Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (an “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 9 months prior, and no earlier than 12 months prior, to the expiration of the Base Term of the Lease or the expiration of any prior Extension Terms.
Appears in 1 contract
Samples: Lease Agreement (Biolex, Inc.)
Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”"EXTENSION RIGHT") to extend the term Term of this Lease for 5 years each (each, an “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 Extension Right at least 9 6 months prior, and no earlier than 12 months prior, prior to the expiration of the Base initial Term of the Lease or the expiration of any prior Extension TermsTerm.
Appears in 1 contract
Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, 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 Extension Right at least 9 12 months prior, and no earlier than 12 15 months prior, to the expiration of the Base Term of the this Lease or the expiration of any prior Extension TermsTerm.
Appears in 1 contract
Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”"EXTENSION RIGHT") to extend the term of this Lease for 5 years each (an “Extension Term”each, a "TERM EXTENSION") on the same terms and conditions as this Lease (other than Base Rent) by giving Notice to Landlord written notice of its Tenant's election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of the Lease or the expiration of any prior Extension TermsTerm Extension. During any Term Extension, no Base Rent and no Improvement Rent shall be payable; all other Rent shall remain payable on the same terms and conditions as this Lease.
Appears in 1 contract
Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base RentRent and the Work Letters) by giving Landlord written notice of its election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of the Lease or the expiration of any the prior Extension TermsTerm.
Appears in 1 contract
Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “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 9 12 months prior, and no earlier than 12 18 months prior, to the expiration of the Base Term of the this Lease or the expiration of any prior Extension TermsTerm.
Appears in 1 contract
Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “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 9 [***] months prior, and no earlier than 12 [***] months prior, to the expiration of the Base Term of the this Lease or the expiration of any prior Extension TermsTerm.
Appears in 1 contract
Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (an each, a “Extension TermTerm Extension”) on the same terms and conditions as this Lease (other than Base Rent) by giving Notice to Landlord written notice of its Tenant’s election to exercise each Extension Right at least 9 months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of the Lease or the expiration of any prior Extension TermsTerm Extension. During any Term Extension, no Base Rent and no Improvement Rent shall be payable; all other Rent shall remain payable on the same terms and conditions as this Lease.
Appears in 1 contract
Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “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 9 12 months prior, and no earlier than 12 18 months prior, to the expiration of the Base Term of the Lease or the expiration of any prior Extension TermsTerm.
Appears in 1 contract
Extension Rights. Tenant shall have 2 two (2) consecutive rights (each, an “Extension Right”"EXTENSION RIGHT") to extend the term of this Lease for 5 five (5) years each (each, an “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 Extension Right at least 9 twelve (12) months prior, and no earlier than 12 months prior, prior to the expiration of the Base Term of the Lease or the expiration of any prior Extension TermsTerm.
Appears in 1 contract
Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease for 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than Base Rent) by giving Landlord written notice (“Extension Notice”) of its election to exercise each Extension Right at least 9 12 months prior, and no earlier than 12 16 months prior, to the expiration of the Base Term of the this Lease or the expiration of any prior Extension TermsTerm.
Appears in 1 contract
Samples: Lease Agreement (Novavax Inc)
Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term Term of this Lease for 5 years each (each, an “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 9 6 months prior, and no earlier than 12 months prior, prior to the expiration of the Base initial Term of the Lease or the expiration of any prior Extension Terms.Term. During any Extension Term, Base Rent shall be payable at the Market Rate (as defined below). Base Rent shall be adjusted on each annual anniversary of the commencement of such Extension Term
Appears in 1 contract