Third Extension Period definition

Third Extension Period has the meaning assigned to such term in Section 2.5(3).

Third Extension Period. The period commencing on the day immediately following the Second Extended Facility Termination Date and ending on the Third Extended Facility Termination Date.

Third Extension Period has the meaning set forth in Section 2.19(a) hereof.

Examples of Third Extension Period in a sentence

• If Borrower shall have elected to extend the term of the Loans for the Second Extension Period or Third Extension Period in accordance with Section 2.5(2) or 2.5(3), respectively, Borrower hereby promises to pay during the Second Extension Period and Third Extension Period to the Administrative Agent (on behalf of the Lenders), monthly payments of principal in arrears on each Payment Date.

• The Maximum Contract Amount for the Third Extension Period of this Agreement as described in Paragraph 4 (TERM OF CONTRACT) shall not exceed DOLLARS ($X00,000).

• The Base Monthly Rent which is payable by Tenant during the first year of the Third Extension Period shall be equal to the Base Monthly Rent payable by Tenant during the last month of the Second Extension Period multiplied by one hundred and five percent (105%).

• The First Extension Period, Second Extension Period, Third Extension Period, Fourth Extension Period, Fifth Extension Period and Sixth Extension Period collectively shall be referred to as the “Extension Periods.” If Tenant elects to exercise an option to extend, it may exercise said option with respect to any, some or all of the Properties subject to this Lease immediately prior to the commencement of the applicable Extension Period.

• On or before one hundred and eighty (180) days prior to the expiration of the Third Extension Period, provided there are no material uncured Events of Default existing under the extended Lease, Tenant may extend the term of this Lease for an additional five (5) years by notifying Landlord of such intention in writing (“Fourth Extension Period”).

• The Base Monthly Rent which is payable by Tenant during the first year of the Fourth Extension Period shall be equal to the Base Monthly Rent payable by Tenant during the last month of the Third Extension Period multiplied by one hundred and five percent (105%).

More Definitions of Third Extension Period

Third Extension Period means the period commencing on the date immediately following the Second Extended Maturity Date and expiring on the Third Extended Maturity Date, as more fully set forth in Section 2.9 hereof.

Third Extension Period in their respective entireties. (d) Section 3.06 of the Repurchase Agreement is hereby amended by deleting the section in its entirety and replacing it with the following: “Section 3.06 Termination Date Extension Options and Maximum Amount Upsize Options. LEGAL02/39011234v4

Third Extension Period. The third one (1) year extension of the Termination Date granted by Buyer pursuant to Section 3.06. “Transaction”: With respect to the Assets purchased on each Purchase Date, the sale and transfer of all such Assets from Seller to Buyer pursuant to the Repurchase Documents against the transfer of funds from Buyer to Seller representing the Purchase Price or any additional Purchase Price for such Assets. “Transaction Request”: Defined in Section 3.01(a). “Transferor”: The seller of an Asset under a Purchase Agreement. “Type”: With respect to a Mortgaged Property underlying any Purchased Asset, such Mortgaged Property’s classification as one of the following, as designated by Buyer in its sole discretion on the related Confirmation: multifamily, retail, industrial, office, manufactured housing, student housing and hospitality. For the avoidance of doubt, the Type shall reflect a Mortgaged Property’s primary use. If a Mortgaged Property is a mixed use property, then Buyer shall determine, in its sole discretion, the primary use of such Mortgaged Property. “UCC”: The Uniform Commercial Code as in effect in the State of New York; provided, that, if, by reason of a Requirement of Law, the perfection, effect on perfection or non-perfection or priority of the security interest in any Purchased Asset is governed by the Uniform Commercial Code as in effect in a jurisdiction other than New York, then “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such perfection or priority. “Underlying Obligor”: Individually and collectively, as the context may require, (a) in the case of any Purchased Asset that is a Whole Loan, the Mortgagor and each obligor and guarantor under such Purchased Asset, including (i) any Person who has not signed the related Mortgage Note but owns an interest in the related Mortgaged Property, which interest has been encumbered to secure such Purchased Asset, and (ii) any other Person who has assumed or guaranteed the obligations of such Mortgagor under the Purchased Asset Documents relating to such Purchased Asset, (b) in the case of any Purchased Asset that is a Senior Interest, the Mortgagor and each obligor and any other Person who has assumed or guaranteed the related Whole Loan, and (c) in the case of any Purchased Asset that is a Mezzanine Loan, the borrower under the related Mezzanine Loan, and any other Person who has assumed or guaranteed the obligation o...

Third Extension Period as defined in Schedule 2.

Third Extension Period means the Term as extended hereby, and all references in the Lease and later references in this Ninth Amendment to the “Expiration Date” shall mean the Expiration Date as defined above.