Expansion Option Date definition

Expansion Option Date means each date that the Sponsor Borrower Loan is increased pursuant to Section 2.4.3
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Expansion Option Date means each date that the Loan is increased pursuant to Section 2.4.3
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Expansion Option Date shall have the meaning set forth in Section 2.1(b) hereof.
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Examples of Expansion Option Date in a sentence

  • Upon each Expansion Option Date to the extent such expansion is approved by Lender pursuant to Section 2.4.3, Sponsor shall pay to: (a) Servicer an expansion fee equal to 0.0010 times the Expansion Amount; (b) Lender an expansion fee equal to 0.0005 times the Expansion Amount (together, the “Expansion Fee”).

  • Upon each Expansion Option Date, Borrower shall pay to Servicer an expansion fee equal to thirty-five basis points (0.0035) times the Minimum Expansion Amount (“Expansion Fee”).

  • Landlord covenants that Landlord shall not lease the Expansion Space to any person under the terms of a lease which would make the Expansion Space unavailable to Tenant as of the Expansion Option Date.

  • Borrower shall have the right at any time to request an increase in the Commitment; if such request occurs on or after the Expansion Option Date or is for amounts in excess of an aggregate amount of TWO HUNDRED FIFTY MILLION and NO/100 Dollars ($250,000,000.00), any such request shall be subject to Lender's approval in its sole discretion and subject to re-pricing and such other conditions as Lender shall require in its sole discretion.

  • If Tenant timely and duly delivers to Landlord the Expansion Option Notice by the Expansion Option Date and Tenant also complies with all of the terms and provisions of this Section 43, the term for the Expansion Premises shall be coterminous with the Term of this Lease and begin on the EP Commencement Date.

  • Notwithstanding anything to the contrary contained herein, the Expansion Option shall not be available to Tenant nor effective if the Expansion Premises are occupied through the Expansion Option Date defined below.

  • Tenant shall be deemed to have waived its rights under this ARTICLE 1.03, unless Tenant notifies Landlord in writing of Tenant's election to exercise this expansion option and executes Landlord's standard form amendment adding the Expansion Space to the Premises at the Prevailing Market Rate, which notice and amendment shall be executed and delivered to Landlord not more than nine (9) months and not less than six (6) months prior to the Expansion Option Date.

  • Tenant shall notify Landlord in writing by Certified Mail at least one hundred eighty (l80) days in advance of Expansion Option Date of its election whether to exercise the option to expand.

  • Provided that Tenant is not in default under this Lease beyond any applicable notice and cure periods, then from and after the fifth anniversary of the Commencement Date (the "Expansion Option Date"), Tenant shall have the right to expand the Premises to include all or any portion of that certain space consisting of approximately 6,471 rentable square feet which is adjacent to the Premises (the "Expansion Space"), as set forth in this Section 31.

  • If Tenant elects to exercise Tenant's Option to Expand, then as of the Expansion Option Date, the Premises under this Lease shall be deemed to include the Expansion Space, and Tenant shall be deemed to agree to lease the Expansion Space on the same terms as in this Lease, including the terms for Tenant Improvements as set forth in Appendix C, but except as provided herein.


More Definitions of Expansion Option Date

Expansion Option Date means each date that the Commitment is increased pursuant to Section 2.1.2.
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Related to Expansion Option Date

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Second Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • First Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Renewal Option has the meaning set forth in §12.1.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.