Common use of Extension Right Clause in Contracts

Extension Right. Tenant shall have 1 right (the “Extension Right”) to extend the term of this Lease for 3 years (the “Extension Term”) on the same terms and conditions as this Lease (other than Base Rent) by giving Landlord written notice of its election to exercise each Extension Right at least 12 months, and no earlier than 18 months, prior to the expiration of the Base Term of the Lease.

Appears in 5 contracts

Samples: Lease Agreement (Sigilon Therapeutics, Inc.), Lease Agreement (Sigilon Therapeutics, Inc.), Lease Agreement (Sigilon Therapeutics, Inc.)

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Extension Right. Tenant shall have 1 a one-time right (the “Extension Right”) to extend the term of this Lease for 3 5 years (the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent, which shall be determined as set forth below, and the Work Letter, which shall not be applicable) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months, and months prior (but no earlier than 18 months, prior months prior) to the expiration of the Base Term of the this Lease.

Appears in 3 contracts

Samples: Lease Agreement (Gemini Therapeutics, Inc. /DE), Lease Agreement (Forma Therapeutics Holdings, Inc.), Lease Agreement (Werewolf Therapeutics, Inc.)

Extension Right. Tenant shall have 1 right (the an “Extension Right”) to extend the term of this Lease for 3 years (the an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months, and no earlier than 18 months, 9 months prior to the expiration of the Base Term of the Lease.

Appears in 2 contracts

Samples: Lease Agreement (Stem Cell Assurance, Inc.), Lease Agreement (Stem Cell Assurance, Inc.)

Extension Right. Subject to the terms of Section 39(g) below, Tenant shall have 1 right (the “Extension Right”) to extend the term of this Lease for 3 2 years (the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months, 15 months prior and no earlier not more than 18 months, months prior to the expiration of the Base Term of the Lease.

Appears in 2 contracts

Samples: Lease Agreement (Stoke Therapeutics, Inc.), Lease Agreement (Stoke Therapeutics, Inc.)

Extension Right. Tenant shall have 1 right (the “Extension Right”) to extend the term of this Lease for 3 5 years (the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base RentRent and the Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months, and no earlier than 18 months, 10 months prior to the expiration of the Base Term of the this Lease.

Appears in 2 contracts

Samples: Assignment and Assumption of Lease (Vaxcyte, Inc.), Lease Agreement (Codexis, Inc.)

Extension Right. Tenant shall have 1 right (the “Extension Right”) to extend the term of this Lease for 3 5 years (the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base RentRent and the Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 monthsmonths prior, and no earlier than 18 monthsmonths prior, prior to the expiration of the Base Term of the this Lease.

Appears in 2 contracts

Samples: Lease Agreement (GreenLight Biosciences Holdings, PBC), Lease Agreement (GreenLight Biosciences Holdings, PBC)

Extension Right. Tenant shall have 1 right 2 rights (the each, an “Extension Right”) to extend the term of this Lease for 3 years 1 year each (the each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months9 months prior, and no earlier than 18 months12 months prior, prior to the expiration of the Base Term of the LeaseLease or the prior Extension Term.

Appears in 2 contracts

Samples: Lease Agreement (Allakos Inc.), Lease Agreement (Allakos Inc.)

Extension Right. Tenant shall have 1 right (the “Extension Right”) to extend the term of this Lease for 3 5 years (the “Extension Term”) on the same terms and conditions as this Lease (other than Base RentRent and the Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months, and no earlier than 18 months, 9 months prior to the expiration of the Base Term of the Lease.

Appears in 2 contracts

Samples: Lease Agreement (Rubius Therapeutics, Inc.), Lease Agreement (Rubius Therapeutics, Inc.)

Extension Right. Tenant shall have 1 one right (the “Extension Right”) to extend the term of this Lease for 3 years (the “Extension Term”) on the same terms and conditions as this Lease (other than Base Rent) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months9 months prior, and no earlier than 18 months12 months prior, prior to the expiration of the Base original Term of the Lease. Promptly after receipt of Tenant’s exercise notice, Landlord shall provide Tenant with Landlord’s determination of the Market Rate for the Extension Term.

Appears in 2 contracts

Samples: Lease Agreement (Eleven Biotherapeutics, Inc.), Lease Agreement (Eleven Biotherapeutics, Inc.)

Extension Right. Tenant shall have 1 the right (the “Extension Right”) to extend the term of this Lease for 3 years (the “Extension Term”) on the same terms and conditions as this Lease (other than Base Rent) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months, and no earlier than 18 months, 9 months prior to the expiration of the Base Term of the Lease.

Appears in 2 contracts

Samples: Sublease Agreement (Poniard Pharmaceuticals, Inc.), Lease Agreement (Poniard Pharmaceuticals, Inc.)

Extension Right. Tenant shall have 1 right (the “Extension Right”) to extend the term of this Lease for 3 years (the “Extension Term”) on the same terms and conditions as this Lease (other than Base Rent) by giving Landlord written notice of its election to exercise each Extension Right at least 12 monthsmonths prior, and no earlier than 18 months, prior to the expiration of the Base Term of the Lease.

Appears in 2 contracts

Samples: Lease Agreement (Tcr2 Therapeutics Inc.), Lease Agreement (Tcr2 Therapeutics Inc.)

