Common use of Grant of Option and General Terms Clause in Contracts

Grant of Option and General Terms. Provided that (i) no material adverse change has occurred in Tenant's financial condition; (ii) this Lease is in full force and effect, and (iii) no Event of Default shall exist under this Lease, or would exist but for the pendency of any cure periods provided under SECTION 21.1, either on the date Tenant exercises its Renewal Option (as hereinafter defined) or as of the effective date of the Renewal Term (as hereinafter defined), Tenant shall have the option to extend the term of this Lease for one (1) additional period (the "Renewal Option") of five (5) years (the "Renewal Term"). The Renewal Option shall be subject to all of the terms and conditions contained in the Lease except that (i) the Renewal Rent (as hereinafter defined) shall be as set forth below; (ii) Landlord shall have no obligation to improve the Premises; and (iii) there shall be no further option to extend the Term of the Lease beyond the Renewal Term.

Grant of Option and General Terms. Provided that (i) no material adverse change has occurred in Tenant's financial condition; (ii) this Lease is in full force and effect, and (iii) no Event of Default shall exist under this Lease, or would exist but for the pendency of any cure periods provided under SECTION 21.1, either on the date Tenant exercises its Renewal Option (as hereinafter defined) or as of the effective date of the Renewal Term (as hereinafter defined), Tenant shall have the option to extend the term of this Lease for one (1) additional period (the "Renewal Option") of five three (53) years (the "Renewal Term"). The Renewal Option shall be subject to all of the terms and conditions contained in the Lease except that (i) the Renewal Rent (as hereinafter defined) shall be as set forth below; (ii) Landlord shall have no obligation to improve the Premises; and (iii) there shall be no further option to extend the Term of the Lease beyond the Renewal Term.

Grant of Option and General Terms. Provided that (i) no material --------------------------------- adverse change has occurred in Tenant's financial conditioncondition has occurred; and (ii) this Lease is in full force and effect, and (iii) no Event of Default shall exist under this Lease, Lease or would exist but for the pendency of any cure periods provided under for in SECTION 21.121.1 herein, either on ------------ the date Tenant exercises its Renewal Option (as hereinafter defined) or as of the effective date of the Renewal Term (as hereinafter defined), Tenant shall have the option to extend the term Term of this Lease for one (1) additional period (the "Renewal Option") of five three (53) years (the "Renewal Term"). The Renewal Option shall be subject to all of the terms and conditions contained in the Lease except that (i1) the Renewal Rent renewal rent (as hereinafter defined) shall be at the then prevailing Market Rate (as set forth below; (ii) Landlord shall have no obligation to improve the Premiseshereinafter defined); and (iiiii) there shall be no further option to extend the Term term of the Lease beyond the Renewal Term.

Grant of Option and General Terms. Provided that (i1) no material adverse change has occurred in Tenant's Lessee’s financial condition; , (ii) this Lease is in full force and effect, and (iii) no Event of Default default shall exist under this Lease, or would exist but for the pendency of any cure periods provided under SECTION 21.1, either on the date Tenant Lessee exercises its Fourth Renewal Option (as hereinafter defined) or as of the effective date of the Renewal Fourth Renewed Term (as hereinafter defined), Tenant or would exist but for the pendency of any cure periods provided under Section 29 herein; Lessee shall have the option to extend the term of this Lease Term with respect to the entire Premises for one (1) additional period (the "“Fourth Renewal Option"”) of five (5) years (the "Renewal “Fourth Renewed Term"”). The Fourth Renewal Option shall be subject to all of the terms and conditions contained in the Lease except that (i) the Renewal Rent (as hereinafter defined) shall be at the then prevailing Market Rate (as set forth defined below) on the commencement date of the Fourth Renewed Term; (ii) Landlord Lessor shall have no obligation to improve the Premises; and (iii) there shall be no further option to extend the Lease Term of the Lease beyond the Renewal Fourth Renewed Term.