Common use of Extension Options Clause in Contracts

Extension Options. Landlord hereby grants to Tenant two (2) consecutive options to extend the Term (each, an “Extension Option” and collectively, the “Extension Options”) for successive periods of five (5) years each (each, an “Extension Term”) commencing on the first day following the Expiration Date, on the terms and subject to the conditions set forth in this Paragraph; provided, however, that (a) an Extension Option shall be exercised, if at all, only with respect to the entire Premises; (b) the second Extension Option may be exercised only if the first Extension Option has been duly exercised; and (c) if Tenant is in monetary or material non-monetary default beyond applicable notice and cure periods under any of the terms, covenants or conditions of this Lease either at the time Tenant exercises an Extension Option or upon the commencement of the applicable Extension Term, Landlord shall have, in addition to all of Landlord’s other rights and remedies provided in this Lease, the right to terminate such Extension Option and to unilaterally nullify Tenant’s exercise of such Extension Option, in which event this Lease shall expire on the Expiration Date, unless sooner terminated pursuant to the terms hereof, and Tenant shall have no further rights under this Lease to renew or extend the Term.

Extension Options. Landlord hereby grants to Tenant two (2) consecutive options to extend the Term (each, an “Extension Option” and collectively, the “Extension Options”) for successive periods of five (5) years each (each, an “Extension Term”) commencing on the first day following the Expiration Date, on the terms and subject to the conditions set forth in this ParagraphSection; provided, however, that (a) an Extension Option shall be exercised, if at all, only with respect to the entire Premises; (b) the second Extension Option may be exercised only if the first Extension Option has been duly exercised; and (c) if Tenant is in monetary or material non-monetary default beyond applicable notice and cure periods under any of the terms, covenants or conditions of this Lease either at the time Tenant exercises an Extension Option or upon the commencement of the applicable Extension Term, Landlord shall have, in addition to all of Landlord’s other rights and remedies provided in this Lease, the right to terminate such Extension Option and to unilaterally nullify Tenant’s exercise of such Extension Option, in which event this Lease shall expire on the Expiration Date, unless sooner terminated pursuant to the terms hereof, and Tenant shall have no further rights under this Lease to renew or extend the Term.

Extension Options. Landlord hereby grants Tenant six (6) extension options (such options being individually referred to Tenant two (2) consecutive options to extend the Term (each, as an “Extension Option” and collectively, collectively referred to as the “Extension Options”) ), each of which, if exercised, shall extend the term of this Lease for successive periods of an additional five (5) years (each (each, an “Extension TermPeriod”) commencing on ). Tenant may exercise an Extension Option, by giving written notice to Landlord, at any time during the first day following Term or after the Expiration Date, on end of the terms and subject to the conditions set forth in this ParagraphTerm so long as there is no outstanding Tenant Default; provided, however, that (a) if Tenant does not exercise an Extension Option shall be exercised, if at all, only with respect by the date that is thirteen (13) months prior to the entire Premises; date the Term is then set to expire, then (bi) the second Landlord may at any time thereafter send a written notice (an “Extension Option may be exercised only if the first Extension Option has been duly exercised; Notice”) to Tenant reminding Tenant of its rights under this Section 4.02, and (cii) if Tenant is in monetary or material non-monetary default beyond applicable notice and cure periods under any of the terms, covenants or conditions of this Lease either at the time Tenant exercises must exercise an Extension Option within thirty (30) days after Tenant’s receipt of said Extension Notice or upon the commencement of the applicable Extension Term, Landlord shall have, in addition Tenant will cease to all of Landlord’s other rights and remedies provided in this Lease, the have any right to terminate such Extension Option and extend the Term pursuant to unilaterally nullify Tenant’s exercise of such this Section 4.02. If Tenant exercises any Extension Option, in which event this Lease shall expire on continue throughout the Expiration Date, unless sooner terminated pursuant to resulting Extension Period under all of the same terms and conditions hereof, and Tenant shall have no further rights under this Lease to renew or extend the Termexcept as otherwise expressly set forth herein.

Extension Options. Landlord hereby grants to Tenant two (2) consecutive options to extend the Lease Term (each, an “Extension Option” and collectively, the “Extension Options”) for successive periods of five (5) years each (each, an “Extension Term”) commencing on the first day following the Expiration Date, on the terms and subject to the conditions set forth in this Paragraph; provided, however, that (a) an Extension Option shall be exercised, if at all, only with respect to the entire Premises; (b) the second Extension Option may be exercised only if the first Extension Option has been duly exercised; and (c) if Tenant is in monetary or material non-monetary default beyond applicable notice and cure periods under any of the terms, covenants or conditions of this Lease either at the time Tenant exercises an Extension Option or upon the commencement of the applicable Extension Term, Landlord shall have, in addition to all of Landlord’s other rights and remedies provided in this Lease, the right to terminate such Extension Option and to unilaterally nullify Tenant’s exercise of such Extension Option, in which event this Lease shall expire on the Expiration Date, unless sooner terminated pursuant to the terms hereof, and Tenant shall have no further rights under this Lease to renew or extend the Lease Term.

