Common use of Extension Rights Clause in Contracts

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 with respect to Base Rent and the Work Letter) by giving Landlord written notice of its election to exercise each Extension Right at least 12 months prior to the expiration of the Base Term of the Lease or the expiration of any prior Extension Term. Base Rent shall be adjusted on the commencement date of such Extension Term and on each annual anniversary of the commencement of such Extension Term by multiplying the Base Rent payable immediately before such adjustment by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such adjustment.

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 Rent and the Work LetterTI Allowance) by giving Landlord written notice of its election to exercise each Extension Right at least 12 months prior prior, and no earlier than 18 months prior, to the expiration of the Base Term of the Lease or the expiration of any prior Extension Term. Base Rent shall be adjusted on the commencement date of such Extension Term and on each annual anniversary of the commencement of such Extension Term by multiplying the Base Rent payable immediately before such adjustment by the Rent Adjustment Percentage applicable to the Extension Term (i.e., 4%) and adding the resulting amount to the Base Rent payable immediately before such adjustment.

Extension Rights. Tenant shall have 2 consecutive rights 1 right (each, an the “Extension Right”) to extend the term of this Lease for 5 years with respect to the then-entire Premises only (each, an the “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent Rent, the Work Letter and the Expansion Premises Work Letter) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months prior to the expiration of the Base Term of the Lease or the expiration of any prior Extension TermLease. Base Rent shall be adjusted increased on the commencement date of such Extension Term and on each annual anniversary of the commencement date of such Extension Term by multiplying the Base Rent payable immediately before such adjustment date by the Rent Adjustment Percentage (i.e., 3%) and adding the resulting amount to the Base Rent payable immediately before such adjustmentadjustment date.”

Extension Rights. Tenant shall have 2 consecutive rights (each, an “Extension Right”) to extend the term of this Lease with respect to the entire Premises for a period of 5 years each (each, an “Extension Term”) on the same terms and conditions as this Lease (other than with respect to Base Rent and the Work Letterany work letters) by giving Landlord written notice of its election to exercise each the Extension Right at least 12 months prior to the expiration of the Base Term of the Lease or the expiration of any prior Extension Term. Base Rent shall be adjusted on the commencement date of such each Extension Term and on each annual anniversary of the commencement of such Extension Term by multiplying the Base Rent payable immediately before such adjustment by the Rent Adjustment Percentage [***]% and adding the resulting amount to the Base Rent payable immediately before such adjustment. In addition, Landlord may impose a market rent for the parking rights provided hereunder.