Extension Privilege definition

Extension Privilege means the Maker's right to extend the Maturity Date of this Note from April 30, 1999 to December 31, 1999, subject to the conditions and according to the procedures set forth below in the paragraph entitled "Extension Privilege."
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Extension Privilege means any such rights and limitations set out on membership by the General Assembly on LCs designated as Extensions.
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Examples of Extension Privilege in a sentence

  • Paragraph 48 of the original lease, Extension Privilege of Lessee, pertaining to suite 4408 only, is hereby deleted.

  • The term of the Construction Loan shall be four (4) years (the "Initial Period"), with two one (1) year extensions (each one year extension period, an "Extension Period") granted to Borrower (an "Extension Privilege") on the terms and conditions set forth herein.

  • Unless refinanced pursuant to a Permanent Loan or unless Borrower exercises its Extension Privilege, a balloon payment shall be due on the Construction Loan Maturity Date or Extended Maturity Date, as applicable, in an amount sufficient to pay all outstanding principal, interest and other sums due in respect of the Construction Loan.

  • The monthly installment or, if then due, any balloon payment, of accrued interest and repayment of principal (including any penalties, fees or expenses attributable thereto and/or the pay down of the Mortgage Loan in connection with the exercise of the Mortgage Loan Extension Privilege) which the Partnership is obligated to make to Lender under the Deed of Trust Note and/or the Gap Note.

  • Paragraph 48 of the original lease, Extension Privilege of Lesee, pertaining to suite 4408 only, is hereby deleted.