Extension Election definition

Extension Election has the meaning set forth in Section 2.16(c).

Extension Election shall have the meaning assigned to such term in Section 2.21(b).

Extension Election shall have the meaning provided in Section 2.14(g)(iii).

Examples of Extension Election in a sentence

• In the event that the aggregate amount of the Specified Existing Tranche subject to Extension Elections exceeds the amount of Extended Tranches requested pursuant to the Extension Request, the Specified Existing Tranches subject to Extension Elections shall be converted to Extended Tranches on a pro rata basis based on the amount of Specified Existing Tranches included in each such Extension Election.

• If an Extension Election occurs, the City shall hold harmless, defend and indemnify the Owner and the Indemnitees from all Claims arising from the City's continued use of or operations on the Property until the Premises are duly surrendered by the City.

• The revocation of an Extension Election prior to the Extension Request Deadline shall not prejudice any Lender’s right to submit a new Extension Election prior to the Extension Request Deadline.

• The City shall have an option to extend the surrender date by ninety (90) days (so that the surrender date is one hundred and twenty (120) days after notice of the Special Termination Right ("Extension Election")) if (i) it has not otherwise caused an Event of Default, (ii) the Coverage Failure is only with respect to Owner's property damage coverage, and (iii) the City makes its Extension Election within ten (10) days of Owner's notice of exercising its Special Termination Right.

• For the avoidance of doubt, no consent of the Trustee, the Control Party, the Controlling Class Representative, the Series 2018-1 Class A-1 Administrative Agent, any Noteholder or any other Secured Party shall be necessary for the effectiveness of the Series 2018-1 First Extension Election, the Early Extension Option or the Series 2018-1 Second Extension Election.

More Definitions of Extension Election

Extension Election has the meaning specified in Section 2.7(b).

Extension Election as defined in Section 2.5(b).

Extension Election as defined in Subsection 2.10(b).

Extension Election as defined in Section 4.18(b).

Extension Election shall have the meaning set forth in Section 2.12(c) [Extended Term Loans and Extended Revolving Credit Commitments].

Extension Election as defined in Section 2.1(g).

Extension Election shall have the meaning assigned to such term in Section 3.01(b).