Exercise of Option to Extend. The options to extend the term of this Lease shall be deemed to be automatically exercised unless Tenant shall give City notice of the relinquishment of such option and all succeeding options in the manner hereinafter specified for notices at least one (1) year prior to the expiration of the Original Term or prior Extended Term, as the case may be. The failure of Tenant to give such notice within the time limited shall cause such option to be automatically exercised and this Lease shall continue in full force and effect for the succeeding Extended Term. The giving of notice of the relinquishment of an option to extend the term at least one (1) year prior to the expiration of the preceding term shall cause such Extended Term and any succeeding Extended Terms to lapse and become null and void and of no further force or effect, and this Lease and all rights of Tenant hereunder shall expire and terminate as of the end of the Original Term or Extended Term, as the case may be.
Exercise of Option to Extend. Section 2.04 of the Original Lease, as amended by the MOUs, is hereby amended in its entirety to read as follows:
Exercise of Option to Extend. For all purposes under the Lease, this amendment shall be deemed to exercise the first of the two options to extend provided to Tenant in Section S.6 of the Lease, and to the extent the terms of this Amendment are inconsistent with the terms provided for the first extension under Section S-6 of the Lease, this Amendment shall control.
Exercise of Option to Extend. The option contained in this Section 1.3(D) shall be exercised by Tenant or any Permitted Assignee, if at all, and only in the following manner: (i) Tenant may deliver written notice to Landlord not more than nineteen (19) months nor less than seventeen (17) months prior to the expiration of the then Lease Term, stating that Tenant is interested in exercising its option and stating whether Tenant is interested in exercising its option with respect to the entire Premises or with respect to only one or more full floors of the Premises pursuant to the terms of Section 1.3(C)(1), above; (ii) Landlord, after receipt of Tenant's notice, shall deliver notice (the "Option Rent Notice") to Tenant not less than sixteen (16) months prior to the expiration of the then Lease Term, setting forth the Option Rent; and (iii) if Tenant wishes to exercise such option, Tenant shall, on or before the date occurring fifteen (15) months prior to the expiration of the then Lease Term or if such Option Rent Notice has not been sent by Landlord more than sixteen (16) months prior to the expiration of the then Lease Term then on or before the date occurring within thirty (30) days after Tenant's receipt of the Option Rent Notice, exercise the option by delivering written notice thereof to Landlord (the "Option Acceptance") and upon, and concurrent with, such exercise, if the Option Rent was determined pursuant to Section 1.03(D)(3)(ii), above, Tenant may, at its option, object to the Option Rent contained in the Option Rent Notice, in which case the parties shall follow the procedure, and the Option Rent shall be determined, as set forth in Section 1.3(D)(4), below.
Exercise of Option to Extend. The CHR may exercise its option to extend this Contract for the Contract Extension Term by delivering written notice to the Contractor of such exercise no less than ten (10) days before the expiration of the Base Contract Term.
Exercise of Option to Extend. Clarendon hereby exercises its option under Section 3.1.2(i) of the Tolling Agreement to extend the term of the Tolling Agreement by two years, through September 30, 1991, and the parties agree that Clarendon's right to xxxxxxxxe Alumina Deliveries after September 30, 1991 shall be as stated in Section 3.1.2(ii) of the Tolling Agreement except that the reference to "at least three (3) months' prior notice" is hereby amended to read "at least six (6) month's prior notice."
Exercise of Option to Extend. The term of the Sublease will be extended to March 31, 2011 pursuant to section 2.2 of the Sublease.
Exercise of Option to Extend. Landlord and Tenant acknowledge that Tenant has validly exercised the option to extend the Term of the Lease as contemplated under Section 15.1 of the Lease.
Exercise of Option to Extend. Notwithstanding anything to the contrary, the Extended Term as set forth in this Amendment shall be deemed the exercise of the Option to Extend granted in the Lease and Lessee shall have no further option to extend the term of the Lease beyond the Lease Expiration Date.
Exercise of Option to Extend. The option to extend shall be deemed exercised unless:
4.3.1 BSMA provides CITY with written notice of its intention NOT to extend this Agreement, which notice shall occur at least one‐hundred eighty (180) days prior to the last day of the applicable term; or
4.3.2 CITY provides BSMA with written notice of its intention NOT to extend this Agreement, which notice shall occur at least one‐hundred eighty (180) days prior to the last day of the applicable term.
