Common use of Extended Term Clause in Contracts

Extended Term. Tenant shall have (a) one (1) renewal option for a first renewal term of ten (10) years (the "First Extended Term"), which Tenant may exercise at Tenant's option upon at least twenty-four (24) months Notice for all, and not less than all, of the Collective Leased Properties, and (b) a second renewal option (conditional on exercise of the first renewal option) for an additional nine (9) years and twelve (12)

Appears in 17 contracts

Samples: Lease Agreement (CNL Retirement Properties Inc), Lease Agreement (CNL Retirement Properties Inc), Lease Agreement (CNL Retirement Properties Inc)

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Extended Term. Tenant shall have (a) one (1) renewal option for a first renewal term of ten (10) years (the "First Extended Term"), which Tenant may exercise at Tenant's option upon at least twenty-four (24twelve(12) months Notice for all, and not less than all, of the Collective Leased Properties, and (b) a second renewal option (conditional on exercise of the first renewal option) for an additional nine four (94) years and twelve eleven (1211)

Appears in 1 contract

Samples: Deed of Lease (CNL Retirement Properties Inc)

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Extended Term. Tenant shall have (a) one (1) renewal option for a first renewal term of ten (10) years (the "First Extended Term"), which Tenant may exercise at Tenant's option upon at least twenty-four twelve (2412) months Notice for all, and not less than all, of the Collective Leased Properties, and (b) a second renewal option (conditional on exercise of the first renewal option) for an additional nine four (94) years and twelve eleven (1211)

Appears in 1 contract

Samples: Lease Agreement (CNL Retirement Properties Inc)

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