Second Extension Period definition

Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

Second Extension Period means the period of time from and including the 19th month following the Distribution Date through and including the 24th month following the Distribution Date.

Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

Examples of Second Extension Period in a sentence

• With respect to the First Extension Period and the Second Extension Period, an annual rental due to Landlord in the amount of One Million Dollars ($1,000,000.00) per year.

• The Guarantor hereby unconditionally guarantees to and for the benefit of the Beneficiary the performance of the Company’s work obligation for the Initial Exploration Period, First Extension Period and Second Extension Period in an amount equal to the Company’s Minimum Expenditure specified in Article 4 of the Licence for the Initial Exploration Period, the First Extension Period and the Second Extension Period if and when the same shall become due (the “Guaranteed Obligations”).

• Second Extension Period Commencing on the day on which a second extension of the licence granted to TPDC pursuant to Article 3 takes effect and terminating on the third anniversary of that dated: Description of Work: (To be specified in detail, however, the undertaking of 2D and 3D seismic surveys and at least one well commitment expected).

• The Administrative Agent shall notify Borrower of the amount of each such amortization payment at least five (5) Business Days before such amortization payments commence for the Second Extension Period.

• If Borrower shall have elected to extend the term of the Loans for the Second Extension Period or Third Extension Period in accordance with Section 2.5(2) or 2.5(3), respectively, Borrower hereby promises to pay during the Second Extension Period and Third Extension Period to the Administrative Agent (on behalf of the Lenders), monthly payments of principal in arrears on each Payment Date.

More Definitions of Second Extension Period

Second Extension Period has the meaning assigned to such term in Section 2.5(2).

Second Extension Period means the period commencing on the day following the First Extended Scheduled Maturity Date and ending on the Second Extended Scheduled Maturity Date.

Second Extension Period has the meaning set forth in Section 3.10.

Second Extension Period has the meaning set forth in Section 8.7(b).

Second Extension Period. A period of twelve (12) months commencing on the first day after the expiration of the First Extension Period.

Second Extension Period. As defined in Section 3.1.4.

Second Extension Period means the period from the First Extension Maturity Date through the Second Extension Maturity Date.