Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after the determination of Base Rent for the Fourth Extended Term, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon final determination of the Prevailing Market rate applicable during the Fourth Extended Term as described herein, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.
Appears in 3 contracts
Samples: Office Lease Agreement (Imprivata Inc), Office Lease Agreement (Imprivata Inc), Office Lease Agreement (Imprivata Inc)
Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt of the determination of Base Rent for the Fourth Extended Term, Binding Notice and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) 15 days after Tenant’s receipt of same, but, upon final determination of the Prevailing Market rate applicable during the Fourth Extended Extension Term as described herein, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.
Appears in 3 contracts
Samples: Office Lease Agreement (Pro Pharmaceuticals Inc), Lease (Wave2Wave Communications, Inc.), Lease (Wave2Wave Communications, Inc.)
Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt of the determination of Base Rent for Binding Notice, or Rejection Notice, as the Fourth Extended Termcase may be, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon final determination delivery of the Prevailing Market rate applicable during the Fourth Extended Term as described hereinInitial Extension Notice, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.
Appears in 3 contracts
Samples: Office Lease Agreement (Clementia Pharmaceuticals Inc.), Office Lease Agreement (Stealth BioTherapeutics Corp), Office Lease Agreement (Karyopharm Therapeutics Inc.)
Extension Amendment. If Tenant is entitled to and properly exercises its Second Extension Option, Landlord Landlord, within a reasonable time thereafter, shall prepare and deliver to Tenant an amendment (for purposes of this Section 7, the “Extension Amendment”) to reflect reflecting changes in the Base Rent, Termthe term of the Lease, Termination Date the expiration date of the Lease, and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after the determination of Base Rent for the Fourth Extended Termterms in accordance with this Section 7, and Tenant shall execute and return (or provide Landlord with reasonable objections to) the Extension Amendment to Landlord within fifteen (15) 15 days after Tenant’s receipt of same, but, upon final determination of receiving it. Notwithstanding the Prevailing Market rate applicable during the Fourth Extended Term as described hereinforegoing, an otherwise valid exercise of the Second Extension Option shall be fully effective whether or not the Extension Amendment is executed.
Appears in 2 contracts
Samples: Office Lease (Iovance Biotherapeutics, Inc.), Office Lease (Iovance Biotherapeutics, Inc.)
Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate termsterms as mutually agreed by the parties. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt of the determination of Base Rent for Binding Notice, or Rejection Notice, as the Fourth Extended Termcase may be, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon final determination delivery of the Prevailing Market rate applicable during the Fourth Extended Term as described hereinInitial Extension Notice, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.
Appears in 2 contracts
Samples: Office Lease Agreement (Oxford Immunotec Global PLC), Office Lease Agreement (Oxford Immunotec Global PLC)
Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the “"Extension Amendment”") to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt of the determination of Base Rent for the Fourth Extended Term, Binding Notice and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) days after Tenant’s 's receipt of same, but, upon final determination of the Prevailing Market rate applicable during the Fourth Extended Extension Term as described herein, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.
Appears in 1 contract
Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date as expressly provided herein and other mutually agreeable appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after the final determination of Base Rent for the Fourth Extended Prevailing Market rate applicable during the Extension Term, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) business days after Tenant’s receipt of same, but, upon final determination of the Prevailing Market rate applicable during the Fourth Extended Term as described herein, but an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.
Appears in 1 contract
Samples: Lease (Akebia Therapeutics, Inc.)
Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall will prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Annual Rent, Term, Termination Date the Lease Term and other appropriate terms. The Extension Amendment shall will be sent to Tenant within a reasonable time after receipt of the determination of Base Rent for the Fourth Extended Term, Binding Notice and Tenant shall will execute and return the Extension Amendment to Landlord within fifteen (15) 15 days after Tenant’s receipt of same, but, upon final determination of the Prevailing Market rate applicable during the Fourth Extended Extension Term as described herein, an otherwise valid exercise of the Extension Option shall will be fully effective whether or not the Extension Amendment is executed.
Appears in 1 contract
Samples: Commercial Lease (Starz)
Extension Amendment. If Tenant is entitled to and properly validly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Expiration Date and other appropriate terms. The Extension Amendment shall be (i) sent to Tenant within a reasonable time after the determination of Base Rent for the Fourth Extended Term, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon final determination of the Prevailing Market rate applicable during rate, and (ii) executed by Tenant (or reasonable comments made) and returned to Landlord within 15 days after the Fourth Extended Term as described hereinExtension Amendment is delivered to Tenant by Landlord. Notwithstanding the foregoing, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.
