Exercise of Option to Renew. In accordance with Section 2 of the Agreement, the Parties hereby exercise their option to renew this Agreement for the Second Renewal Term. This Second Renewal Term will begin on August 15, 2022 and end on August 14, 2023.
Exercise of Option to Renew. In accordance with Section 2 of the Agreement, the Parties hereby exercise their option to renew this Agreement for the First Renewal Term. This First Renewal Term will begin on August 8, 2021, and end on August 5, 2022.
Exercise of Option to Renew. To exercise its Option to Renew in respect of the First Option Term or the Second Option Term (as the case may be), the Tenant shall give written notice to the Landlord of its intention to exercise such Option to Renew, such notice to be given not less than eighteen (18) months prior to expiration of the Tenant’s lease agreement then in force Provided Always that:
Exercise of Option to Renew. Lessee shall have one (1) Option to Renew the Lease for a period of One Hundred and Twenty (120) Months (the “Renewal Term”). Lessee must exercise its Option to Renew upon providing Lessor with written notice thereof no sooner than Fifteen (15) Months and no later than Twelve (12) Months prior to expiration of the Initial Lease Term. If exercised, the Lease terms during the Renewal Term shall be the same as the original Lease, however Base Rent shall be adjusted to then current fair market rents for leases or renewals in comparable buildings in Redmond, WA (the “Fair Market Rent”). The Option to Renew is personal to Lessee. The Option to Renew shall also pertain to the Expansion Premises (as defined below) if the Option to Expand is exercised.
Exercise of Option to Renew. The Initial Term of the Lease expired on June 30, 2001 and Tenant has been occupying the Premises since such expiration on a month to month basis. Tenant does hereby exercise the option to renew contained in the Lease for the Renewal Term which shall commence on December 1, 2001 and end on November 30, 2004.
Exercise of Option to Renew. If Tenant elects to exercise an option to extend the Term of this Lease, it shall do so as follows:
Exercise of Option to Renew. Tenant and Landlord acknowledge and agree that the extension of the term of the Lease pursuant to this Amendment is in lieu of an exercise by Tenant of Tenant's renewal option under Section R1-A of Rider One of the Lease and, therefore, Section R1-A of Rider One of the Lease is hereby deleted from the Lease and rendered of no further force or effect.
Exercise of Option to Renew. Tenant shall have one (1) five (5) year option to renew the Term of this Lease (the “Option to Renew”). Tenant shall only have the right to exercise the Option to Renew if: (a) no monetary default has occurred at any time; (b) not more than two (2) Events of Default have occurred at any time during the Term; (c) no event has occurred at the time of Tenant’s exercise of the Option to Renew that with notice and the passage of time would constitute a default; and (d)Tenant has not assigned this Lease or subleased any portion of the Premises, even if Landlord’s consent has been obtained or is not required under this Lease with respect thereto, and whether by operation of law or otherwise. Tenant shall exercise the Option to Renew, if at all, by providing Landlord with written notice of Tenant’s unconditional and irrevocable election to exercise the Option to Renew at least twelve (12) months prior to the expiration of the Term. Tenant’s notice shall be given in accordance with the notice provision of this Lease, and Tenant shall be required to provide documentation that the Option to Renew was timely exercised in order to effectively exercise the Option to Renew.
Exercise of Option to Renew. Tenant may exercise the option to renew by a written notice to Landlord (a “Renewal Notice”), given not less than four hundred fifty-five (455) days prior to the last day of the Original Term or, if applicable, the then existing Renewal Term. In no event shall Tenant have the right to lease less than the entire Premises during a Renewal Term.
Exercise of Option to Renew. Subject to the Tenant's right to withdraw a Renewal Notice as provided in Section 2.1.3 hereof, the right to renew for the First Renewal Term or the Second Renewal Term shall be exercised by Tenant giving written Notice to Landlord not less than twelve (12) months prior the expiration, as applicable, of the Initial Term and the First Renewal Term. Each written Notice in respect to the exercise of Tenant's right to renew is hereinafter referred to as "RENEWAL NOTICE." Notwithstanding the foregoing, Tenant's right to renew for the Second Renewal Term is contingent on Tenant having exercised its right to the First Renewal Term.
