Extension Right definition

Extension Right has the meaning specified in Section 5.02.

Extension Right has the meaning specified in Section 4.1(a)(ii).

Extension Right has the meaning specified in Section 3.9.

Examples of Extension Right in a sentence

• After determination of the Extension Fee, and if Lessee still desires to exercise the Extension Right, Lessee shall execute the Extension Amendment and the Memorandum of Extension Amendment, both as defined in Schedule 1.5, and deliver them to Lessor with a cashier’s check for the Extension Fee on the Extension Fee Payment Date set forth in the Extension Notice.

• Notwithstanding the procedures described in Section 1.6 for the completion of a Lease extension, if the Extension Right is being exercised in connection with a Third-Party Sale (as defined in Section 2.6) of the Leasehold Interest that is permitted pursuant to Article 2 below, the extension of the Lease may be completed in connection with such Third-Party Sale, and the Extension Fee may be paid from the purchase price through escrow.

• Withdrawal of the Extension Notice shall have no effect on the right of Lessee or subsequent assignees of Lessee’s Leasehold Interest in the Property to exercise the Extension Right in the future.

• The Extension Right is subject to Section 2.8 of this Amendment and is contingent upon (a) Lessee’s compliance with the requirements of Article 2 of this Amendment, and (b) Lessee not being in default of its obligations under the Lease as of the date Lessee delivers the Extension Notice described in Section 1.3(b) or at any time prior to the Extension Fee Payment Date (as defined in Section 1.4).

• If Buyer exercises Buyer’s Second Extension Right in accordance with this Section 11.c, the term “Contingency Date” thereafter means the date 300 days after the Agreement Date, and Buyer may thereafter extend the Contingency Date for a third period of sixty (60) days (“Buyer’s Third Extension Right”).

More Definitions of Extension Right

Extension Right shall have the meaning set forth in Section 28.1 hereof.

Extension Right is defined in Section 4.1.

Extension Right has the meaning assigned in Section 2.8(1).

Extension Right means the right of the Bondholders to direct the HK Issuer to extend the scheduled Maturity Date of 19 October 2014 to 30 June 2015 by delivery of an extension notice to the HK Issuer not less than thirty business days and not more than forty business days prior to 19 October 2014.

Extension Right as defined in Section 2.7 below.

Extension Right means the right of each of Limited REMI I and CT-F1 to extend the date upon which the Fund II Initial Closing must have occurred before either Limited REMI I or CT-F1 shall have the right to exercise the Unwind Right pursuant to Section 2.12 hereof for two successive three-month periods following December 31, 2000, which may not be exercised by either Limited REMI I or CT-F1 to extend such date upon which the Unwind Right becomes exercisable past June 30, 2001.

Extension Right has the meaning specified in Section 7.01.