Common use of Grant of Option; Conditions Clause in Contracts

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the term of the Lease for one (1) additional period of three (3) years beginning on the Modified Expiration Date and ending on the 3rd anniversary of the Modified Expiration Date (the “Extension Term”), if: (a) not less than 12 and not more than 15 full calendar months before the Modified Expiration Date. Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 7.5 below) rate for the Extension Term; (b) no Default exists when Tenant delivers the Extension Notice; (c) no part of the Premises is sublet (other than to an Affiliate of Tenant) when Tenant delivers the Extension Notice; and (d) the Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the term of the Lease for one (1) additional period of three (3) years beginning on the Modified Second Extended Expiration Date and ending on the 3rd anniversary of the Modified Second Extended Expiration Date (the “Extension Term”), if: (a) not less than 12 and not more than 15 full calendar months before the Modified Second Extended Expiration Date. , Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 7.5 below) rate for the Extension Term; (b) no Default exists when Tenant delivers the Extension Notice; (c) no part of the Premises is sublet (other than to an Affiliate of Tenant) when Tenant delivers the Extension Notice; and (d) the Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the term of the Lease Term for one (1) additional period of three five (35) years beginning on the Modified Expiration Date day immediately following the expiration date of this Lease and ending on the 3rd 5th anniversary of the Modified Expiration Date such expiration date (the “Extension Term”), if: (aA) not less than 12 and not more than 15 full calendar months before the Modified Expiration Date. expiration date of the initial Term, Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 7.5 3.5 below) rate for the Extension Term; (bB) no Default exists when Tenant delivers the Extension Notice; (cC) no part not more than 20% of the Premises is sublet (other than to an Affiliate of Tenant) when Tenant delivers the Extension Notice; and (dD) the this Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the term of the Lease Term for one (1) additional period of three (3) years beginning on the Modified Expiration Date day immediately following the expiration date of the Lease and ending on the 3rd third anniversary of the Modified Expiration Date such expiration date (the “Extension Term”), if: (a) not less than 12 9 and not more than 15 12 full calendar months before the Modified Expiration Date. expiration date of the Lease, Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 7.5 2.5 below) rate for the Extension Term; (b) no Default exists when Tenant delivers the Extension Notice; (c) no part of the Premises is sublet (other than to an Affiliate of Tenant) when Tenant delivers the Extension Notice; and (d) the Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the term of the Lease Term for one (1) additional period of three five (35) years beginning commencing on the Modified day following the Expiration Date and ending on the 3rd fifth (5th) anniversary of the Modified Expiration Date (the “Extension Term”), if: (a) not 6.1.1 Not less than 12 eleven (11) and not more than 15 fourteen (14) full calendar months before the Modified Expiration Date. , Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 7.5 6.5 below) rate for the Extension Term; (b) no 6.1.2 No Default exists when is continuing at the time Tenant delivers the Extension Notice; (c) no part 6.1.3 No more than 20% of the Premises is sublet (other than to an Affiliate of Tenantin connection with a Permitted Transfer) when Tenant delivers the Extension Notice; and (d) the 6.1.4 The Lease has not been assigned (assigned, other than pursuant to in connection with a Permitted Transfer) , before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “"Extension Option”") to extend the term of the Lease Term for one (1) additional period of three (3) years beginning on the Modified Expiration Date day immediately following the expiration date of the Lease and ending on the 3rd third (3rd) anniversary of the Modified Expiration Date such expiration date (the “"Extension Term”"), if: (a) not less than 12 and not more than 15 full calendar months before the Modified Expiration Date. expiration date of the Lease, Tenant delivers written notice to Landlord (the “"Extension Notice”") electing to exercise the Extension Option and stating Tenant’s 's estimate of the Prevailing Market (defined in Section 7.5 2.5 below) rate for the Extension Term; (b) no Default exists when Tenant delivers the Extension Notice; (c) no part of the Premises is sublet (other than to an Affiliate of Tenant) when Tenant delivers the Extension Notice; and (d) the Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the term of the Lease Term for one (1) additional