First Extended Term definition

First Extended Term as defined in Section 2.2.

First Extended Term is for ten (10) years and six (6) months, ending on December 31, 2016, and (ii) the "Second Extended Term" is for ten (10) years and six (6) months, ending on June 30, 2027.

First Extended Term means the period of time commencing from and after (but not including) the Initial Maturity Date until October __, 2016.

Examples of First Extended Term in a sentence

• Thereafter, the Parties may agree to extend the First Extended Term for an additional period of twelve (12) months (“Second Extended Term”) by Customer’s notification to Company, in writing, at least thirty (30) days prior to the expiration of the First Extended Term of its desire to extend the Agreement.

• In addition, if during the First Extended Term, Customer’s Total Service Charges do not meet or exceed the Extended Term Volume Commitment, then Customer shall pay: (a) all accrued but unpaid charges under this Agreement; and (b) an “Underutilization Charge” in an amount equal to twenty-five percent (25%) of the difference between the Extended Term Volume Commitment and Customer’s Total Service Charges during the First Extended Term.

• With respect to the First Extended Term and Second Extended Term, upon request from Grantee, Owner shall execute, in recordable form, and Grantee may then record, a memorandum evidencing the First Extended Term and Second Extended Term, as applicable; provided that the execution of such memorandum is not necessary for such First Extended Term or Second Extended Term to be effective.

• Unless the Committee votes to extend the Initial or First Extended Term, this contract shall terminate after the Initial or First Extended Term, respectively.

• Provided that Grantee has not fully surrendered or terminated this Agreement, then on or before the expiration of the First Extended Term, Grantee may, at its option, extend the term of this Agreement for an additional twenty-five (25) year period (the “Second Extended Term”).

More Definitions of First Extended Term

First Extended Term. If $300,000 cumulatively has been paid to Producer during the Initial and First Extended Term, then Distributor may extend the term another two years (Second Extended Term).

First Extended Term. Is defined in Article 45.1 hereof.

First Extended Term has the meaning set forth in the Recitals.

First Extended Term shall have the meaning set forth in Section 6.01(a).

First Extended Term. [Confidential treatment has been requested] Second Extended Term: [Confidential treatment has been requested] Third Extended Term: [Confidential treatment has been requested] Such option to extend shall be exercised by the LESSEE by giving written notice to LESSOR by Certified Return Receipt mail not less than one hundred eighty (180) days prior to the expiration of the then existing term.

First Extended Term shall have the meaning set forth in Article I.

First Extended Term means a period of five (5) years commencing on the expiration of the Initial Term and expiring on November 30, 2021.