First Extension Option definition

First Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

First Extension Option shall have the meaning set forth in Section 5(a).

First Extension Option has the meaning given that term in Section 2.12(a).

Examples of First Extension Option in a sentence

• The Customer may extend for one year at the end of Term Period (First Extension Option), and may also extend the Contract Offer by another year at the end of the first extension year (Second Extension Option).

• The Mezzanine Lenders shall also have certain cure rights in connection with the non-exercise by Senior PledgeCo of its rights to submit the applicable extension option notice, prior to the end of the First Extension Option Period or Second Extension Option Period (as applicable).

• In order to exercise any First Extension Option, Tenant must provide Landlord written notice that it is exercising the same at least one (1) year prior to the date the Term is then set to expire.

• All terms and conditions of the Lease applicable to the Initial Term, except Minimum Rent, which shall be increased as set forth in Section 5.4 herein, shall apply during the First Extension Option Period.

• Provided Tenant is not in default of its obligations under this Lease, including during the First Extension Option Period, Tenant shall have an additional option (the “Second Renewal Option”) to renew the term for an additional five (5) years commencing on termination of the First Extension Option Period (the “Second Extension Option Period”).

More Definitions of First Extension Option

First Extension Option. 2.7.1 “Fixtures” – Mortgage “Flagging Costs” - 4.34(e)

First Extension Option shall have the meaning set forth in Section 5(a). Holder shall have the meaning provided in the first paragraph hereof. Initial Maturity Date shall mean November 12, 2009.

First Extension Option. 2.7.1 “Government Lists” - 4.32(b) “Improvements” - Mortgage “Increased Costs” - 2.9.1 “Indemnified Liabilities” - 4.30

First Extension Option. As defined in Section 2.3 hereof.

First Extension Option means the Borrower's option to extend the Termination Date, as more fully set out in Section 3.4(e)(i).

First Extension Option has the meaning provided in Section 2.19(a) of this Agreement.

First Extension Option has the meaning set forth in Section 3.14.