First Extension Term definition

First Extension Term shall have the meaning set forth in Section 2.3.3(b) hereof.

First Extension Term shall have the meaning set forth in Section 6.1(b).

First Extension Term has the meaning set forth in Section 2.10.

Examples of First Extension Term in a sentence

• The Company may exercise the option conferred by this paragraph at any time within 30 days after the last day of the First Extension Term by mailing written notice of such exercise to Employee.

• If the Company exercises its option to extend Employee's obligations as set forth in the preceding paragraph, then the Company shall have the option to extend Employee's obligations under Section 3.1 for one additional year (the "Second Extension Term") beyond the end of the First Extension Term.

• The Company shall have the option to extend Employee's obligations under Section 3.1 for one additional year (the "First Extension Term") beyond the end of the Employment Term.

• Tenant shall have the right to extend this Lease for the Leased Properties as a group, at Tenant's option, for one One Hundred and Twenty (120) month renewal term from the expiration of the Term (the "First Extension Term"), provided that no Event of Default (as defined in Section 9.01 hereof) shall exist and be continuing.

• In addition, Tenant shall have the right to extend this Lease for the Leased Properties as a group at Tenant's option, for a second One Hundred and Twenty (120) month renewal term from the expiration of the First Extension Term (the "Second Extension Term", each an "Extension Term", and collectively with the First Extension Term, the "Extension Terms") provided that no Event of Default (as defined in Section 9.01 hereof) shall exist and be continuing.

More Definitions of First Extension Term

First Extension Term has the meaning set forth in Section 2.5.

First Extension Term. Defined in Section 3.07(a).

First Extension Term has the meaning ascribed thereto in section 3.2(a).

First Extension Term has the meaning set forth in Section 2.03(d) of this Loan Agreement.

First Extension Term means as described in Section 2.8.

First Extension Term means the period of time beginning upon the expiration of the Primary Term and ending sixty (60) calendar months thereafter.

First Extension Term has the meaning given to that term in Clause 26.2(a); FOIA means the Freedom of Information Act 2000, and any subordinate legislation made under that Act from time to time, together with any guidance and/or codes of practice issued by the Information Commissioner’s Office or relevant government department in relation to such legislation; Force Majeure Event means, in respect of an Affected Party, an act, event or circumstance (other than lack of funds) which is beyond the reasonable control of the Affected Party, including an act of God, war or threat of or preparation for war, armed conflict, flood, earthquake, windstorm, or other natural disaster, sabotage, riot, insurrection, civil commotion, civil unrest, martial law, major systems failure (except that the failure of systems controlled by the Affected Party (or its sub-contractors) shall not constitute a Force Majeure Event) strike or other industrial dispute (except that an industrial dispute, strike or other action involving (where UCL is the Affected Party) only employees of UCL or (where Supplier is the Affected Party) only the Supplier Personnel shall not constitute a Force Majeure Event), pandemic, epidemic, quarantine, nuclear, chemical or biological radiation or radioactive contamination; Good Industry Practice means using standards, practices, methods and procedures and exercising that degree of skill and care, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced person engaged in a similar type of undertaking under the same or similar circumstances; Hazardous Waste means any waste or materials that may be harmful to human health or the environment and as such are classified as hazardous waste under Environmental Law, including asbestos, chemicals and paint; Incident has the meaning given to that term in Clause 10.2; Initial Term has the meaning given to that term in Clause 26.2; Initial Term End Date has the meaning given to that term in Section 1F of the Cover Sheet;