Common use of FIRST OPTION TO RENEW Clause in Contracts

FIRST OPTION TO RENEW. Tenant is hereby granted the option to renew this Lease for a First Renewal Term for each Facility, which option shall be exercised by Notice to Landlord at least one hundred eighty (180) days, but not more than three hundred sixty (360) days, before the Expiration Date for such Facility specified in Exhibit B hereto; provided, however, that no Event of Default exists either on the date on which Tenant gives such Notice to Landlord or on the applicable Expiration Date. During the First Renewal Term, all of the terms and conditions of this Lease shall remain in full force and effect.

FIRST OPTION TO RENEW. Tenant is hereby granted the option to renew this Lease for a First Renewal Term for each the Facility, which option shall be exercised by Notice to Landlord at least one hundred eighty (180) days, but not more than three hundred sixty (360) days, before the Expiration Date for such Facility specified in Exhibit B heretoDate; provided, however, that no Event of Default exists either on the date on which Tenant gives such Notice to Landlord or on the applicable Expiration Date. During the First Renewal Term, all of the terms and conditions of this Lease shall remain in full force and effect.