Extension Term definition

Extension Term means the time period defined in §2.C.
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Extension Term shall have the meaning set forth in Section 2(b).
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Extension Term means the time period defined in §2.C
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Examples of Extension Term in a sentence

  • During the Lease Term (including any Extension Term), on the first Adjustment Date and on each Adjustment Date thereafter, the Base Annual Rental shall increase by an amount equal to the Rental Adjustment; provided, however, that in no event shall Base Annual Rental be reduced as a result of the application of the Rental Adjustment.

  • October 1, 2026 and annually thereafter during the Lease Term (including any Extension Term).

  • Commencing on the Extension Term Commencement Date (as defined below), Tenant shall pay Base Rent with respect to the Original Premises in the amount of $5.35 per rentable square foot of the Original Premises per month.

  • Notwithstanding anything to the contrary contained in this Second Amendment or in the Lease, the length of the final Extension Term shall be automatically shortened to be less than thirty-five (35) years (and the parties shall enter into an amendment to the Lease reflecting such change), if necessary in order to avoid Proposition 13 reassessment, which is triggered if a lease, including extension options, has a term of thirty-five (35) years or more.

  • The time period during which this Lease shall actually be in effect, including any Extension Term, is referred to as the “Lease Term.” Section 3.02.


More Definitions of Extension Term

Extension Term means the period of time by which the Grant Expiration Date is extended by the State through delivery of an updated Grant Award Letter
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Extension Term has the meaning set forth in Section 3.02.
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Extension Term has the meaning set forth in Section 2.1.
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Extension Term means the time period defined in §3. B.
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Extension Term has the meaning set forth in Section 4.2.
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Extension Term means the period of time by which the Grant Expiration Date is extended by the State through delivery of an updated Grant Award Letter, an amendment, or an Option Letter.
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Extension Term means the period of time by which the ARPA Expiration Date is extended by the State through delivery of an updated ARPA Letter.
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