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 for one (1) additional period of five (5) years beginning on the day immediately following the expiration date of the Lease and ending on the fifth anniversary of such expiration date (the “Extension Term”), if: (a) not less than 9 and not more than 12 full calendar months before the expiration date of the Lease, Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option; (b) no Default exists when Tenant delivers the Extension Notice; (c) no part of the Premises is sublet when Tenant delivers the Extension Notice; and (d) the Lease has not been assigned before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Second Extension Option”) to extend the Extended Term for one (1) additional period of five three (53) years beginning on the day immediately following the expiration date of the Lease Extended Expiration Date and ending on the fifth third anniversary of such expiration date (the “Second Extension Term”), if: (a) not less than 9 and not more than 12 full calendar months before the expiration date of the LeaseExtended Expiration Date, Tenant delivers written notice to Landlord (for purposes of this Section 7, the “Extension Notice”) electing to exercise the Second Extension Option; (b) no Default exists when Tenant delivers the Extension Notice; (c) no part of the Premises is sublet when Tenant delivers the Extension Notice; and (d) the Lease Lease, as amended, has not been assigned before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Second Extension Option”) to extend the Extended Term for one (1) additional period of five (5) years beginning on the day immediately following the expiration date of the Lease Extended Expiration Date and ending on the fifth anniversary of such expiration date (the “Second Extension Term”), if: (a) not less than 9 and not more than 12 full calendar months before the expiration date of the LeaseExtended Expiration Date, Tenant delivers written notice to Landlord (for purposes of this Section 9, the “Extension Notice”) electing to exercise the Second Extension Option; (b) no Default exists when Tenant delivers the Extension Notice; (c) no part of the Premises is sublet when Tenant delivers the Extension Notice; and (d) the Lease Lease, as amended, has not been assigned before Tenant delivers the Extension Notice.

Grant of Option; Conditions. Tenant shall have the right (the “Extension Option”) to extend the Term for one (1) additional period of five (5) years beginning on the day immediately following the expiration date of the Lease and ending on the fifth (5th) anniversary of such expiration date (the “Extension Term”), if: (a) not less than 9 nine (9) and not more than 12 twelve (12) full calendar months before the expiration date of the Lease, Tenant delivers written notice to Landlord (the “Extension Notice”) electing to exercise the Extension Option; (b) no Event of Default exists when Tenant delivers the Extension Notice; (c) no part of the Premises is sublet when Tenant delivers the Extension Notice; and (d) the Lease has not been assigned before Tenant delivers the Extension Notice.