Extending Party definition
Examples of Extending Party in a sentence
The Extending Party shall include in the Extension Notice its proposed Quantity for each year of the extension term.
In the event that one party is requested or wishes to extend the applicable statute of limitations for assessment and/or refund with respect to any federal Income Tax Return of the Consolidated Group or any Combined State Income Tax Return (a "Proposed Extension"), the party requested or wishing to extend the statute of limitations (the "Extending Party") must promptly notify the other party of its intent to extend such statute.
In the event either Seller or Purchaser elects to extend the Closing Date as herein provided, the party so electing (the "Extending Party") shall be responsible for paying the other party's per diem interest cost with respect to its loan caused by the Extending Party's extension of the original Closing Date.