Common use of Extended Terms Clause in Contracts

Extended Terms. Tenant shall have the right to extend the Term for two (2) renewal terms of fifteen (15) years each (each, an “Extended Term”), provided that no Event of Default shall have occurred and be continuing at the time Tenant exercises a right to extend the Term.

Extended Terms. Provided that no Event of Default shall have occurred and be continuing, Tenant shall have the right to extend the Term for two (2) consecutive renewal terms of fifteen (15) years each (each, an “Extended Term,” and collectively, the “Extended Terms”)) with respect to all, provided that no Event but not less than all of Default shall have occurred and be continuing at the time Tenant exercises a right to extend the TermProperties.