Common use of Failure to Exercise Option Clause in Contracts

Failure to Exercise Option. If Tenant shall fail to give Landlord written notice of Tenant’s exercise of the Extended Term on or before the applicable Notice Date, time being of the essence, Tenant shall have no right to extend this Lease for the Extended Term and this Lease shall terminate as provided in Article 3 of this Lease and Tenant shall vacate the Leased Premises on or before the Expiration Date in accordance with the provisions of this Lease.

Failure to Exercise Option. If Tenant shall fail fails to give Landlord written notice either of Tenant’s the two (2) required Exercise Notices within the time periods and in the manner herein provided, all rights of Tenant to further extend the Term of the Lease shall terminate. It shall be a condition to the effective exercise of the Extended Term on or before the applicable Notice Date, time being of the essence, Tenant shall have either Option that there exist no right to extend this Lease for the Extended Term and this Lease shall terminate as provided in Article 3 of Default under this Lease and Tenant shall vacate that this Lease be in full force and effect both on the Leased Premises date Landlord receives the Exercise Notice and on or before the Expiration Date in accordance with date the provisions of this Leaseapplicable Extended Term is to commence.

Failure to Exercise Option. If Tenant shall fail to give Landlord written notice of Tenant’s exercise of the Extended Term on or before the applicable Notice Date, time being of the essence, Tenant shall have no right to extend this Lease for the Extended Term Term, and this Lease shall terminate as provided in Article 3 of this Lease and Tenant shall vacate the Leased Premises on or before the Expiration Date in accordance with the provisions of this Lease.

Failure to Exercise Option. If Tenant shall fail to give Landlord written notice of Tenant’s 's exercise of the Extended Term on or before the applicable Notice Date, time being of the essence, Tenant shall have no right to extend this Lease for the Extended Term and this Lease shall terminate as provided in Article 3 of this Lease and Tenant shall vacate the Leased Premises on or before the Expiration Date in accordance with the provisions of this Lease.