Extension Options. Landlord hereby grants Tenant six (6) extension options (such options being individually referred to Tenant two (2) consecutive options to extend the Term (each, as an “Extension Option” and collectively, collectively referred to as the “Extension Options”) ), each of which, if exercised, shall extend the term of this Lease for successive periods of an additional five (5) years (each (each, an “Extension TermPeriod”) commencing on ). Tenant may exercise an Extension Option, by giving written notice to Landlord, at any time during the first day following Term or after the Expiration Date, on end of the terms and subject to the conditions set forth in this ParagraphTerm so long as there is no outstanding Tenant Default; provided, however, that (a) if Tenant does not exercise an Extension Option shall be exercised, if at all, only with respect by the date that is thirteen (13) months prior to the entire Premises; date the Term is then set to expire, then (bi) the second Landlord may at any time thereafter send a written notice (an “Extension Option may be exercised only if the first Extension Option has been duly exercised; Notice”) to Tenant reminding Tenant of its rights under this Section 4.02, and (cii) if Tenant is in monetary or material non-monetary default beyond applicable notice and cure periods under any of the terms, covenants or conditions of this Lease either at the time Tenant exercises must exercise an Extension Option within thirty (30) days after Xxxxxx’s receipt of said Extension Notice or upon the commencement of the applicable Extension Term, Landlord shall have, in addition Tenant will cease to all of Landlord’s other rights and remedies provided in this Lease, the have any right to terminate such Extension Option and extend the Term pursuant to unilaterally nullify Tenant’s exercise of such this Section 4.02. If Tenant exercises any Extension Option, in which event this Lease shall expire on continue throughout the Expiration Date, unless sooner terminated pursuant to resulting Extension Period under all of the same terms and conditions hereof, and Tenant shall have no further rights under this Lease to renew or extend the Termexcept as otherwise expressly set forth herein.

Extension Options. Landlord hereby grants Subject to the terms and conditions set forth below, Tenant shall have two (2) consecutive successive options to extend (the Term (“Extension Options” and, each, an “Extension Option” and collectively, the “Extension Options”) to extend the Lease Term for successive periods an additional period of five (5) years each (collectively, the “Option Terms” and each, an “Extension Option Term”) commencing on ), provided that Tenant shall have no right to exercise the second Extension Option, unless Tenant has properly and timely exercised the first day following the Expiration Date, on the terms and subject to the conditions set forth in this Paragraph; provided, however, that (a) Extension Option. If Tenant properly exercises an Extension Option shall be exercisedhereunder, if at all, only with respect to the entire Premises; (b) the second Extension Option may be exercised only if the first Extension Option has been duly exercised; and (c) if Tenant is in monetary or material non-monetary default beyond applicable notice and cure periods under any all of the terms, covenants or and conditions of this Lease either at shall continue in full force and effect during the time applicable Option Term, including provisions regarding payment of Additional Rent, which shall remain payable on the terms herein set forth, except that (a) the Base Rent payable by Tenant exercises an Extension during such Option or upon Term shall be as calculated in accordance with Section 31.4 below, (b) Tenant shall continue to possess and occupy the Premises in their existing condition, “as is” as of the commencement of the applicable Extension such Option Term, and Landlord shall havehave no obligation to repair, in addition remodel, improve or alter the Premises, to all perform any other construction or other work of Landlord’s other rights and remedies provided in this Leaseimprovement upon the Premises, the right or to terminate such Extension Option and to unilaterally nullify Tenant’s exercise of such Extension Option, in which event this Lease shall expire on the Expiration Date, unless sooner terminated pursuant to the terms hereofprovide Tenant with any construction or refurbishing allowance whatsoever, and (c) Tenant shall have no further rights under to extend the Term of this Lease to renew or extend after the expiration of the second Option Term.

Extension Options. Landlord hereby grants to Tenant two (2) consecutive options to extend the Term (the "First Extension Option" and the "Second Extension Option," respectively, and each, an “"Extension Option” ," and collectively, the “"Extension Options”") for successive periods of five (5) years each (the "First Extension Term" and the "Second Extension Term," respectively, and each, an “"Extension Term”") commencing on the first day following the Expiration Date, on the terms and subject to the conditions set forth in this Paragraph; provided, however, that (a) an Extension Option shall be exercised, if at all, only with respect to the entire Premises; (b) the second Second Extension Option may be exercised only if the first First Extension Option has been duly exercised; and (c) if Tenant is in monetary or material non-monetary default beyond applicable notice and cure periods under any of the terms, covenants or conditions of this Lease either at the time Tenant exercises an Extension Option or upon the commencement of the applicable Extension Term, Landlord shall have, in addition to all of Landlord’s 's other rights and remedies provided in this Lease, the right to terminate such Extension Option and to unilaterally nullify Tenant’s 's exercise of such Extension Option, in which event this Lease shall expire on the then-current Expiration Date, unless sooner terminated pursuant to the terms hereof, and Tenant shall have no further rights under this Lease to renew or extend the Term.