Appears in 1 contract
Samples: Office Lease (Kura Oncology, Inc.)
Extension Amendment. If Tenant is entitled to and properly validly exercises its an Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be (i) sent to Tenant within a reasonable time after the determination of Base Rent for the Fourth Extended Term, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon final determination of the Prevailing Market rate applicable during as provided in Section 2.04 hereof, (ii) revised by Landlord, if necessary, to incorporate any changes by Tenant that are necessary to accurately reflect the Fourth Extended Term as described hereinterms and conditions of Tenant’s Extension Option; and , (iii) executed by Tenant and returned to Landlord within 15 days after the Extension Amendment is delivered to Tenant by Landlord. Notwithstanding the foregoing, an otherwise valid exercise of the an Extension Option shall be fully effective whether or not the Extension Amendment is executed.
Appears in 1 contract
Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the “"Extension Amendment”") to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after the determination of Base Rent for the Fourth Extended Term, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon final determination of the Prevailing Market rate applicable during the Fourth Extended Term Extension Term, and Tenant shall return the Extension Amendment to Landlord with any comments within 10 days after Tenant’s receipt of same and the parties shall work in good faith to complete a final Extension Amendment as described hereinsoon as possible, but an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.
Appears in 1 contract
Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after receipt of the determination of Base Rent for Binding Notice, or Rejection Notice, as the Fourth Extended Termcase may be, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon final determination delivery of the Prevailing Market rate applicable during the Fourth Extended Term as described hereinExtension Notice, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.
Appears in 1 contract
Samples: Office Lease Agreement (Zipcar Inc)
Extension Amendment. If Tenant is entitled to and properly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after the final determination of Base Rent for the Fourth Extended Prevailing Market rate applicable during the Extension Term, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) 15 days after Tenant’s receipt of same, but, upon final determination of the Prevailing Market rate applicable during the Fourth Extended Term as described herein, but an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.
Appears in 1 contract
Samples: Lease Agreement (Medicines Co /De)
Extension Amendment. If Tenant is entitled to and properly validly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be (i) sent to Tenant within a reasonable time after the determination of Base Rent for the Fourth Extended Term, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon final determination of the Prevailing Market rate applicable during rate, and (ii) executed by Tenant and returned to Landlord within 15 Business Days after the Fourth Extended Term as described hereinExtension Amendment is delivered to Tenant by Landlord. Notwithstanding the foregoing, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.
Appears in 1 contract
Samples: Office Lease Agreement (Ironwood Pharmaceuticals Inc)
Extension Amendment. If Tenant is entitled to and properly validly exercises its applicable Extension Option, Landlord shall prepare an amendment (the an “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be sent to Tenant within a reasonable time after the determination of Base Rent for the Fourth Extended TermPrevailing Market rate, and executed by Tenant shall execute and return the Extension Amendment returned to Landlord within fifteen (15) days after Tenant’s receipt the Extension Amendment is delivered to Tenant by Landlord (subject to extension to accommodate negotiation of same, but, upon final determination of any mutually acceptable revisions thereto). Notwithstanding the Prevailing Market rate applicable during the Fourth Extended Term as described hereinforegoing, an otherwise valid exercise of the an Extension Option shall be fully effective whether or not the Extension Amendment relating thereto is executed.
Appears in 1 contract
Extension Amendment. If Tenant is entitled to and properly validly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be (i) sent to Tenant within a reasonable time after the determination of Base Rent for the Fourth Extended TermPrevailing Market rate, and (ii) executed by Tenant shall execute and return the Extension Amendment returned to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon final determination of the Prevailing Market rate applicable during Extension Amendment is delivered to Tenant by Landlord. Notwithstanding the Fourth Extended Term as described hereinforegoing, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.
Appears in 1 contract
Samples: Single Tenant Industrial Triple Net Lease (GenMark Diagnostics, Inc.)
Extension Amendment. If Tenant is entitled to and properly validly exercises its Extension Option, Landlord shall prepare an amendment (the “Extension Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Extension Amendment shall be (i) sent to Tenant within a reasonable time after the determination of Base Rent for the Fourth Extended Term, and Tenant shall execute and return the Extension Amendment to Landlord within fifteen (15) days after Tenant’s receipt of same, but, upon final determination of the Prevailing Market rate applicable during rate, and (ii) executed by Tenant and returned to Landlord within 30 days after the Fourth Extended Term as described hereinExtension Amendment is delivered to Tenant by Landlord. Notwithstanding the foregoing, an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.
Appears in 1 contract
Samples: Office Lease Agreement (Clearside Biomedical, Inc.)