period of three five (35) years beginning on the Modified Expiration Date day immediately following the expiration date of the Lease and ending on the 3rd fifth anniversary of the Modified Expiration Date such expiration date (the “Extension Term”), if: (a) not less than 12 9 and not more than 15 12 full calendar months before the Modified Expiration Date. expiration date of the Lease, Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 7.5 3.5 below) rate for the Extension Term; (b) no Default exists when Tenant delivers the Extension Notice; (c) no part more than 35% of the Premises is sublet (other than to an Affiliate of Tenant) when Tenant delivers the Extension Notice; and (d) the Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the term of the Lease Term for one (1) additional period of three five (35) years beginning commencing on the Modified day following the Expiration Date and ending on the 3rd 5th anniversary of the Modified Expiration Date (the “Extension Term”), if: (a) not A. Not less than 12 nine (9) and not more than 15 12 full calendar months before the Modified Expiration Date. , Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 7.5 8.5 below) rate for the Extension Term; (b) no Default exists B. Tenant is not in default under the Lease beyond any applicable cure period when Tenant delivers the Extension Notice; (c) no part C. Not more than 30% of the Premises is sublet (other than to an Affiliate of Tenant) for more than 75% of the remaining balance of the Term when Tenant delivers the Extension Notice; and (d) the D. The Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the term of the Lease Term for one (1) additional period of three five (35) years beginning on the Modified Expiration Date day immediately following the expiration date of this Lease and ending on the 3rd 5th anniversary of the Modified Expiration Date such expiration date (the “Extension Term”), if: (aA) not less than 12 and not more than 15 full calendar months 270 days before the Modified Expiration Date. expiration date of this Lease, Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 7.5 5.5 below) rate for the Extension Term; (bB) no Default exists when Tenant delivers the Extension Notice; (cC) no part of the Premises is sublet (other than pursuant to an Affiliate of Tenanta Permitted Transfer) when Tenant delivers the Extension Notice; and (dD) the this Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the term of the Lease Term for one (1) additional period of three (3) years 30 months beginning on the Modified day immediately following the Expiration Date of the Lease and ending on the 3rd anniversary of the Modified Expiration Date 30 months thereafter (the “Extension Term”), if: (a) not less than 12 9 and not more than 15 12 full calendar months before the Modified Expiration Date. Date of the Lease, Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 7.5 4.5 below) rate for the Extension Term; (b) no Default exists when Tenant delivers the Extension Notice; (c) no part of the Premises is sublet (other than pursuant to an Affiliate of Tenanta Permitted Transfer) when Tenant delivers the Extension Notice; and (d) the Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the term of the Lease for one (1) additional period of three (3) years beginning commencing on the Modified Expiration Date day following the expiration date of the Lease and ending on the 3rd anniversary of the Modified Expiration Date expiration date of the Lease (the “Extension Term”), if: (a) not A. Not less than 12 and not more than 15 full calendar months before the Modified Expiration Date. expiration date of the Lease, Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 7.5 4.5 below) rate for the Extension Term; (b) no Default exists B. Tenant is not in default under the Lease beyond any applicable cure period when Tenant delivers the Extension Notice; (c) no C. No part of the Premises is sublet (other than to an Affiliate of Tenant) when Tenant delivers the Extension Notice; and (d) the D. The Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Second Extension Option”) to extend the term of the Lease Extended Term for one (1) additional period of three five (35) years beginning on the Modified day immediately following the Extended Expiration Date and ending on the 3rd fifth anniversary of the Modified Expiration Date such date (the “Second Extension Term”), if: (a) not A. Not less than 12 and not more than 15 full calendar months before the Modified Extended Expiration Date. , Tenant delivers written notice to Landlord (for purposes of this Section 6, the “Extension Notice”) electing to exercise the Second Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 7.5 6.5 below) rate for the Second Extension Term; (b) no B. No Default exists when Tenant delivers the Extension Notice; (c) no C. No part of the Premises is sublet (other than with respect to an Affiliate of TenantApproved Users) when Tenant delivers the Extension