Extension Conditions

Extension Conditions. Shall mean: (i) Borrower at least sixty (60) days prior to the commencement of the extension period shall have given Bank written notice that Borrower desires such extension; (ii) Bank, in its reasonable discretion, shall have determined that there has been no material adverse change in the financial condition of Borrower or any Guarantor; and (iii) No Default shall have occurred and be continuing.

Extension Conditions. Shall mean, as a condition to Tenant exercising each Extension Option: (a) Tenant gives Landlord written notice no less than six (6) months prior to the commencement of the First Extension Term or Second Extension Term, as applicable, that Tenant is exercising the Extension Option; (b) at the date the applicable Extension Option is exercised, and at the commencement of the First Extension Term or the Second Extension Term, as applicable, no Event of Default has occurred and is continuing; and... (c) Tenant has not been more than thirty (30) days late in the payment of any or all Rent more than a total of six (6) times for all periods prior to the commencement of the applicable Extension Term. View More