Common use of EXTENSION OF LEASE Clause in Contracts

EXTENSION OF LEASE. Lessee shall have successive options to extend the term of this lease for two additional five-year terms. Lessee’s right to exercise each option is contingent upon: (1) Lessee must give notice of its intention to exercise its option at least 90 days prior to the end of the then current term; (2) mutual agreement of the Board and Lessee as to rental fee and other terms for the applicable extension term; and (3) Lessee having obtained from the Board a renewal of Lessee’s then charter contract or Lessee having entered into a new charter school contract with the Board, in each instance for the time period covered by the applicable extension.

EXTENSION OF LEASE. Lessee shall have successive options the option to extend the term of this lease for two one additional five-five year termsterm. Lessee’s right to exercise each the option is contingent upon: (1) Lessee must give notice of its intention to exercise its option at least 90 days prior to the end of the then current term; (2) mutual agreement of the Board and the Lessee as to rental fee and other terms for the applicable extension term; and (3) Lessee having obtained from the Board a renewal of Lessee’s then charter contract or Lessee having entered into a new charter school contract with the Board, in each instance for the time period covered by the applicable extension.

EXTENSION OF LEASE. Lessee shall shalt have successive options to extend the term terrn of this lease for two additional five-year terms. Lessee’s 's right to exercise each option is contingent upon: (1) Lessee must give notice of its intention to exercise its option at least 90 days prior to the end of the then current term; (2) mutual agreement a6>rccmcnt of the Board and Lessee as to rental fee and other terms for the applicable extension term; and (3) Lessee having obtained from the Board a renewal of Lessee’s Xxxxxx's then charter contract or Lessee Xxxxxx having entered into a new charter school contract with the Board, in each instance for the time period covered by the applicable extension.