Permitted Extension definition

Permitted Extension means an extension of a Scheduled Contract Payment in the ordinary course of business for reasons unrelated to an Obligor's creditworthiness for a period not to exceed 2 months.
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Permitted Extension means an extension, an amendment or a replacement (whether effected through entry into new agreements and instruments or amendment of existing agreements and instruments, and whether with the same or different lenders) of the Interim Credit Agreement through a date not later than November 1, 2006, so long as (i) the aggregate availability thereunder does not exceed $3.0 billion, (ii) the terms thereof (other than the interest rates and other fees applicable thereunder) shall be substantially similar to those of the Interim Credit Agreement, (iii) the loans outstanding thereunder may be prepaid without premium or penalty, other than customary “breakage” fees associated with the prepayment of short-term loans on which interest accrues at rates based on the rates quoted in inter-bank markets and (iv) the facility is unsecured;
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Permitted Extension means, with respect any given Milestone or the Guaranteed Commercial Operation Date, a day-for-day extension to such Milestone or Guaranteed Commercial Operation Date due to Seller’s inability, as a result of events beyond Seller’s reasonable control, to either (i) interconnect the Gen-Tie Line with the Colstrip Transmission System or (ii) obtain any permit,
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Examples of Permitted Extension in a sentence

  • As such, Seller shall have demonstrated Commercial Operation per the terms of Appendix IV-2 by the date that is no later than twenty-four (24) months after the Effective Date of this Agreement, except as such date may be extended on a day for day basis for not more than a cumulative six (6) month period for a Permitted Extension (the “Guaranteed Commercial Operation Date”).

  • Notwithstanding the foregoing, if Seller claims more than one Permitted Extension under Section 3.9(c)(ii), such extensions cannot cumulatively exceed six (6) months and all Permitted Extensions taken shall be concurrent, rather than cumulative, during any overlapping days.

  • As such, Seller shall have demonstrated Commercial Operation per the terms of Appendix IV-2 by the date that is no later than thirty-six (36) months after the Effective Date of this Agreement, except as such date may be extended on a day for day basis for not more than a cumulative six (6) month period for a Permitted Extension (the “Guaranteed Commercial Operation Date”).

  • Notice of Permitted Extension is found in Section 2.9 of the draft joint standard contract.

  • Notwithstanding the foregoing, if Seller claims a Permitted Extension such extension cannot cumulatively exceed six (6) months and all Permitted Extensions taken shall be concurrent, rather than cumulative, during any overlapping days.

  • Law itself that negotiability is not affected by a mere referencein the instrument to the security.

  • As such, Seller shall have demonstrated Commercial Operation per the terms of Appendix IV by the date that is no later than twenty-four (24) months after the Effective Date of this Agreement, except as such date may be extended on a day for day basis for not more than a cumulative six (6) month period for a Permitted Extension (the “Guaranteed Commercial Operation Date”).

  • Sections 2.8 and 2.9 - Commercial Operation Date and ExtensionSome parties request a longer time period before the COD83 (24 months) is triggered and a longer time period under the Notice of Permitted Extension84 (six months).85 Other parties suggest a shorter time period for both the COD and Notice of Permitted Extension.

  • If the file failed validation, the e- mail message will provide explanations for the failure.

  • As such, Seller shall have demonstrated Commercial Operation per the terms of Appendix IV-2 by the date that is no later than June 30, 2024, except as such date may be extended on a day for day basis for not more than a cumulative six (6) month period for a Permitted Extension (the “Guaranteed Commercial Operation Date”).


More Definitions of Permitted Extension

Permitted Extension as defined in Section 2.24(a).
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Permitted Extension shall have the meaning set forth in Section 5.6.
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Permitted Extension shall have the meaning set forth in Section 8.01.
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Related to Permitted Extension

  • Debt service extension base means an amount equal to that

  • Second Extension Period means the period commencing on the day following the First Extended Scheduled Maturity Date and ending on the Second Extended Scheduled Maturity Date.

  • Line Extension means the provision of facilities (including, but not limited to, poles, fixtures, wires, and appurtenances) necessary for delivering electrical energy from the point of origin to one or more of the customer's points of delivery. Facilities provided by the Company to maintain, protect, upgrade, or improve its overall distribution system (even if necessary due to a customer's load addition) are not considered part of a line extension.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • REO Extension As defined in Section 3.16(a).

  • Non-Extended Facility has the meaning assigned to such term in Section 3.6(d).

  • Grace Period Extension Date means, if:

  • Extension Term means the time period defined in §2.C.

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Non-Extending Bank has the meaning set forth in Section 2.09(a) hereof.

  • Extension Effective Date has the meaning assigned to such term in Section 2.22(a).

  • Permitted Facility means a facility authorized by the general permit to discharge total nitrogen or

  • Permitted Exception means that, with respect to any representation, warranty or covenant with respect to the interest of the Buyer and its assignees in the ARSC Purchased Assets or any Servicer Default, that (i) prior to recordation (A) pursuant to Section 8.3 of this Agreement and/or Section 2.01(d)(i) of the Transfer and Servicing Agreement or (B) upon the sale of a Home to an Ultimate Buyer, record title to such Home may remain in the name of the related Transferred Employee, and no recordation in real estate records of any mortgage or any conveyance pursuant to the related Home Purchase Contract or Home Sale Contract in favor of any Transaction Party or any of the Buyer’s assignees and assigns pursuant to the Receivables Purchase Agreement will be made except as otherwise permitted under Section 2.01(d)(i) of the Transfer and Servicing Agreement and (ii) no delivery of any Home Purchase Contracts, Home Deeds and Equity Loan Notes to any custodian will be required.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Service Extension shall have the meaning set forth in Section 7.1(c).

  • Extension Conditions Defined in Section 3.06(a).

  • Permitted Existing Liens means the Liens on assets of the Borrower and its Subsidiaries identified as such on Schedule 1.1.3 to this Agreement.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

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

  • Permitted Exceptions shall have the meaning set forth in Section 4.3.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.

  • Extension Date has the meaning specified in Section 2.19(b).