st) Rent Year of the immediately prior Term, as increased by [***] of the positive aggregate CPI Cumulative Term Increase during the immediately prior Term, or (B) the monthly Pre-Adjusted Allocated Minimum Rent for such Pool 10 Facility in effect for the last Rent Year of the immediately prior Term, as increased by (1) with respect to the first (1st) Extended Term, [***] or (2) with respect to each Extended Term other than the first (1st) Extended Term, [***]. For the avoidance of doubt, when calculating monthly Pre-Adjusted Allocated Minimum Rent for the first (1st) Rent Year of the first (1st) Extended Term, the “immediately prior Term” shall be the Pool 10 Fixed Term, and when calculating monthly Pre-Adjusted Allocated Minimum Rent for the first (1st) Rent Year of the second (2nd) Extended Term, the “immediately prior Term” shall be the first (1st) Extended Term, and so forth. Upon the expiration of the first (1st) Rent Year of each Extended Term, if any, and upon the expiration of each Rent Year thereafter during such Extended Term, the then current monthly Pre-Adjusted Allocated Minimum Rent for each Pool 10 Facility shall be increased by [***]. As used herein, “CPI Cumulative Term Increase” shall mean the percentage increase (rounded to two (2) decimal places), if any, in (i) the Cost of Living Index published for the month which is one (1) month prior to the expiration of the applicable Term, over (ii) the Cost of Living Index published for the month which is one (1) month prior to the commencement of such Term (i.e., one (1) month prior to the commencement of the Fixed Term with respect to an increase being measured at the expiration of the Fixed Term, or one (1) month prior to the commencement of the applicable Extended Term with respect to an increase being measured at the expiration of an Extended Term).