First Extended Term definition

First Extended Term as defined in Section 2.2.

First Extended Term is for ten (10) years and six (6) months, ending on December 31, 2016, and (ii) the "Second Extended Term" is for ten (10) years and six (6) months, ending on June 30, 2027.

First Extended Term means the period of time commencing from and after (but not including) the Initial Maturity Date until October __, 2016.

Examples of First Extended Term in a sentence

• The First Extended Term and the Second Extended Term are collectively referred to as the "Extended Terms." Each Extended Term shall commence on the day succeeding the expiration of the Fixed Term or the preceding Extended Term, as the case may be.

• His election would give a good balance to the work of the Commission, because I, as Chairman, am from Asia, our Brazilian colleague, the Chairman of Working Group II, is from the Group ofLatin American and Caribbean States and Mr. Zinsou, of course, is from the African Group.I would like to urge all members to agree to my proposal.

• References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

• The Base Rent, commencing on the first day of the calendar month immediately following the calendar month in which the third anniversary of the Commencement Date occurs ("INITIAL ADJUSTMENT DATE") shall be adjusted in accordance with the provisions of this Section 3.3 and shall, thereafter, be adjusted annually on each anniversary of the Initial Adjustment Date (each date an "ADJUSTMENT DATE") during the balance of the Term (including the First Extended Term and the Second Extended Term, if applicable).

• Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be.

More Definitions of First Extended Term

First Extended Term. [Confidential treatment has been requested] Second Extended Term: [Confidential treatment has been requested] Third Extended Term: [Confidential treatment has been requested] Such option to extend shall be exercised by the LESSEE by giving written notice to LESSOR by Certified Return Receipt mail not less than one hundred eighty (180) days prior to the expiration of the then existing term.

First Extended Term shall have the meaning set forth in Article I.

First Extended Term shall have the meaning set forth in Section 6.01(a).

First Extended Term. If $300,000 cumulatively has been paid to Producer during the Initial and First Extended Term, then Distributor may extend the term another two years (Second Extended Term).

First Extended Term means a period of five (5) years commencing upon the expiration of the Initial Term.

First Extended Term as defined in Section 2.2. Fiscal Year shall mean each twelve month period commencing on January 1 and ending on December 31. Fixed Charges shall mean the aggregate for all Shelbourne Entities of all (a) Interest Expenses, (b) all regularly scheduled principal amortization payments on all Debt,(c) all preferred dividend payments paid or payable by the Shelbourne OP or the Shelbourne REIT, (d) all Tax Expenses, and (e) all Ground Lease Payments, all of the foregoing as determined in accordance with GAAP and acceptable to Agent.

First Extended Term means the period described on the First Extended Term in Schedule 1 and commencing on the day after the expiry of the Term;