Second Extension Period definition
Examples of Second Extension Period in a sentence
Unless Lessor otherwise agrees in writing, any purported assignment of the Lease by Lessee or any purported sublease by Lessee of any part of the Premises after the date Lessee purportedly exercised the Second Options to Extend and before commencement of the Second Extension Period shall automatically and retroactively cause said exercise to become null and void and of no force or effect, in which event the term of this Lease shall terminate and expire on November 30, 2005.
Borrower shall continue to pay a monthly payment of principal equal to the Monthly Principal Installment on the first (1st) day of each month during the Second Extension Period, which installments of principal shall be due and payable in addition to accrued interest due and payable under the Note on each such date.
Within ten (10) days after the expiration of the Second Extension Period, if any, PathNet shall, upon request by Incumbent, sell to Incumbent the radios and radio software relating to the Initial System for a purchase price of one dollar ($1.00).
Guarantor acknowledges that Borrower has the right to extend the Maturity Date of the Loans for the First Extension Period, the Second Extension Period and the Third Extension Period on the terms and conditions set forth in the Loan Agreement; hereby consents to the extension of the Maturity Date for each of such periods; and hereby agree that no further consent is required from Guarantor in connection with any such extension.
Tenant hereby irrevocably exercises its option to extend the Lease Term for the Second Extension Period and Landlord acknowledges that the Lease Term is hereby extended for the Second Extension Period.