Extension Right. Tenant shall have 1 right (the “Extension Right”) to extend the term of this Lease for 3 5 years (the “Extension Term”) on the same terms and conditions as this Lease (other than Base Rent) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months, and no earlier than 18 months, months prior to the expiration of the Base Term of the Lease.

Appears in 2 contracts

Samples: Lease Agreement (Ambrx Biopharma Inc.), Lease Agreement (Ambrx Biopharma Inc.)

Extension Right. Tenant shall have 1 one right (the “Extension Right”) to extend the term of this Lease for 3 years (the “Extension Term”) on the same terms and conditions as this Lease (other than Base Rent) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months, and no earlier than 18 months, 9 months prior to the expiration of the Base original Term of the Lease. Promptly after receipt of Tenant’s exercise notice, Landlord shall provide Tenant with Landlord’s determination of the Market Rate for the Extension Term.

Appears in 1 contract

Samples: Lease Agreement (Blueprint Medicines Corp)

Extension Right. Tenant shall have 1 right (the “Extension Right”) to extend the term of this the Lease for 3 5 years (the “Extension Term”) on the same terms and conditions as this the Lease (other than with respect to Base Rent, the Work Letter, the Second Expansion Premises Work Letter and the Third Expansion Premises Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months, and no earlier than 18 months, months prior to the expiration of the Base Term of the Lease.

Appears in 1 contract

Samples: Lease Agreement (Fate Therapeutics Inc)

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Extension Right. Tenant shall have 1 right (the “Extension Right”) to extend the term of this Lease for 3 years (the “Extension Term”) on the same terms and conditions as this Lease (other than Base Rent) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months, and no earlier than 18 months, 9 months prior to the expiration of the Base original Term of the Lease. Promptly after receipt of Tenant’s exercise notice, Landlord shall provide Tenant with Landlord’s determination of the Market Rate for the Extension Term.

Appears in 1 contract

Samples: Lease Agreement (Sage Therapeutics, Inc.)

Extension Right. Tenant shall have 1 right (the “Extension Right”) to extend the term of this Lease for 3 years a period of 28 months (the “Extension Term”) on the same terms and conditions as this the Lease (other than with respect to Base RentRent and the Improvement Allowance) by giving Landlord written notice of its election to exercise each Extension Right at least 12 months9 months prior, and no earlier than 18 months12 months prior, prior to the expiration of the Base Term of the LeaseSecond Amendment Expiration Date.

Appears in 1 contract

Samples: Lease Agreement (Neoleukin Therapeutics, Inc.)

Extension Right. Tenant shall have 1 right (the “Extension Right”) to extend the term of this Lease with respect to the entire Premises for 3 years 120 months (the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base RentRent and the Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 monthsmonths prior, and no earlier than 18 monthsmonths prior, prior to the expiration of the Base Term of the this Lease.

Appears in 1 contract

Samples: Lease Agreement (Arrowhead Pharmaceuticals, Inc.)

Extension Right. Tenant shall have 1 right (the an “Extension Right”) to extend the term of this Lease for 3 5 years (the an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base RentRent and the Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months, and no earlier than 18 months, 9 months prior to the expiration of the Base Term of the Lease.

Appears in 1 contract

Samples: Lease Agreement (Revolution Medicines, Inc.)

Extension Right. Tenant shall have 1 right (the “Extension Right”) to extend the term of this Lease for 3 years (the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 monthsmonths prior, and no earlier than 18 months15 months prior, prior to the expiration of the Base Term of the this Lease.

Appears in 1 contract

Samples: Lease Agreement (Spruce Biosciences, Inc.)

Extension Right. Tenant shall have 1 right (the “Extension Right”) to extend the term of this Lease for 3 years (the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base RentRent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 12 months, and no earlier than 18 months, 9 months prior to the expiration of the Base Term of the Lease.

Appears in 1 contract

Samples: Lease Agreement (Xeris Pharmaceuticals Inc)

Extension Right. Tenant shall have 1 the right (the “Extension Right”"EXTENSION RIGHT") to extend the term of this Lease for 3 years (the “Extension Term”"EXTENSION TERM") on the same terms and conditions as this Lease (other than Base Rent) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months, and no earlier than 18 months, six months prior to the expiration of the Base initial Term of the Lease.

Appears in 1 contract

Samples: Lease Agreement (SGX Pharmaceuticals, Inc.)

Extension Right. Tenant shall have 1 right (the “Extension Right”) to extend the term of this Lease for 3 5 years (the “Extension Term”) on the same terms and conditions as this Lease (other than Base RentRent and the Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months, and months but no earlier than 18 months, 15 months prior to the expiration of the Base Term of the Lease.

Appears in 1 contract

Samples: Lease Agreement (Relay Therapeutics, Inc.)

Extension Right. Tenant shall have 1 right (the an “Extension Right”) to extend the term of this Lease for 3 5 years (the an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base RentRent and the Work Letter) by giving Landlord written notice of its election to exercise each such Extension Right at least 12 months, and no earlier than 18 15 months, prior to the expiration of the Base Term of the Lease.

Appears in 1 contract

Samples: Lease Agreement (Otonomy, Inc.)

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