First Extension Option definition

First Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

First Extension Option shall have the meaning set forth in Section 5(a).

First Extension Option has the meaning given that term in Section 2.12(a).

Examples of First Extension Option in a sentence

• Subject to the provisions of this Section 5, Mezzanine Borrower shall have the option (the First Extension Option), by irrevocable written notice (the First Extension Notice) delivered to Mezzanine Lender no later than thirty (30) days prior to the Initial Maturity Date, to extend the Maturity Date to November 11, 2010 (the First Extended Maturity Date).

• In the event Mezzanine Borrower shall have exercised the First Extension Option, Mezzanine Borrower shall have the option (the Second Extension Option), by irrevocable written notice (the Second Extension Notice) delivered to Mezzanine Lender no later than thirty (30) days prior to the First Extended Maturity Date, to extend the First Extended Maturity Date to November 10, 2011 (the Second Extended Maturity Date).

• Borrower may only exercise the Second Extension Option if it has exercised the First Extension Option in accordance with this §2.12.

• Such fees shall be due and payable in full on the date the Administrative Agent receives the Extension Request with respect to the First Extension Option or the Second Extension Option, as applicable, pursuant to such Section.

• Subject to the provisions of this Section 5, Borrower shall have the option (the First Extension Option), by irrevocable written notice (the First Extension Notice) delivered to Lender no later than thirty (30) days prior to the Initial Maturity Date, to extend the Maturity Date to November 11, 2010 (the First Extended Maturity Date).

More Definitions of First Extension Option

First Extension Option. 2.7.1 “Fixtures” – Mortgage “Flagging Costs” - 4.34(e)

First Extension Option shall have the meaning set forth in Section 5(a). Holder shall have the meaning provided in the first paragraph hereof. Initial Maturity Date shall mean November 12, 2009.

First Extension Option shall have the meaning given to such term in Section 2.14.

First Extension Option. 2.7.1 “Government Lists” - 4.32(b) “Improvements” - Mortgage “Increased Costs” - 2.9.1 “Indemnified Liabilities” - 4.30

First Extension Option means the Borrower's option to extend the Termination Date, as more fully set out in Section 3.4(e)(i).

First Extension Option has the meaning provided in Section 2.19(a) of this Agreement.

First Extension Option. Section 2.4