Extension of the Lease Term. The Lease Term for the applicable Leased Premises may extend, subject to the terms and conditions of this Master Lease, as designated in the applicable Attachment A. In the event that the Lease Term of the applicable Leased Premises extends, any reference to the term “Lease Term” includes the period by which the Lease Term extends.
Extension of the Lease Term. The Lease Term is hereby extended with respect to the entire Premises for a period of five (5) years (“Extension Term”), commencing on August 1, 2022 (“Extension Commencement Date”) and ending on July 31, 2027, unless otherwise terminated earlier in accordance with the provisions of the Lease.
Extension of the Lease Term. Party B shall notify Party A in writing whether it will renew this Contract at least one year prior to the expiry of the lease term. Party B shall have the right of priority to renew this Contract under the same conditions provided.
Extension of the Lease Term. Provided that there is no Event of Default by Tenant then outstanding (beyond any applicable notice and/or cure period), Tenant shall have the right to extend the Lease Term for up to two (2) consecutive extension terms of five (5) years each (the “First Extension Term” and the “Second Extension Term”, respectively), on the same terms and conditions applicable between Landlord and Tenant during the original Lease Term. Tenant shall give Landlord not less than nine (9) months’ notice before i) the end of the original Lease Term if it wishes to exercise its option with respect to the First Extension Term and ii) the end of the First Extension Term if it wishes to exercise its option with respect to the Second Extension Term. Time is of the essence with respect to Xxxxxx’s giving notice to Landlord under this Section
Extension of the Lease Term. The Lease shall be extended an additional one (1) year from October 1, 2004 to September 30, 2005.
Extension of the Lease Term. Subject to a written notice to the Lessor at least 6 (six) months prior to the expiry of the Lease Term and subject to the provisions of paragraph 3.8, the Lessor shall be entitled to extension of the Lease Term hereunder for 10 (ten) years (hereinafter — the ‘‘Extension Period’’) on the same conditions of the present Agreement except for (1) the Basic Lease Rate which shall correspond to the market level of the lease rates for comparable premises and shall be established in the manner specified in paragraph 3.8 hereof (hereinafter — the ‘‘New Lease Rate’’); (2) provisions on the amount of the Rent for the first year of the Lease Term and (3) the Payment for Utility and Maintenance Services which shall be equal to the payment for such services charged in accordance with the agreements on lease of premises in the Building concluded in that period of time. The New Basic Lease Rate shall mean an annual sum of money for 1 sq.m. of the Leased Area of the Premises which shall be applied in accordance with the terms of the lease agreements concluded in respect of premises in other comparable with the Building business centers in Moscow, provided that the principal terms of the compared lease agreements are comparable with the principal terms of this Lease Agreement including proportion of the area of the leased premises in the area of the building. Not later than 1 (one) year before expiration of the Lease Term the Lessor shall notify the Lessee in writing on the proposed New Basic Lease Rate. Within 3 (three) months upon receipt by the Lessee the Lessor’s notice, the Parties shall agree by way of negotiations on the New Basic Lease Rate. If the Parties fail to agree on the New Basic Lease Rate within three months after receipt of the Lessor’s written notice by the Lessee, the Parties shall take necessary measures and bear in equal parts the costs in this connection to determine the New Basic Lease Rate not later than 7 months after termination of the Lease Term with the help of independent experts of international level in the sphere of commercial real estate. The New Basic Lease Rate with the help of such independent experts shall be determined as follows:
Extension of the Lease Term. The initial Lease Term expires on November 30, 2009 (the “Original Expiration Date”). Subject to the terms and provisions contained herein, Landlord and Tenant hereby agree to extend Lease Term with respect to the portion of the premises located on Floors 2 through 5, inclusive, of the Building containing approximately 85,916 Rentable Square Feet and being more particularly depicted on Exhibit A attached hereto and incorporated herein for all purposes (the “CTX Mortgage Space”), said extended term to expire on November 30, 2010 (the “CTX Mortgage Space Expiration Date”). The Lease Term as to the remaining Premises shall not be extended and the Lease shall expire as to such remaining Premises on the Original Expiration Date. Commencing as of December 1, 2009, the Premises shall consist of the CTX Mortgage Space only. Minimum Rent for the CTX Mortgage Space for the period commencing December 1, 2009 and expiring on the CTX Mortgage Space Expiration Date (the “CTX Mortgage Space Extended Term”) shall be the Minimum Rent payable by Tenant immediately prior to the commencement of the CTX Mortgage Space Extended Term. Further, commencing on December 1, 2009, Tenant’s Share shall be appropriately reduced to equal the Rentable Square Feet of the CTX Mortgage Space divided by the Total Area. Except as provided in this Paragraph 3, the extension of the Lease with respect to the CTX Mortgage Space shall be upon the same terms and conditions set forth in the Lease, including, without limitation, Tenant’s obligation to pay Excess Operating Costs in accordance with the Lease.
Extension of the Lease Term. By this Amendment, Tenant is exercising its first Renewal Option. Accordingly, effective as of the date hereof, the Lease Term is hereby extended for an additional period of thirty-six (36) months (the “Extended Term”), commencing July 1, 2018 (the “Extension Date”), and extending through to and including June 30, 2021 (the “Expiration Date”). From and after the date hereof, all references to the “Lease Term” in the Lease and this Amendment shall be deemed references to the Lease Term, as extended hereby and all references to the “Expiration Date” shall be deemed references to the Expiration Date, as set forth above (June 30, 2021).
Extension of the Lease Term. The Lease Term is hereby extended for a period of twelve (12) months (the “Expansion Term”). The Expiration Date, as defined in the Initial Lease, shall now mean August 30, 2009.
Extension of the Lease Term. Effective as of September 1, 2004, the term of the Lease (the "Term") is hereby extended for a five-year period (the "Extended Term"). During the Extended Term, all of the conditions set forth in the original Lease shall remain in full force and effect, except as expressly modified by or inconsistent with, the terms of this Amendment.