Notice; and (d) the Lease D. The Lease, as amended, has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Second Extension Option”) to extend the term of the Lease Extended Term for one (1) additional period of three five (35) years beginning on the Modified Expiration Date day immediately following the Extended Term and ending on the 3rd fifth anniversary of the Modified Expiration Date such expiration date (the “Second Extension Term”), if: (aA) not less than 12 9 and not more than 15 12 full calendar months before the Modified Expiration Date. expiration date of the Lease, Tenant delivers written notice to Landlord (for purposes of this Section 12, the “Extension Notice”) electing to exercise the Second Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 7.5 12.5 below) rate for the Second Extension Term; (bB) no Default exists when Tenant delivers the Extension Notice; (cC) no part of the Premises is sublet (other than pursuant to an Affiliate of Tenanta Business Transfer) when Tenant delivers the Extension Notice; and (dD) the Lease Lease, as amended, has not been assigned (other than pursuant to a Permitted Business Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the term of Term for the Lease Premises (as then defined) for one (1) additional period of three five (35) years beginning on the Modified day immediately following the Expiration Date of the Lease and ending on the 3rd fifth anniversary of the Modified Expiration Date such expiration date (the “Extension Term”), if: (a) not less than 12 and not more than 15 full calendar months before the Modified Expiration Date. expiration date of the Lease, Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 7.5 9.5 below) rate for the Extension Term; (b) no Default (as defined in the Lease) exists when Tenant delivers the Extension Notice; (c) no part more than 33% of the Premises is sublet (other than to an Affiliate of Tenant) when Tenant delivers the Extension Notice; and (d) the Lease has not been assigned (other than pursuant to a Permitted Transfer, as defined in the Lease) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “"Extension Option”") to extend the term of the Lease for one (1) additional period of three five (35) years beginning commencing on the Modified day following the Extended Expiration Date and ending on the 3rd 5th anniversary of the Modified Extended Expiration Date (the “"Extension Term”"'), if: (a) not A. Not less than 12 nine (9) and not more than 15 12 full calendar months before the Modified Extended Expiration Date. , Tenant delivers written notice to Landlord (the “"Extension Notice”") electing to exercise the Extension Option and stating Tenant’s 's estimate of the Prevailing Market (defined in Section 7.5 10.5 below) rate for the Extension Term; (b) no Default exists B. Tenant is not in default under the Lease beyond any applicable cure period when Tenant delivers the Extension Notice; (c) no C. No part of the Premises is sublet (other than to an Affiliate of TenantTenant ) when Tenant delivers the Extension Notice; and (d) the D. The Lease has not been assigned (other than pursuant to a Permitted Business Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the term of the Lease Term for one (1) additional period of three five (35) years beginning on the Modified Expiration Date day immediately following the expiration date of the Lease and ending on the 3rd 5th anniversary of the Modified Expiration Date such expiration date (the “Extension Term”), if: (a) not less than 12 9 and not more than 15 12 full calendar months before the Modified Expiration Date. expiration date of the Lease, Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 7.5 2.5 below) rate for the Extension Term; (b) no Default exists when Tenant delivers the Extension Notice; (c) no part of the Premises is sublet (other than to an Affiliate of Tenant) when Tenant delivers the Extension Notice; and (d) the Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Fourth Extension Option”) to extend the term of the Lease for one (1) additional period of three two (32) years beginning on the Modified day immediately following the Third Extended Expiration Date and ending on the 3rd second anniversary of the Modified Expiration Date such expiration date (the “Fourth Extension Term”), if: (a) not less than 12 9 and not more than 15 12 full calendar months before the Modified Third Extended Expiration Date. Tenant , Xxxxxx delivers written notice to Landlord (for purposes of this Section 10, the “Extension Notice”) electing to exercise the Fourth Extension Option and stating Tenant’s estimate of the Prevailing Market (defined in Section 7.5 below) rate for the Extension TermOption; (b) no Default exists when Tenant delivers the Extension Notice; (c) no part of the Premises is sublet (other than to an Affiliate of Tenant) when Tenant delivers the Extension Notice; and (d) the Lease Lease, as amended, has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Extension Notice.