Extension of the Term. Provided that this Lease is in full force and effect and no Event of Default has occurred and is continuing, Tenant shall have the option to extend the Term for up to four (4) successive periods of five (5) Lease Years each upon all of the provisions of this Lease, which extension options shall automatically be deemed exercised two hundred seventy (270) days prior to the then current Expiration Date without the requirement for any further notice; provided, however, that Tenant shall have the right to tem1inate this Lease (and void any such automatic extension and all remaining extension options) effective as of any then current Expiration Date by giving written notice thereof to Landlord not less than two hundred seventy (270) days before such then current Expiration Date; and provided, further, that this Lease shall not be automatically extended (and Tenant shall be deemed to have given written notice of non-renewal) if on the date which is two hundred seventy (270) days prior to the then current Expiration Date an Event of Default has occurred and is continuing, and in such event this Lease shall terminate on the then current Expiration Date. If and each time this Lease is so extended, the word "Term" shall be deemed to include the five (5) year extension period with respect to which the option has been exercised and the term "Expiration Date" shall mean the last day of such five (5) year extension period.
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Samples: Assignment and Assumption of Lease (Aei Real Estate Fund Xvii Limited Partnership), Assignment and Assumption of Lease (Aei Net Lease Income & Growth Fund Xix Limited Partnership), Assignment and Assumption of Lease (Aei Income & Growth Fund 25 LLC)
Extension of the Term. Provided that this Lease is in full force and effect and no Event of Default has occurred and is continuing, Tenant shall have the option to extend the Term for up to four (4) successive periods of five (5) Lease Years each upon all of the provisions of this Lease, which extension options shall automatically be deemed exercised two hundred seventy (270) days prior to the then current Expiration Date without the requirement for any further notice; provided, however, that Tenant shall have the right to tem1inate terminate this Lease (and void any such automatic extension and all remaining extension options) effective as of any then current Expiration Date by giving written notice thereof to Landlord not less than two hundred seventy (270) days before such then current Expiration Date; and provided, further, that this Lease shall not be automatically extended (and Tenant shall be deemed to have given written notice of non-renewal) if on the date which is two hundred seventy (270) days prior to the then current Expiration Date an Event of Default has occurred and is continuing, and in such event this Lease shall terminate on the then current Expiration Date. If and each time this Lease is so extended, the word "Term" shall be deemed to include the five (5) year extension period with respect to which the option has been exercised and the term "Expiration Date" shall mean the last day of such five (5) year extension period.
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Extension of the Term. Provided that this Lease is in full force and effect and no Event of Default has occurred and is continuing, Tenant shall have the option to extend the Term for up to four one (41) successive periods period of five (5) Lease Years and one (1) additional period of four (4) Lease Years and eleven (11) months each upon all of the provisions of this Lease, which extension options shall automatically be deemed exercised two hundred seventy (270) days prior to the then current Expiration Date without the requirement for any further notice; provided, however, that Tenant shall have the right to tem1inate terminate this Lease (and void any such automatic extension and all remaining extension options) effective as of any then current Expiration Date by giving written notice thereof to Landlord not less than two hundred seventy (270) days before such then current Expiration Date; and provided, further, that this Lease shall not be automatically extended (and Tenant shall be deemed to have given written notice of non-renewal) if on the date which is two hundred seventy (270) days prior to the then current Expiration Date an Event of Default has occurred and is continuing, and in such event this Lease shall terminate on the then current Expiration Date. If and each time this Lease is so extended, the word "TermTERM" shall be deemed to include the five (5) year extension period with respect to which the option has been exercised and the term "Expiration DateEXPIRATION DATE" shall mean the last day of such five (5) year extension period.
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Samples: Lease (Aei Income & Growth Fund Xxi LTD Partnership)
Extension of the Term. Provided that this Lease is in full force and effect and no Event of Default has occurred and is continuing, Tenant shall have the option to extend the Term for up to four two (42) successive periods of five (5) Lease Years each and one (1) period of four (4) Lease Years and eleven (11) months upon all of the provisions of this Lease, which extension options shall automatically be deemed exercised two one hundred seventy eighty (270180) days prior to the then current Expiration Date without the requirement for any further notice; provided, however, that Tenant shall have the right to tem1inate terminate this Lease (and void any such automatic extension and all remaining extension options) effective as of any then current Expiration Date by giving written notice thereof to Landlord not less than two one hundred seventy eighty (270180) days before such then current Expiration Date; and provided, further, that this Lease shall not be automatically extended (and Tenant shall be deemed to have given written notice of non-renewal) if on the date which is two one hundred seventy eighty (270180) days prior to the then current Expiration Date an Event of Default has occurred and is continuing, and in such event this Lease shall terminate on the then current Expiration Date. If and each time this Lease is so extended, the word "“Term" ” shall be deemed to include the five (5) year each extension period with respect to which the option has been exercised and the term "“Expiration Date" ” shall mean the last day of such five (5) year extension period.
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Extension of the Term. Provided that this Lease is in full force and effect and no Event of Default has occurred and is continuing, Tenant shall have the option to extend the Term for up to four (4) successive periods of five (5) Lease Years each upon all of the provisions of this Lease, which extension options shall automatically be deemed exercised two hundred seventy (270) days prior to the then current Expiration Date without the requirement for any further notice; providedPROVIDED, howeverHOWEVER, that Tenant shall have the right to tem1inate terminate this Lease (and void any such automatic extension and all remaining extension options) effective as of any then current Expiration Date by giving written notice thereof to Landlord not less than two hundred seventy (270) days before such then current Expiration Date; and provided, further, that this Lease shall not be automatically extended (and Tenant shall be deemed to have given written notice of non-renewal) if on the date which is two hundred seventy (270) days prior to the then current Expiration Date an Event of Default has occurred and is continuing, and in such event this Lease shall terminate on the then current Expiration Date. If and each time this Lease is so extended, the word "TermTERM" shall be deemed to include the five (5) year extension period with respect to which the option has been exercised and the term "Expiration DateEXPIRATION DATE" shall mean the last day of such five (5) year extension period.
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Samples: Assignment and Assumption of Lease and Guaranty (AEI Income & Growth Fund 26 LLC)