Exercise of Renewal Options Sample Clauses
Exercise of Renewal Options. Tenant is hereby granted the right to renew this Lease, with respect to all, but not less than all, of those Leased Properties within the applicable group as shown on Exhibit D annexed hereto (herein, a “Renewal Group”) for three (3), 5-year option renewal terms (collectively, the “Extended Terms” and each an “Extended Term”) upon giving written notice to Lessor of each such renewal at least one (1) year but not more than eighteen (18) months prior to the termination of the then current Term applicable to such Renewal Group, provided and on the conditions that, at the time Tenant gives a renewal notice as set forth above relative to a Renewal Group and at the time of the commencement of the applicable Extended Term for such Renewal Group, (a) an Event of Default (other than any Facility Defaults of the nature referenced in Section 16.1(m) and/or Section 16.1(q) of this Lease) shall not have occurred and be continuing (as described in Section 16.10.2.3 above) under this Lease and (b) Facility Defaults of the nature referenced in Section 16.1(m) and/or Section 16.1(q) of this Lease shall not have occurred and be continuing (as described in Section 16.10.2.3 above) with respect to the Section 16.10.1 Number or more Leased Properties. Tenant may not exercise its option for more than one Extended Term at a time. If Tenant exercises a renewal option as aforesaid relative to a Renewal Group, Tenant may nevertheless revoke such exercise, if and so long as the requirements of Section 19.5 below are strictly complied with. For purposes of this Section 19.1, if an Event of Default shall occur under Section 16.1(m) and/or Section 16.1(q) of this Lease, whether the same is, or is deemed to be, “continuing” shall be determined as provided in Section 16.10 above.
Exercise of Renewal Options. Tenant is hereby granted the --------------------------- right to renew this Lease, with respect to all, but not less than all, of those Leased Properties within the applicable group as shown on Exhibit D annexed hereto (herein, a "Renewal Group") for three (3), 5-year option renewal terms ------------- (collectively, the "Extended Terms" and each an "Extended Term") upon giving -------------- ------------- written notice to Lessor of each such renewal at least one (1) year but not more than eighteen (18) months prior to the termination of the then current Term applicable to such Renewal Group, provided and on the conditions that, at the time Tenant gives a renewal notice as set forth above relative to a Renewal Group and at the time of the commencement of the applicable Extended Term for such Renewal Group, (a) an Event of Default (other than any Facility Defaults of the nature referenced in Section 16.1(m) and/or Section 16.1(q) of this Lease) --------------- --------------- shall not have occurred and be continuing (as described in Section 16.10.2.3 ----------------- above) under this Lease and (b) Facility Defaults of the nature referenced in Section 16.1(m) and/or Section 16.1(q) of this Lease shall not have occurred and --------------- --------------- be continuing (as described in Section 16.10.2.3 above) with respect to the Section 16.10.1
Exercise of Renewal Options. The Renewal Option for the First Renewal Period (the “First Renewal Option”) shall be exercisable by delivery of written notice from Tenant to Landlord of Tenant’s election to exercise the First Renewal Option at least twelve (12) months before the First Renewal Period Commencement Date, time being of the essence. The Renewal Option for the Second Renewal Period (the “Second Renewal Option”) shall be exercisable by delivery of written notice from Tenant to Landlord of Tenant’s election to exercise the Second Renewal Option at least twelve (12) months before the Second Renewal Period Commencement Date, time being of the essence. The Renewal Option for the Third Renewal Period (the “Third Renewal Option”) shall be exercisable by delivery of written notice from Tenant to Landlord of Tenant’s election to exercise the Third Renewal Option at least twelve (12) months before the Third Renewal Period Commencement Date, time being of the essence.
Exercise of Renewal Options. Tenant is hereby granted the right to renew this Lease, with respect to all, but not less than all, of the Premises for two (2), 5-year option renewal terms (collectively, the “Extended Terms” and each an “Extended Term”) upon giving written notice to Landlord of each such renewal at least twelve (12) months but not more than eighteen (18) months prior to the termination of the then current Term, provided that, at the time Tenant gives a renewal notice as set forth above and at the time of the commencement of the applicable Extended Term, no Event of Default shall have occurred and no Potential Default shall be continuing under this Lease. Tenant may not exercise its option for more than one Extended Term at a time or for more than the two (2) Extended Terms expressly described herein.
Exercise of Renewal Options. 3 2. Definitions..............................................................4
Exercise of Renewal Options. Each option to renew shall be exercised by Tenant, if at all, by Tenant delivering written notice to Landlord not more than 18 months and not less than 12 months (the “Exercise Date”) prior to the expiration of the then current Initial or Renewal Term stating that Tenant is exercising its option and stating which floors are the subject of the renewal (“Tenant’s Exercise Notice”). It shall be a condition of Tenant’s right to exercise a renewal option that no Default (defined below) shall have occurred and be continuing at the time of its exercise or on the date of the commencement of the Renewal Term.
Exercise of Renewal Options. Lessee may only exercise renewal options as specified in Paragraph "1.
Exercise of Renewal Options. [***] days prior to the expiration of the then-current Term. (See Section 3 of Part II)
Exercise of Renewal Options. The Renewal Options granted herein may be exercised by Tenant as set forth in Section 1.3 by Tenant giving written notice of exercise to Landlord, provided that Tenant's right to exercise the Renewal Options shall be conditioned upon Tenant's not being in default under this Lease. (This is the end of Article 1)
Exercise of Renewal Options. Tenant is hereby granted the right to renew this Lease, with respect to all, but not less than all, of the Premises for two (2), 5-year option renewal terms (collectively, the “Extended Terms” and each an “Extended Term”) upon giving written notice (a “Renewal Notice”) to Landlord of each such renewal at least nine (9) months but not more than eighteen (18) months prior to the termination of the then current Term, provided and on the conditions that, (i) at the time Tenant gives a Renewal Notice and at the time of the commencement of the applicable Extended Term, an Event of Default shall not have occurred and be continuing under this Lease or any of the Other Leases, and (ii) Tenant may only give a Renewal Notice if it simultaneously delivers a Renewal Notice (as the same may be defined in the Other Leases) with respect to the Other Leases. Tenant may not exercise its option for more than one Extended Term at a time.