Common use of Grant of Option; Conditions Clause in Contracts

Grant of Option; Conditions. Tenant shall have the right (the “Second Extension Option”) to extend the Term for one (1) additional period of five (5) years beginning on the day immediately following the last day of the First Extension Term and ending on the fifth anniversary of such date (the “Second Extension Term”), if: (a) not less than 9 and not more than 12 full calendar months before the expiration of the First Extension Term, Tenant delivers written notice to Landlord (the “Second Extension Notice”) electing to exercise the Second Extension Option; (b) no Default exists when Tenant delivers the Second Extension Notice; (c) no more than 25% of the Premises is sublet (other than to an Affiliate) when Tenant delivers the Second Extension Notice; and (d) the Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Second Extension Notice; and (e) Tenant exercised the First Extension Option.

Grant of Option; Conditions. Tenant shall have the right (the “Second First Extension Option”) to extend the Term for one (1) additional period of five (5) years beginning on the day immediately following the last day of the First Extension Term initial Expiration Date and ending on the fifth anniversary of such date thereof (the “Second First Extension Term”), if: (a) not less than 9 and not more than 12 full calendar months before the expiration date of the First Extension TermLease, Tenant delivers written notice to Landlord (the “Second First Extension Notice”) electing to exercise the Second First Extension Option; (b) no Default exists when Tenant delivers the Second First Extension Notice; (c) no more than 25% of the Premises is sublet (other than to an Affiliate) when Tenant delivers the Second First Extension Notice; and (d) the Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Second First Extension Notice; and (e) Tenant exercised the First Extension Option.

Grant of Option; Conditions. Tenant shall have the right (the “Second Extension Option”) to extend the Term for one (1) additional period of five (5) years beginning on the day immediately following the last day expiration date of the First Extension Term Lease 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 First Extension TermLease, Tenant delivers written notice to Landlord (the “Second Extension Notice”) electing to exercise the Second Extension Option; (b) no Default exists when Tenant delivers the Second Extension Notice; (c) no more than 2550% of the Premises is sublet (other than to an Affiliate) when Tenant delivers the Second Extension Notice; and (d) the Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Second Extension Notice; and (e) Tenant exercised the First Extension Option.

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 last day of the First Extension Term Extended Expiration Date and ending on the fifth anniversary of such date (the “Second Extension Term”), if: (a) not less than 9 12 and not more than 12 15 full calendar months before the expiration of the First Extension TermExtended Expiration Date, Tenant delivers written notice to Landlord (for purposes of this Section 9, the “Second Extension Notice”) electing to exercise the Second Extension Option; (b) no Default exists when Tenant delivers the Second Extension Notice; (c) no more than 2533% of the Premises is sublet (other than to an Affiliate) when Tenant delivers the Second Extension Notice; and (d) the Lease Lease, as amended, has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Second Extension Notice; and (e) Tenant exercised the First Extension Option.

Grant of Option; Conditions. Tenant shall have the right (the “Second Extension Option”) to extend the Term for one (1) additional period of five (5) years beginning on the day immediately following the last day of the First Extension Term Expiration Date and ending on the fifth 5th anniversary of such date the Expiration Date (the “Second Extension Term”), if: (a) not less than 9 10 and not more than 12 13 full calendar months before the expiration of the First Extension TermExpiration Date, Tenant Xxxxxx delivers written notice to Landlord (the “Second Extension Notice”) electing to exercise the Second Extension Option; (b) no Default exists when Tenant delivers the Second Extension Notice; (c) no not more than 2510% of the Premises is sublet (other than to an AffiliateAffiliate of Tenant) when Tenant delivers the Second Extension Notice; and (d) the this Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Second Extension Notice; and (e) Tenant exercised the First Extension Option.

Grant of Option; Conditions. Tenant shall have the right (the “Second Extension Option”) to extend the Term Term, with respect to the entire Premises only (subject to Sections 5.6 and 6.2.1 below), for one (1) additional period of five (5) years beginning on the day immediately following the last day of the First Extension Term Expiration Date and ending on the fifth 5th anniversary of such date the Expiration Date (the “Second Extension Term”), if: (a) not less than 9 10 and not more than 12 20 full calendar months before the expiration of the First Extension TermExpiration Date, Tenant delivers written notice to Landlord (the “Second Extension Notice”) electing to exercise the Second Extension Option; (b) no Default exists when Tenant delivers the Second Extension Notice; (c) no not more than 2533% of the Premises (other than any Excluded Space (defined in Section 5.6.1 below)) is sublet (other than pursuant to an AffiliatePermitted Transer) when Tenant delivers the Second Extension Notice; and (d) the this Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Second Extension Notice; and (e) Tenant exercised the First Extension Option.