Common use of Grant of Second Option Clause in Contracts

Grant of Second Option. Provided that Tenant has exercised its First Option, Tenant shall have the option to extend the Term of this Lease for another five (5) year additional period (the "Second Option"); provided that Tenant is not in default under this Lease beyond any applicable notice and cure periods, at the time the Second Option is exercised, the First Option and the Second Option shall also be referred to herein separately as the "Option Term" and together as the "Option Terms".

Grant of Second Option. Provided that Tenant has exercised its First ---------------------- Option, Tenant shall have the option to extend the Term of this the Lease for another five (5) year additional period (the "Second Option"); provided that Tenant is not in default under this the Lease beyond any applicable notice and cure periods, at the time the Second Option is exercised, the First Option and the Second Option shall also be referred to herein separately as the "Option Term" and together as the "Option Terms".

Grant of Second Option. Provided that Tenant has exercised its First Option, Tenant shall have the option to extend the Term of this the Lease for another five (5) year additional period (the "“Second Option"”); , provided that Tenant is not in default under this the Lease beyond any applicable notice and cure periods, at the time the Second Option is exercised, the First Option and the Second Option shall also be referred to herein separately as the "Option Term" and together as the "Option Terms".