Extension Period definition
Examples of Extension Period in a sentence
To exercise the redemption right under this Section 6(a), the holder must deliver a Notice of Redemption to the General Partner no later than one hundred eighty (180) days prior to the expiration of the then-current Initial Term or Extension Period, as applicable.
Accordingly, Extension Period 1 shall commence automatically on June 27, 2026.
The Partnership’s right to redeem Series A Preferred Units pursuant to this Section 7 shall be exercisable during any Extension Period and shall continue following the expiration of Extension Period 3.
In no event shall the terms of this Designation extend beyond the expiration of Extension Period 3 without the written consent of the holders of the Series A Preferred Units and the General Partner.
Unless a Notice of Redemption is timely delivered, Extension Period 1 shall commence automatically upon expiration of the Initial Term, Extension Period 2 shall commence automatically upon expiration of Extension Period 1, and Extension Period 3 shall commence automatically upon expiration of Extension Period 2.