Extension Right definition

Extension Right has the meaning specified in Section 5.02.

Extension Right has the meaning specified in Section 4.1(a)(ii).

Extension Right has the meaning specified in Section 3.9.

Examples of Extension Right in a sentence

• The period of time within which the Extension Right may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise the Extension Right.

• The Extension Right is personal to Tenant and is not assignable without Landlord’s consent, which may be granted or withheld in Landlord’s sole discretion separate and apart from any consent by Landlord to an assignment of Tenant’s interest in the Lease, except that they may be assigned in connection with any Permitted Assignment of this Lease.

• The Extension Right is personal to Tenant and is not assignable without Landlord’s consent, which may be granted or withheld in Landlord’s sole discretion separate and apart from any consent by Landlord to an assignment of Tenant’s interest in the Lease.

• The Extension Right shall terminate and be of no further force or effect even after Tenant’s due and timely exercise of the Extension Right, if, after such exercise, but prior to the commencement date of the Extension Term, (i) Tenant fails to timely cure any default by Tenant under this Lease; or (ii) Tenant has Defaulted 3 or more times during the period from the date of the exercise of the Extension Right to the date of the commencement of the Extension Term, whether or not such Defaults are cured.

• Each holder has a right (the "Initial Extension Right") at the end of the Initial Maturity Date to extend the Bond for another 12 months (the "Initial Extension Period") by giving written notice to that effect to the Company no later than sixty (60) days prior to the Initial Maturity Date.

More Definitions of Extension Right

Extension Right shall have the meaning set forth in Section 28.1 hereof.

Extension Right is defined in Section 4.1.

Extension Right has the meaning assigned in Section 2.8(1).

Extension Right shall have the meaning set forth in Section 5.1.

Extension Right. Three (3) three year options to extend. Base Rent: See Exhibit B. Permitted Uses: Housing, breeding, and conducting surgery on swine, including the harvesting of organs for use in humans. Parking: Tenant shall be entitled to the use of 8 unassigned, unreserved spaces within the parking lot serving the Premises without paying any additional Rent. Tenant's parking shall not be reserved and shall be limited to vehicles no larger than standard size automobiles or pickup utility vehicles. Tenant shall not cause large trucks or other large vehicles to be parked within the Premises except in accordance with the rules, regulations and directories set forth in Exhibit C hereto as such may be amended from time to time. Vehicles shall be parked only in designated spaces and not in driveways or other locations not specifically designated for parking. Security Deposit: Two (2) month’s Base Rent equal to Twenty-Four Thousand Eighteen and 00/100 Dollars ($24,018.00). Landlord’s Representative: Xxxxxxx X. Xxxxxxxx, Ph.D. 00 Xxxxxxxx Xxxxxx Xxxx Xxxxxxxxx, XX 00000 Tenant’s Representative and Notice Address: Xxxxx Xxxxxxx, MBA Xxxxxx Technologies, Inc. 0000 Xxxxxxx Xxxxxxxxx Suite 206 Los Angeles, CA 90048 Broker: None

Extension Right the right of the Borrowers to extend the Maturity Date from June 29, 2013 to November 1, 2013, which right (a) the Borrowers shall be entitled to exercise at any time after the Fifth Amendment Effective Date and prior to June 29, 2013 and (b) shall only be deemed exercised upon (i) receipt by the Lenders and the Agent after the Fifth Amendment Effective Date of a written notice of exercise from the Borrowers pursuant to Section 9.2 of the Credit Agreement and (ii) receipt by the Lenders after the Fifth Amendment Effective Date of payment in full by the Borrowers of the Extension Consideration; provided that at the time of receipt of such notice and payment no Default and no Event of Default shall have occurred and be continuing.”

Extension Right has the meaning ascribed to such term in Section 2.1(b).