Examples of Extension Proposal in a sentence
If either party fails to timely submit an Extension Proposal, the other party’s submitted proposal shall determine the Base Rent and escalations for the Extension Term.
If both parties submit Extension Proposals, then Landlord and Tenant shall meet within 7 days after delivery of the last Extension Proposal and make a good faith attempt to mutually appoint a single Arbitrator (and defined below) to determine the Market Rate and escalations.
However, if you have consented or are deemed to have consented to the Extension Proposal then (regardless of whether or not the Counterparty consents to the Extension Proposal) you will still be entitled to receive the Extension Payment Amount on the existing Maturity Date.
If the Counterparty does not consent to the Extension Proposal then the Maturity Date of the Notes will not be extended even if you have consented or are deemed to have consented to the Extension Proposal.
We hereby give you notice of the Margin which will apply following any extension of the Maturity Date and the Extension Payment Amount (per Calculation Amount of the Notes) due on the existing Maturity Date if you consent or are deemed to have consented to the Extension Proposal as follows: Margin: [+/-][•] per cent.