Second Extension Period. Commencing at the end of the First Extension and terminating at the end of seventh year of Contract Period.
Second Extension Period. Provided the following conditions precedent shall have been satisfied, then Borrower shall be entitled (the “Second Extension Option”) to extend the First Extended Maturity Date to the Second Extended Maturity Date, subject to the satisfaction of the terms and conditions set forth in this Section. The Second Extension Option shall be granted to Borrower only if all of the following conditions have been simultaneously satisfied in each instance:
Second Extension Period. The term of the Lease is extended for a period of approximately 12 months (the “Second Extension Period”) commencing on September 1, 2012, and expiring on August 31, 2013. Tenant acknowledges that it has no further renewal, expansion or similar rights or options under the Lease, all of which are hereby deleted and of no further force and effect.
Second Extension Period. At the end of the First Extension Period, Oscient may exercise its option for the Second Extension Period if all of the following conditions are satisfied:
Second Extension Period. In the event the Average Sold Excess Capacity is at least ten percent (10%) or greater during the Initial Period and the First Extension Period, the term of the Agreement shall be automatically extended for a second extension period (the "SECOND EXTENSION PERIOD") commencing on the day after the expiration of the First Extension Period and expiring on the tenth (10th) anniversary thereafter.
Second Extension Period. If Company has exercised its rights pursuant to Clause 3.2 to extend the Lease Period to the twenty fifth anniversary of the Delivery Date, Company may give notice to Owner at any time on or before the date falling ***** days after the ***** anniversary of the Delivery Date, and the Lease Period shall continue until the thirtieth anniversary of the Delivery Date.
Second Extension Period. At the conclusion of the first Extension Period, Customer may elect to extend this Agreement for an additional consecutive twelve (12) months period (the “second Extension Term”) at the rates, discounts, charges and credits set forth in the Agreement. If Customer does not extend this Agreement at the conclusion of the Initial Term, Customer may continue to receive services at Company’s then-standard list and/or Guide rates and charges. Annual Minimum Commitment: $1,080,000 in Customer Usage Charges Rates and Charges:
Second Extension Period. Customer shall have the right to continue this Agreement at the end of the First Extension Period for a period of up to twenty four (24) months (the “Second Extension Period”). Customer shall notify Contractor of its election to exercise such right in writing not later than six (6) months prior to the end of the First Extension Period and such notice shall specify the last date of such Second Extension Period. The terms and conditions of this Agreement shall continue to apply during the Second Extension Period. Contractor shall obtain all necessary authorisations, licences, tax regularisations and any other legal or contractual requirements, as may be required for such extension.
Second Extension Period. In the event the Average Sold Excess Capacity is at least twenty percent (20%) during the Initial Period and the First Extension Period, the term of the Agreement shall be automatically extended for a second extension period (the "SECOND EXTENSION PERIOD") commencing on the day after the expiration of the First Extension Period and expiring on the tenth (10th) anniversary thereafter; provided PathNet shall notify Incumbent of its intent to exercise its option to extend the term of the Agreement at least one hundred and eighty (180) days prior to the end of the preceding term.
Second Extension Period. Purchaser shall pay Seller for the second ten (10) day Extension Period an extension fee in the amount of One Hundred Thousand and No/100 Dollars ($100,000.00) (the “Second Extension Fee”) in consideration of the extension of the Closing Date. Payment of the Second Extension Fee shall accompany the Extension Notice and shall be made to Seller at the notice address set forth in Section 16 of the Purchase and Sale Agreement. Purchaser shall not receive a credit against the Purchase Price payable at Closing for the Second Extension Fee. The Second Extension Fee shall be nonrefundable except in the event of a default by Seller under the terms of the Purchase and Sale Agreement.
